Spread Trade Idea In Commodities
The ratio of Nat Gas vs. Silver is presented below. It fell 97% into 2012 from its high in 2006. As it did so it formed an ever-tightening, bullish descending wedge pattern b/t lines (1) and (2). In late 2012…...
An Alternative Way to Think About Silver
Given today’s post and numerous discussions we’ve had on the site about gold and the potential that it’s run isn’t over and that it might be coiling for another move higher, I figured we’d try to apply the same logic…...
The Conundrum that is Gold (To Bubble or Not to Bubble?)
Let’s continue to beat a dead horse. Is gold a bubble? If so, did the bubble run end in September 2011 when gold peaked around ~$1,900? We know that thus far, if gold was a bubble and the run ended…...
Evolving FX and PM Set-Ups
Forgive me for continuing to focus so much attention on the PM space. However, I do tend to think it currently offers very solid risk/reward set-ups and more importantly, the opportunity to make some money on the short side in…...
Fresh Thoughts on Gold
We’ve done a lot of work on gold on the site over the past six months in various posts trying to determine two important things: 1) Was/is gold a “bubble”? and 2) If the answer to #1 above is “yes”,…...
Silver Highlights
This post updates our last post on silver from January 11th right here. In that post we said two important things: 1) “…it (silver) will peak out a dollar above current levels on a weekly closing basis at ~$32 (potentially more…...
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…