Commodity Trade Mantra

Posts Tagged ‘Technical Indicators’

Gold Market Seems Ready to Breakout Higher

Gold bottomed on the 15th of Dec 2016, but the dollar continued to trend higher for several more days and Gold reacted in a positive way to this development. The dollar has been on a tear since Trump won, so Gold should have continued trending lower, but it did not. Gold has now given the first signal that it is getting ready to test the $1360 ranges with a possible overshoot to the $1380 ranges.

Gold Prices From 1971 To 2014 in 3 Waves

Focus on the monthly gold chart, which has been divided into 3 phases since 1971. Gold prices will rally much higher in the next 5 years. Jim Sinclair’s initial target of $3,500 seems very likely by 2016 – 2019. If the powers-that-be choose hyperinflation to deal with their massive debts, then much higher prices are “in play.”

Stocks And Precious Metals In Extreme Territory

The S&P 500 is relentlessly climbing to all time highs, driven by monetary bazookas of central bankers around the world. On the other hand, the precious metals have only been recovering from a disastrous year (2013) and are in search of a solid bottom. So now what do we look forward to?

Is Copper Foreshadowing A Stock Market Crash Just Like It Did In 2008?

Traditionally, “Dr. Copper” has been a very accurate indicator of where the global economy is heading next. For example, back in 2008 the price of copper dropped from nearly $4.00 to under $1.50 in just a matter of months. Is the price of copper trying to tell us something AGAIN?

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