Search results

Clean break and hold over 13.20 today. As long as SIU7 holds 13.135 on a closing basis, the new intermediate trend will continue to stay UP...

Today could signal a major shift in sentiment for the precious metals. Just as gold was rejected for a 4th time at 670, the market showed us its hand and blasted right through key resistance today. This is all in the face of a weaker dollar and a nice downdraft in US equities. I must admit that...

Rydex PM Fund looks topped out again. There could still be some type of major capitulation type low coming for gold if some major selling resumes. 632-635 cash is still a conceivable target that I have had for quite sometime now...

Clear buying support coming in right under 80.50 on the USDX cash index. I imagine we could see a fierce push higher in the DX soon which will not bode well for the metals and EUR, GBP...

It appears that COMEX active month gold and silver contracts will close out with 3 continuous sessions of losses. This event almost always results in marking the end of an uptrend. There is a much stronger possibility now for some harsh selling in the coming days IMO. Be careful out there if...

The action in gold looks prone to another selloff. Notice how much congestion occurs in gold during this latest intermediate downleg right around the 40/50EMA. Once the price action leads to lower highs and lower lows, a selloff resumes shortly thereafter. Given thefact that the USDX continues...

So far the action in Silver remains uninspiring but nonetheless there is some positive price action at hand. Silver is clearly trading within a small uptrend channel and prices should continue upward in the near future. There are two major areas of overhead resistance however. The 1st is right...

Both gold and silver now appear highly susceptible to some near term profit taking by small spec longs and large traders. Resistance at 670 cash gold and 13.15 cash silver have so far proved difficult to conquer. Unless the USDX cash breaks decisively below 80.50, it will be very difficult for...

2nd half metals action could very good running all the way through the 1st Qtr. of '08. I do expect Silver to outperform gold however by a much wider margin. The price swings on Silver over Gold can be more volatile so be careful out there is all I can say...

If one has a look at the weekly Silver chart based on SLV, there are some very interesting developments occurring. It is quite possible that a major low was produced in the end of June from the FND of the July contract. Silver is now showing show some very good upside potential and I am now...

Closing the week with cash gold over 666.50 and Silver over 13 is good news moving forward. Still like Silver much better than gold at this juncture though.

Finally got the breakout. Took some time but things are definitely looking better now. The key now is for cash gold to hold 665 and silver 13 flat. At this point, most of the technical traders will look to enter at these levels if there is any pullback in the coming hours/days...

NEM already gave back all the gains it made last week. This doesn't bode well for gold prices moving forward imo...

The action in the metals the past couple of sessions resembles what occured in early May. While the USDX was making lower lows and the metals refused to respond to the upside, the USDX essentially bottoming out and therefore the sellers arrived in gold/silver. It does appear that we are...

Something seems very wrong now. The USDX continues to break down while gold/silver fail to respond accordingly. This would likely mean that intervention will occur at the .8000 area in order to protect the USDX. Otherwise gold/silver should be flying off the walls by now...

USDX looking real vulnerable right now to a break under .8015 so we could be on the verge of a major move in the metals real soon. Started shifting out of gold longs tonight and moving them over to Silver. The technical strength and upside potential appears to be much more favorable for the...

As far as I know so far, CBOT would continue to offer gold/silver contracts whether they remain floor-based and on side-by-side on ECBOT, I'm not really sure. I did like the smaller tick increments on ZI-Silver however using stop orders on ECBOT has always been a big problem due to available...

All major gold shares indexes continue to exhibit significant strength. It would appear from my personal and previous observations that this divergence will lead to something big in the coming days/weeks/months. The XAU/HUI now seems to be pricing in a move to 680-690 on the cash gold price as...

NEM hasn't been the sole stock that has been rising over the past few sessions. Several of the Mid-Tier and Junior producers have been breaking out while gold prices have been shuckled around. I do expect to see a dramatic breakout in bullion prices relatively soon as a result...

Nice call.. Looks set to blast even higher alongside Silver prices...