Silver Update: Beginning of a Major Rally
Last week we had a very simple post that highlighted silver had broken out from a bullish descending wedge pattern off its 2011 highs. If we analoged the decline off the same 2011 highs and compared it to the decline…...
Big Silver Break-Out
Assuming gains hold through week-end, silver is staging a significant break-out from the descending wedge it’s been in since 2011 b/t lines (1) and (2) in the chart below. Further, per the analog on the same chart, notice how similar…...
Silver’s Meridian Line Rests a Good Deal Lower
Per nearly 50 years of history, silver’s meridian line, or line (1) support in the chart below, rests ~30% lower at ~$10. All of silver’s major pivots have came at this line. It consolidated its early 70s ramp in the…...
PMs Appear Green-Lit to Advance
In the chart below take note of the simple fact that the DXY index (USD) appears poised to break down from a consolidation/flag pattern formed by lines (1) and (2) through much of 2015 at inset (A) while at inset (B), it is…...
Silver Potentially on the Cusp of an Explosive Move Higher
In the chart below I show bullish descending wedge patterns in silver across history at (A) and (B). Pattern (A) begins at a major structural peak in 1982 and lasts ~four years, completing itself with a bullish break-out in late…...
$1177 & Why Gold Has Proven Nothing Yet
The #’d title in this post refers to gold’s 12 mo MA. In our recent PM work we’ve suggested the current set-up in gold most resembles its set-up in 1976, 1982 and 1984 into major cyclical or structural lows. That…...
Characteristics of PMs Today Increasingly Resemble that of SSEC in 2013, DJI in 1942
All the way back in July 2013 we began building a case for being long the SSEC even as Barron’s was then calling for the re-emergence of a crisis in the region. Arguably the most important pillar of our long thesis…...
Silver Malaise Nearly Unprecedented
What we’re about to do in this post with silver is highly similar to the analysis we presented on China in early Jul-12 in this post where we suggested the region’s equities, despite Barron’s call for a credit crisis to…...
Silver Breakdown?
On 2/19/14 we used some robust historical stats on gold to suggest a position in the PM space w/ related miner exposure. At the time gold stood at ~$1,320 and silver ~$21.50, resulting in ~3% and 12% losses, respectively if…...
Short-Term Trading Opportunity
Be owners of PMs and related items before the Fed meeting concludes today. This is a very short-term opportunity. Wanted to get this out pre-FOMC today. Per the silver post-bubble analog chart below, the next three weeks have the metal…...