Silver as an investment

Category Archives: Support And Resistance

Precious Metal Futures’ Trendline Frenzy: Are Gold, Silver, Platinum, and Copper About to Die?

Gold Futures (GC)   Gold futures found itself in dangerous waters during the 12/05 session as GC price action temporarily broke below 1,267 – a key support level from gold’s last two swing lows on 10/6 and 10/27.  After closing at 1,268.40, GC became the chart of the day, with price sitting just above support […]

Gold & Silver- Desperately need this to hold!

Below looks at the Silver/Gold ratio over the past 30-years. Metals bulls (both Gold & Silver) want to see the ratio moving higher, to send a quality bullish message to both. The ratio has spent the majority of the past 30-years inside of rising channel (1). When the ratio hit the top of the long-term […]

Amzon- Largest bearish reversal in 20 years takes place, says Joe Friday

Just the Facts….Amazon has done well for years and years and the trend remains up. This past month something took place in AMZN that has not happened in the past 20-years, see chart below- CLICK ON CHART TO ENLARGE The Power of the Pattern applied Fibonacci to the lows in 2001 and highs in 2013 at […]

How Big Could A Correction Be?

Authored by Lance Roberts via RealInvestmentAdvice.com, “There is nothing wrong with America that the faith, love of freedom, intelligence, and energy of her citizens cannot cure.” – Dwight D. Eisenhower   “If we just stick together, and remain true to our ideals, we can be sure that America’s greatest days lie ahead.” – Ronald Reagan […]

Will Gold’s Tumble Continue? Here Is Citi’s Answer

This morning's flash-crash dump of over $2 billion notional in gold futures broke numerous technical levels, but as the precious metal bounces back off support, the question is will the bounce continue? Citi answers…   Having tested up towards its 50-day moving average (green line), this morning's sudden and heavy volume flash-crash plunged the precious […]

Doc Copper; Breakout test in play

Ole Doc Copper hasn’t done too well over the past 6-years, as it has created a series lower highs since 2011. Over the past 18-months, Doc has been attempting to create a series of higher lows in the chart below. CLICK ON CHART TO ENLARGE Copper appears to be creating these short-term higher lows inside […]

Will Bond Bulls Finally Get Their Bounce?

Via Dana Lyons' Tumblr, A popular bond fund is hitting a key price level that may finally produce a long-awaited bounce. We talk often of the inexorable Trump Rally in stocks since the presidential election. That good fortune hasn’t befallen all other asset classes, however. For instance, the post-election reaction in the bond market has been […]