Silver

Silver is attacking the all important $19.51 to $20.18 resistance zone……

(Excerpted from August 31st forecast to our Paying subscribers, who were alerted at $18.73 per ounce, now $19.50) Silver is one asset class I do not cover very often, but have been largely bullish on since $6 an ounce many years ago.  It can be considered “poor man’s Gold” as they say.  I believe Silver … Continue reading

Precious metals investors have long been waiting for an upside breakout in silver…..

Keith Neumeyer, President and CEO of First Majestic Silver joins us to talk about FR’s quarterly results, their outlook and Silver.

Silver had very powerful break out today as investors are seeking assets that are safe and will retain value during a debt crisis.  Silver is  seeing demand at these price levels as it is historically cheap relative to gold.  If the ratio came down to the levels it was in 2006 it would be close … Continue reading

Both the gold stocks and Silver had big 3% gains today. As you can see from the chart below, both markets are nearing a test of 2008 resistance.   A move past the 2008 highs would be an important breakout. However, it is important to note that in both Silver and various large-cap gold stock … Continue reading

In the time of the ancient Babylonians – long before the periodic table – there were seven sacred metals: gold, silver, copper, iron, tin, lead and mercury

In our last editorial we showed a few charts of our junior gold and junior silver indices. Gold has moved well past its 2008 high and the same has happened with our junior gold index. Silver, at its recovery peak was within 7% off its 2008 high while our junior silver index was 25% off … Continue reading

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 to interpret the charts when … Continue reading

“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?”……

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 deflationists will be pretty happy for a while. … Continue reading

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 noticed open interest increasing in … Continue reading