Gold, Silver & Other Precious Metals 15 (Aug 16 - Jul 17)

Re: Gold, Silver & Other Precious Metals 15 (Aug 16 - Dec 17

Postby winston » Wed Jul 19, 2017 4:27 pm

CHART: The first gold stock buy signal of 2017

by Jeff Clark

The Bullish Percent Index (BPI) for the gold sector just generated its first buy signal since December.

A BPI illustrates the percentage of stocks in a sector trading with bullish chart patterns.


Source: Market Minute

http://thecrux.com/top-trader-the-first ... l-of-2017/
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Re: Gold, Silver & Other Precious Metals 15 (Aug 16 - Dec 17

Postby winston » Mon Jul 24, 2017 9:37 am

Gold: 1254.90, +9.40.

Gold took on new luster with a move off the break over the 200 day SMA.

Paused midweek, surged sharply Friday, continuing higher in its range.

Source: Investment House
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Re: Gold, Silver & Other Precious Metals 15 (Aug 16 - Dec 17

Postby winston » Mon Jul 24, 2017 8:02 pm

Silver Speculators Continued To Decrease Bullish Net Positions

By Zachary Storella

https://www.investing.com/analysis/silv ... -200202798
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Re: Gold, Silver & Other Precious Metals 15 (Aug 16 - Dec 17

Postby winston » Mon Jul 24, 2017 8:06 pm

Will Silver Short Sellers Get Body Slammed?

Summary

The daily silver chart shows silver stuck in symmetrical downtrend lines.

Silver needs to overcome downtrend and horizontal resistance to end the bearish move that began in mid-2016.

Possible short-covering above $17 in silver (about $16.10 in SLV) might do the trick. This could take a few weeks to accomplish.

The reader can see that the $16.70 level for COMEX silver is important resistance, and the $16.30 level below and the 20 day moving average near $16.10 might provide support for the coming week.


Source: Seeking Alpha

https://seekingalpha.com/article/408963 ... ngcom_feed
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Re: Gold, Silver & Other Precious Metals 15 (Aug 16 - Dec 17

Postby winston » Fri Jul 28, 2017 11:19 am

Prepare for a rally in gold and silver

by Justin Brill

Net speculative positions have fallen from an all-time record of more than 100,000 contracts this spring to less than 30,000 contracts today.


The dumb money is giving up, but silver prices have been moving higher, anyway. This, too, is a bullish sign.


Source: Stansberry Digest

http://thecrux.com/prepare-for-a-rally- ... nd-silver/
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