Gold & Silver

Is The US Dollar Setting Up For Another Move Higher?

The US Dollar has the attention of the global financial markets, especially the commodities sector. Just check out the action in Grains, Oil, and Precious Metals. Earlier this week, I highlighted the weakness in Gold and Silver. Surely a function of a stronger US Dollar. So, is the US Dollar setting up for another move higher? Let’s see what the chart is telling us and check in on some key Fibonacci

Precious Metals Weak: Breaking Down The Charts

Both gold and silver continue to lose favor with investors as evidenced by precious metals continued weakness into September. This also shows up in technical analysis, so let’s review some charts. Starting with a broader look, let’s break down the 3 year chart below of the Goldman Sachs Precious Metals Index (GPX). There are three very important support levels to watch right now: 1589 – The weekly low in June,

Is Silver Targeting 14? The Script Is Playing Out

When beginning to analyze any market and/or security it is recommended one look at the longest time frame possible. The longer-term moves tend to repeat in time or price or both, while giving you a flavor for the potential moves that might be forthcoming. As well, longer-term moves often repeat the same form and proportion. In the case of Silver, a perfect mirror image fold back is in the process

Are Gold Prices Taking Cues From The Swiss Franc?

Three years ago yesterday, I shared a chart highlighting why Gold may underperform for years to come. The chart looked at the correlation between the Swiss Franc and Gold and how both were tagging ascending long-term resistance at the same time. The chart is shown again for your reference below. It was the centerpiece of a post entitled, “Swiss Franc Is Suggesting That Gold Will Be Flat-To-Down For Years To Come!”   Gold vs

Has Silver Lost Its Luster? 2 Key Fibonacci Levels To Watch

To get a better idea of what’s happening with Silver, let’s start with a long-term view of price history. From the low of $3.92 in 1993 to the high of $49.82 in 2011, price increased by a massive +1170.91% (a +12 bagger) with +493.09% of the move occurring in just 30 months from October 2008 to April 2011. In the 2o year chart below (through 2013), you can see that there

Miner Stock Watch: Silver Wheaton (SLW)

Precious metals made a statement this past week. Silver, in particular, caught my attention. It was higher by more than 6% for the week. That kind of move puts the silver miners on my radar. One miner that came across on my chart scans is Silver Wheaton (SLW). Let’s take a look at some things that stand out to me on both the long-term and short-term price charts. Silver Wheaton

Is The Silver ETF (SLV) On The Verge Of A Breakout?

In just three weeks, Silver has gone from the brink of collapse to being on the verge of a price breakout. But this sort of price action isn’t uncommon from assets in a longer-term corrective phase; in short, bulls get worn down by the short relief rallies that return to the grinding stair-step lower. That said, the price action in the Silver ETF (SLV) looks promising, provided follow through confirmation arrives shortly.

Gold Prices Coiling: Wait For Resolution

After a tradable breakout above $1275, Gold prices ran back up to $1390 before retreating.  But that retreat turned into a quick tumble, as Gold slipped over $110 in two weeks to retest the $1275 level… again… and again.  This level continues to bear importance for gold traders. As it stands, the near-term price action shows gold prices coiling in wait for its next directional price move. And what happens over

Chartology: IBB, SPY, ISIS, SOX, AAPL, BAC, USDJPY, GLD

As today’s session closes out on the benchmark S&P 500 (SPX) as an indecisive spinning top candlestick with bulls failing to press yesterday’s attainment of all-time highs, here are several similarly disconcerting charts that have been on watch the past several sessions. Over the weekend I did a couple of write-ups, giving separate cases supporting a measure of technical pessimism for the NASDAQ (NDX and the Composite) and Biotech.  Juxtaposing

Charting The Gold and Silver Price Breakouts

This past week was important for Gold and Silver investors. After breaking out above multi-week downtrend lines, both precious metals saw strong follow through (i.e. demand). This is exactly what technicians like to see following a clean price breakout. But much of this breakout analysis is short-term and it’s good to also zoom out and take in the big picture. So let’s look at the silver and gold breakouts on the