Take note of Gold today, as indicated and discussed on Running Alpha's September 6th post -- should advance dramatically higher into next year and beyond ( next $1300 to 1400, then $1900, a consolidation, then $3300 ) under either of the following scenarios that are relevant to today's tug-of-war between domestic U.S. growth and emerging market weakness. Scenario...
Gold trades near 5 years low hitting the low of $1073 in the early hours of day. The Bullish Three Drives suggest buying at the current levels with the stop loss of $1060 for the target of $1250.
Since the start of 2015, repeated rejection off the 20 WMA confirms that there is no interest for higher gold prices. This also falls into our analysis that the last two years pattern is playing out on Gold prices. Often we see gold prices moved higher in the 1st quarter of the year, followed by setback in the 2nd quarter, but 3rd quarter recovery (which could...
Silver continue to trade in this symmetrical triangle and a breakout looks imminent. The biased is for further downside and measuring the height of this triangle (as a means for profit taking measurement) will take us south of 14.50 or more. Your essential Precious Metal reading, please go to: thebulliontimes.wordpress.com and www.sharpspixley.com
USD correction should hit support and with that Gold to take another dive lower in this range trading pattern
Spot price of silver keeps going down but looking at bullish divergence in momentum, shown with pink lines, this cannot continue forever. At some point price is going to rebound sharply leaving bears feeling a lot of pain. Downside risk is very small compared to huge upside potential. Buy physical silver not phoney paper derivatives