Chris Kimble – Key Long Term Inflection Points For the USD and Gold
I’m happy to report that I have Chris Kimble, Founder and Editor of Kimble Charting Solutions back on the show! Chris has shared a handful of charts (all posted below in order we discuss in the interview) focused on some key infection points for the USD and gold. We good back decades looking at major trends that are being tested in both markets. Chris also shares his trading strategy for gold currently and how he will play it depending on 2 different outcomes.
Click here to visit the Kimble Charting Solutions website to follow along with Chris’s charts.
At minimum, I’m Iooking for this gap fill for Newmont during October run.
SILJ:GDX is up 22% since bottoming in July and is now at its highest level since January. Of course the clear message of that performance has been completely lost on the confused/scared/angry bears.
https://stockcharts.com/h-sc/ui?s=SILJ%3AGDX&p=D&yr=1&mn=6&dy=0&id=p20480426274&a=1264227833
True but I’m still down on my silver miners (ie paas) I added a little during this rout .. but it pays dividend and a solid company. I added to my Barrick position ( those boring stock ends up making more for me) NEM, AEM, GOLD are my primary holdings.
My point was that the bears shouldn’t be extrapolating bad times linearly and permanently into the future as they have been.
The big picture has been setting up much more bullishly than they realize but it’s perfectly understandable that their short term focus would cause them great stress.
Couldn’t agree more. We could be setting up for 2016 kind of run in PM and mining equities.
This quarter has good potential to become a big one for silver bulls.
https://stockcharts.com/h-sc/ui?s=%24SILVER&p=Q&yr=45&mn=0&dy=0&id=t1207063753c&a=1246870526&r=1665084395297&cmd=print
Hi Matthew, finally my Santacruz Silver has passed my buy point. I know, I know, sometimes I wonder what motivates John Q investor, you just get the feeling that we will start moving ahead and out comes The Whack-A-Moley hammer. LOL! DT
After pulling back more than 5% from Tuesday’s high SILJ:SPY now looks ready to fly…..
https://stockcharts.com/h-sc/ui?s=SILJ%3ASPY&p=D&yr=1&mn=7&dy=0&id=p29599376748&a=1261790219
with latest addition out of nem jan 45 calls at 4 in at 2.50. Good enough. will hold rest latest additions.
Let’s see where this thing goes.
This turd will have it’s day Lol
https://stockcharts.com/h-sc/ui?s=THM&p=M&yr=20&mn=1&dy=0&id=p63786299326&a=1264685698&r=1665080538769&cmd=print