Tag: chart analysis

Gold And Silver – Western World Is Upside Down

| June 21, 2014 | Category: Economy
Gold And Silver – Western World Is Upside Down

In a break from a thematic undertone to link to gold and silver, here are some ramblings that are more underpinnings to the core problems that have left people unfocused and dealing with symptoms, no matter how they may seemingly appear to be core issues.

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Silver Chart And Sentiment Show Potentially Very Sharp Rally

Silver Chart And Sentiment Show Potentially Very Sharp Rally

There is an extremely interesting development brewing in the silver market. Chances are high this will turn out bullish, although one should not exclude a bearish outcome. On the near term, two important indicators are flashing a potential key reversal, at least for the short and mid term. First, sentiment is at an important pivot point. Second, the long term chart seems to be accomplishing a multi year chart pattern. Let’s review both in this article.

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Gold And Silver Prices Enter Weak Month According To Seasonality

Gold And Silver Prices Enter Weak Month According To Seasonality

The statement in the title of this article is not meant to make a forecast or any forward looking statement. The point is that, based on seasonality, June is traditionally the weakest month of the year. The gold price, according to the seasonal pattern, is likely to hit the year’s bottom in the weeks ahead. Chances are high that a rally will ensue in the months ahead. Silver has a similar seasonal pattern till June. As of July, however, the rally has not been as strong as in gold.

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Gold and Silver Prices: Central Bank Manipulation, Chinese Accomodation, or Both?

| May 24, 2014 | Category: Price
Gold and Silver Prices: Central Bank Manipulation, Chinese Accomodation, or Both?

Whatever one chooses to believe, one still has to deal with the known facts, and what is factually known to date is that gold is at 1,300, [not 1,500, not 2,000, and certainly not 5,000 or 10,000 the ounce], and silver at 19, [not 26, not 50, and for sure, not 100 or 300 the ounce]. However corrupt or not reflective of the “real price” for precious metals, the charts continue to be the most commonly accepted measure, at least for now.

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Silver Is Inexpensive Says the Gold to Silver Ratio

Silver Is Inexpensive Says the Gold to Silver Ratio

Investor demand for silver bars and silver coins is strong and increasing. The High-Frequency Traders can suppress the price for only a limited amount of time. I think silver prices will be higher by the end of 2014 and much higher by the next US presidential election. The pieces of paper we mistakenly call money will become less valuable in the years ahead.

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Silver In The Dead Zone Of Disinterest

Silver In The Dead Zone Of Disinterest

I doubt another low in COMEX prices will occur (courtesy of the high-frequency traders) and my expectation is that silver prices will be higher by the end of 2014, and much higher in three years.

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Gold Price About To Break Higher Or Lower

Gold Price About To Break Higher Or Lower

The price of gold today started the night trading session with one of those typical sell orders, bring the yellow metal to its critical support level of $1,280 an ounce. Shortly after the New York trading session begun, gold spiked higher and touched $1,305 an ounce. That is a 2% spread on the day, from low to high. It is critical though, as the chart pattern indicates, that $1,270 – $1,280 is NOT breached.

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Gold And Silver Price – Rally Or Not? War Or Not? Probably Not For Both.

| May 10, 2014 | Category: Price
Gold And Silver Price – Rally Or Not? War Or Not? Probably Not For Both.

The purpose of this article, and recent ones on this topic, is how the prices for gold and silver will not be rallying significantly until the resolve of the devolving West plays out, or at least that of the increasingly dysfunctional de facto federal government, vastly different and distinct from the people living within the country. It is silly for anyone to lament over the higher prices paid for acquiring what gold and silver they have. Price is irrelevant.

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Is Copper About To Pull Silver Higher?

Is Copper About To Pull Silver Higher?

The combination of long term chart support (if it can hold of course) in both copper and silver, extreme silver short positions by technical funds, and relaxing of extreme copper short positions, could be a healthy mix for silver going forward. It is worth to following this up closely, but for now we consider this a positive for both metals.

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Is The Gold And Silver Miners Bear Market About To End?

Is The Gold And Silver Miners Bear Market About To End?

The analysis of the past twenty years of the Miners Index is showing that an important bottom has been printed in December 2013. The Miners Index’s symmetrical sequence and also the relation between the Miners and the 78.6 Fibonacci Number (both in Price and Time) are validating this major low.

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Silver Price Pushed Down 2.5% In 30 Minutes

Silver Price Pushed Down 2.5% In 30 Minutes

This morning, the price of silver took a dive of 2.5% in a matter of minutes. As the chart below shows, one 30 minute bar had a high $19.20 and low of $18.70. The chart shows that the price went down on very big volume. Apparently a big seller was in a hurry to move the price, as the price was pushed down to exactly the bottom. Meantime, the price has recovered.

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Gold And Silver – Gann, Cardnial Grand Cross, Mousetrap, And Wrong Expectations

| April 19, 2014 | Category: Price
Gold And Silver – Gann, Cardnial Grand Cross, Mousetrap, And Wrong Expectations

We see charts as the “improved mousetrap,” as it were, and superior as a tool for market timing over fundamentals, or any other similar undertaking, for relating to what and when to buy in the markets. Still, there are not that many converts who pay more attention to what the market is saying. The one thing we know for sure is, regardless of whatever one has in the form of expectations, they are always subordinate to the final arbiter over price, and that is the market itself. The best we can say about gold is that it may be transitioning from its protracted down trend. The signs that gold remains under pressure are still there, bearish spacing, lower swing highs, etc, and that means any buying has to be very select, or not at all, again, profit being the only objective.

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Gold, Silver And The Mining Sector: Prepare For A Severe Fall

| April 17, 2014 | Category: Price
Gold, Silver And The Mining Sector: Prepare For A Severe Fall

Gold’s progress was characterized by a sudden steepening of the curve leading to a final blow off when the price had gotten ahead of itself. We now need to see a similar occurrence take place during a sell off. However, this sell off, as torrid as it has been lacks that final spike down which occurs when even the most ardent bulls have had a guts full and finally throw the towel in. Gold and silver’s inability to sustain a decent rally suggests that it could re-visit and test its old June lows. Should this support fail to hold we could then experience a rather disorderly sell off taking gold back to the $1000/oz level.

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2014 Coud Be A Yawner For Gold And Silver; Be Prepared For A Weekend Surprise

| April 12, 2014 | Category: Price
2014 Coud Be A Yawner For Gold And Silver; Be Prepared For A Weekend Surprise

We could see a marking of time during which all of this continues to unfold. No one has a clue as to the how or to the when, which is why 2014 could be an extension of 2013. The way in which Obama keeps prodding Russia could precipitate an event that escalates out of control, just possibly, as an example. This is why we say to watch out for weekend surprises. When people least expect, and/or are in a position to least react, some kind of announcement could be made that devalues the fiat Federal Reserve Note, still wrongly called the “dollar.”

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