Metals Advance Setup Shows New Highs Are Eminent
Chris Vermeulen | Mar 06, 2018 11:57PM ET
We’ve been warning about the future moves in the metals markets for a week to our members and readers. Our most recent work showed the metals needed to decline a bit before any new advancement leg could properly setup. Just recently, we profited from the Gold and Silver pulled back taking advantage of our downward predicting, which should setup a strong leg higher which is starting to unfold now. Yes, this could be the beginning of a new bullish leg that metals bugs have been waiting for.
Before we get into the details, we want to alert you that his new advancement leg should be the beginning of a new Wave 3 price advance. This type of price advancement should last many months and consist of multiple price rotations. All we are highlighting today is the eminent price advance that should take place before the end of March. Our more timely and detailed research, which is typically only shared with our subscribers.
h3 Gold Daily Charts/h3First chart of gold: Take a look at our adaptive price modeling system on this Daily Gold chart. This analysis is showing the price advance in the Gold should start with a strong move on March 5th and continue for at least a week – breaking recent highs and advancing towards $1400 before March 12th. After this move completes, a short period of congestion near $1400 should be expected before any further advance. Get ready if you want to take advantage of this $80 advance in Gold. We’re calling this move on March 3rd – so you have lots of time to get setup for the run.
Second chart of gold: This chart shows a different type of analysis, which is based on the most recent and most recurring time cycles at play in gold.
The setup in Silver is even more interesting because our adaptive price modeling system is showing two unique advanced in prices over the next few weeks. This means, as traders, we will have two unique opportunities to trade these advances.
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The first move appears to start very early on March 5th with a moderate price advance early in the week, followed by 2 or 3 days of stalled prices. Prices then continue an aggressive move higher near the 9th or 10th of March. Shortly after that peak, prices will retrace to just below $17.00 for a few days – setting up a fantastic buying opportunity for the second advancement to near $17.50.
For traders, this is a fantastic setup. The first leg higher represents $0.60~0.70 rally in silver. The second leg represents a $0.40~0.50 rally. Combined for a $1.00~1.20 total in two quick trades. And, YES, we know about these moves because of our adaptive predictive price modeling system – which is capable of showing us the highest probability price outcomes many days or weeks into the future.
Second chart of silver: This chart shows a different type of analysis, which is based on the most recent and most recurring time cycles at play in silver.
We share this analysis so that you have some real predictive data to work with through March.
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