Tag Archives: SLV

Gold and Silver Retreat But Within Normal Bounds

Profit taking is a normal event in all markets and short-term corrections are frequent in both bull and bear markets. In the last four days, GLD lost 3.94% and SLV lost 5.33% but as the charts show, corrections of this … Continue reading

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Precious Metals Markets Losing Patience

Inflation was supposed to rise with QE1 but it did not. Then, it was supposed to skyrocket with QE2 but it did not. Operation Twist raised hopes of investors and traders with long positions in precious metals but inflation did not rise. In my opinion, even … Continue reading

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Will Silver Rally Again or Plunge?

Last time SLV dropped below $26, on December 29, 2011, it rallied for about two months to over $36. Last Friday SLV tested again the December 2011 low and closed 50 cents above it at $26.15. Will there be another … Continue reading

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A Test of the May Low in Silver is Highly Probable

If there is a pick-up in economic activity and indications about a possible uptick in rates, precious metals will fall. If there is further decline and talk about QE3, precious metals will rally. Technical analysis can only identify price levels with some … Continue reading

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Gold and Silver Rebounded with Prospects of Further Gains

Before the open of last Thursday I wrote in this post that “Gold and silver are way oversold… some type of a rebound is expected from these levels.”  GLD and SLV rebounded during the last two trading sessions and gained 3.4% and 5.32%, respectively. … Continue reading

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Gold and Silver Charts Indicate Extreme Oversold Conditions

Gold and silver are way oversold. The charts for GLD and SLV show levels of relative strength index not seen for years. Although markets can stay oversold for extended periods of time, some type of a rebound is expected from these levels. … Continue reading

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Price Action Lab Alert for Tuesday, April 24, 2012

Due to an interest in Price Action Lab signals that enter a position at the open and exit at the close of the same bar expressed by readers of this blog, I will post another example today. Yesterday’s alert involved long signals for … Continue reading

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I Do Not Like this Silver Chart but that is Irrelevant

For longer than a month spot silver has been trading in a very tight range between roughly $33.30 and $31 an ounce. I do not like the chart but that is irrelevant because the market is, amongst many other things, a … Continue reading

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