Archive for category: Premium

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 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.

This is a Friday update on the Precious Metals Sector

It's a holiday week in the U.S., and Monday didn't bring much in the way of change since the weekend report.   On Wednesday we do have the release of the Fed Minutes however, and that may be the catalyst that we are looking for in one area. 🙂 To the charts...

SPX - The S&P broke to new highs. I was thinking that it will take a rest, but have you seen the IWM? It looked similar to the S&P now, but it is just continuing higher each day. We may pull back soon, but it is also possible that light holiday trading may just keep it floating higher ( See the IWM). If that happens, it may be on the following week that we see a consolidation or a pullback.

Just a short report for Friday, where we're discussing a leap of faith  🙂

Markets are running, but I'm sure that everyone wants to discuss the light at the end of the tunnel. We'll do our market review and then on to the Precious Metals.

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SPX - I posted this Monday night, it looked like a pause in the strong move out of the ICL.  A possible Bull flag.

SPX - Tuesday it broke upward and this is only day 7.  Bullish.