Is Gold Ready To Rally Again?

Is Gold Ready To Rally Again?

  We have all heard the numerous reasons to buy and hold gold.  They include: Hedge against geopolitical unrest Hedge against the sliding dollar Inflation and deflation hedge Diversification …and many more The trade I am looking at and hence the...
Silver Looking More Constructive Again

Silver Looking More Constructive Again

We're playing this very carefully, but Silver did now construct a fairly solid bottom.  As of this morning it is moving up to the $35.80 mark again, which has served as resistance on a daily closing basis for the past nine trading days.  A move above...
Friday Afternoon Charting Fun: Gold

Friday Afternoon Charting Fun: Gold

A little perspective on the move in gold should go a long way.   The inverse head and shoulder pattern that developed from November to March hit it's ultimate target almost to the dime near $153 (on the GLD).     After the recent 6.5% correction the...
Gold (GLD) Breakout

Gold (GLD) Breakout

The GLD broke above $141 this morning, triggering a buy signal on our end.  On the weekly chart below note the steady upward movement over the past few months (and obviously years as well) with nice consolidation periods here and there.   On the daily chart...