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November 13, 2012 4:07:16 PM MST

America To Lead OPEC?

  1. I think the daily gold chart is beginning to look it was painted by Renoir. To view it, please click here now.
  2. Gold is range trading between about $1550 and $1800.  There have been 3 touches of the $1550 area, and 3 of the $1800 area. 
  3. I believe the situation will be resolved with a strong penetratio...

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Posted in Analysis By Silver Gold Bull

November 7, 2012 8:36:30 AM MST

Gold's Key Return Lines

  1. In the world of technical analysis, assets can be in uptrends, downtrends, or sideways consolidations.  Minor trends are typically 1-3 weeks long. In contrast, intermediate trends usually last for a number of months.  Primary trends are the biggest trends of all, and they can continue for many years...

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Posted in Analysis By Silver Gold Bull

October 30, 2012 4:13:52 PM MDT

Gold Seasonals & Stochastics

  1. The United States presidential election is just a week away.  Markets can become range-bound at such times, because institutions are reluctant to commit themselves until they know the outcome of the election.
  2. An extra dose of patience is required at such times, both by investors and technical analyst...

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Posted in Analysis By Silver Gold Bull

A fair amount of interesting developments in the last 7 days, but few of them directly affecting metals markets. The fun part, I suppose, is that everything relates to interest rates and economic growth, so it drives metals trading one way or another. The craziest trading of the week, by far, ha...

Posted in Analysis By Silver Gold Bull

October 9, 2012 2:29:16 PM MDT

Gold Stocks & King Daddy

  1. Greece is back in the news.  Street demonstrations are in play today, and across the EU, the IMF predicts ongoing deflationary pressures.  They are urging the ECB to keep rates low, for an extended period of time. 
  2. Please click here now.  That’s a two day chart of the euro, and you can see the negati...
Posted in Analysis By Silver Gold Bull

October 3, 2012 1:26:17 PM MDT

Drivers Of The Gold Car

 
  1. All financial eyes should be focused on the FOMC minutes release on Thursday, and the Employment Situation report on Friday.
  2. What is the main factor that will determine whether gold can surge over $1800 this week? 
  3. The answer is the institutional money manager liquidity flows that occur in respons...
Posted in Analysis By Silver Gold Bull

September 25, 2012 10:18:28 AM MDT

Goodbye QE3, Hello QE4

Stewart Thomson
Graceland Updates

  • The gold consolidation may already be over. Please click here now. On this one month chart, you can see that since QE3 was announced on September 13, gold has essentially moved sideways. That “trading box” is likely a consolidation pattern.

  • Plea...
Posted in Analysis By Silver Gold Bull

September 25, 2012 9:31:41 AM MDT

Metals Thoughts: Tug of War Edition

There seem to be two primary opposing forces engaged in a tug of war and the metals markets are caught in between.  On one end of the rope, we have the Fed and (to borrow from JPMorgan’s Michael Cembalest) “QE Forever.” On the other side, we have some continuing mediocre global growth news as we...

Posted in Analysis By Silver Gold Bull

September 19, 2012 9:43:30 AM MDT

He Who Hesitates Is Lost

  1. Markets rarely provide “total satisfaction” to investors, and when they do, it’s usually not for long. The gold and silver markets are overbought on short term charts, but they refuse to sell-off very much.

  2. This situation is frustrating, especially for people who want to enter the market on the ...

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Posted in Analysis By Silver Gold Bull

September 14, 2012 2:04:47 PM MDT

This Week in Precious Metals – September 14th

The “news” this week is massive money-printing on both sides of the Atlantic. However, it goes beyond that. In Europe, we had Germany’s Constitutional Court rubber-stamping the European Central Bank commitment to “unlimited” bond-buying. On this side of the Atlantic, yesterday we had the Federal Res...

Posted in News By Jeff Nielson