The bottom is falling out of July Silver this morning as Greece struggles to form a coalition government. Worries about the impact of political turmoil in Greece and renewed...
Metals
Fundamental and technical analysis of the Copper (HG), Gold (GD), Platinum (PL) and Silver (SI) Futures markets.
July Silver Needs a Catalyst to Confirm Reversal Bottom
July Silver is trading lower this morning due to the higher U.S. Dollar. However, the market is trading inside of Friday’s range of $30.48 to $29.78. This is indicative...
Finding a Positive in July Silver
Earlier in the week I asked the question “Did Silver Bottom Last Week?” Although I wasn’t outright bullish, I did mention that July Silver crossed to the bullish side...
Did July Silver Bottom Last Week?
July Silver crossed to the bullish side of a downtrending Gann angle late last week, setting up the market for a potential rally. In addition, it has regained a...
June Gold Resumes Downtrend
June Gold is under pressure this morning after taking out uptrending Gann angle at $1660.60 and a swing bottom at $1646.70. In addition, the metal also broke through the...
May Silver Walking Up Steep Gann Angle as Traders Eye Target Zone
May Silver is trading firmer overnight following Monday’s strong surge to the upside. The rally in silver was fueled by dovish comments from U.S. Federal Reserve Chairman Ben Bernanke....
Stock Indices May Offer Clues to Gold’s Next Move
The expected sharp break in April Gold didn’t materialize last week as a big buyer stopped the market 50 cents under the Fibonacci price level. After consolidating for several...
May Silver Trading on Bearish Side of Retracement Level
May Silver is beginning to show signs of weakness as it trades on the bearish side of a key 50 percent level. After several days of consolidation, the market...
April Gold Has Plenty of Room to the Downside
April Gold broke through the support line of a triangle chart pattern and is now in a position to weaken further into a Fibonacci price level. If this level...
April Gold Set Up Volatile Move
April Gold has been trading in a tight range since it posted an expanded range of $1682.80 to $1634.70 on March 14. From a technical perspective, the trading action...
Trend Down, Silver Headed Lower
Another week, another liquidation break in May Silver. Unlike the break two-weeks ago, the main trend according to the swing chart turned down today when the main bottom at...
Silver Futures: What are the Gann Angles Indicating?
The December Silver breakout rally is continuing this morning. Pattern, price and time analysis has identified a possible resistance cluster and upside target that could be reached within the...
Silver Showing Signs of Renewed Buying
The secondary higher-bottom formed in December Silver at 29.93 is a strong sign of renewed buying. The subsequent four-day rally has put the market in a position to take...
December Gold Set-Up for Change in Trend
The strong close has put December Gold in a position to change the main trend to up on the daily chart. Based on the daily swing chart, a trade...
December Gold Set to Change Trend on Trade Through $1681.50
This morning’s strength in the December Gold market has put the market in a position to challenge the last swing top at $1681.50. A trade through this price will...
Gold Futures Ease on CME Margin Hike
After reaching a new high at $1817.60, December Gold futures broke, setting up the possibility of a daily closing price reversal top. Typically when margins are hiked, the market...
Copper Futures Rebound with Reversal Bottom
After a 7-day decline, September Copper rebounded with a strong rally on Tuesday. Copper like other risky assets rose sharply higher after the U.S. Federal Reserve Open Market Committee...
Dollar Rally Triggers Gold, Silver Reversal Tops
December Gold and December Silver broke sharply after investors shed risky assets amid an impressive ...
Stronger Dollar Pressuring Gold, Index Futures
The U.S. Dollar is strengthening into the close following a volatile trading session which saw ...
Gold and Silver Soar amid New Debt Woes and Gold Standard Talk
December Gold and December Silver soared overnight as investors continued to buy precious metals amid ...
