Tag: chart analysis

Gold And Silver Charts Going Into 2015: Expect More Of The Same

| January 3, 2015 | Category: Price
Gold And Silver Charts Going Into 2015: Expect More Of The Same

Given the wealth of stories available, we choose to focus on the most compelling one as told by the charts. Keep in mind, when we say charts, they are a reflection of developing market activity that tells the most accurate and current story. It is not a promising one, as of the end of the year and heading into 2015, but it is reality, and to expect anything else will lead to the same disappointments of 2013 and 2014. Forget the ego-driven predictions that have all proven wrong again and again, and deal with what is.

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Remarkable Action on Dollar and Gold Charts

| December 19, 2014 | Category: Price
Remarkable Action on Dollar and Gold Charts

Sean Brodrick rightfully observes on his blog a remarkable action in both the US dollar chart (as tracked by the UUP fund) and the gold chart (as tracked by GLD). The chart below shows the dollar and right below both dollar and gold. In particular, the rising dollar comes with a stable gold price, which is not the most regular pattern. It is a positive for gold though.

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Gold Price Chart Shows Potential Of A Triple Bottom

| December 13, 2014 | Category: Price
Gold Price Chart Shows Potential Of A Triple Bottom

This is a short article with some observations on the daily and weekly gold charts. After dropping below important support, gold rallied back above it. Gold has also recently broken above a declining tops line. The weekly chart shows the bear trap and suggests the bullish dynamics of a triple bottom.

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Wall Street, aka United States, Pulls Off Another Destructive Coup

| December 13, 2014 | Category: Investing
Wall Street, aka United States, Pulls Off Another Destructive Coup

US banks are telling depositors that they will be assessed a fee for keeping deposits in banks. The banking system as it was initially set up in this country no longer exists. It used to be said of gold by bankers [and still is], that it does not pay any interest. Well, with certain banks, that now holds true for “cash.” how does this relate to silver and gold? Neither have any counter-party risk. An ounce of gold or silver will always be the same ounce.

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Gold-Backed Currency? Not Any Time Soon Based On The Trends, But Be Prepared.

Gold-Backed Currency? Not Any Time Soon Based On The Trends, But Be Prepared.

Most trend bottoms have a certain look about them, and weekly silver does not fit any pattern with which we are familiar. It could be the result of central bank artificial manipulation as opposed to the natural forces of supply and demand. If it turns out to be the bottom, fine, but for now, there is no confirmation either way. What we know for certain is that every bottom undergoes a process of retesting, with none yet apparent.

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Could Gold Surprise Us All?

| December 4, 2014 | Category: Price
Could Gold Surprise Us All?

Consider the fact that Gold has failed to break down below $1,200 properly on back of very negative news, where Swiss Referendum has voted no to Gold backing. Many great investors, such as Marc Faber, who taught me throughout my career that when an asset fails to break lower on very negative news, it is a sign that a major reversal in trend could be in the cards. Instead of the Gold falling to lower lows, price has recently shown that sellers have potentially exhausted themselves. Could we see a breakout, instead of a group-think breakdown, from the wedge seen in the chart?

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Metals Look Bullish As Evidenced By Gold to Silver Ratio

| December 3, 2014 | Category: Price
Metals Look Bullish As Evidenced By Gold to Silver Ratio

Adding evidence to the bullish case, is the magnitude of how oversold Silver became. On Monday Asian trading hours, Silver was being dumped so quickly that it reached 80 on the ratio between it and Gold in matter of hours. This level isn’t a magic by any means, but has usually been some kind of a historic floor and good buying spot. We have seen major bottoms at this ratio level in 1986, 2001, 2008 and maybe even currently (in early 1990s ratio widen even more).

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For Elites, All The World’s A Stage, Including China And Russia

For Elites, All The World’s A Stage, Including China And Russia

China and Russia, or maybe only China with Russia relegated to a lesser important role than might be expected, are but players on the elite’s stage, and make no mistake, the moneychangers remain in full control if SDRs are to become the new world currency. The rest of us remain bit players of no consequence on that stage, other than to serve and toil for the elite rent seeking directors behind the scenes.

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Gold And Silver Price, Crude Oil and S&P Ending Large Wedge Patterns

| November 17, 2014 | Category: Price
Gold And Silver Price, Crude Oil and S&P Ending Large Wedge Patterns

Gold and silver look like they have bottomed – again. Perhaps this time it will be a real bottom instead of another fake-out like December 2013 and June 2014. Crude oil has crashed by about 30% in the last five months. The charts show what could be an important bottom. One would think that increasing conflicts in Iraq and the Ukraine would support oil prices. The S&P 500 Index has powered higher for 5 years with only minor corrections. The “Greenspan/Bernanke/Yellen Put” has levitated the market to a very high level. It looks like a danger zone to me.

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A Change Underway In The Suppressed Gold And Silver Down Trend?

| November 15, 2014 | Category: Price
A Change Underway In The Suppressed Gold And Silver Down Trend?

You can see how the general level of volume has picked up in the month of November. The fact that the volume increase is occurring at the lows, if they hold, usually indicates a change from weak hands into strong. Keep in mind, it takes time to turn around a trend, and the down trend can change into a sideways move before an up trend occurs, so patience has merit for not “jumping the gun,” which often means a false start. Gold has dropped 770 dollars from its highs. A rally of 55 dollars should not be viewed as game-changing.

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The Dow Jones To Gold Ratio: Will 2015 Be The Turning Point?

| November 11, 2014 | Category: Price
The Dow Jones To Gold Ratio: Will 2015 Be The Turning Point?

The Dow Jones to Gold ratio had moved to a low of 6:1 in 2011. Since then, the stock market has been going north relentlessly while gold started a downtrend which lasts 3 years meantime. The current Dow Jones to Gold ratio stands at 15:1, its highest level in since 2007. As the Dow is now at all time highs and gold looks to be looking for bottom, there is a real chance that the ratio is about to turn. If history is about to repeat, the Dow to Gold ratio should continue its downward trend to its lows similar to the 1:1 ratio as in 1980.

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Silver to S&P 500 Ratio Suggests A Silver Price Rebound

| November 10, 2014 | Category: Investing
Silver to S&P 500 Ratio Suggests A Silver Price Rebound

Based on Friday’s upticks, last week may have been the turning point for silver prices and the silver to S&P ratio. Or perhaps the S&P will continue reaching for the sky even though QE is supposedly diminishing, while silver prices drop further below the cost of production. Both seem unlikely but we shall see. What is clear is that silver and gold are currently selling at bargain prices and the S&P is selling at very high prices. If the silver market has finally found a bottom then silver is – right now – an excellent investment, financial insurance, and protection for your purchasing power and savings.

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Gold And Silver Monthly Charts: Elite Supernova Death Dance In Precious Metals?

| November 1, 2014 | Category: Investing
Gold And Silver Monthly Charts: Elite Supernova Death Dance In Precious Metals?

Last Thursday and Friday are signs of panic selling, based on the sharp increase in volume at the lows. That the sharp increase occurred at the lows tells us strong hands are in the market taking whatever sellers have to offer. It is too soon to assess if last week is a sign of bottoming activity, but the level of volume is an important tell. As an aside, the gold/silver ratio is just over 72:1, and this favors buying silver over gold on the premise that the ratio will come in at some point in the future. It says that at some point, silver will out perform gold.

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Respect The Gold And Silver Price Trend But Prepare For A Reversal

| October 25, 2014 | Category: Price
Respect The Gold And Silver Price Trend But Prepare For A Reversal

Given the position for gold, near its lows, the likelihood of support holding above a 50% retracement, the 1219-1220 area, is not in keeping with the character of a down trending market. For sure, buying rallies, expecting yet a higher rally has not worked in gold, to which we can attest from a few trades some time back. Time is on the side of longs who are best served being on the sidelines, for now.

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