Tag "precious metals"

COT Report: Gold Bugs Have Golden Opportunity

The following chart and data highlight non-commercial commodity futures trading positions as of February 13, 2017. This data was released with the February 16 COT Report (Commitment of Traders). Note that these charts also appeared on my blog. The chart below looks at non-commercial futures trading positions for the Gold Futures. For the…

Opportunity Knocks… Will Gold Bulls Answer?

Gold investors have enjoyed a strong start to 2018. After a brief pullback into early February, the shiny metal has charged higher once more. The question now: Is a major breakout on the way for gold and precious metals bulls? Looking at the chart below, you can see that a…

Gold Trading Spotlight: Watch That Up-Trend Line!

Gold is pulling back on Friday as investors in the shiny metals take profits. It’s notable that today’s weakness comes near prior highs and as price exhaustion signals come into play. That said, today’s minor pullback hasn’t done much to damage to the uptrend. And it will take a move…

Gold Trading Update: Overbought But Indicators Bullish

In our recent article, we looked at the strong seasonal tendency of Gold (GLD) to outperform during the month of January. The Gold ETF (GLD) bottomed in mid-December and rallied almost continuously until the start of January, where it consolidated around the 125 level. Since then, GLD appears to have…

Gold/Dollar Ratio Testing 800 Pound Resistance Here!

It’s been a while since gold bulls were able to celebrate something more than a swing trade. Will 2018 bring gold bulls the breakout they’ve been patiently waiting nearly 5 years for? Since the 2011 top, there has been plenty of failed rallies and sideways grinding. But the last 13…

Silver To Gold Ratio At Important Juncture For Bulls

When the precious metals sector is ready to outperform, it often receives an early signal from silver prices. When Silver outperforms, it tends to bode well for Gold and the metals sector. This is similar to the way that leadership in Nasdaq or small cap stocks signal “risk-on” for the…

Precious Metals Update: Gold Bulls Patiently Waiting

The iShares Gold Trust (GLD) rallied into year-end and is now in a consolidation. Gold bulls (especially near-term) are patiently waiting for its next move. A breakout of the recent consolidation would put 130-135 in view for the Gold ETF (GLD). On the GLD weekly chart, the yellow metal remains…

Can Gold Bulls Capitalize On U.S. Dollar Weakness?

The U.S. Dollar plays a big role in commodities prices. It’s always a “must-watch” for commodity traders. Typically, a falling Dollar bodes well for commodities (priced in dollars). And we’ve seen this dynamic play out with Gold and precious metals of late. One indicator that gold bulls and bears like…

S&P 500 Trading Outlook: Equities Rally Extended

S&P 500 Trading Outlook (2-3 Days):  BULLISH Yesterday’s recovery of last week’s decline suggests an upcoming push back to new highs is likely for equities. This in turn would make the first five days of January positive for the stock market. Market breadth was meager, at less than 2/1 positive overall….

Gold Bulls Hope This Chart Pattern Leads To Big Rally

The past 6 years have been difficult for gold bulls. After the 2011 market top for precious metals, gold experienced a waterfall decline followed by a “lower low” and more sideways price action. Every rally seemed to stall out. Every hope was met with “not this time”. That type of…