first majestic silver

Precious Metal Values: A Final Move

November 22, 2017

The dominant chart construction in Gold continues to be the possibility of an inverted H&S bottom pattern on the weekly and monthly graphs.  Note: Some of you might have read that Ray Dalio (Bridgewater) is accumulating a sizable position in GLD. I believe Dalio will be right, but that he is early. See

I have written extensively about the possibility of a Q1 low at or just above 1200. The daily chart displays a possible continuation descending triangle. Depending upon how/time of day this pattern is completed I may be willing to take a shot at the short side.

SILJ – Jr.  Silver MinerETF chart hasbroken down

The weekly chart of PureFunds ISE Junior Miners (SILJ) displays a completed 14-month descending triangle. Factor is short with a target at 6.41


Factor Membership

View your Factor Member options here. You could consider your membership in the Factor Service as just one more trade. If the Factor Service is not of value to you, well, it is just one more trade that did not work.   Through the Factor Service I endeavor to alert novice and aspiring traders to the many pitfalls you will face – and to offer advice on overcoming those pitfalls. My goal is to shoot straight on what trading is all about.  For more information watch my 30 minute webinar where we cover the Factor service in depth.


Gold is perfect for use in coins and jewelry as it does not react with air or water like many other metals.
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