After being sucked into the general commodities correction, silver has been relentlessly drifting lower since late February. But this weakness has forced the white metal down to a very bullish place technically.
Bear's Lair
Bear Markets always follow Bull markets and a severe stock market correction is long overdue. Bears Lair will spot, monitor and analyze the stock market correction as it develops.
It was just about a year ago today when the S&P500 was sitting at fresh highs and everyone was enjoying a rather upbeat summer. It was a nice summer, the markets were calm, and there was a surreal sense of optimism.
After being sucked into the general commodities correction, silver has been relentlessly drifting lower since late February. But this weakness has forced the white metal down to a very bullish place technically.
Although it probably won't happen within the next couple of months, it's a good bet that the ECB will eventually be prodded into monetising a large amount of European government and commercial bank debt.
It's not easy to make a buck in this type of market so we're sitting and waiting for the right setups to form mainly with the odd little trade here or there.
With gold, silver, and their miners' stocks drifting listlessly near correction lows, the sentiment in precious-metals land is even more pessimistic than usual. Bears abound while bulls are now an endangered species.
After making new highs about a year ago we have seen Silver and Gold consolidate for roughly the last twelve months.
Investors are worried that this summer will witness a repeat of the summer debacles of 2010 and 2011. The stock market has itself vulnerable to negative news from overseas as well as earnings disappointments.
"We have reached a profound point in economic history where the truth is unpalatable to the political class - and that truth is that the scale and magnitude of the problem is larger than their ability to respond or comp
Gold and stock market forecaster have been using cycles in price that repeat every certain amount of trading days to help them spot key reversal areas in the financial market.
The media is now fixated on an apparently new feature dominating the economic landscape: a "fiscal cliff" from which the United States will fall in January 2013.
The term Stock market predictions is a very controversial topic and does seem to give off a negative/non-credible overtone to most traders, investors and the general public.
After the US Supreme Court inexplicably redefined Obamacare to uphold its constitutionality, politics are very much back in the news. And with the all-important US elections only 4 months away, it's only going to get worse.
Friday's strong move to the upside caught a lot of traders on the wrong side of the market. Regardless of whether financial pundits refer to it as a short-squeeze or simply panic level buying is largely irrelevant.
Major peaks in the gold market tend to follow major shifts in the monetary backdrop -- from a high to a low monetary inflation rate -- with a lag of more than two years.
Most investors are aware that the 4-year cycle peak comes into play this year. What few realize is how both Washington and Wall Street are using this cycle as a fulcrum for gaining political as well as economic advantage.
Gold and "risk" assets rally whenever traders get the faintest scent that more QE (a central bank program designed to increase the money supply) is coming.
Many are the events, signals, and telltale clues of a real live actual systemic failure in progress. Until the last several months, such banter was dismissed by the soldiers in the financial arena.
Many are the events, signals, and telltale clues of a real live actual systemic failure in progress. Until the last several months, such banter was dismissed by the soldiers in the financial arena.
In the Wednesday stock report we took an indepth look at gold to see what the chart patterns were telling us.
In the Wednesday stock report we took an indepth look at gold to see what the chart patterns were telling us.
It was a wild week with markets hitting major resistance levels and then failing on heavy volume.
Gold stocks languish in a sentiment wasteland these days, left for dead by everyone but a small contrarian remnant.
Tonight I want to take an unbiased look at gold from every angle I can find. There are some clear cut chart patterns that have been formed since the beginning of this secular bull market that began at a low price of 255.
The outcome of the Greek vote at the weekend was not favorable for the markets, or for Precious Metals in particular.
We discussed Warren Buffett's illogical opinions about gold in our 15th February 2012 report under the heading "Buffett's Blind Spot".
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Nevada accounts for 75% of U.S. gold production.
