Tag: silver charts

Silver Price Forecast: Silver Market Update of 24 February 2012

Silver Price Forecast: Silver Market Update of 24 February 2012

Silver is currently trading at key resistance levels. See below, a six-year silver chart (all charts generated at fxstreet.com): On the chart, I have drawn a significant upward sloping resistance line (red line). Silver has now reached that line, trying to breach it and stay above it. It has also reached the top resistance line of a big flag pattern. If the silver price gets through these resistance lines, and stays above them, then it is likely to continue its rise, but likely in a more accelerated manner. These resistance areas can be very tricky. Price can often react in a violent manner downwards; however, there are no certainties. What […]

Continue Reading

Silver Price Forecast – Analysis of the Long-term Silver Chart

In this video, Hubert Moolman analyzes the very long term silver chart. Based on the chart and historical patterns, he tries to do a forecast for the Silver Price. He explains in very a simple and understandable way. For more of this kind of analysis on silver and gold, you are welcome to subscribe to my free silver and gold newsletter or premium service. I have also recently completed a Long-term Silver Fractal Analysis Report . Hubert Moolman  

Continue Reading

The Dollar Confirms a Possible Silver Pullback

The Dollar Confirms a Possible Silver Pullback

“It was the best of times, it was the worst of times, it was the age of wisdom (for those who invest in gold) , it was the age of (central bank) foolishness, it was the epoch of belief (in Chinese growth) , it was the epoch of incredulity (in fiat money), it was the season of Light, it was the season of Darkness, it was the (Arab) spring of hope, it was the winter of (Syrian) despair.” With several of our own additions in parenthesis, these are the opening lines of the famous novel “A Tale of Two Cities,” by Charles Dickens whose 200th year birthday was celebrated around […]

Continue Reading

Why Energy Will Outperform Base Metals

Why Energy Will Outperform Base Metals

Energy is replacing base metals as the world’s most valuable commodity class… LET’S examine some evidence that energy resources are replacing metals as the world’s most valuable commodities, writes Dan Denning for the Daily Reckoning Australia. Item one is BHP Billiton’s half-year result. The company reported lower profits on higher revenues. Its half-year profit through December of 2011 was down 7% to $9.94 billion from $10.52 billion the period before. Don’t bother sending BHP CEO Marius Kloppers any flowers. $9.94 billion is a respectable result and still one of Australia’s great half-year corporate profits. But what’s interesting is that BHP is basically an iron ore and coal company trying to become an oil […]

Continue Reading

Notes on today’s Silver Chart

Notes on today’s Silver Chart

Silver is responding to the “Free Money” environment being maintained by the Fed to keep the US economy limping along as it shot higher when the Dollar dropped lower and fell below the 79 level on the USDX chart.It is once again knocking on the door of a heretofore very stubborn level of chart resistance that begins at today’s high and extends into the region just north of $35. If silver is going to mount a breakout move and start a trend higher, the bulls must beat back the selling that is going to come in at this level. If they do, they have a very good shot at a […]

Continue Reading

Mining Stocks Yet to Go Up Decisively

Mining Stocks Yet to Go Up Decisively

According to Goldman Sachs, gold provided the best returns of all commodities in the past five years when adjusted for volatility and says the rally will continue as options traders signal no change in the metal’s relatively low risk. The Bloomberg Riskless Return Ranking shows the Standard & Poor’s GSCI Gold Total Return Index produced a 6.5 percent risk- adjusted return in the five years that ended last week, the highest among 24 commodities tracked by S&P, data compiled by Bloomberg show. Silver, the next-best performer, yielded a risk-adjusted gain of 3.1 percent, while a total-return index for all raw materials slipped 0.2 percent. Goldman Sachs forecasts gold will reach […]

Continue Reading

Great Deals on Gold and Silver

Great Deals on Gold and Silver

GoldMoney Founder and Chairman James Turk knows how to find great deals on gold and silver. He claims that the 2012 bottom for gold came during the first week in January. If the year’s low is already history and if his projection that gold will hit the $2,000/oz mark within three months is on target, you do the math. “Gold is way too cheap,” he tells The Gold Report in this exclusive interview. The Gold Report: Given the volatile 2011 market and the fact that gold trades at seasonally lower prices in the summer, James, what led you to say you believe we’ve already hit the low for the gold price in 2012? […]

Continue Reading

The Stock Market and the Dollar Sustain the Bullish Environment for Precious Metals

The Stock Market and the Dollar Sustain the Bullish Environment for Precious Metals

This week marked the Year of the Dragon in the Chinese calendar, and according to Chinese mythology, Dragon years bring powerful changes and optimism representing imperial power, prosperity and good luck. This year is supposed to be even more auspicious since it’s a Water Dragon year, something that occurs once every 60 years. We admit that we don’t yet use the Chinese Horoscope as a technical indicator, and who knows, perhaps we should. One thing is certain—the Year of the Dragon began with an auspicious move for precious metals. The dragon that breathed fire into precious metals prices was the Federal Reserve which announced this week that it is planning […]

Continue Reading

Some notes about HUI gold stocks index

Some notes about HUI gold stocks index

We are seeing a definite reversal in the price action of the gold miners in comparison to the action in the broader equity markets in today’s session. I am not sure of the reason but whatever it is, the result is that the mining shares are finally seeing a strong bid in comparison to the broader equity markets.As most gold mining shareholders have been all too painfully aware of by now, the mining shares have been lagging the broader market for the last 6 months or so now. Notice the peak last summer and the progression lower, particularly at the end of last year.Trying to decipher at what level the analysts have pencilled in the […]

Continue Reading

Long Term Trend Up In Gold and Silver Is Intact, Look For High Quality Exploration Companies

Long Term Trend Up In Gold and Silver Is Intact, Look For High Quality Exploration Companies

At the end of 2011, Merkel and Sarkozy got together for an unusual emergency meeting.  They pledged to come up with economic salvation.  Immediately the equity markets mounted a year end “Halleluyah” rally.   Bernanke followed Europe’s footsteps in 2012 and expanded the horizon of record low interest rates from Mid-2013 until Late 2014. We respond judiciously to this euphoria.  Politician’s promises are usually a thin blanket for an upcoming cold night.  We have concluded since October that a surprisingly potent rise may occur which would be in reaction to the application of the stimulative paddles. The European resolution was a response to the Franco-Belgium travails of the widely held […]

Continue Reading

Stand By $140 Silver Price In 2012

Stand By $140 Silver Price In 2012

There is a well-established relationship between how silver and gold trade. They often trade similar in the same time period, but also at similar milestones, although those milestones are sometimes reached at different times. This can cause silver or gold to be the leading indicator, depending on the particular milestone. I have previously used this relationship to predict how silver will trade. Below, is an extract of that update: Currently, there is another situation in the silver and gold market that provides an opportunity to predict how silver prices might trade over the coming months. I have pointed this out before, in a previous article. Here, I would just like to […]

Continue Reading

Fed Announces Record Low Interest Rates Until Late 2014 and Commodities Soar

Presently we notice the European Central Bank is pumping money into the sovereign institutions following the precedent of the U.S. Federal Reserve.  Indeed, this move is an admission that debt is being monetized before our very eyes.  Once again the lemmings have jumped off a cliff into what they mistakenly thought was a safe haven.  Isn’t that the name of the game, which is to get you to swing at the wrong pitch at the wrong time?     As we write, the Federal Reserve has announced the expansion of the future horizon of record low interest rates from mid 2013 until late 2014. This rally from October 4th, 2011 […]

Continue Reading

Silver runs right into a Resistance Zone and then halts

Silver runs right into a Resistance Zone and then halts

Just as if on clue, Silver bulls came out of the gate bucking high and hard but were unable to throw the bears who have dug in at the exact spot on the chart which says they should. Take a look at this chart which I posted last week and which is still applicable after today’s trading session. Notice how silver shot up throw that “formidable resistance zone” near $32.50 but then faded to close almost right on the line instead of solidly above it. Still, the bears dodged that bullet only by the slimmest of margins as the market put in a strong close to end the session, although […]

Continue Reading

Spot Gold Rises with Dollar

Spot Gold rose to a high of $1647 per ounce Monday morning in London – 0.8% below last week’s peak – while stocks and commodities were broadly flat as markets absorbed Friday’s news of cuts to nine Eurozone sovereign credit ratings, while US markets were closed for Martin Luther King Jr. Day. “Spot Gold [however] is expected to fall to $1417 per ounce over the next three months,” warns Reuters technical analyst Wang Tao in the newswires Q1 2012 commodities outlook published Monday.” “[The] medium-term downtrend that started at the Sept. 6 high of $1,920.30 will continue.” Spot Silver rose to $30.10 per ounce – 0.9% up on Friday’s close. The Euro meantime […]

Continue Reading