Weekly Hot Take - Capital Inflow

27/03-31/03

Welcome everyone

Hi everyone and welcome to another weekly hot take! We’ve had another solid week in precious metals and from here on out we will start focusing more on jr.miners aswell since we’ve established the necessary parameters to assume that the bullmarket is on!

Last kind reminder for the 20% off forever! If you wish to grab a paid subscription just click the button below:

Precious Metals

XAUUSD

(Weekly)

Another very strong weekly close above the $1974 level. We can safely assume that eventhough there will be a breakout in the near future, before or after another small pullback. Our system for strong uptrends the past few months has been that we want the candles above the weekly EMA9 and EMA20. This is an indication of the strength of the trend and the sharper these ema’s are pointing up the harder it will be for bears to stop this rally. Also in basic logic, we’ve made higher lows now and higher highs, so all the naysayers can now finally stop acting like they’re super smart with the bear market rally bullsh*t ;-) . The funny thing is that we’ve been guiding everyone through these ups and downs providing all the subscribers with the correct levels and expectations for the next week. Meanwhile these bearish accounts and those accounts that are posting random ultra zoomed out log charts got 10k-50k followers. Whatever I guess, a strong small community like ours is much more powerful in my opinion.

In this next poll I want to ask our community if you guys want to see a private twitter account to post detailed technical analysis on juniors? I won’t be able to do this on the weekly hot take as it would be too length and the goal remains to be brief, clear and effective here.

If the answer is yes after a week, then all paid members will get an invite from me to a private twitter account that posts junior gold and silver miners from a technical perspective! I will post when I buy certain miners and when I sell and what the reason for buying/selling is. We can also discuss some fundamentals from time to time, but main goal will be TA. Let’s have a look now at the daily charts for gold, silver and the miners to see what levels are below for a potential pullback:

(Daily)

On the RSI we can see that we’re getting quite heated again, so it is possible that we consolidate either sideways for a few days or that we do a brief revisit of $1923. However this is not something we want to be trading as the bullmarket is in its early stages and we don’t want to lose our seat. I’m just outlining the possibility and if it were to get to $1923 I think you can again buy more juniors. On the other hand if gold first wants to stretch a little bit further then I’m looking at $2070ish. As some guys on twitter have mentioned too, there is no such thing as a triple top, so the breakout is extremely likely if we were to get to $2070. I am however expecting that we touch $2070, pullback a few days into a daily cycle low and then we fully breakthrough as on the chart below:

XAGUSD

(weekly)

I have been posting these charts for months without editing the levels much, they are solid and provide real value, The only brief trendline that I added here is the downward sloping breakout line + an alert at $24.7 as that would be the final confirmation of the breakout in silver too. We mentioned two weeks ago that the weekly and monthly candles looked very bad below our ema’s well luckily that we have given silver the benefit of the doubt because we are now bursting back above both. We stayed long in silver eventhough our system was invalidated because of the strength of gold on the one hand, and on the other hand because elliot waves expected a deep wave 2 pullback in a violent wave 3 up. We should now soon breakout over $24.7, before or after another DCL and then we will start the most violent phase of the bullmarket which will propel us to $28-$30 first and then we re-assess.

(Daily)

On the RSI we can see that we still got more then enough room left for a final stretch before another DCL. The downward sloping trendline is causing some resistance tho so we will have to see, but I want to strongly emphasize that every dip from here on out is a dip to BUY!!! Let’s now zoom into the miner indexes :

GDX

(Weekly)

We’ve had very strong upwave since last summer, then a brief sharp pullback into the ICL and we are now pushing even more aggressive for the wave 3 of 3. I assume that once we breakout over $33.3 again that the inflows into the big miner index will accelerate.

But Goldgirl, why aren’t the juniors moving yet? Money flows in the following order:

SPX —> GDX —> GDXJ —> SILJ —> explorers

-5% —> 100% —> 200%-300% —> 400% —> 1000%

These percentages are the returns that I expect for every type of investment in the precious metals bullrun.

SILJ

(Weekly)

We will need silj to break $12 first before any significant move will happen to silver juniors and then the explorers, but I suggest everyone to see this as the final buying opportunities before names will start popping up with 10% gains daily.

Thank you

I hope everyone enjoyed the weekly hot take and is fully prepared with expectations and levels. The miners are a strong BUY! Also don’t forget to vote in the poll at the start of this weekly hot take. If you liked this newsletter, I really appreciate some comments, likes (and retweets on twitter).

See you all next weekend for another weekly hot take and maybe by then a junior mining private group ;-)

Legal Disclaimer: The private group won’t be investing advice just a demonstration of what I do with my capital.