Gold & Silver

Silver Prices Nearing Major Technical Resistance Into $19

Silver prices have enjoyed a nice rally in the early going of 2015, reaching up as high as $18.50 per ounce. The recent thrust higher likely has to do with European concerns and tension around the Swiss National Bank situation and the ECB bond buying program, but either way, price has moved higher. It’s also worth noting that the rally has landed silver right in thick of heavy price resistance.

Silver Copper Ratio Breakout Triggers Pairs Trade

Silver has been setting up pretty well for a trade. I noticed this a couple weeks back and posted about a pairs trade with Copper (long Silver, short Copper). You can read that post here.  Why was I interested in this trade? Well, in short, Silver looked like it was ready to move higher while Copper still looked week.  And this was visible on the Silver Copper ratio chart. The chart below

Gold On The Move: A Pathway To Higher Price Targets

Gold has been beaten down pretty good since the 2011 highs. And it seems like the past year or so has been a “wear the bulls out” period, as Gold has traded sideways to lower in a grinding fashion. Back in October, I wrote a post on Gold showing how a “fundamental frequency target” can be derived using the “major” first swing to develop price and time targets. The target date was December

Is A January Gold Rally Taking Shape?

After Gold prices fell below $1200 per ounce, it seems like many investors have begun to tune out the yellow metal. But since the start of the New Year, Gold has risen almost $30 and is now back above $1200. Could this price action be signaling a January Gold rally? The one hour chart of Gold outlines a potentially huge pivot shift in supply & demand that savvy traders may be able to

Will The Gold To Silver Ratio Peak In 2015?

Both Gold and Silver have been under selling pressure for a majority of the past few years. However, last year silver prices were hit much harder than gold prices. In fact, gold was down just over one percent on the year while Silver fell nearly 20 percent. This got me thinking about the gold to silver ratio (price per ounce of gold divided by price per ounce of silver). But, before

Gold Futures Update: Choppy With 1033.40 Target Still Valid

The past two months have seen Gold prices trade in a range of $1130-$1230. And after slipping a bit this morning on a Greek vote that failed to elect a President, Gold futures are trading around $1193/oz. So where is gold and what’s price telling us from an intermediate and macro perspective. Note that I provided two update posts on gold futures in November (11/3 here and 11/26 here), as well as another note in

Is Gold Targeting $1270?

A little over a week ago, I put together a post on the outlook for Gold into year-end. What I found interesting about that piece was how skeptical and fragile Gold investors currently are (sentiment) as we continue on through what is typically a period of strong seasonality for Gold (Sept-Jan). By no means was this indicating that a bottom was in, but rather that the market was ripe for a bounce. Sure enough,

Will $14 And Change Mark The Bottom For Silver?

Wow, Silver has had quite a ride since futures opened last night. Interesting thing, though, is that Silver prices came down into our target zone for a bottom. In late September 2014 I wrote a post pointing to a Silver bottom at 14 dollars, which would mark an end to a lengthy corrective pattern. The latest steep drop and reversal in Silver prices says we may have reached a bottom. The price action

Chart Focus: Gold Futures Near Weekly Resistance

It’s been a wild ride for Gold prices of late. After a big selloff into early November, Gold futures have rallied back to $1200/oz. But let’s step back for a moment and recap the price action. Just over 3 weeks ago I did an article on Gold Futures. In that article the highlights were: A  current daily target of 1150.60. A weekly target of 1138.10. The significance of the 1179.40 support level. 3 levels

Gold Rally Clouds Outlook Into Year End

After hitting 4 year lows, the recent Gold rally has brought the yellow metal back to $1200/oz.  That’s the good news. The bad news is that Gold failed to rally during September (a seasonally strong month) and is now trading in no man’s land. And with a stronger US Dollar and deflation in the air, it’s quite possible that the yellow metal will visit this level sometime over the coming months. But depending on who