Okay, easy now. It’s just the move that we’ve been not so much expecting as allowing for. A hold of support and take out of the SMA 50, if it follows through, would set silver up for a burst to the thick resistance area and possibly the SMA 200 at 16.96. Today some volume seems to have conviction that this can come about. Subscribe to … Continue reading Silver Making a Move
Just micromanaging this all important indicator as usual. We find the Silver/Gold ratio continuing to take back the second bear flag that it head faked down from. But the real obstacle is the lateral area converging with the down trending 50 day average. Above that things would get interesting. Below that, not so much (for the various global macro bounce-a-thon* markets at least). * My … Continue reading Silver/Gold Ratio: Bouncing but no ‘all clear’ for the global reflation trades
The data sets at Yardeni.com are fabulous. You should keep it on watch and rummage through when you have spare time if you want to nerd out. The current backdrop calls for an open mind, about today, about yesterday, about the decades that have brought us here and by extension, about tomorrow. It is not as simple as “I am a bear” or “I am … Continue reading A Companion to the Continuum
