Commodities have been driving up the past few months and now it looks like Natural Gas is going to be joining the party. This report quickly and clearly shows Gold, Silver, Oil, and Natural Gas from a technical trading point of view.
Gold...
After a 10-week rally traders and investors are starting to think twice about dumping money into stocks. Since March, we have seen the equities market rally 30% -- and now everyone is starting to think prices are a little top heavy.
So...
The broad market has been moving higher with great force the past 2 months. I have been expecting a top for the past 2-3 weeks. It looks like the market is starting to come in (sell off).
Few quick points which I think are interesting:
This has been a volatile week for the market. Equities sold off Wednesday pulling precious metals stocks with it. Crude oil had a small pullback but energy stocks took a beating.
Gold & Silver Short Term Outlook
Precious metals...
Gold, Silver and Oil breaks out to new multi week highs and shows signs of more strength to come. The charts below show both weekly and daily trading analysis pointing to higher prices for these commodities.
Weekly Gold ETF Trading
Gold...
I have put together some interesting charts using the weekly time frame because they provide a cleaner picture of what to look for in the financial markets over the next 3-6 months.
Silver Weekly Outlook & Technical Analysis
Gold stocks have been performing well but I cannot help but notice that the gold sector has reached a major resistance levels on the monthly chart. As much as I would like gold stocks to continue higher we must be ready for a pullback.
I...
Gold & Silver Report
Gold and silver have been making a nice controlled pullback since their high in February. With precious metal prices drifting lower making clean looking waves like these it's generally a sign of profit taking...
Last week was interesting with precious metals stocks finding support and moving higher to close above resistance on Friday.
Not much has changed in the past few days other than the BP chart (bullish percent index chart) for gold miner...