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Short Covering not Speculative Buying Led to Silver’s Parabolic Rise

Most mainstream pundits and reporters have assumed that it was speculative buying that caused Silver to go parabolic. After all, its always the dumb money or the public that gets in at the very end. However, in futures markets, parabolic moves are often the result of short squeezes. This is exactly what happened in Silver. … Continue reading

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Downside Targets/Support for Gold Stocks

Excerpted from Subscriber Update The gold stocks are in a correction which could turn out to be the largest and deepest since the crash of 2008. Now is not the time to panic but to evaluate where the gold stocks may go and where buying will come in to support the market. We utilize moving … Continue reading

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My Interview with Al Korelin

I was interviewed yesterday by Al Korelin of the Korelin Economics Report. I discussed the technical outlook for Silver and the Gold/Silver ratio. Click Here, it is segment three.

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S&P 1987 Template for Commodities Post 2008

Back in 2009 I thought the best comparison to the 2008 crash in Commodities was the 1987 crash in stocks. These were crashes within secular bull markets. The template of the 1987 crash in stocks and ensuing recovery called for Commodities to reach a new high two years later. The chart below shows the S&P … Continue reading

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Gold Stocks Stuck in Consolidation

Though Gold and Silver were able to make new highs in recent months, the gold stocks (as evidenced by GDX (large caps) and GDXJ (larger juniors) never did. We wrote of their relative weakness and how it was a warning sign for the sector. The shares failed to breakout and have fallen back into their … Continue reading

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Mass Hysteria over Minor Drop in Commodities

If you had followed the news in the past few days you would have noticed the obsession with equating a normal drop in Commodities with a crash or a major market top. Here is just a sample of what I’m talking about. Silver Enters Bear Market GaveKal’s Five Reasons Commodities are Suddenly Tanking Commodity Bubble … Continue reading

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Interview with Dave Skarica

David Skarica discusses Silver, Gold, the juniors and the large caps. David Skarica is the founder and Editor of the newsletter Addicted to Profits and is the editor of a Gold service published by Newsmax. Skarica entered the financial markets at a young age. At the age of 18 he became the youngest person … Continue reading

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Where is Support for Gold & Silver?

Gold was not as overbought as Silver and didn’t enjoy the hot-money flows that Silver, Oil and equities did. The price action shows support at $1425-$1450. The previous breakout point was about $1435. The 300-day MA (long-term support) is at $1297 and rising. The 200-day MA is at $1356 and rising. We should also note … Continue reading

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Gold/Silver Ratio Update

In our premium service, we’ve advised going long the Gold/Silver ratio. We tried back in March but closed the trade as we felt Silver, which was at $39, was about to go parabolic. Now that Silver has put in a top, it is time to try the trade again. Our first chart shows the ratio … Continue reading

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Interview with Kevin Kerr

Kevin Kerr, is a TV and radio investment advisor, his unparalleled expertise in futures and commodities has made him a regular contributor to news outlets like CNBC,CNN, FOX News, CBS Evening News, Nightly Business Report and many others. Recently, he was even featured on Jon Stewart’s The Daily Show. What’s more, Kevin has traded commodities … Continue reading

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