Support at 18 (+/-) is giving way (I'll probably release SLV) and the weekly chart shows the next two objectives, should this not prove to be a fake out prior…
The US dollar and the Gold/Silver ratio are bulling together... And per the Seinfeld bad chicken episode, "that's not gonna be good for anybody." https://www.youtube.com/watch?v=Lo-Ul0tWHpg Here we see Uncle Buck…
Just a quick FYI that the gap in gold and the implied gap in silver have filled. The chart shows GLD and SLV. I sold AEM earlier but may need…
If you are like me you may have had some measure of mental macro whipsaw recently as the short-term signals bounce from disinflationary/Goldilocks to inflationary and back again. Fairly annoying.…
A daily chart view for short-term reference. Gold has bounced to the SMA 50 and resistance associated with that area. Option 1: Bounce failure. Option 2: Break on through to…
FOMC came. FOMC laid a .75% egg. FOMC rode off into the sunset until September. Meanwhile, signs of global economic contraction continue to crop up as the Fed fights the…
Gold thus far holds the support, which can be seen on a weekly chart per a July 21st update. Here is the updated daily for review. Silver is the precious…
A very simple update. This morning in pre-market the precious metals were tanking. Now? Not so much. Gold slammed the next support level we have noted at around 1680 and…
Yesterday's little contrary CPI bounce has failed as of pre-market this morning. Stocks (ES, NQ, Global) are down and base and precious metals are down as well. They of the…
Metals Commitments of Traders are contrary bullish The gold price chart is looking bad technically. But the gold CoT alignment, especially where the little guy (blue) is concerned, is contrary…
I added SLV in after-hours based on Silver (futures, weekly chart) proximity to the clear support zone from 18 to 18.60. I prefer the metal to the miners at this…
The target for silver is 18.25 per NFTRH 709 and this post. Just a reminder as the seasonal (30yr average) becomes favorable while the inflation bugs have been selling the…
This is how an inflation phase ends It's called the bust that follows an inflated boom. The US dollar and Gold/Silver ratio traditionally ride together to bring it on. The…
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The message is anti-inflationary Conveniently, with FOMC coming up on July 27th, inflation signals continue to unwind. Hmmm, and right into what on average is a seasonal low in the…