Today after review of the General Markets, $USD, and Oil, we will discuss the slow motion giddyup that we are seeing in the Precious Metals market. . SPX – November 29th I was expecting a small dip in the SPX, and I pointed out this possibility. It showed a drop t about the 13 sma. […]
In recent reports I’ve been pointing out various Miners that have been setting up in bullish manner. On Monday we watched Gold fall to new lows again, but then Gold flipped higher and put in a nice reversal. Maybe now we will see the precious Metals sector gain a little traction? Let’s take a look […]
I see a lot of people have started absolutely hating Precious Metals and Miners in recent weeks, and that is understandable. Gold, Silver, and the Miners have taken a dive, especially since the recent Election results in the U.S. They cannot seem to catch a bid, and each reversal just doesn’t seem to stick, even though Oil and Metals like Steel, Aluminum, and Copper rocketed higher.
We have to ask: Is the Bull dead or Alive in this sector?
Here at Chartfreak, we have been discussing this extensively throughout the past several weeks. I’d like to open up a portion of the weekend report from Dec 4th, along with a few charts from earlier reports, to show how we have been monitoring these areas. Enjoy.
This week has been another active week in the markets, lets see if all is good, shall we? . SPX DEC 1st – Expecting a dip to a 1/2 cycle low, this bearish rising wedge was pointed out and is now playing out. Could it drop to 2160? SPX WKLY – I think that […]
I have what I would consider to be some good news! The only problem is, the good news may also be a little bad news. Let’s take a look…
Yes, I’m talking about Gold again…
It seems that many things within the market structure are lining up again. Let’s take a look… . SPX – We did get our initial burst higher out of the anticipated lows as shown on the 2 charts below. . This was Oct 31 – Anticipating the trade-able low SPX now – We got the […]
When you look at the flowers in the above picture, you cannot really tell what the future will hold at this point. It is hopeful as we begin to see growth, but the surrounding conditions are difficult. Will it remain too dry for growth or will some refreshing rains begin to nurture it? And even […]
There are many things to keep an eye on going forward, lets take a look.
This is a Friday update on the Precious Metals Sector
