Again, it’s not a good timer, but it is a good risk vs. reward meter. The metals continue on their journey toward an unfavorable alignment.
Sometimes I like to trot these lumbering monthlies out so we can quiet everything down and see where various markets are slowly heading. First of
The target for HUI has been 220 since resistance just below 200 was broken. Of course that 220 level is subject to a +/- tolerance.
We’ve been noting the bullish daily pattern in silver/SLV that completed during August. It is the shaded thing on the chart. We also noted in
An interesting week, folks. Gold’s Commitments of Traders took on more bullish speculators and corresponding commercial net shorts. The little guy shorted, which should be
After a brief back and forth with Mark at IKN last week and a quick look at the IKN Weekly’s opening I’d like to make
I am not overly happy with the long-term view added as an edit in the previous post. So let’s show a clearer view of gold’s
I covered my short on silver for +8% (using the leveraged DSLV) and decided to use the more direct hedging route (for my miner positions)
I took a short on silver on the big pop this morning because a) the implications of weak CPI and Retail sales favor gold over
A look at the road directly ahead using daily charts. Gold has been in a clear series of higher highs and higher lows in 2017.
The heavy looking precious metals complex chose the path of least resistance yesterday, which was down, as we’ve been noting. Let’s take a brief update
It is my only short position now, having taken losses on a couple market shorts (partially hedging longs) and a gain on crude oil (just
The setup is a classic one, and it is not a positive one. What I mean is the geopolitical setup, where Syria gasses its people,
It’s funny, as I have talked about the risks in the precious metals (and even done some shorting), I have had ‘but Keith Weiner says