Evolving Thoughts on How PMs Might Work into the Overall Macro Framework
Here’s a chart originally shown the other day comparing silver’s move from 1967-1973 vs. 2010-2014. The two share a good deal of similarity. If the pattern recognition is correct, silver might presumably begin to base in the $19-$20 area in the next few weeks,…...
How Bearish is Gold Sentiment?
Not all that bearish, at least in the context of history, when gold is in a bear market, according to SentimenTrader. In other words, public opinion can sour much further than it already has, and stay that way, when the…
Where do Gold Miners Stand after All the Carnage in PMs?
Wanted to update my thoughts on gold miners after precious metals have been absolutely annihilated lately. As you might remember we have been short and/or avoiding this group for a very long time dating back to posts like this and this when…...
Updated Silver Analog
Updated to reflect prices at ~$26.15 this week. One word – kaboom. Likely headed much lower to that aforementioned $13-$18 range....
Thoughts on NZD
In the chart below the NZD and gold have tended to trade in a highly correlated manner for the past few years. More often than not, NZD has acted as a leading indicator for gold, moving north/south before gold does…...
Repeating Pattern in Silver
In the chart below I present silver, inverted, on a monthly basis. I inverted the chart to mess your head up. By doing so, you can’t look at it with the preconceived notions and biases you already had; it’s nearly…...
Thoughts on the Two-Year Consolidation in Precious Metals
Remember our alternate way of thinking about silver we presented a few weeks back? That post is right here. In it, we suggested the potential for additional upside in the metal and that the highs from April 2011 were not…...
What’s Green Today (Nat Gas a Safe Haven)?
Safe havens – gold, USD, Yen and U.S. bonds. Strangely enough though, so is Nat Gas. In fact, it’s the greenest thing on the screen. Coincidence when we find that in Cyrpus the government has promised to repay savers enduring…
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…...
Some Historical Stats on Gold
Want some additional confusing info on gold? I’m here to provide. The red filter below shows those periods in gold’s history where both of the following conditions are filled at the same time: 1) Current price < 12 month moving…...