Markets

Gold and silver price correction over? USD on the brink!

Brief technical analysis

Of the USD gold price corrected quite strongly in the last few days, but a stop was found on the green-dashed support line – just like in June, after which the gold price began to rise rapidly. The correction since August followed the same pattern as the April-June correction: within the limbs of a (red) triangle. The special thing about a triangle formation: After arriving at the tip of the triangle, the dissolution movement from the triangle begins. Thrustwhich, by definition, aims to convert the resistant high of the triangle into a new support so that a new and strong uptrend can then begin. The accompanying indicators TRIX and MACD are at a critical level, but a price increase should steer both curves back up and confirm a new upward trend.

Of the USD silver price has also corrected strongly in the last few days, with a hold on the green-dashed support lines. A clear sell-signal is only given when falling below the lowest support (currently at $ 22).

If one assumes that the silver price is in a new, long-term upward trend (bull market), then it makes sense to look at the seasonal course of the last bull market (2002-2011), since prices often tend in recurring patterns and cycles. The following chart shows that the silver price (during the last bull market) is stuck in a correction between August and October and that a new, strong upward trend begins at the end of October / beginning of November and continues into April of the following year:

Source: Seasonax

Of the USD index is currently at an explosive point: As soon as the current support is undercut at 92 points, a strong downward trend can be expected, which should lead to a sharp rise in gold and silver prices:

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You only have to pay VAT if you personally pick up your stored silver from the high-security warehouse (possible at any time after prior notification) or if we deliver your silver to your address.

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Disclaimer: The statements here do not constitute a buy or sell recommendation. The author, Stephan Bogner, is the managing director of Elementum International AG; a Swiss company that focuses exclusively on the storage of physical precious metals in the High security safe in the St. Gotthard mountain range specializes in Central Switzerland. Investments in the field of precious metals are subject to high risks. In addition to the general investment risks, they are also subject to certain risks that arise from the structure of this market. We therefore ask you to read our risk information carefully. The respective contractual documents and the risk information contained therein are decisive for investments. The companies Elementum International AG and Elementum Deutschland GmbH, as well as the operator of Rockstone Research, do not assume any liability for the consequences of actions carried out on the basis of the information in the electronic publications or on the companies’ websites or elsewhere. Investing always involves various forms of risk. Past profits are no guarantee of future profits. It is recommended that you always seek the help of trained and legally registered financial advisors when investing or that you seek individual advice based on your personal financial background. Before investing, it is advisable to determine exactly what financial goals you are pursuing, then classify them according to relevance, in order to determine what risk you are willing to take so that a complete financial plan can then be drawn up by a recognized financial advisor. Before investing, it is essential that you get such a financial advisor to your side and read the full disclaimers on the websites of Rockstone Research, Elementum Deutschland GmbH and Elementum International AG. Please read the full disclaimers on the websites of Rockstone Research, Elementum International AG and Elementum Deutschland GmbH.

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