Commodity Trade Mantra

Posts Tagged ‘Trend Change’

A Hard Look At Gold via 7 Technical Charts

Looking at gold from different angles chart-wise, gold looks like its nearing a make-or-break level. Gold and silver miners are also consolidating near their support level dating back to 2002. Inflation expectations are also nearing a breakout / breakdown point. Soon we will know more about the true state of the global economy.

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.

A Trend Change In Gold And Silver Is Developing, Just Not Confirmed

The stage is set and gold has never failed to preserve value, even increase worth, historically speaking. Silver has yet to break its primary down trend line. Weak reactions to price rallies, more especially in an up trend as seen in last few weeks, lead to higher prices. This market premise does not always hold as true in a down trend.

Owning Gold And Silver Is All that Matters Now On

Circumstances are at such a point that one no longer needs a justifiable reason for being long physical gold and/or silver. Those who already own gold and silver will be protected, to a larger degree than otherwise, against the certain-to-come devaluations.

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