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Gold, Silver and Miners Remain Junk Grade Investments
Since silver and gold topped in 2011 investors have been struggling with these positions hoping this cyclical bull market for metals continues. The simple truth is no one knows for sure if prices will continue and make new highs and those who…
Gold and Silver Nearing MAJOR Long Term Support
Gold and silver along with their related miners have been under a lot of selling pressure the last few months. Prices have fallen far enough to make most traders and investors start to panic and close out their long term positions which is a…
Energy Stocks & Oil Special Trend Analysis Report
Crude oil has been trading ways for the past year between the 2011 high and low. The trading range through 2012 has been contracting with a series of lower highs and higher lows. This pennant formation because it is taking place after an uptrend…
Precious Metals & Miners Making Waves and New Trends
The precious metals sector has been dormant since both gold and silver topped in 2011. But the long term bull market remains intact. As long as we do not have the price of gold close below the lower yellow box on the monthly chart then technical…
Weekly Metals, Oil, Dollar and Index Price Analysis
US stock market is closed today for Martin Luther King, Jr. Day. I do not expect much price action to take place on the Canadian or futures market today.
Pre-Market Analysis Points:
– Dollar index is giving mixed signals this week. Short…
The Weekly Technical Take
Dollar index 4 hour chart is forming a bear flag. Until the lower blue support line is broken the flag will continue higher.
Crude oil has a big pop yesterday as it continues up its support trend line. It looks as though it may take a…
The Technical Traders Morning Charts
Good Morning,
Yesterday’s trading session played out exactly as posted in the morning chart update. Today will be a different story from the looks of it as the dollar index looks to be putting in a bottom and that has the SP500 down 0.40%…
Gold, Miners and SP500 Trends & Trading Signals
Gold and gold miner stocks have underperformed in 2012 disappointing most traders. That being said it has traded in a large sideways range since September 2011 and remains stuck in this range as of this week. Investments trading sideways are…