Gary Savage
Gary Savage Articles
Gold has multiple resistance zones at the $1380-$1400 level. It’s going to take some work to break through these. Gold will need some help from the dollar, which it will eventually get as the greenback will be due for its intermediate...
In my last analysis I noted that gold and the metals sector in general were too stretched above the 200-dma - and would likely have to churn for a while before the next leg up could begin. After seeing the sell-off following Friday’s...
The Weekly Charts for NASDAQ, Gold, Miners, France, UK, Germany, US Dollar and the Euro. Most traders are so short-term oriented that they forget to look at the weekly charts. The weeklies will tell you the intermediate trend. It’s never...
I’m going to show you how to trade against the crowd using the most recent 18 months of daily charts of $HUI (Gold Miners), $SPX (S&P500), $WTIC (Crude Oil), XLE (Energy) and $USD (US Dollar).
The banksters, by manipulating the price of gold and artificially creating a bear market, have created what will likely turn out to be one of the greatest opportunities ever seen. I’ve maintained all along this was their goal. To create...
I think we can safely assume the Brexit vote is going to fail. This should be bullish for stocks and bearish for the dollar. A falling dollar should be good for gold. However, with stocks and oil moving higher it’s likely to take some...
I see traders everywhere worrying about how the Brexit vote will effect gold. Folks, forget about the Brexit. By this time next week the Brexit will already be fading into memory. Consequently, the market will go back to doing what it was...
Assuming gold continues to decouple as the dollar completes its final intermediate rally, we could see gold trend generally higher until fall. I would think a reasonable target by then to be be between 1450 and 1550.
The dollar is at an important crossroads. Its next move will have significant implications for the future price direction of the precious metals markets.
The voice of complacency says no pullback in gold. Anyone who took profits will not get a chance to reenter. Here is the chart. Clearly this analyst was expecting gold to soon take out the 2014 high. It’s forming a Bull Flag and Cup&...
