Silver

1. Gold blasted out of the ascending triangle I highlighted this morning right before the breakout. 2. GOLD ASCENDING TRIANGLE 3. Gold blasted off leaving a crowd of top callers and gold worriers behind.  The target of the triangle is 1320. The worst traders I know are pretty much out of gold. 4. The reality … Continue reading

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 resistance … Continue reading

It is time for another monthly update on the gold and silver chart. Previously, I stated that gold broke the 1,227 resistance and it is now clear for an uptrend until it hit 1,500. Instead, the chart forms another resistance level at 1,250 per ounce. It made three attempt to break the resistance, but it … Continue reading

The truth is incontrovertible: malice may attack it, ignorance may deride it, but in the end, there it is.   Winston S. Churchill Retail sales plunged 1.2% for the month of May, which came as a complete surprise to the herd of cattle on Wall Street’s cattle ranch, which was looking for more gains. We also … Continue reading

Last week looked and felt like a pivotal week for both stocks and commodities. The past two weeks have had investors and traders in a panic as they try to find safe investments for their money.  After watching and reviewing the panic selling in the market it looks as though the majority decided to sell … Continue reading

Trader Dan Norcini has outstanding commentary on the gold/silver markets (and other commodities), which can be found at http://www.jsmineset.com/ One aspect he monitors is the weekly Commitment of Traders report. Over the past few weeks he has uncovered a potentially extraordinary development which could support a very big move higher in the price of gold. In … Continue reading

Here’s the chart for the poor man’s gold, which is silver. I’m sure all the silver investors are disgusted on how the price of silver is reacting this week. It was at 19.80 last week and it was only 20 cents away from breaking the second hurdle at 20 dollars. When this week started, Hell … Continue reading

This essay is based on the Premium Update posted on May 14th, 2010 We would like to begin this essay by touching on the popular belief that precious metals – and especially silver – tend to drop heavily this time of the year. The saying suggests selling in May and going away – is this … Continue reading

By Neil Charnock goldoz.com.au Introduction Gold reached US$1248.20 which was a new record high in USD. Silver has also followed gold up, this rally looks like the real thing. I have to stand corrected here as I was off the mark a little in some recent statements. I forecast US$1180 as an interim top and … Continue reading

Source: Brian Sylvester and Karen Roche of The Gold Report 5/12/10 http://www.theaureport.com/pub/na/6269 “We’re heading toward government devaluing its currency to devaluate its debt in order to survive. That means you need to protect yourself. You can’t just have savings accounts paying no interest. You need to go and buy gold,” says Bud Conrad, chief economist … Continue reading