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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.
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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.
SPX - That dip came and it may be over already. Now if someone was 'long' they can watch and see how this unfolds. In the spring time the markets ran straight up. bouncing off of that 13 sma for a while. When moving out of the July lows, the SPX ran higher and then went sideways for months.
Read MoreIn 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 at the markets, and then we'll review some more bullish looking Miners.
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SPX - The dip that we saw may have finished its course at the 13 sma. We did see that in past moves out of the ICL.
Read MoreThis week has been another active week in the markets, lets see if all is good, shall we?
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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 it could.
Here is something to keep an eye on that looks a tad more bearish than the S&P ...
Read MoreI 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...
Read MoreYes, I'm talking about Gold again...
Read MoreIt seems that many things within the market structure are lining up again. Let's take a look...
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SPX - We did get our initial burst higher out of the anticipated lows as shown on the 2 charts below.
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This was Oct 31 - Anticipating the trade-able low
SPX now - We got the lows and the initial run higher, but will it continue? Notice how the 13 SMA affected the first run. The 2nd run tagged it and then crawled sideways for weeks. No good trade resulted Long or Short for months last summer, and that may happen again. It can still be bought or held above that 13 sma.
Read MoreWhen 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 if all of the conditions exist for solid growth, will it avoid being trampled on?
What does this have to do with the Precious Metals market? We'll compare this flowers future with the dry conditions that we've seen in that sector lately and discuss future prospects.
Read MoreThere are many things to keep an eye on going forward, lets take a look.
Read MoreThis is a Friday update on the Precious Metals Sector
Read MoreSometimes things are moving so slowly that you can't believe that they are even moving at all. Well, We've seen this in the Precious Metals Sector over the past few days, but with the release of the Fed Minutes Wednesday, that just might change.
Read More
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