Precious Metals Breaking Down! 3 Amigos to Abort? 4 Horsemen to Ride?

[edit 12.8.17] Amigos status clearly & concisely updated. I am not trying to be a wise guy with the first half of the title (it’s a goof on alarmist media), but if you were not bear biased or outright bearish on the gold sector’s daily and weekly technicals, and its macro and sector fundamentals by now all you have left are the alarmist headlines now … Continue reading Precious Metals Breaking Down! 3 Amigos to Abort? 4 Horsemen to Ride?

Hedgers Most Net Short Crude Oil Since, Well, Forever

Commercial hedgers are hitting new extremes in their net short positions even as WTI Crude targets higher levels off of what a TA who wants to sound serious would tell you is a “complex Inverted Head & Shoulders pattern” but that a TA like me would tell you is a bullish mutant freak. The next technical target is 62(ish) and then ultimately there is another … Continue reading Hedgers Most Net Short Crude Oil Since, Well, Forever

Gold Finally Registers Target, Silver Bangs Support

Well wasn’t yesterday pleasant? That’s sarcasm or irony or what have you. I have had a completely annoying week and indeed, last few weeks. Global CBs are in the bond markets whipsawing our signals day in, day out, president Big Mouth is all over Twitter and the whole tawdry mess has a feel of falseness as it lurches toward the finish line of 2017. Well, … Continue reading Gold Finally Registers Target, Silver Bangs Support