‘silver’ Archive

Gold & Silver- Biggest reversal patterns in years, says Joe Friday

CLICK ON CHART TO ENLARGE The above chart looks at Gold Futures, on a weekly basis, the past few years. So far this week, Gold is attempting to form a reversal pattern (bearish wick) at (1). This reversal pattern is taking place at the highs of 2015. If this pattern remains at the close tonight, […]

Silver hits triple resistance, this a melt down point?

CLICK ON CHART TO ENLARGE This chart was shared with Premium and Metals members yesterday afternoon. The chart reflects that Silver and Silver ETF (SLV) are both testing triple resistance, inside of a falling channel at (1) above. We also shared that this resistance test was taking place at the same time that “Dumb Money […]

Silver- Large bearish reversal pattern (bearish wick) taking place

CLICK ON CHART TO ENLARGE Let me start with this…One mornings action “Does Not” make a trend! This chart looks at Silver over the past few years. Silver futures have done well to start this year. The 90-day rally has Silver facing 3-year falling resistance at (1). It is making an attempt to change the […]