Tag: chart analysis

Gold And Silver – Only Votes Cast In Elections Count, Same For Markets

| August 10, 2013 | Category: Price
Gold And Silver – Only Votes Cast In Elections Count, Same For Markets

What was explained on the gold weekly chart applies equally to silver. Of late, silver has shown better relative strength over gold. The level of where support shows in silver is stronger than gold, but the overall chart pattern for gold is stronger than that of silver. New lows remain a possibility, but the probability of that event grows smaller. As noted on the chart, this is silver’s best close in 8 weeks, telling us buyers successively absorbed sellers over that time span.

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The 2 Most Important Charts You Will Likely See Today

| August 9, 2013 | Category: Price
The 2 Most Important Charts You Will Likely See Today

Featured is the weekly gold chart, with the US dollar at the top. The second chart represents the amount of gold bullion at the COMEX that is registered and available for delivery, currently 935,000 ounces – the lowest amount in at least five years.

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Contrary To Popular Belief, Paper Is The Bellwether For Near-Term Precious Metals.

| August 3, 2013 | Category: Price
Contrary To Popular Belief, Paper Is The Bellwether For Near-Term Precious Metals.

Weekly trend remains down. There was evidence of a potential upside breakout rally, two weeks ago, but no follow-through. It is possible last week was a supporting retest, but that will have to be confirmed by higher prices in the week coming, or gold will continue to languish in its paper malaise.

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Silver – A Change In Behavior. Enough For A Bottom?

| July 29, 2013 | Category: Price
Silver – A Change In Behavior. Enough For A Bottom?

With this editorial, we turn to the charts, ignoring the fundamentals, all the news. All we need to know has already been “priced in.” Everything else is an expectation based on news and fundamentals, and they do not always go hand-in-hand with market reality. The best example we can cite is where price expectations are/have been within the precious metals community, $50, $150, $300, and where the reality of price is, by sharp contrast, just under $20.

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Gold And Silver – Newton’s 3d Law Ready To [Over]React. Be Prepared.

| July 27, 2013 | Category: Price
Gold And Silver – Newton’s 3d Law Ready To [Over]React. Be Prepared.

Do not play Russian roulette with the timing of your purchases, anymore. In fact, the Russians, [and the Chinese, and the Indians, and the Turks, and the Arabs] have been the willing beneficiaries of this blatantly stupid move by Western central bankers to scare people away from owning physical precious metals.

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Late Session Surge in Gold Conquers 50 Day Moving Average

| July 23, 2013 | Category: Price
Late Session Surge in Gold Conquers 50 Day Moving Average

Throughout most of the session day, gold was consolidating its recent gains. There was some chatter that some physical market demand, notably out of China, had eased off and that had some short-term oriented longs booking profits after realizing some nice gains. That selling, combined with some fresh short selling was serving to hold the metal in check throughout most of the session. Late in the day however, as the mining stocks caught another gust of wind higher, the metal surged upward breaking the 50 day moving average.

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When [?] Gold And Silver Bottom Is Irrelevant To Your Financial Health

When [?] Gold And Silver Bottom Is Irrelevant To Your Financial Health

There is no evidence of a change in trend. The gold and silver price can still go lower, possibly move sideways, and have occasional rallies, a natural feature of all bear markets. Know that it takes time to turn a trend around. If you keep a focus on what the intrinsic value of gold and silver offer, [rights, title, interest], you may feel less pressure to have price turn around to the upside and more secure in your holdings. At current low prices, opportunity is so ripe.

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Gold – Some Chart Analysis

| July 14, 2013 | Category: Trading
Gold – Some Chart Analysis

In light of the recent apparent reversal by Fed Chairman Ben Bernanke when it comes to the timeline for any TAPERING of the Fed’s Bond Buying program, I felt it might be a good idea to take a look at where gold stands on the technical price charts. From a pure chart perspective, the current move higher in gold is nothing more than a rally in an ongoing bear market. Remember, a market can end a trend without necessarily beginning a new trend in the opposite direction right away.

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Silver – The Precious Metals Bellweather? Possibly!

| July 8, 2013 | Category: Price
Silver – The Precious Metals Bellweather? Possibly!

It appears that silver is at a potential bottoming area, and very close attention to how price develops from today forward may provide key information from which one can profit. To start, everything in a chart is potential until it is confirmed. The adjective bottoming, as in ongoing, is used because a bottom of any market is a process. It does not happen in just one day, and it can sometimes take several months to reverse a down trend. Always keep that in mind, and let the market prove itself to prevent needless risk exposure for those insisting to be first.

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Gold And Silver – It Is Silver Sending A Message.

| July 6, 2013 | Category: Price
Gold And Silver – It Is Silver Sending A Message.

When will this bear market in PMs turn around? When it does, and not a moment before. This is not some flip answer, it just happens to be the way all bear markets end: when they do. We have seen calls for a turnaround for several weeks now, none of which have been even close.

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Gold Has A New Daily Up Cycle In Place

| July 3, 2013 | Category: Price
Gold Has A New Daily Up Cycle In Place

Friday’s powerful reversal has me convinced that a new Daily Cycle is born. Based on the depths of this DCL it’s only natural to expect a decent (at least counter-trend) rally back up to the declining trend-line. But that’s about the extent of the “high probability” trade that I’m willing to predict. We can’t argue with the fact that this bear market remains in effect until proven otherwise, and therefore a rejection at that declining trend-line ($1,330 area) is a very reasonable expectation.

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Gold And Silver – Greater Certainty Is Found In Charts

| June 15, 2013 | Category: Price
Gold And Silver – Greater Certainty Is Found In Charts

We can assert the trend is down because of lower lows and lower highs. What can be seen, at this point, is a very small range, so far, following a small range in May that closed poorly. What we know for certain is that the downtrend has not yet changed, so lower prices can be expected. We may hold an opinion that gold will ultimately be considerably higher in value, but there is no confirmation that price has begun to rally.

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Gold & Silver – Reality Does Not Matter. Potemkin COMEX Does.

| June 8, 2013 | Category: Price
Gold & Silver – Reality Does Not Matter. Potemkin COMEX Does.

Even though the weekly gold price looks weak, one should not take anything for granted. The daily gold price chart is more interesting, and it may be the best barometer for what to expect, moving forward. You can see the difference in the price distance. Are we getting a market clue that sellers are running out of effort?

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Gold & Silver Price – Monthly, Weekly, Daily Closes. The Story.

| June 1, 2013 | Category: Price
Gold & Silver Price – Monthly, Weekly, Daily Closes. The Story.

We hold that the higher time frame charts are more controlling than lower time frames. The month of May had a smaller range on increased volume. What this says is that the buyers were meeting the effort of the sellers, preventing the range from extending lower. The close, about mid-range the month, confirms this observation. That would be the qualified good news.

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