In today’s Metals & Market Update I discuss the silver price has now reached a very important technical level. The precious metals started the year off today with a BANG today while the broader markets experienced a steep SELL-OFF. Will the metals continue higher tomorrow? Good question. However, if…
With the precious metals prices are still consolidating, copper looks ripe for a correction lower. Currently, copper holds a record amount of commercial short positions, the highest in over 25 years. While the copper price may move higher, it will likely experience a correction soon as several indicators…
The surge in the gold and silver prices today was the result of the large Dollar sell-off. The U.S. Dollar has been trading off an important support level for the past four months, but finally broke below it today, causing a nice really in the precious metals. Gold was up $40…
Over the past fifty years, the precious metals prices exploded higher. While the gold price reached new highs this year, silver is still 50% lower than its previous high set in 1979 and 2011. Many precious metals analysts and investors believe that the “underperforming” silver price must be due to…
What an interesting day as the broader markets are selling off while the precious metals and mining stocks are holding up rather well. Unfortunately, the oil price is back in the $38 level which is destroying the value of shale oil stocks. I’d imagine Concho Resources is quite happy today…
What do the technicals say about the precious metals prices over the short term?? Well, if we look at a few indicators, they point to a short-term correction lower before setting up for the next leg higher.  When will that next LEG HIGHER begin?? That depends a great deal upon…
After the precious bounced off their lows the past week, what’s in store for silver and gold in the next few weeks? Good question. However, it will depend on the direction of the dollar and likely the broader markets. With President Trump looking to be released from the hospital on…