Tag: chart analysis

Gold Price Chart Offers a Glimmer of Hope

Gold Price Chart Offers a Glimmer of Hope

Friday’s rebound looked ever-so-slightly promising, since it followed a moderate selloff that did not quite achieve its ‘D’ target, 1064.00. Now, if bulls can push this erstwhile cinder block above the two peaks shown, it would generate an impulse leg with enough vigor, perhaps, to power a rally into week’s end. The burden of proof will remain on bulls nonetheless, and it should be noted that the last such impulse leg, in mid-June, sputtered out almost immediately, giving way to a $125 decline.

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Gold And Silver – The US Dollar Does Not Exist

Gold And Silver – The US Dollar Does Not Exist

Despite another so-called “smash down” of gold and silver, having an awareness of the direction of the trend, as we have been advocating for the past few years, one cannot be surprised by the drop as much as one can be verily surprised by the extent to which the central bankers have had such a relentless stranglehold on gold and silver, and it appears that they have not yet finished playing their manipulated hand.

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Gold an Inch from a Very Key Support

| July 20, 2015 | Category: Price
Gold an Inch from a Very Key Support

Sellers effortlessly demolished the sturdy-looking Hidden Pivot support at 1135.00 that we’d been using as a minimum downside target. This augurs more weakness over the near term, presumably to the 1125.20 target shown. A tradable bounce is very likely, since, as you may recall, it coincides with a very major Hidden Pivot support that comes from the monthly chart. I’ve drum-rolled this target before, since its decisive breach would portend more slippage to a least 917.30, and possibly to 817.50, the number I’ve been using as a worst-case low for the bear market begun in the fall of 2011.

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Gold And Silver – Without Either, You Will Be Greeced.

Gold And Silver – Without Either, You Will Be Greeced.

The price for gold and silver is being artificially and purposefully suppressed by central bankers. The Western world is falling apart at the fiat financial seams, and those in control will resort to whatever means necessary to remain in control, evidenced by the unending proxy wars and Middle East disruptions started by the US. A Third World War cannot be taken out of the equation as the bankers are scrambling for their greedy lives, stealing as much wealth from people as possible.

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Gold, Silver, Equities: Secular Megaphone Patterns

Gold, Silver, Equities:  Secular Megaphone Patterns

Prices for gold, silver, crude oil, other commodities, and equities are exponentially increasing in the long term. Debt and money supply have increased exponentially and have driven prices much higher. Equities benefit for years and then commodity prices benefit for years. Higher gold, silver, and crude oil prices are coming. Lower prices for bonds and equities are coming.

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Silver Price Down 4.5 Pct: Exhaustion Selling Or Capitulation Coming?

Silver Price Down 4.5 Pct: Exhaustion Selling Or Capitulation Coming?

The price of silver was down 4.5% today. The worrisome fact for silver bulls is the extremely high volume associated with the price decline. The chart below shows the nasty sell off and its volume in the blue rectangle. The key question is whether this is exhaustion selling, or the start of capitulation.

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Gold And Silver At Make Or Break Level

Gold And Silver At Make Or Break Level

We cannot remember having seen so many markets at critical points simultaneously. It is truly astonishing. Scary movie or turning points? Gold, the monetary commodity, has also arrived at a critical point. Although the triangle on its chart goes back to 2008, slightly less impressive than copper, it also tells us it is make or break time.

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Gold And Silver Price: Monthly And Quarterly Ending Analysis

| July 1, 2015 | Category: Price
Gold And Silver Price: Monthly And Quarterly Ending Analysis

Looking at the Qtr closing for 30 June, the range is small, directionless, and just think of the news events that have transpired each day, each week, each month, so much bad news, so much negativity, world stress, etc. If you knew nothing about the news and just looked at the small range, you would surmise that all must be tranquil in the world to have so little impact on price for the past 3 months. For now, buyers have not yet met the burden for a change in trend. At the same time, sellers are at risk of losing control to the buyers is the sellers cannot move price lower and keep it lower.

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Precious Metals 3 Choices: Sell, Hold, Hold and Add. A Trading Treatise.

Precious Metals 3 Choices: Sell, Hold, Hold and Add. A Trading Treatise.

What is the trend? Down. Who cares if it looks like a great buy opportunity? Who cares if it is oversold? It does not have to go higher from a certain level. Ask how many thought gold and silver could not go lower three years ago, two years ago, a year ago, a month ago? Anyone buying had the weight of market momentum going against them and the greater likelihood of taking a loss. Was it the market’s fault for those making a bad decision to buy in a down trend?

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Will Silver’s Quintuple Bottom Hold ?

Will Silver’s Quintuple Bottom Hold ?

Given the large open interest in COMEX silver, a “false breakout” would invalidate that view. The pivot price is $16.50. Any sustained move above or below that price will determine the next cycle. It is almost impossible to predict in which direction it will go. What we do know, however, is that it will be explosive.

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What Charts Are Telling About The Gold And Silver Price Direction

| June 13, 2015 | Category: Price
What Charts Are Telling About The Gold And Silver Price Direction

We see the daily gold chart amplifying the odds for a rally next week. The first seven trading days in June had the highest volume, the greatest selling effort, all but one of the trading days were red. Typically, smart money [controlling interests], sells highs where you would expect to see selling volume greater. When volume is noticeably higher at a swing low, it would be smart money doing the buying and the public selling their longs at lower prices before they [may or may not] go lower.

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Gold And Silver Price: Too Many Are Still Getting It Wrong

| June 6, 2015 | Category: Price
Gold And Silver Price: Too Many Are Still Getting It Wrong

We [collectively], do not need to know if the swing bottom is in, or not. The market will give confirmation once a bottom is determined to be final. Buying after a bottom has been confirmed will mean buying at prices higher than the actual bottom, but one can be much more secure in positioning, once the trend has been confirmed as changed. Just ask all of the bottom pickers over the last 4 years how they have been faring in not waiting for that confirmation.

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Gold’s $817 Target By No Means A Done Deal

Gold’s $817 Target By No Means A Done Deal

I’ve been using an $817 target for Comex Gold since September 2013. If the futures were to fall to that price, it would represent a 32% decline from current levels of around $1193 and a 57% decline from the all-time high of $1920 achieved in September 2011. A fall to $817 is by no means a done deal, however.

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Metals Complex: Every Which Way but Up

Metals Complex: Every Which Way but Up

Gold is unresolved but weak. Silver looks neutral. Aluminum is poised to reverse the base. Copper is retreating from major resistance. Platinum poised to break down. Palladium is neutral.

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