Tag: chart analysis

9 Exciting Gold And Money Charts

9 Exciting Gold And Money Charts

Historically the month of March is not very ‘gold-friendly’. April and May are more conducive to providing a rally. The first chart is courtesy Seasonalcharts.com. The March pullback came on schedule and appears ready to turn into a rally.

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Power Of Elites Influences Gold And Silver Price More Than China’s Gold

| April 6, 2014 | Category: Price
Power Of Elites Influences Gold And Silver Price More Than China’s Gold

Consequently, do not expect China to be a catalyst for establishing a gold-backed currency. It serves China best to allow the West to maintain its duplicitous control over gold and silver. With no country in a hurry to have a gold-backed currency, one of the biggest factors for seeing the price of gold sky-rocket is off the table. This factor is far more significant than all the demand statistics paraded each week by PM writers.

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Gold Price Projection by the Golden Ratio

Gold Price Projection by the Golden Ratio

The Golden Ratio has accurately predicted all the Gold major turning points these last thirty years and it seems reliable for making future projections. It is one of the techniques that can be used but the most important is to understand the structure and the rhythm of the market to forecast future developments not only in terms of the dimension of Price but also of the dimension of Time. In order to gain superior returns, it is essential to study the history of the market and to follow the price action.

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Gold And Silver Could Be In Trouble

| March 24, 2014 | Category: Price
Gold And Silver Could Be In Trouble

Up until today I was open to the idea that Gold has bottomed but if we don`t find support on near the daily RSI on gold then I think we`re heading back to the lows. It`s too early to make that conclusion as Gold will at least have an attempt to take our recent highs and if it fails there then it`s going to be tough for gold traders. If it breaks and closes above that level then this will likely trade up to the $1400-1460 range before any meaningful resistance.

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Experts Still Wrong About Strong Upside Movement In Gold And Silver

| March 22, 2014 | Category: Price
Experts Still Wrong About Strong Upside Movement In Gold And Silver

Amidst the sometimes “wildly” bullish attitudes toward gold, from a number of experts, so-called or self-professed, gold has not made any strong inroads on the weekly chart, a time frame more indicative of overall stronger buyers and sellers.

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Watch Fed’s Fiat “Dollar” More Closely For Clues About Gold and Silver Prices

| March 15, 2014 | Category: Price
Watch Fed’s Fiat “Dollar” More Closely For Clues About Gold and Silver Prices

Those who own physical gold and silver are doing the right thing and positioning themselves to at least have more choices as the corrupt federal government continues along its path of financial destruction. Just keep buying, when and as one can, and never let go of them from a lack of confidence. A key to watch more closely is the fiat “dollar.” It seems to be weakening, and that is the unyielding intent from China, Russia, parts of the Middle East, remaining BRICS nations, and eventually even turncoat partners like Great Britain and Germany.

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Dollar Weakness Is Providing Strong Support In Gold Market

| March 13, 2014 | Category: Price
Dollar Weakness Is Providing Strong Support In Gold Market

In his latest analysis of the markets, professional trader Dan Norcini describes his observations related to the dollar and gold. The most striking observation in today’s market was the weakening of the US Dollar, not being able to gather safe haven buying in the midst of a deteriorating crisis in Ukraine. That is in sharp contrast to the traditional safe haven currency during times of financial or geopolitical crises, as evidenced in the last years. The winner? Gold!

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Gold Price Shows Three Patterns In Last 14 Years

| March 11, 2014 | Category: Price
Gold Price Shows Three Patterns In Last 14 Years

The chart of gold prices since the year 2000 (log scale) shows a “megaphone pattern” of higher lows and higher highs. Currently the gold price is near the bottom of the exponentially up-trending pattern. Short term prices could rise or fall a little from here, but gold prices should be much higher in 2015 and 2016. Gold is for savings and investing, not trading. Dollars buy groceries while gold buys safety, insurance and peace of mind.

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Palladium Near Its Highest Level in Almost a Year

Palladium Near Its Highest Level in Almost a Year

As a general rule of thumb, we all know that fundamentals are not always reflected in the charts. It mostly takes some time until the price follows fundamentals. For palladium in particular, there is a very high probability that its chart starts reflecting the strong supply/demand fundamentals.

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Gold and Silver Market Activity Will Always Trump News and Fundamentals

| March 8, 2014 | Category: Price
Gold and Silver Market Activity Will Always Trump News and Fundamentals

There is something going on in the gold and silver market, and it is difficult to ascertain exactly what it is. Perhaps it can best be described as a change in market behavior that may be defining a potential change in trend. 2014 is now THE year for the “big breakout.” It has to be presented as such because calling 2013 the big year will no longer work.

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Gold Almost Back In Long Term Trendline

Gold Almost Back In Long Term Trendline

The chart shows the trend in a range based on a 95% prediction band. The stand-out feature on the chart is how gold remained within the range for the past 10 year for most of the time. The two exceptions were gold’s peak in the summer of 2011 and the collapse in 2013. Gold is close to entering the long term trendline.

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Silver Could Be The Tipping Point While Gold And China Get All Attention

| February 23, 2014 | Category: Investing
Silver Could Be The Tipping Point While Gold And China Get All Attention

No matter what phase a market is in, there will always be set-up opportunities that offer limited risk and a higher probability for a successful outcome, and that will also happen for gold and silver. As ongoing buyers of the physical, we are not too concerned about missing a rally or two in a down trending paper market. It is critical to know that one should always make decisions about the reality of a current market and not what one may think will happen in any given market.

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Precious Metals: A Pressure Cooker

| February 22, 2014 | Category: Price
Precious Metals: A Pressure Cooker

As we noted two weeks ago, precious metals and miners are all simultaneously at a rarely seen juncture on the price charts. The situation has evolved meantime and it feels like an enormous pressure cooker. In this update, we show the latest charts at the close of the week. It appears that gold and silver are right above their important 200 day moving average, while platinum and palladium are at a major technical resistance ready to trend (break out or break down).

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Silver Price Breaking Out And Moving To $26

| February 14, 2014 | Category: Price
Silver Price Breaking Out And Moving To $26

The advance on the daily Silver chart has completed an 11-week rectangle bottom. This is the first significant bullish signal in Silver since the advances in September 2010 and February 2011. The pattern target on the daily chart is 22.00 — a price already being approached. Further targets are possible, including the August 2013 high at 25.12 and the 2011 and 2012 lows at 26.15.

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