‘gold’ Archive

Gold Miners…Bullish Falling Wedge Breakout Near?

  CLICK ON CHART TO ENLARGE The GDXJ/GDX ratio may have created a bullish inverse head & shoulders pattern over the past year. Of late the ratio could be forming a bullish falling wedge. Two thirds of the time this pattern leads to higher prices. If the ratio would breakout, it would be a good […]

Silver…Most important Price Point In 10-Years???

  CLICK ON CHART TO ENLARGE Silver has lost almost two-thirds of its value over the past three years. This decline has Silver hitting a 10-year support line inside of a three year falling channel. Joe Friday….Very important that Silver holds at this long-term support line!!! I am interested in buying some Silver should support […]

Hey Tonto…These “Patterns and Sentiment” could hurt Silver!

   CLICK ON CHART TO ENLARGE From the early 2000′s to 2011, Silver continued to create bullish “Ascending Triangles” as it rallied from $4 to $50, highlighted in green above. After peaking at $50, Silver has started creating the opposite pattern, a “Descending Triangle!”  Silver could be creating another descending triangle at the black arrow […]