On 1/4, the “Power of the Pattern” suggested that “challenges were ahead” in the metals complex. (see post here) What has happened in the past 10 days per the metals? See below for an update. CLICK ON CHART TO ENLARGE Of these four, Silver looks the most vulnerable to sizeable declines. In this post last week I shared [...]
CLICK TO ENLARGE Monday afternoon I shared in the chart above, that Silver has reached a percentage gain that often saw it run out of gas (see post here) The following day gold lost over $40 per ounce and Silver gave back almost 5% in a single day. See below for a an update of what is happening [...]
CLICK ON CHART TO ENLARGE Key precious and industrial metals find themselves facing key resistance after a stellar 2010. As I shared yesterday, the percentage gain that Silver (see post here) has made after the breakout, is where Silver ran out of gas in the past. I shared yeterday that I would attempt to protect gains right now! For aggressive investors, will [...]
Just a reminder, I am not a Bull or a Bear, just attempting to help investors “inflate portfolios regardless of market direction!” Several precious/industrial metals have done great over the past several months. CLICK ON CHART TO ENLARGE If you are long these metals, at least add some protective stops RIGHT NOW!
Wanted to “look outside” of the Gold/Silver complex for potential clues about basic metals and maybe the economy. Below is a current snapshot of Palladium. Palladium is facing Fibonacci 50% retracement resistance at the top of a rising wedge and a potential double top. The strong rally in Palladium has taken place during some decent declines in [...]
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