This morning it looks like some predictable turbulence is hitting the precious metals. The daily chart did what we wanted it to do yesterday and broke the EMA's 10 and…
Excerpted from Notes From the Rabbit Hole #240, dated May 26, 2013. Alan Greenspan gave them the playbook (Credit & Debt Manipulation 101) and now Ben Bernanke and global inflators…
This week is thus far helping the case of a double bottom scenario with the MACD triggering upward after the recent bullish divergence (by RSI and MACD) and reversal day…
In reference to yesterday's update, the lame activity continues with no follow through in dealing with the EMAs 10 and 20. What's more, it could be forming another bear flag. …
The daily GDX chart shows that the senior gold stocks have been contained by either the daily EMA 10 or EMA 20 since failing the 50 day and 200 day…
Well, QE jawbone week is living up to its billing isn't it? I went out for a run with everything very green and came back to hard downside reversals. The…
Today and tomorrow we will find out the degree to which the markets continue to be enthralled by the jawbones of policy makers. The big market is ripe for a…
I read a piece this morning by Josh Brown, the Reformed Broker, in which he destroys the 1999 comparison for the stock market. He makes some excellent points about why…
The overnight hit took gold to a test of its recent lows and silver to what could be interpreted as a long term support point. Gold was driven down hard…
This is no call to action. This is just a view of the weekly chart from NFTRH 231. Recall that the secular bull market Fib retrace level was 260, but…
Precious Metals Revisiting silver, the current status sees a bounce scenario stretched to its limit. It is now or never for silver to pick up and begin leading. The chart…
We have reviewed the weekly bear flags, especially apparent on the mining indexes (HUI, GDM, etc.). If the precious metals stand a chance to rally, silver likely needs to be…
From this morning's update: "We noted a potential bear flag and if today ends up being what the pre-market implies, then it would go from a potential to an actual…
With the precious metals getting smashed in pre-US open (are we really surprised?) the lame counter-bear trend rally appears kaput. Thus, the weekly chart takes over, and this should have…