From the Desk of Ian Culley @IanCulley
Gold’s failed breakout is testing investor resolve.
But let’s consider last week’s action before unearthing our bullion.
Expert technical analysis of financial markets by JC Parets
by Ian Culley
From the Desk of Ian Culley @IanCulley
Gold’s failed breakout is testing investor resolve.
But let’s consider last week’s action before unearthing our bullion.
by Ian Culley
From the Desk of Ian Culley @IanCulley
Precious metals might be the most straightforward trade on the sheets right now.
Gold is 10 bucks away from a new all-time high. Silver and platinum are holding above critical breakout levels. And mining stocks are ripping.
Close your eyes and take a swing. You’re bound to hit a winner.
But your odds of success (and potential payout) improve if you forego shiny rocks in favor of buying gold and silver mining stocks.
by Ian Culley
From the Desk of Ian Culley @IanCulley
It doesn’t matter whether we’re talking about markets or summer vacations – I always avoid the crowds and aim to beat the heat.
No lines. No traffic. No fake, overpriced food.
It also means dropping those hot semiconductor names and reaching for silver mining stocks… [Read more…]
by JC
Bitcoin is celebrating American Independence day by falling over $3000 in overnight trading.
That’s over a 20% correction in less than a month. [Read more…]
by Ian Culley
From the Desk of Ian Culley @IanCulley
Investors are becoming restless.
Silver is dancing around a significant breakout level. And gold continues its sideways chop for the third straight month.
It’s certainly been a challenging time to hold precious metals trades – even for the most patient investors.
To kick off the third quarter, let’s utilize fresh monthly data to step back and review the primary trends for gold, silver, platinum, and palladium.
by Ian Culley
From the Desk of Ian Culley @IanCulley
Precious metals bulls are taking a stand.
It’s easy to overlook following Friday’s selling pressure.
But price is respecting critical support levels for gold, platinum, palladium, and even gold’s crazy cousin.
by Ian Culley
From the Desk of Ian Culley @IanCulley
Gold bugs have seen brighter days.
Silver is underperforming Gold. The corrections in Platinum and Palladium are burrowing deeper beneath our breakout levels. And the Gold Miners ETF $GDX is printing fresh lows versus the broader market.
It doesn’t sound bullish to me.
Yet gold futures are solid as a rock!
by Ian Culley
From the Desk of Ian Culley @IanCulley
Metals bulls are waking up following last week’s selling pressure.
Copper, silver, platinum: It didn’t matter. Base and precious metals took a hit.
It was ugly but not a complete disaster.
Call me a gold bug if you like (I won’t take offense), but don’t overlook the key takeaway from last week’s session: gold’s resilience.