Simon (@sich8) header
Simon (@sich8) profile picture

It's true: Charts help to predict the future ~ “Untethered from Gold, the dollar floats on a sea of hope & guesswork”. Nothing here is financial advice 🇬🇧

UK
Joined June 2010
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I went Long after a new Weekly Cycle in #Gold was partially confirmed at 4337 on 11th August. There is zero reason to doubt this bullish move in #PM's. However, I doubt fresh ATH's will be seen before the 1st quarter of next year.
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🗞️ Press Release! 𝗔𝗯𝗿𝗮𝗦𝗶𝗹𝘃𝗲𝗿 𝗜𝗻𝘁𝗲𝗿𝘀𝗲𝗰𝘁𝘀 𝟳𝟱 𝗠𝗲𝘁𝗿𝗲𝘀 𝗼𝗳 𝟮.𝟰𝟰 𝗴/𝘁 𝗚𝗼𝗹𝗱 𝗮𝗻𝗱 𝟭𝟬𝟲 𝗴/𝘁 𝗦𝗶𝗹𝘃𝗲𝗿 𝗮𝘁 𝗢𝗰𝘂𝗹𝘁𝗼; 𝟮𝟱𝟯 𝗠𝗲𝘁𝗿𝗲𝘀 𝗼𝗳 𝟬.𝟱𝟰 𝗴/𝘁 𝗚𝗼𝗹𝗱 𝗮𝘁 𝗢𝗰𝘂𝗹𝘁𝗼 𝗘𝗮𝘀𝘁 𝘋𝘳𝘪𝘭𝘭𝘪𝘯𝘨 𝘊𝘰𝘯𝘧𝘪𝘳𝘮𝘴 𝘏𝘪𝘨𝘩-𝘎𝘳𝘢𝘥𝘦 𝘔𝘪𝘯𝘦𝘳𝘢𝘭𝘪𝘻𝘢𝘵𝘪𝘰𝘯 𝘞𝘪𝘵𝘩𝘪𝘯 𝘵𝘩𝘦 𝘗𝘭𝘢𝘯𝘯𝘦𝘥 𝘖𝘤𝘶𝘭𝘵𝘰 𝘗𝘪𝘵 𝘢𝘯𝘥 𝘌𝘹𝘵𝘦𝘯𝘥𝘴 𝘉𝘳𝘰𝘢𝘥 𝘖𝘹𝘪𝘥𝘦 𝘎𝘰𝘭𝘥 𝘡𝘰𝘯𝘦 𝘌𝘢𝘴𝘵 𝘛𝘰𝘸𝘢𝘳𝘥s 𝘖𝘤𝘶𝘭𝘵𝘰 𝘌𝘢𝘴𝘵 Highlights include: • 75.0 m @ 2.44 g/t Au & 106 g/t Ag, including 7.0 m @ 7.97 g/t Au • High-grade silver interval of 5.0 m @ 556 g/t Ag • 253.0 m @ 0.54 g/t Au, extending the broad oxide gold zone east toward Oculto East Three rigs active, with Phase VI drilling on track for completion by year-end. Read more:abrasilver.com/news-releases… $abra $ABRA.TO #silver #preciousmetals #commodities #argentina
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Gold's Weekly chart continues to be Bearish, but the end is coming into vision ;)
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Agreed Don; Can't really sideline Hecla at these prices. Tremendous stock to own for the next 5 yrs. Even better discounts are coming next month I expect & hope. That could well be the last chance to take advantage. Years away, people will be saying, "Damn it was such an obvious opportunity ".
It prints with 9-bagger potential at $7K gold and $200 silver. Hecla, Pan American, and First Majestic all have about the same upside and risk-reward. These are the 4 must-own silver stocks.
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Thanks @diepthaolong very gracious of you 🙏
I've been getting quite a few comments and DMs asking about my TA methods and seeking trading advice. Well, it's true that I'm doing pretty well in this market. But don't get me wrong, I'm by no means a seasoned trader with years of experience. I'm only a four-year-old trader, entirely self-taught and self-researched, having started from absolute zero. During my first year in the market, I made pretty much every stupid mistake imaginable. Then I came across @InvestingAngles His analytical approach really inspired me and had a huge influence on the way I analyze the market and think about trading. There's no secret sauce behind my TA methods. I simply use some of the most basic theories and indicators: 1 - Bressert Cycle: When I first started learning about trading, I had to piece things together myself from bits and pieces of information scattered across the internet. But if you're interested in learning about it, I'd recommend following @sich8 and @airlovsky . They're both excellent cycle analysts. 2 - Fibonacci: Everyone knows this one, right? But I'd still recommend reading this book: amzn.in/d/06RIqifh 3 - Elliott Wave: I've tried really hard to get the hang of this one, but honestly, it's still one of my weakest areas. I'd recommend reading this book: a.co/d/0dJIMC2D and following @Psibirskiy 4 - TSI 5 - RSI 6 - Bollinger Bands As you can see, there's nothing particularly sophisticated about any of this. These are all pretty basic tools and concepts. The real question is whether you truly understand them and, more importantly, whether you've learned how to make the most effective use of them.
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My current long term PM holdings, in rough value weighting are: SILG ABRA Avino GR Silver Vizsler Silver Platinum Group Metals Sibanye Stillwater Wheaton Precious Metals Luca Will be added to over the next 2 months ;)
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I rarely disagree with Kevin, certainly not going to here either. If we see a low at the end of December (expected ICL timing) in Gold, it could have dropped 40% by then from ATH's. That's a big chunk of gains to just catch back up again. That's not going to happen overnight.
To be precise, it should reach $200 before the 8 year cycle low in 2030. So maybe late next year...more likely 2028. It doesn't make too much difference though. Our long-term positions are fine and trades will be entered long, long before then.
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AbraSilver is pleased to be presenting at the Red Cloud Fall Mining Showcase 2026 in Toronto! 📅 Wednesday, October 28 🕘 9:20 AM ET 📍 Sovereign Ballroom – Presentation Room Register here: redcloudfs.com/fallminingsho… We look forward to sharing updates on AbraSilver and the exciting opportunities ahead. $abra $ABRA.TO #silver #preciousmetals #commodities #argentina
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Thanks tdrud, & good luck ;)
Replying to @sich8
Simon, have to say you did very well. I made a few stupid mistakes this year, but they would have been massively larger without you. So thank you very much for evertything, I'm a very happy subscriber.
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Full Daily, Weekly & Monthly PM charts, with Short trade concluded today: sich.substack.com/p/gold-clo…
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📈 Catch up with AbraSilver! President & CEO John Miniotis joined The KE Report to discuss our record-breaking drill results, valuation, and upcoming catalysts: 🔹 Record Gold Intercept at Oculto: Breaking down our standout drill hole (228m at 1.79 g/t Au) sitting below the current pit design and outside existing resources 🔹 Upcoming Catalysts: The upcoming Heap Leach PEA, ongoing Phase VI drilling with 3 active rigs, and the 2027 MRE update 🔹 Financing Strategy: Why management is prioritizing non-dilutive funding options (debt, streams, offtake, etc) and expanding our project execution team Watch the full interview on YouTube: 🔗 youtube.com/watch?v=ycsgz3zF… $abra $ABRA.TO #silver #preciousmetals #commodities #argentina
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I suggest there are 2 routes. 1. Join my 'standard' service at $25pm or $200pa, link in bio. 2. Read up - See the book list I have. (Next post). ~Or, even better, both 😉
Replying to @sich8
How could one learn the cycles? Do you mind sharing the resources?
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To a degree, I incorporate Bollinger Bands in my Cycles approach, which is kind of why I recommend 'Way of the turtle' ;)
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It's a system that works very effectively, and very profitably for me.
Replying to @sich8
More of this stupid cycle shit
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Yesterday likely marked a DCL in the USD index. I expect another Right Translated Cycle, therefore more concerted weakness should be expected in Precious Metals. The Weekly Cycle should top somewhere loosely around late December, coincidentally my expected ICL window for Gold.
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Simon retweeted
This is still my Monthly Gold chart view - Over the next 12+ months. I would expect some sort of low in November-December, where the Moving Averages and Bollingers will have closed up closer to price. A bullish start to 2027 😎
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Nothing like a Weekly #TLT Bollinger Band Crash. This is news...that is not news apparently?
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...and Bingo! Who called me a soothsayer? #TLT
The grim update for TLT...
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This is still my Monthly Gold chart view - Over the next 12+ months. I would expect some sort of low in November-December, where the Moving Averages and Bollingers will have closed up closer to price. A bullish start to 2027 😎
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USD Cycle Picture & How That Effects Gold: sich.substack.com/p/usd-some…
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Thanks BBN 😎
I do enjoy Simon's analysis. Highly recommended. #ECR #THX
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