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April 27, 2020 | Precious Metals, Lockdowns and Reopening

The action in silver is really interesting. Let’s check the prospects for volatile white metal, and the relevant historical analogy it offers. Is the major 2008 – 2020 analogy in terms of price moves remains intact? In short, yes. Silver Shares Its Two Cents Silver plunged to our initial target level and reversed shortly after […]

April 22, 2020 | Junior Miners Dangerously Close to the Cliff

There are times to keep being focused on higher timeframes, yet the finer ones do send valuable signals at times too. And today, every precious metals investor better pay attention to their message. Take a look at the below chart featuring the miners. We will compare the junior miners to what GLD ETF and SPY […]

April 17, 2020 | The Subtle PMs Signals Keep Coming In

The greenback exerts powerful influence on the precious metals – that has been the case yesterday, and it unsurprisingly continues to be so also today. So, what message is the USDX sending out right now? USD Index in the Spotlight We’ll open up with a quote from yesterday’s Alert (by the way, please remember that […]

April 9, 2020 | Is That Gold’s Inverse H&S or Reversal?

In yesterday’s Gold Trading Alert, we commented on gold’s breakout above the previous highs and described the completion of the inverse head-and-shoulders pattern in the following way: Q2: As you can see today, gold future formed inverse head and shoulder pattern with neckline 1700 and depth about 250. This imply gold can go to 1950. […]

April 6, 2020 | USD Index Sheds Light on the Upcoming Gold Move

The yellow metal and its fiat nemesis. Gold and the dollar certainly move not in a random relation to each other. The strength and direction of one taking the cue from the other changes over time, but what does it tell us about the present moment? The key point with regard to the US currency […]

April 3, 2020 | The Key Detail for Gold… Doesn’t Come from Gold

Two important things happened yesterday. And no, the ridiculous rally in crude oil wasn’t one of them. Yes, it was ridiculous, because it was clearly based on just one indication from Trump that was not backed by anything, and in the crude oil market, it is rather common to hear about the possibility to cut […]

April 1, 2020 | Gold, Silver and Miners Could Bottom Next Week!

It’s 2008 all over again, only much worse. And just like back then, PMs are likely to slide very fast, very far and then recover in a big way. A lot of money is likely to be made by those, who are positioned correctly. The precious metals market has been providing us with myriads of […]

March 31, 2020 | The Powerful 2008 Lessons That Apply to Gold Today

Mark Twain said that history does not repeat itself, but it rhymes. It’s certainly true in both life and financial markets. Let’s explore how the recent history lessons apply to the precious metals. The 2008 – Now Link Let’s recount the similarities. We already had gold reversing on huge volume, and we saw it decline […]

March 27, 2020 | So Much for the Miners’ Rally…

In the summary of last Friday’s Gold & Silver Trading Alert, we wrote the following: This rally might make one feel bullish – after all, the prices of miners are likely to soar soon. Please be sure to keep in mind that what we saw was the first big wave down of a much bigger […]

March 23, 2020 | Gold Reversals and the Short-Term Outlook

Traders consult higher timeframes so as to get a big picture view that filters out some short-term noise. So, what story does the monthly gold chart tell? Gold reversed in February, creating a crystal-clear shooting star candlestick. The monthly volume was big, meaning that this candlestick formation is valid. The shooting star is a bearish […]

March 20, 2020 | The Post-reversal Rallies and Upside Targets for GDX, GDXJ

Yesterday, we told our subscribers that probably all markets (or most thereof) are about to correct. And it seems that’s exactly what is happening. Crude oil is moving higher. The USD Index declined from 103.82 to about 102.72 (at the moment of writing these words). Stocks are moving higher (at least so far in today’s […]

March 18, 2020 | Gold to Silver Ratio’s Breakout – Like a Hot Knife Through Butter

In yesterday’s free analysis, we explained why a short-term corrective upswing in the S&P 500 was likely just around the corner. In today’s article, we’ll discuss how it’s likely to impact our silver price forecast. We’ll also make comment on the current opportunity in silver compared to the opportunity in the mining stocks. Let’s start […]

March 17, 2020 | Silver’s Breakdown, Miners Reversal, and Profits – Lots of Profits

Wow, what a move we just saw in silver… Without further ado, let’s dive into the chart. Silver just plunged to our initial target level and reversed shortly after doing so. It was for many months that we’ve been featuring the above silver chart along with the analogy to the 2008 slide. People were laughing […]

March 12, 2020 | The Key Mining Stock ETF Breaks Below Critical Support

In yesterday’s analysis, we wrote that the outlook for the precious metals sector remained bearish, and we wrote that if you’ve been wondering which parts of the precious metals sector are likely to decline the most, we would still choose silver and mining stocks. Indeed, silver and miners plunged more than gold, especially the latter. […]

March 10, 2020 | Gold to Silver Ratio Hits 100!

Gold is testing its previous 2020 highs, but silver plunged anyway, which created a very special situation. Namely, the gold to silver ratio just jumped to the 100 level. This may not seem like a big deal, because ultimately people buy metals, not their ratio, but it actually is a huge deal. This ratio is […]

February 20, 2020 | Warning – That’s Not a Buying Opportunity in Gold

Gold rallied by $17.20 yesterday (1.08%), while silver soared by $0.42 (2.35%), which means that silver more than doubled gold’s rally. Silver is outperforming gold, which was both profitable, and informative. Gold miners moved higher even more (4.60% in case of the HUI Index), indicating that the final part of the rally is not yet […]

February 18, 2020 | Silver’s Valuable Insights Into the Upcoming PMs Rally

The analysis of the precious metals market isn’t just gold analysis – there are times when silver rises to the forefront of everyone’s attention. And we fully expect such a moment of the white metal stealing the spotlight to arrive shortly. What lessons can we draw from the silver chart? The key analogy in silver […]

February 12, 2020 | Is Yesterday’s USDX Decline About to Trigger PMs Rally?

Although its decline was not yet significant, the USD Index finally declined yesterday. Given the recent breakout above the November 2019 highs, this move lower might leave one with mixed feelings. The USDX in the Short Run On one hand, the USD Index just closed above the November high for the third consecutive trading day, […]

February 11, 2020 | The Dollar’s Subtle Message for Gold

Gold and the US dollar. The yellow metal and its fiat nemesis. Often, they move inversely, though the strength and even the direction of their relationship varies when examined from different time perspectives. What is the message the greenback is sending out currently? The USD Index is moving up in a rising trend channel (all […]

February 7, 2020 | Gold Resists Soaring USD – The Show’s Not Over Yet

The precious metals market didn’t do much yesterday, but – what may seem surprising – that’s quite bullish. It’s bullish, because the USD Index rallied to new yearly highs and this “should have” caused the PMs and miners to decline. It didn’t, which suggests that the decline is not yet ripe for continuation. In this […]

January 30, 2020 | The Miners’ Message for the PMs Rally

The Fed kept rates unchanged and while it was not immediately preceded by major price moves in the PMs, the no-change decision was followed by bullish price action in the following hours. This action extends into today’s pre-market trading. Most interestingly, however, the USD Index repeated its daily reversal confirming that lower values are to […]

January 22, 2020 | What They Don’t Tell You about Silver’s Declines

Even though the beginning of yesterday’s session was rather uneventful, its remaining hours proved much more informative and meaningful. In fact, based on how the developments unfolded, we decided to go long silver. This position is against the big downtrend, which continues to be the most likely outcome due to myriads of reasons outlined in […]

January 9, 2020 | How on Earth Can Gold Decline During the U.S. – Iran Crisis?

So, did U.S. and Iran just become best friends? Gold’s huge reversal and a decline of about $50 in 24 hours might certainly suggest so to those, who choose to follow the news instead of estimating market’s moves using more reliable tools. Of course, the two countries are not on friendly terms at this time. […]

December 24, 2019 | Today’s Gold Upswing and Lessons from Gold Tops

What a classic day Friday was! Gold moved a bit lower, miners moved significantly lower, and silver rallied. Truly classic and outstanding performance if one enjoys seeing topping patterns that are playing out according to their usual and likely characteristics. And Monday’s early session seems to be an encore. Let’s start with the examination of […]

December 22, 2019 | Gold in Indian Rupees, the USD and the Many Non-USD Currencies

We started yesterday’s analysis with the investigation of the Euro Index and gold price in this European currency. Today, we’ll take a moment to analyze the gold market from the Indian point of view. Gold has a special place in the Indian history and culture, India is the second biggest “consumer” of gold (right after […]

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