‘gold’ Archive

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 [...]

Gold & Silver Bulls want to see this happen!

  CLICK ON CHART TO ENLARGE The above chart is the Silver/Gold ratio. Strong rallies in both metals often take place when this ratio breaks above key falling resistance over the past 15-years. At this time the ratio remains inside of a three year falling channel. The ratio has had a nice rally since the [...]

European Banks Break Support! Ripple effect around the world?

  CLICK ON CHART TO ENLARGE Are European banks in trouble? If so, could weakness in the European financial sector spill over into stock markets around the world? European Financial ETF EUFN has formed a bearish rising wedge over the past few months and a few days ago broke below support in the chart above. [...]