To The Moon

Having said that, after a couple of weeks, the charts in AGQ, silver and gold get progressively clearer. The threat of hitting the downside target of the current double top is diminishing by the day. From both the gold and silver charts below, especially those secondary charts, all indicators point to good support and reversal to the upside. The main charts also continue to stay above the uptrend line. More importantly, support seems to form around $49 for silver, sufficiently away from the double top's neckline. All of which indicates that there is a higher chance of breaking a new high rather than suffered a correction.

The new month to arrive next week would likely confirm the above observation. On the real action front, US government has just emerged from a long lockdown. However, plenty of uncertainty remains. Obviously, many market speculators are still hoping for a federal interest rate cut to kickstart the traditional year end Santa Claus 🎅 rally.

I have no idea which way US Fed would turn, but I am sensing the year-end rally will likely continue. I would however be very cautious with this year-end rally if it eventuals especially entering into the new year. This is after all a midterm election year for US 🇺🇸. Most midterm years don't perform as far as market is concerned. Market hates uncertainty and uncertainty always accompanied midterm elections.

Position accordingly and you will continue to rejoice in the next Christmas party 🥳! Overstay your welcome this Christmas party 🎈, you might find yourselves uninvited next year [Facepalm]  [Cry]  [Spurting]  [Tongue]  

@TigerStars @Daily_Discussion @CaptainTiger @Tiger_comments