Tag: gold charts

Gold Sentiment Reaches 2012’s Lows

Gold Sentiment Reaches 2012’s Lows

More of the same unresolved and non-committal action out of the precious metals markets this past week. Once again gold has reached a junction which should provide us with a road-map for where gold is headed in the immediate future. One fork at this junction, the bullish fork, we’re looking at this as just Day 7 of a brand new Investor Cycle. If this were the path gold has taken, then gold must break $1,696 next week. But taking the bearish fork has us still in a 5th Daily Cycle, with multiple possibilities with regards to the actual Daily Cycle count.

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Gold Price – Friday January 4th Could Have Marked A Significant Cycle Low

Gold Price – Friday January 4th Could Have Marked A Significant Cycle Low

The week closed out with some truly amazing action, and to a large extent expected too. The amazing action was the $80 “tip to tip” decline in gold futures in just 24 hours; exactly the type of response I outlined would be expected if the primary Cycle count was still valid. There is more work ahead for gold and we all know gold has thrown more than one curve-ball and sucker-punch recently. But I’m quietly optimistic that Friday marked a significant turn for gold and in due time price action will support this “opinion”.

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Gold Is Trapping Bulls In Daily Cycle

Gold Is Trapping Bulls In Daily Cycle

The precious metals are not making it easy for investors here. Some are buying afraid of missing a rally, others wanting to but afraid to commit, while the rest want to see more evidence of a change in trend before trusting again. The author is in the 3rd camp, as the trend remains down. Until proven otherwise, more evidence is needed before getting long again.

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Gold & Silver: Opposing Forces Very Under-Rated

Gold & Silver: Opposing Forces Very Under-Rated

Everything you need to know is contained in the charts because they are based on truth. What truth? The ultimate decisions to buy or sell made by the collective forces of the marketplace. Anything else that does not get translated directly in the market is simply an opinion, of no factual value because the market only recognizes actual transactions. It does not take a crystal ball, nor a Seer to look ahead into 2013 and know, almost beyond a doubt that silver has its work cut out for the next several months, and one should be very careful when trading futures, while still buying the physical with impunity.

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Desperately Seeking A Gold Cycle Low

| December 20, 2012 | Articles: Gold Silver Prices
Desperately Seeking A Gold Cycle Low

A Dollar in decline, a 3 Year Cycle Top, and a “Dollar pummeling into the New Year” all sound wonderful for Gold. Ordinarily of course gold would be rocketing from here as the dollar collapses. For gold to drop this far while the dollar collapses is only masking the true severity of the precious metal decline. As for the gold Cycle, we officially have to contend with remarking our Cycles to better understand what the market is doing. Remember that Cycles are the true interpretation of what the asset has done, there is no ambiguity, a Cycle by its very definition can never be wrong. The fault lies with the […]

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Gold & Silver Price Charts At The Close Of November 2012

Gold & Silver Price Charts At The Close Of November 2012

The end of the month means chart review time. We’ve collected several charts with closing prices at the end of November 2012 and added a short commentary with each chart. Both gold and silver have been trading sideways in November. Gold has closed slightly below the 20 day moving average ($1722.97), lower than the 50 day moving average ($1738.92) and significantly higher than the 200 day moving average ($1665.75). Trading volume was average in November. We are nowhere close to momentum, in neither direction. Conditions are not overbought neither oversold. The picture is comparable in silver. Silver has closed higher (not lower) then the 20 day moving average ($32.83), slightly higher […]

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Gold & Silver Price Approaching Major Breakout Points

Gold & Silver Price Approaching Major Breakout Points

The following is a commentary by Jeb Handwerger, editor of the premium newsletter GoldStockTrades.com. Based on charts technicals, he explains how the gold and silver price, as well as platinum, are approaching strong resistance levels that date back to mid 2011. As those levels have been tested several times, there is a strong possibility that the prices will break through with the current attempt. If that’s to occur, the resulting momentum will cause a major breakout rally. Seasonals are favouring such a move. We are approaching the end of the year where investors are facing a confluence of mixed signals such as tax loss selling, fiscal cliff discussions, the Greek […]

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Gold Cycle Analysis: Consistent Bullish Outlook For Gold & Silver

| November 25, 2012 | Articles: Gold Silver Prices
Gold Cycle Analysis: Consistent Bullish Outlook For Gold & Silver

This is an exclusive excerpt from The Financial Tap, who offers a FREE 15-day trial with complete access to the entire site. This was exactly the pop out of Gold that I was looking for this week.  The Cycle timing and coiling action right under the $1,740 Swing Line was telling us to expect this move.  Almost every 1st Daily Cycle in a C-Wave has been Right Translated and gained more than 6%, so there was little reason to expect something different here. I’ve studied so many Gold Cycle patterns and this one fits the mold of all other bullish Cycles.  Gold loves to pause near important pivots, like Swing low/high marks and prior […]

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Dow Jones To Gold Price Ratio Near Decade Low

Dow Jones To Gold Price Ratio Near Decade Low

A couple of interesting things happened on the gold and silver charts on Friday 23 November 2012. First, the price of gold soared with one percent in a matter of minutes. Interestingly this happened right at the London PM Fix, a moment in the trading session that is generally marked by sudden drops. The silver price chart looks similar, only with a larger percentage gain. Silver has been leading gold higher, which is a sign of strength. What exactly was the trigger for the sharp price increase, remains speculation. It could be the failure of the European budget discussions, the US fiscal cliff worries as Peter Schiff pointed out or […]

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Gold And Silver Price Outperform General Equities For First Time Since 2011

Gold And Silver Price Outperform General Equities For First Time Since 2011

What should investors in the precious metals market do next after Obama’s win?  The way we see it is to wait for any initial reaction of pessimism to subside.  Precious metal devotees are a special breed that still must operate within basic rules of the game.  What is the market signaling to us? Immediately after Obama’s victory, there has been a selloff in the general market.  Note carefully that gold and silver has held up well despite a significant decline in the Dow Jones Industrial Average and S&P 500.  The market will do whatever it can to confuse, misdirect and obfuscate.  The recent decline in the S&P500 not only was […]

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Gold Cycle Analysis: Mining Shares Weak But Gold & Silver Bullion Strong

| November 17, 2012 | Articles: Gold Silver Stocks
Gold Cycle Analysis: Mining Shares Weak But Gold & Silver Bullion Strong

A remarkable event has taken place in the gold and silver markets in the past two days. It didn’t go unnoticed to anyone following these markets. The gold and silver mining shares have been sold off hard. The drop was out of proportion and did not reflect the actions in the stock market nor in the metals. The fact that the miners have been leading bullion up since August, raises the question if this marks a structural shift in the direction of the shares and the metals, or if both assets will start moving separately in the coming weeks and months. This article explains the answers on these questions based […]

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Corrections In Gold And Silver Could Provide Buying Opportunity Before Election

Corrections In Gold And Silver Could Provide Buying Opportunity Before Election

This article is written by our partner GoldStockTrades who offers a premium newsletter for more in-depth precious metals analysis and gold stock tips. We are experiencing a pullback in precious metals and mining stocks as investors react momentarily to a purported better than expected jobs report.  It is reported that the unemployment rate increased despite adding 171,000 new jobs. The numbers look abysmal.  However, the media reports that the economy is picking up and no more QE will be needed.  Hence, precious metals are hammered.  We have seen this before where investors are shaken out during corrections while the long term gold and silver players add more on pullbacks. Now […]

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$4,000 Gold! Yes, But When?

$4,000 Gold! Yes, But When?

There are hundreds of predictions for the price of gold. Some say it will crash to nearly $1,000, and others proclaim $3,000 by the end of 2012. The problem is that some predictions are only wishful thinking, others are obvious disinformation designed to scare investors away from gold, and many are not grounded in hard data and clear analysis. Other analysis is excellent, but both the process and analysis are difficult to understand. Is there an objective and rational method to project a future gold price that will make sense to most people? Yes, there is! I am not predicting a future price of gold or the date that gold will […]

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Cycle Counts – Gold

Cycle Counts – Gold

Now you know why I was “50-50” as per last weekend’s report; I was just never comfortable with that (Oct 24th – $1,698) Low holding up as an Investor Cycle Low.  There was just a lot of evidence out of my Cycle Analyzer that was telling me to be very cautious, that the retracement to date was just not deep enough.  So in reality what we have playing out here is essentially what I have been calling for since mid-October.  Some 5 weeks ago when the decline began, I pointed out that a move back below $1,680 would be a normal retracement and what to expect. We witnessed a trend-line break […]

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