Silver (FOREX:XAGUSDO) Archives - Page 11 of 16

Silver Monthly: Exotic Pattern

Posted on December 13, 2016December 12, 2016 by Aibek Burabayev

It’s always such luck to find something when you really need it. I didn’t update the monthly chart for silver from July as we need to give time to the market for visible changes. I am very thankful to regular readers who comment on my posts and doing so; they give me a feedback with a clue of what you really need or what is your biggest concern. Last week one of the readers asked why I put short term setups with a bullish view. I answered that as long as the market broke above the medium-term downtrend, we can watch the upside. Today I would like to update the monthly chart as it is always better to see once than to read/hear about it many times.

This time I changed the usual order of charts. I would like to start from what we all didn’t see. The exotic pattern was detected, and I am glad to share it with you below. Continue reading "Silver Monthly: Exotic Pattern" →

Gold & Silver: Silver Is The First Up

Posted on December 5, 2016December 5, 2016 by Aibek Burabayev

Those who hope tell themselves - one day the tide will turn. I think a lot of people are either long or they’re not and were waiting for the rise of the top metals. Below are fresh charts which could help us to understand where we are and when the tide will turn higher.

Chart 1. Gold Daily: Watch The Breakup For Reversal

Chart courtesy of tradingview.com

I’ve written quite a lot in my previous posts about the tricky nature of corrective structures which have unpredictable outcomes. But the more time we spend inside of it, the higher are the chances that the situation becomes clearer. Continue reading "Gold & Silver: Silver Is The First Up" →

Pendulum Experiment No.2 Snapshot: The Majority Is Wrong So Far!

Posted on November 1, 2016November 1, 2016 by Aibek Burabayev

At the start of July, I reviewed the result of the first Pendulum experiment where the loser metal Palladium could beat the supercharged Japanese Nikkei stock index. The same day at the end of the post I proposed to push the Pendulum again. This time we entered into competition the faded Nikkei index versus the matchless metal silver. Below is the graph of the bets you placed.

Chart 1. Nikkei Vs. Silver: Voting Results:

INO.com Poll

This vote clearly shows the biases of the readers as in the second experiment like in a first one the odds were in favor of the metal, at the first time it was palladium and this time it was silver. Only one person added to my voice in favor of the Nikkei as I am acting as an experimenter and chose the success of the Pendulum effect betting on the stock index to break the shutout.

Well, you will be surprised looking at the chart below as the majority’s bet is wrong so far. Continue reading "Pendulum Experiment No.2 Snapshot: The Majority Is Wrong So Far!" →

Assessing The Short-Term Outlook For The Precious Metals And The Miners

Posted on October 4, 2016October 5, 2016 by The INO.com Team

Precious metals expert Michael Ballanger assesses the gold-silver ratio and its ramifications for the market.

Gold-Silver Ratio Chart

I want to go on the record and state categorically that, in my opinion, technical analysis is of limited value when trying to predict the short-term movements of precious metals. However, there are millions of traders and investors out there who believe that it does work despite interventions, manipulations, and the ability of the bullion banks to fabricate a surrogate for actual physical gold by way of paper futures. In light of that, the short-term technical set-ups for gold and silver and the miners are all different in that after Friday's month-end bombardment, which originated in the London options market, that formidable uptrend line that began in December 2015 has finally been vanquished. The ramifications could be nasty next week because for the second year in a row, the seasonally strong month of September failed to shine (at least for gold). The big question is now whether or not we get a follow-through to the 200-dma at $1,252 before resuming the uptrend or will that large Commercial short position serve as a demand catalyst and limit any meaningful downside? Continue reading "Assessing The Short-Term Outlook For The Precious Metals And The Miners" →

Mining Leaders Have More Room To The Downside

Posted on October 3, 2016October 3, 2016 by Aibek Burabayev

Back in August of this year, I shared with you the comparison charts of gold and silver stocks. The precious metals hit the new highs before that, and so did the mining stocks. After that, the prolonged correction of underlying assets (gold and silver) put pressure on the mining stocks. Below is the chart showing you the 6 stocks’ behavior.

Chart 1: Top Mining Stocks: The Leaders Lost The Most