Silver, Like Gold, Appears Technically Broken; Potential for Near-Term Downside Rising
A few weeks ago we highlighted our belief that gold appeared to be broken, purely from a technical and price-action perspective. Turning our attention to silver, we believe the same is true. A look at the first chart below depicts…...
AAPL’s Run Highly Similar to Silver’s Parabolic Move; $1,000/$1 Trillion Cap Next?
Have attached two items to look at – one is a daily analog chart that compares the % increase in AAPL from January 2012 to current vs. the % increase SLV experienced from September 2010 to April 2011. These starting…...
Being Analytically Honest, Presenting the Other, More Bullish Case for Gold & Miners
Had an earlier post this morning on why gold was technically broken. So long as prices remain below the 12 month MA will continue to believe that the onus is on the metal to prove itself to the upside. That…...
Price Action in Gold Suggests the Metal is Technically Broken, At Least For Now
The fundamental case for gold is quite clear as it pertains to ongoing global monetary/fiscal crises and the threat that central bank intervention/”money printing” leads to future runaway inflation. In fact, from a crisis-hedge standpoint, isn’t the world we live…...