A look at precious metal equities & the S&P 500…
I completely understand that you might think I am crazy for trying to call a bottom in the metals & mining sector. I probably am…..
A consolidation of recent gains, as the price works of overbought levels, would obviously be positive for the bulls….
It seems that a lot of markets as well as the economy, are at an important inflection point. If you are a trader and have been following this blog over the last few weeks, you would have noticed quite a few trade recommendations and might have been busy trading all the technical breakouts. So far, we […]
Chart 1: US moves aircraft carrier to Gulf. Are military airstrikes coming? Source: The Guardian Markets have been quite complacent as of late, seen by incredibly low volatility across all asset classes (chart here and here). However, volatility could now start picking up with potential crisis flaring up in the Middle East. The Guardian yesterday reported recent US developments towards the Iraq Crisis. […]
I wrote a post focusing on Silver’s technical price action and sentiment almost a month ago, titled Decision Time For Silver. Interestingly enough, there has been no decision yet. Markets are quite ironic at times, but the pressure continues to build. Therefore, I thought it was prudent to update traders on recent developments as I have […]
Tiho Brkan takes a look at individual metals and concludes that Zinc & Silver especially could follow Nickel to the upside…
Chart 1: Silver finds itself between a downtrend and a strong support… Source: Bar Chart (edited by Short Side of Long) Precious metals sector outperformed majority of other asset classes in Q1 of 2014, however that strength has recently dissipated. Whats even more interesting is the fact that while Gold and various miners rebounded powerfully in […]
The last PMs sector update I had on the blog was all the way back in early April of this year. In the article, I discussed Gold’s outperformance in Q1 of 2014 and the large number of bullish contracts that have built up, as hedge funds started herding with expectation of even higher prices (something that I […]
Brilliant work from Tiho, putting the current bull market in proper historical context…