The iShares Silver Trust (SLV) has been beaten bad, falling over 13 percent prior to Friday’s rally. On a combination of low inflation and low growth, silver has fallen long out of favor with Wall Street (but remains a small investor’s favorite). But, there are a couple factors that could signal, at least in the short-term, SLV may see some upside. First, price...
Expecting a massive crash in Gold's price right now as I speak when it breaks down from the year long descending channel. There'll be panic as it'll be all over retail as CNBC starts painting the end of world. That presents one of the best opportunity to buy as it will be heavily shorted and sold by retail. (see the chart)
I'm long silver as of today, stop under the previous low in the 1h chart. This is a very aggressive and potentially dangerous entry, but I think it's fairly possible to see a rally here. Even more than a continuation in gold. In fact, I'll add the silver/gold ratio to the comments section to illustrate my reasoning here. We can profit from this Silver rally in...
Weekly Bars and Profiles of the moves up and down across the range here from 14 to 18.50. The contracting range across the Dec-January initial range is a sign the market is waiting for news. The recent green uptrend (boxed in green) is still intact but it sitting on support. The rally has had 3 weeks where the price range EXPANDED on the upside where the...
We did a small pop up as I suggested 13 days ago. I still remain longer term bullish on the precious metals. Longer term and shorter term down trend lines have been broken. The previous high from early April has been bettered. I think it is likely there is short term more down action for the next few days but I personally will not trade that since longer term I am...
16.53 last 18.00 target 16.125 stop Reasons: 1. Cluster of 5 days where the high is very similar = explosion pattern. 2. Range expansion "UP-bars" on the daily chart highlighted with blue triangles. 3. Range expansion "UP-bar" on the weekly chart 4. Volume building at the 16.50-16.60 level appears to be a breakout level if breached could lead to a...
Watching silver closely. Futures up today so far. Will see if it can top recent high in the next few days. SLV 1x, USLV 3x etf.
Decision imminent, only couple days till end of patterns. Diamond is in principle reversal pattern. And this time? Has anybody target for gold 1387 or for silver 20? Maybe lot of traders got too bearish and it is time to catch them on wrong foot... I was quite long in bear camp too... Gold has tried upside already, rejected so far... I know, there are HS...
The 2 charts look eerily similar don't they? This is not a prediction, only an interesting observation. In the short term I think the Nasdaq first goes to the 4000 level and then it retests the 2000 high and "pulls a silver". Will it go down from the 5000, 6000 or 10,000 level only time, the price pattern and investor psychology will tell. For the moment I am...
The 2 charts look eerily similar don't they? This is not a prediction, only an interesting observation. In the short term I think the Nasdaq first goes to the 4000 level and then it retests the 2000 high and "pulls a silver". Will it go down from the 5000, 6000 or 10,000 level only time, the price pattern and investor psychology will tell. For the moment I am...
- TL;DR: GLD in descending triangle similar to that of 2011- 13. Expecting up to 25% decline over next 6 months. - Trade: Short, Limit Cover half @ $98 and half @ $85, Stop Loss @ 124.5 (8%) -OR- Jun 30 113.00 Puts trading $2.91, BE $110 After nearly three years of uninterrupted gains, beginning in late 2008 and ending in late 2011, GLD set a high water mark at...
ETF is at a VERY strong resistance. Expecting a potential roll over (maybe) we shall see but either way, protection is epic.
Technical view, no QE speculations. SLV has reached: 200 DMA; resistance at 18.685; 61.8 retracement of last downleg. Downtrend is still intact, 200 dma still falling. Enough to enter short for pullback to 16 level, where could be decided if trend will proceed or reverse, but under yearly pivot the odds favor downtrend.
SLV has a good start for the year. RSI is strengthening and is breaking out. MACD is still negative but barely. To have an even strong case for SLV. I'd like to see 1) a close above 10 month MA 2) 10 month MA turning up 3) breaking out of the blue channel (still going downward).