What Impact Might a Break-Down in this Currency Have on Precious Metals?
In the chart below we plot the Swiss Franc in the upper window and silver in the lower one. Note at the inset that the Franc appears to be breaking below support. If the break-down is real, the Franc could…...
Silver Update
Updated the silver post-bubble collapse analog chart below. It reflects silver @ ~$30.70, it’s current trading price. I’ve also extended price out ~4 weeks into early February. This can be seen by the extension of the red line (dotted). This…...
Silver Sits at Some Intermediate Support
The chart below is self-explanatory – silver finds itself sitting at some very important intermediate, swing support at ~$30. This is the level, along line (1), where nearly all of the metal’s big moves and price action have occurred since…...
Consolidation Patterns in Gold & Silver Appear to be Ending
Both gold and silver find themselves caught in consolidation/flag patterns in the chart below, formed by their respective lines (1) and (2). Both currently sit on line (2) support. We aren’t suggesting which direction they’re apt to turn in next…
More on the USD and Related Assets
Anybody find it ironic that the USD suggests the following… While the silver analog suggests this…? and the AMEX Gold Bugs Index is doing this…?...
Where Next For Interest Rates?
First off, we plot the 10 year interest rate below. Very nice and tight consolidation pattern that’s taken place along lines (1)-(3) that looks very close to ending. A break above line (1) and rates could shoot aggressively higher over…...
If Silver Was a Bubble and 2011 Marked the Top, This is Where the Second Wave of Selling Likely Begins
It’s been a long time since we’ve done any work on silver or precious metals for that matter. There just haven’t been many interesting technical set-ups to speak of one way or the other. However, that seems to have changed…...