Commodities

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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10
Jun

Silver Setting Up for Third Push to $18.90

Silver has been the shining star in the metals complex since the March low of $11.60, outperforming all other metals on its run to $18.90/oz.
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Gold Daily Chart
06
May

Gold and Silver Coiling for a Move

I want to review price action in gold. Here is the long term, 40-year semi-log chart of gold monthly futures. I have drawn my fibonacci levels from the secondary high in 1980 ($720) to the bottom in 2001 ($250). The story is as follows:
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Long term gold chart
25
Mar

Historic Bounce in Gold at Key Fibonacci Level

I want to review price action in gold. Here is the long term, 40-year semi-log chart of gold monthly futures. I have drawn my fibonacci levels from the secondary high in 1980 ($720) to the bottom in 2001 ($250). The story is as follows:
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GDX-3-12
12
Mar

Liquidity Crisis Accelerates and Hits Metals Hard

The last two weeks have been extremely volatile in the markets, and for the first time in a long time my friends and family have called to inquire about “what is going on in the markets?”
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03
Mar

The Market Crash of 2020: Where Do We Go From Here?

The last two weeks have been extremely volatile in the markets, and for the first time in a long time my friends and family have called to inquire about “what is going on in the markets?”
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13
Feb

$GC Mid-month Gold Update

Price action in gold has traded in a narrow window over the past few weeks, winding into a tight coil as it begins to consolidate for another leg higher. The wave counts suggests that gold is in the early stages of a Wave 5.
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