Tag: silver

Are Palladium, Gold And Silver Set To Takeoff?

Posted on by Aibek Burabayev

In this post, I'll go over the charts for palladium, gold and silver, but first I would like to start with palladium futures as it has the most potential gain to reach this round. At the start of May, I shared with you the map with equal opportunities for this champion metal to either break up or down. Here is how you saw the future for palladium in the graph below.

Palladium Poll

The majority chose the “break down” option, although with a minor advantage, but this bet played out as the metal’s price dipped one more time in the third leg down of a large correction. You were right again!

Now, let’s get down to the hot opportunity that I spotted for you on the palladium futures daily chart as it’s worth watching on the Gold & Silver Primetime.

Palladium Gold Silver
Chart courtesy of tradingview.com

The chart structure of palladium futures on the daily time frame could indeed be posted in the trading textbook as it is neat and smooth. I put detailed explanations here and on the chart as this metal gives such an excellent opportunity for education. Continue reading "Are Palladium, Gold And Silver Set To Takeoff?" →

Silver Hits Charts As Gold Fails To Perform

Posted on by Aibek Burabayev

In my earlier post this month, I shared hot trading opportunities for silver and gold. It’s time for an update as we’ve already seen how it played out.

Before we start, I would like to show you the metals performance month-to-date in the graph below.

Futures Board
Chart source: finviz.com

This month silver showed the best performance gaining impressive an +18.15%. The second best wasn’t gold; it’s platinum with a +9.05% gain. Gold is in third place this month, with a +2.39% rise. The most precious of these four metals, palladium, could score only a +1.29% gain.

You were accurate again with your forecast as most of you bet on silver (see chart below) under my last post. Seers in action!

Silver Gold Poll

Let’s get down to the updated charts, and I will start with silver. Continue reading "Silver Hits Charts As Gold Fails To Perform" →

Gold Eyes All-Time High As Silver Targets Former Top

Posted on by Aibek Burabayev

I spotted hot trading opportunities for you on daily charts, so let’s skip straight to it. Gold will be the first.

Gold
Chart courtesy of tradingview.com

Gold got stuck in a sideways consolidation after it hit a new high of $1748 in the middle of April. The lower peaks and higher troughs shaped a very familiar pattern of a contracting triangle (orange trendlines). The price has reached the upper side of that pattern as I write this post. Watch the price to break up out of the triangle to confirm the move up. Continue reading "Gold Eyes All-Time High As Silver Targets Former Top" →

Silver Is A Game Changer

Posted on by Aibek Burabayev

Last month I shared with you “Three Options To Go” for silver price, namely “Optimistic”, “Pessimistic” and the sideways option called “Extended consolidation” on one chart. Below are your bets for each option.

Silver

Most of you chose the “Optimistic” option where silver should continue to the upside after completing the correction. It’s a rare case when the minority was right as the “Pessimistic” scenario played out the next week after the post. The metal’s price dropped into the abyss at $11.64, reaching the 11-year low in the price area of distant January 2009. I think this move surprised not only me, although I said that it could reach $11 area, but even those who clicked the right answer as it was so quick as price sank within a few weeks from $16.66 for 30%!!!

Silver just can’t stop surprising us as it suddenly changes from latency mode to explosion mode and back, again and again.

The interesting thing happened next Continue reading "Silver Is A Game Changer" →

Why Inflation?

Posted on by Gary Tanashian

The simple answer is that is what they are doing, inflating.

The slightly less simple answer is that they inflated in 2001 and it worked (for gold, silver, commodities and eventually stocks, roughly in that order). It also worked in 2008-2009 (for gold, silver, commodities and eventually stocks, roughly in that order).

The more complicated answer is that we are down a rabbit hole of debt and the hole appears bottomless. What’s a few more trillion on top of un-payable trillions? As long as confidence remains intact in our monetary and fiscal authorities – and COVID-19 or no COVID-19, stock mini-crash or not, confidence to my eye is intact, speaking of my country, anyway – they will inflate, and what’s more, they will be called upon to inflate.

Confidence may be failing in other parts of the world but the average American is behind this thing they don’t even really understand, known as the Fed. The average American expects the bailout checks from the fiscally reflating government too. Angst, of which there has been plenty lately, is much different from lack of confidence.

I can’t include here all the ways and means the Fed has (frankly, I don’t know about them all) to prop the system, but if you go to the St. Louis Fed website you will find a whole slew of Keynesian egghead stuff. They are on it! Continue reading "Why Inflation?" →