Gold & Silver

Silver Rally Breaks Out Of Bullish Wedge Pattern

A multi-year downtrend had silver bulls singing the blues. But Silver Futures prices rallied hard in 2016. The rally in Silver (NYSEARCA:SLV) was so fierce that it triggered a silver breakout above the resistance line of a long-term bullish wedge pattern. In short, when it comes to bullish falling wedges, you…

Gold Prices Follow Treasuries Higher; Near 3 Year Highs

Gold prices have surged higher in recent weeks pushing the 2016 gold rally toward 3 year highs. Although the weekly SPDR Gold Shares (NYSE:GLD) chart looks to have some more room on the upside, it will soon encounter resistance. The yellow metal faces a myriad of potential resistance up in the…

Technical Market Update: S&P 500, Bonds, Gold (June 17)

Here are a few markets and assets that I’m watching from a technical perspective. Although the market is aligning for a potential low (or may confirm one) soon, a lot can happen in a couple days. And the S&P 500 is feeling the reverberations of the recent VIX jump. I’ve…

Gold Silver Index Breaks Out Higher… But Overbought

Since the high in the Gold Silver Index (XAU) in 2010 it has dropped considerably.  Most recently, the index has rallied strongly BUT in the terms of this 6 year downtrend – we are once again at a crucial juncture. As you can see, we have basically finished both a…

5 Gold Charts That Show The Case For Bulls & Bears

Spot gold prices are approaching support at $1200. And I believe this will be an important test. In this “chart” post, I want to share 5 gold charts that highlight how Gold has been weakened near-term. But, at the same time, I also want to show how the longer-term case…

Gold Volatility Expectations On The Decline: $GVX Chart

After a big run higher in the first half of 2016 that saw gold prices press over $1300 in early May, the yellow metal is taking a breather. The past two weeks have seen gold prices drop over 6 percent. Logic here would suggest that gold volatility is rising. But if you…