Tag: silver charts

Silver and S&P Similarities – Tops and Bottoms

Silver and S&P Similarities – Tops and Bottoms

Examine the 30 year log scale chart of the S&P 500. What I see:   Tops occurred about every seven years. Tops were usually rounded, followed by intense drops. Tops were approximately Aug. 1987, Jan. 1994, March 2000, Oct. 2007, and May 2015. Once the S&P broke below the red up-trending support lines in 2000, 2007, and (probably) in 2015, the rally was over and large corrections occurred. The next large move in the S&P looks like it should be, based on history, a substantial correction to the 600 – 1,400 range. Other Considerations: Federal Reserve easy money has helped create the last six years of S&P rally. The Fed […]

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Silver: Until Paper Currencies Stop Losing Value

Silver: Until Paper Currencies Stop Losing Value

Alasdair McLeod wrote an excellent article in which he said, “So if anyone asks you when you might take your profits in gold and silver, smile sweetly and just say, ‘When paper money stops losing its value.’” When will paper money stop losing its value? I submit that unbacked fiat paper money will, based on history, never stop losing value – as long as it is backed by dodgy sovereign debt issued by governments descending deeper into debt ever year. A viable alternative is currency backed by gold and silver, but even though precious metals have been used successfully as money for centuries, there is far more profit for TPTB […]

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Technical Picture In Precious Metals And Miners Based On Andrews Pitchforks

Technical Picture In Precious Metals And Miners Based On Andrews Pitchforks

The precious metals and the mining stocks remain in a long-term downtrend. We may be seeing the beginning of a new bull phase but caution is warranted. The sector became overbought in recent weeks and we are seeing a pullback. Price will show us where it wants to go next as the current decline plays out and finds support. If you are accumulating on weakness stick with the relative strength leaders.

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Chart Analysis – Gold And Silver Price Trending Lower Until Demand Returns

| October 4, 2014 | Category: Price
Chart Analysis – Gold And Silver Price Trending Lower Until Demand Returns

The breaking of support in September is a narrower range bar relative to a similar break of support in the 2nd Q, six bars from the right on the Qtrly chart. Irrespective of where price may find support, the developing market activity shows no sign of bottoming, and the trend will not change until a bottom forms. Time-wise, this does not argue for a near-term turn from down to at least sideways, before going higher.

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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 & Silver – Increased Odds For A Rally, Clock Is Ticking

Gold & Silver – Increased Odds For A Rally, Clock Is Ticking

Based on the tape, [in chart form], precious metals appear postured for a rally. To what degree is unknown, but current developing market activity favors one. Silver continues to outperform gold. The monthly, weekly and daily price charts reveal very interesting and valuable information.

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Market Says Decline Not Over, Silver More Pivotal Than Gold

Market Says Decline Not Over, Silver More Pivotal Than Gold

Developing market activity is the best and most reliable source for market information. All you have to do is follow what the activity is saying, and you will have the clearest idea of where the market is headed. Near term, the market says the current decline is far from over. Our downside target of $1600 gold has been exceeded, while the $28 target for silver has not been met.

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Gold Silver Price Decline Not Over – Monitor Markets For Turnaround

Gold Silver Price Decline Not Over – Monitor Markets For Turnaround

We often make a distinction between buyers of physical precious metals, and buyers of futures, exhorting the former to buy with impunity, and some may see that as cavalier, given how the price for both gold and silver have been in recent decline. The larger picture for gold is as bullish as ever. We provide two strong facts to confirm why, on the monthly chart.

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Gold, Silver And Money Near Crunch Time

Gold, Silver And Money Near Crunch Time

Money is the barometer of a society’s virtue. Money is so noble a medium that does not compete with guns and it does not make terms with brutality. It will not permit a country to survive as half-property, half-loot. Money is near crunch time. Looking at the charts, gold and silver are also nearing crunch time. The author remains very bullish on both gold and silver.

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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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Silver’s Young Upleg

| December 14, 2012 | Articles: Insights
Silver’s Young Upleg

Although you wouldn’t know it from listening to all the bearish commentary out there, silver is actually enjoying a strong young upleg. Its technicals are very bullish, contradicting the prevailing pessimism gripping traders. This glaring disconnect between price action and sentiment won’t last forever. It has hammered silver stocks to depressed levels that offer a smorgasbord of opportunity for brave contrarians. As a hyper-volatile speculators’ playground, silver has always been exceptionally sensitive to prevailing sentiment. While all prices are affected by their traders’ collective greed and fear, silver’s emotional roller coaster has higher peaks and deeper valleys. Silver can skyrocket on greed like no other commodity, but the other end […]

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Silver: Outlook For 2013

Silver: Outlook For 2013

We just attended the webinar organized by GoldCore (trusted precious metals service since 2003) with a guest presentation from global silver expert David Morgan. This article presents the highlights of the online seminar with regard to the silver price outlook for 2013. Silver’s bigger picture David Morgan presented his outlook for the silver price in 2013, starting off with two long term silver price charts, both adjusted for inflation. The first of the two charts is using the CPI as measured by the US government. The chart shows the peak price of silver in 1980 (adjusted for today’s inflation) which is $125.  The upside potential for silver is clear. Chart courtesy: ShareLynx. […]

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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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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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