Tag Archives: SLV

Precious Metals Markets Losing Patience

Posted on July 22, 2012 by Michael Harris

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?

Posted on June 24, 2012 by Michael Harris

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

Posted on June 21, 2012 by Michael Harris

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

Posted on May 19, 2012 by Michael Harris

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

Posted on May 17, 2012 by Michael Harris

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.

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Price Action Lab Alert for Tuesday, April 24, 2012

Posted on April 24, 2012 by Michael Harris

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

Posted on April 17, 2012 by Michael Harris

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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Price Action Lab Alert for Tuesday, April 10, 2012

Posted on April 10, 2012 by Michael Harris

This alert is about long and short signals in major ETFs that confirm the long-standing market correlations between indices, metals and bonds.

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Price Action Lab Alert for Monday, April 2, 2012

Posted on April 1, 2012 by Michael Harris

This alert is about long and short signals in major ETFs.

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ETF Trends – Week of March 19, 2012

Posted on March 17, 2012 by Michael Harris

I have seen this movie before. No, it is not Déjà vu. It is part of The Game. Forget about economic fundamentals and indicators.  The game is much more sophisticated than most people think. It involves mass psychology and social media use, … Continue reading →

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