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…
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…
Here is a closer view of HUI's chart from this morning, for those who like visual reference. A clear break above the EMA 10 and broken red trend line would…
Market Leader Technical Targets A subscriber asked if I thought the Emerging Markets had broken out. My answer is yes and no. We'll start with the chart of EEM and…
There has been a lot of buzz in the gold community lately telling people to ignore TA; about how it will not work for you this time. My only answer…
First off, I'd like to recommend you read Doug Noland's most recent Credit Bubble Bulletin, Too Much Asset Inflation. In the opening segment Noland lays out the dynamics in play…