A mid-week daily chart update of the precious metals. Gold (futures) is still scrapping at the down-trending SMA 50 and SMA 200. Step 1: Take those out and hold them.…
US dollar rises and so do markets not normally correlated with it Strange signaling in today's pre-market as the US dollar rises from support above the up-trending SMA 50... As…
Silver and Gold Commitments of Traders as of October 19 Silver has been in a good contrarian sentiment setup by its CoT structure and from that a rally sprang as…
Get ready for some lathered up Bugs... From NFTRH 677's Precious Metals segment: Once again the micromanagement was done at nftrh.com last week, and so we can stay streamlined in…
Another routine technical update of the precious metals, with all items on track to the bounce projection. Gold is slithering along the upper bound of the downtrend channel that is…
What is still only a routine and thus far healthy correction for stocks grinds on. As would be expected, gold is firmer with this backdrop of angst. However, it still…
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Bearing in mind that we've projected 18.90 as the best downside target, here comes target #1 for silver, which as noted in an update on Monday had a nice CoT…
Silver is more inflation sensitive than gold. Post-FOMC macro has pivoted toward the inflation view as noted in NFTRH (with a couple contrary caveats still in play). Thus, it would…
A lot to discuss about the macro market and its signals, but I'll save it for the weekend. Right now let's zoom in on gold and silver, and reaffirm what…
HUI's bounce has come to its first key level. Here resides the down-sloping SMA 50 and lateral resistance. This was the minimum bounce objective and it could halt the bounce.…
[edit] heading into the open DXY has taken back the SMA 50. FYI... Daily chart technical snapshot of some key items Gold is testing Friday's break above the SMA 200.…
With all due caveats about seasonal averages (these cover 30 years) and the variations from them in any given year, below are the facts of what these commodities have done,…
Gold is bouncing from the deep drop to test the previous lows in March. Note the word "bounce" because it will not be anything more than that unless it takes…