Category Archives: SLV

Silver – 28 Jun

Silver could get interesting with a washout here at major support. I like silver, but it is a fickle market fraught with volatility that can burn your ass in a big way. I think silver is best traded from the … Continue reading

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Gold and Silver – 28 Dec

Intraday I use the GLD and SLV ETFs as proxies for the current Comex and world spot price for gold and silver. Do not trust either of these funds as a reliable long term investment vehicle. Gold gapped up on … Continue reading

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GLD and SLV – 14 Dec

The Elder Impulse chart for GLD is painting a green bar, indicating a long position since price is above the 65 day exponential moving average (magenta MACD > 0). Chart support is at the previous swing low at 133.95, with … Continue reading

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Gold and Silver – 9 Dec

GLD  is correcting lower after forming a double top around 139. It is unclear to most if gold will consolidate or power ever higher on the atrocious fundamentals, I mean lack thereof, of paper currencies. When looking at a chart … Continue reading

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The hitmen aren’t what they used to be.

The magenta box highlights the attempted whack job perpetrated by the bullion banks, led by JP Morgan, with the assistance of the Comex. this operation was different from those in the past and reveals a level of desperation on JP … Continue reading

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SLV Update – 30 Nov

Wow! Go SLV! My earlier post suggested SLV was on the precipice of another short term uptrend. That is in the can for sure and we are now looking at a bona-fide breakout! 28.70 awaits as the all time high … Continue reading

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Gold and Silver Update: Nov 30

GLD gapped up this morning on good volume. We now have higher highs and higher lows established on the chart which yields a short term up trend. Price is also above the 18 day moving average which is supportive to … Continue reading

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