Technical Analysis
Crucial Resolutions Ahead For Gold And Silver
Silver News Relatively, last week for silver was stronger than it was for gold, a good sign in the short-term. Meanwhile, the gold to silver ratio fell back slightly towards 80. For the week as a whole, silver closed as of final trade on the COMEX at $16.47, a 0.1% decrease of only $0.02. As […]
This Is Why Cocoa’s Crash Was A Perfect Setup
Perfect from an Elliott wave perspective, that is The other day, I went paddle-boarding for the first time and was struck by a familiar feeling; one that comes from, of all things, speculating in the markets. See, when your board is in line with the current and the wind is at your back, the board […]
Exxon Mobil $XOM Is Breaking Out!
Exxon Mobil $XOM Is On A Roll… Bulls are pushing back in the oil market… Word of an output freeze amongst the world’s largest oil producing countries sent West Texas Intermediate (WTI) spiking 8% in yesterday’s trading session. While the development is certainly a step in the right direction, it won’t immediately solve the oversupply […]
Will Gold Stocks Outperform In 2016?
Gold Stocks Rally: Room To Run? Gold mining stocks have been on a roll the past few days… In fact, the Market Vectors Gold Miners $GDX is up a solid 16% since diving to multi-month lows on January 19th. Take a look… As you can see, the closely watched mining ETF rallied back inside the […]
Precious Metals Rally: Now Or Never?
Do Technicals Point To A Precious Metals Rally? It’s decision time for gold and silver bulls… Both assets have suffered mightily in recent weeks thanks to the growing likelihood the US Federal Reserve raises interest rates in December. Not surprisingly, the increasing odds of soon-to-be rising rates has the US Dollar index leaping towards multi-year […]
Gold Stocks Rally… Is This The Bottom?
Gold Stocks Rally- More To Come? Something very interesting is happening with gold stocks… Over the past few days, share prices of companies in the beleaguered industry have experienced sharp rallies. Take Agnico Eagle Mines $AEM for example- the Canadian gold miner is up 16% over the past four trading sessions. See for yourself… As […]
S&P 500 Chart And What It Means For Commodities…
S&P 500 Chart Tells An Intriguing Story… Something big is brewing in stocks… Despite some wildly bullish moves for individual stocks this year, the market as a whole has essentially traded sideways. As a matter of fact, the S&P 500 is only up a mere 1.9% since January 1st. If you’re an index investor, 2015 […]
This Oil Stock Analysis Shows A Bottom Is Near For Explorers!
Little Known Technical Secret Suggests A Bottom Is Near For Oil Stocks… No doubt about it, the past three months have been a disaster for oil stocks. You’ll be hard pressed to find the stock of an oil exploration and production name showing positive performance since early May. One of the best ways to measure […]
Technical Analysis: Get Ready For The Next Crude Rally!
No doubt about it, it has been an ugly few weeks for West Texas Intermediate (WTI) crude. The commodity has plunged nearly $8 a barrel since mid-July. The hefty 7% downturn has WTI trading at $97, which is the lowest price since February. Why such a heavy pullback? Despite ongoing geopolitical worries, investors seem more […]
Occidental Petroleum (OXY): An Explosive Summer Profit Opportunity!
Something very interesting is happening with shares of Occidental Petroleum (OXY). Over the past few months, investors have kept shares of the international oil and gas behemoth in a relatively tight trading range between $94 and $98 a share. But that’s changing today… OXY is breaking above important technical resistance at $98 as I write. […]
