I didn't move to cash because I was not comfortable with USD, simply that. I had shared many times years ago that I see dedollarisation accelerating with the second coming of Trump, and I am still standing by it. USD and USD based debts are no longer safe...

Gold and silver are now my preferred currencies. Although the risk of the raise in interest rates are real with the heightened inflation led by the rising oil price, the constant instability of the global economy and ever-changing war situation with US vs Iran makes precious metals a real safe haven group. Let me be clear. I never liked wars and I don't think this war is sustainable for both US and Iran. US, led by the delusional Trump, was misled by Israeli into an unnecessary war that neither could win without paying a big price with its citizens! Both sides know but they are too dumb to stand down...

The saving Grace, if there's such a thing in this war, is that it had kept US busy enough not to wage war elsewhere... or should I say stopped the Americans from robbing its neighbours... Venezuela 🇻🇪 is a prime example. Now, it's American protectorate, basically selling off its oil and putting all profits into US bank account with no transparency whatsoever.

Gold and its family of precious metals would do what it should do in these times of uncertainty.

Moving to the charts, there's a likelihood of bottom in both silver at $55 and its corresponding AGQ at $58. A possible inverse head and shoulders pattern might have been formed. "might" is the keyword. If it is true, from the primary charts, the targets for silver and AGQ are $69 and $100 respectively. To confirm this, we need silver and AGQ to hit $62 and $79 respectively as the primary uptrend target.

It's still early days. AGQ is good instrument when silver is moving quickly upward. It's not something to buy and forget. It may not for everyone, just sharing a choice I made... and a possibility I see... 

@Tiger_comments @Daily_Discussion @TigerStars