Looking at a chart of the recent price action in Gold and the Gold ETF (GLD) you can see many striking similarities with the April top in silver futures prices. First of all, if you take a look at the two charts below you will see that chart patterns are almost identical. Gold Chart Showing [...]
Ever since we asked whether or not precious metals had bottomed back in May we have seen a persistent uptrend in gold. Other than the last week of June gold prices have been extremely resilient even during times of declining silver and Euros. Silver has been in a bit of a funk comparatively after hitting [...]
Over the years I’ve had much more success trading precious metals than the stock market. Even though they tend be more extreme or erratic than the stocks, they tend to move in more predictable patterns. The best market for trading in the second half of 2010 and the first quarter of 2011 was silver. After [...]
With Silver Futures hitting 30 year highs all Silver ETFs are now at new 52 week as well as all time highs including the double silver etf AGQ. The only one that hasn’t reached a new 52 week high is the silver mining ETF as miners in general continue to lag the performance of the [...]
It looks like cotton futures might finally be putting in a top after running to nearly twice the all time high. Squeezed by short supplies cotton has been on a once in a lifetime run since last fall. It initially peaked at $2.07 but after a minor retracement took another run at the highs peaking [...]
