Here’s the monthly gold Comex chart. In my previous technical analysis in June, I made a few comments on how gold was to break the $1,300 level and climb to $1,500. I still believe that will happen before the end of the year. Keep in mind that it is hard...
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“Few investment opportunities arise in our lifetime like silver. The stage is set for a silver price percentage gain of extraordinary magnitude! Forget the popular refrain of “Got Gold?"......
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The GSR maintains the post-consolidation bottom pattern by weekly chart. AROON trend has turned down (as has the daily) and MACD is waffling, but in positive territory. The support/resistance lines on the RSI should break this thing one way or the other. And if it’s up, the...
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The July silver open interest increased by 31 contracts on Friday. Those people wouldn’t be buying unless they intended to take delivery AND they couldn’t buy unless their account was funded for the amount needed to take delivery. I don’t scrutinize the o/i like this every month, but I have never...
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I added some direct protection for my precious metals holdings in the form of ZSL. So, we have Dow, SPX and silver short… for now. Usually I stare in the crazy eyes of the silver bugs and I not only blink, I get sent running with tail between legs....
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This essay is based on the Premium Update posted on July 9th, 2010
You read a lot recently about “double dip” and it does not refer to two scoops of ice cream, or to the Jerry Seinfeld episode when George takes a large tortilla chip, dips it into a bowl...
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The bullish set up in silver (and gold) has turned insanely bullish. An astonishing amount of silver has been removed from the Comex warehouses over the past two weeks. Most of it from Scotia – who has unrefutedly been accused by many, including me, of operating a “fractional” bullion custodian...
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Major mining indexes appear to be approaching a major breakout point fueled by the sweeping overhaul and takeover of banks. Banks have been under pressure from a continuing recession, high unemployment, a weak housing market and now more government oversight and audits. This does not help a recovery...
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The massive bull continuation pattern on silver bullion has a target of around $30-33, and gold could easily leap to $1700 while that occurs – Stewart Thomson, http://www.gracelandupdates.com/.
Couldn’t have said it better myself. I thought the silver bulls out there might enjoy this centerfold picture:
Per my post on silver...
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It is not exactly groundbreaking analysis to say that whats good for Gold is generally good for Silver. As observers of the precious metals know, Silver tends to lag Gold but eventually catch up quickly. In the long-term sense, Silver is still a year or two behind Gold as Gold has broken above all...
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