Tag Archives: gold charts

What the gold & silver charts have been saying since the highs of 2009 and 2011 is that there is little reason for trading from the long side, if one wants to maximize potential results...

The charts, for us, are the best framework for depicting where price is headed, or not headed, for PMs. Eventually, there will be a breakout, but no time soon, as the charts below so clearly illustrate.

While the world gets bogged down in a financial quagmire, created solely by the globalists but to be suffered by the masses, those with gold and silver will fare best during the worst of what is to come - and the gold and silver markets are sending a clear message as outlined in the charts below.

The rally in both gold and silver has seen a significant change in market behavior, and these changes are telling the world that the decline from 2011 may have ended.

We are market realists, and the reality is neither gold nor silver are about to launch into the upper reaches of higher prices for the near term but the reasons for such happening are beginning to be more credible so it might occur in the second half of the year.

The current rally in gold & silver is but one of many steps in a bottoming formation. Each successive step confirms the one that came before. The next step will be to watch the next downward reaction to see how it unfolds in order to assess the significance of the rally over the past two weeks.

For all the information the following charts convey, it is not unfair to suggest price is likely to go lower, nor it is unfair to expect anyone armed with this knowledge to be disappointed that gold and silver are not going higher, for now.

There is so much hype and cheer-leading out there amongst supposed gold & silver analysts that you probably wonder just who is worth your time to follow, if anyone. Having read and analyzed hundreds and hundreds of articles on the subject I have concluded that there is ONLY one such person.

It does not makes sense to expect any major shake-up that would affect the pricing of gold and silver in a major way until at least January 2016 at which time the IMF is scheduled to meet to discuss the possible inclusion of the Chinese RMB in the basket of fiat currencies that make up the constituents of the U.S. Dollar Index. Let me explain why that is the case.

Insanity is doing the same thing over and over and expecting a different result & that is precisely what the markets are doing in gold and silver these days! Take a look.