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…
The notion that silver is just an “Industrial Metal” was utterly destroyed today as both the copper and oil prices were crushed as silver surged higher. This is precisely what I was looking for as a positive sign showing that silver is now disconnecting itself from the INDUSTRIAL METAL BALL & CHAIN…
After the silver and gold prices corrected this past week, we may see a bounce in the precious metals. However, it will depend on what happens in the broader markets and the U.S. Dollar Index. Although, if we look at the longer-term charts, silver is setting up for a BIG…
With the recent price action in the silver market, investors are once again concerned about the future prospects of the shiny metal. So, I thought it would be a good idea to provide an update on what I label as “The Long & Short of the Silver Market.” Unfortunately, we…