Research

21
Dec

Silver Breaking Out

The month of November was a bit of a roller coaster for metals bulls, as price appeared to breakout, only to reverse on vaccine news and become extremely oversold by mid-December.
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23
Nov

Metals: What Happened?

In my last post, I commented on the strong breakouts in metals out of bull wedge consolidations. These breakouts were ultimately short-lived and quickly reversed on vaccine news, washing out swing longs and once again pushing price lower to another test of falling resistance.
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06
Nov

The Election, Metals, and Uncertainty

In my last piece, I noted that precious metals were trending up, and the US Dollar was trending down. Yesterday’s price action confirmed that, following a multi-week consolidation period, these trends have resumed.
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14
Oct

An Analysis of Trends in USD, S&P500, and Gold

On the topic of future inflationary or deflationary expectations, there are strong fundamental arguments on both sides. In my simple interpretation, the deflationary camp (dollar bulls) make the case that the economy remains fractured, entire industries are being undermined by the pandemic, there is high unemployment, the personal savings rate is up, the stock market...
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GOLD 10-2-20
02
Oct

Is the Near Term Bottom In for Metals?

The price coiling I highlighted in gold in my last post failed to the downside, which I mentioned was a possibility. There were two key levels, the 1865-1880 band, and then 1800, which would have retested the entire move. Buyers came in strong at 1865 and price held, right at the 100 day moving average.
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GOLD-9-22-20
22
Sep

UPDATE: Gold Sitting at Equilibrium

Gold broke down from its pennant yesterday and hit first support at $1880. Price remains in a bull flag, but a break below $1875 should see a quick drop to $1800, which would be a backtest of the entire breakout.
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18
Sep

Gold Sitting at Equilibrium

A closeup of the gold chart shows a narrowing and tightly wound price coil of lower highs and higher lows. This narrowing trading range has formed a symmetrical triangle (pennant formation) that probabilistically favors a move in the direction of the underlying trend (60/40).
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GOLD-8-19
19
Aug

Inflationary Winds Blowing Across Assets

In a stark reversal from the collapse of nearly every market just six months ago, the winds of inflation have pushed the sails of those same markets back to new (or near) all-time highs.
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GOLD 4HR CHART
03
Aug

Gold, Silver, USD: Where to Next?

The precious metals market is very clearly in a secular uptrend and prices look poised for further significant upside into the end of the year.
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Silver
08
Jul

Big Breakouts Across Metals Complex: Gold, Silver, Miners

Precious metals prices broke out this morning above key resistance levels in the mining sector as well as the underlying futures market for the raw metal.
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