Silver, after the FED said taper talk is a long way off

To all those who suggested the FED would consider tapering their balance sheet after Jackson Hole, we see how shallow your thinking is, the FED can never taper, ever!

Note: Unless of course they willing wish to adjust risk in assets lower (that is a crash dude). 

Today (2021-07-14) J Powell has moved away from 'transitory inflation' to 'inflation will persist' for several months and then moderate. In short the US is going to move into a period of stagflation, which is rising prices while growth stagnates. This means the US dollar will lose purchasing power and investors will be looking for purchasing power protectors like: Gold, Silver, Crypto. 


Gann Angles from the price of zero on the date of an important pivot low can signal price and time of critical points in price action in the future. The critical point may result in a break down or rally away of price. Example below.



Chart 1 - Silver is currently at a critical point, rally away, watching and waiting. (For members, the Gann Angle line below was draw with Trend line Degrees).

Chart 2 - Channels show support

Chart 3 - Re post of US dollar down cycle expected.

Original Post: https://ift.tt/3ehHNLa