Commodity Trade Mantra

Posts Tagged ‘Relative Strength Index’

Recent Gold Market Moves Indicate a Wicked Gold Rally in the Making

The Relative Strength Index (RSI) is at the extremely low levels (in the low 20s) and is strongly hinting bottoms for gold and silver. The sentiment numbers are telling me that there is a wicked gold rally coming. On Monday, when I get a look at the COT report, I will know for sure. Keep your eyes open as we move toward year-end. The fireworks are going to be incendiary.

Gold, Silver, Crude and S&P Ending Wedge Patterns

The S&P 500 Index has powered higher for 5 years since early 2009, with only minor corrections. Crude oil has crashed by about 30% in the last five months. Gold and silver look like they have bottomed – again. Perhaps this time it will be a real bottom instead of another fake-out like December 2013 & June 2014. All of this will change.

Is It Time For Silver To Rise And S&P 500 To Dive?

Silver has had 3 bad years while the S&P has had five good years. It is time for both markets to reverse. Either the silver price should go up or the S&P should come down, or more likely, both will occur. With silver prices near 4 year lows, the silver to S&P ratio too is at a 5 year low. SO?

Gold Prices Show Three Patterns In Last 14 Years

Gold prices peaked in Aug 2011 and fell erratically into December 2013. Was that the end of the collapse, or is there more downside coming in gold prices? Banks are forecasting weak gold prices in 2014. Instead of listening to self-serving banker opinions, let’s examine this analysis of over 14 years.

Taking Stock of Silver Mining Stocks From a Chart Perspective

Here is a reading of some of the top silver mining companies from a chart perspective. The takeaway from this exercise is to demonstrate the importance of the ability to read a chart, based solely on price and volume activity. The objective is to be profitable.

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