GLD hit support (neckline) yesterday and made a lower low to October’s low. A loss of this neckline would measure to 105 (+/-). GLD is
GLD is on a bear signal just above critical support. A loss of support in the 120 to 121 area would target roughly 105, based
The gold-silver ratio continues to rise today. A rising GSR often means strained market liquidity.
Well the theme is that gold is opposite to the bull mania and ‘risk on’ environment so well crafted by policy making. The title says
The break above the 50 period MA’s on the HUI 60 min. chart with a corresponding break below in DUST, is the first positive technical
HUI continues below the 50 day MA’s but has been sneaky in its refusal to break down despite the pressure on the metals over the
GLD is on a daily bear signal below the MA 50’s and MACD going red. At a potential S/T support area.
Last week we noted that SLV was breaking a trend line. Among that and other bearish indicators, the Silver-Gold ratio had been holding out as
SLV could be forming a Hammer candle, which is normally a reversal, which would paint the trend line break as a whipsaw prior to reversal.
Part of my job is to tell you what the charts say and this chart says that SLV is breaking down from a trend line
Policy, Profits and Propping… that is without a doubt the underlying fundamental support for a massive and growing phase of market speculation that becomes more
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With the precious metals strong in pre-market, it is helpful to take a current snapshot of the daily technical situation for perspective.