Posts

Even if Gold and Silver are driving to the final low, so what? It still is no reason to be long.

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Have Gold and Crude Oil bottomed — What do the long-term charts have to say?

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Charts of the Day for November 13, 2014 — Some excitement ahead

 

Gold, Palladium, Platinum, CATO, Crude Oil

Keep your eyes on the precious metals. Gold and Palladium could be bottoming. A decisive close by Gold above 1180 and then above 1202 would be strong indications that the 3+ year bear market has run its course.

11.13_GC_D

Palladium is forming a 9-week H&S bottom pattern.  The key levels to watch for the next direction are the Nov high at 809 and the Nov low at 746.25. More bearish is the Platinum chart. A new low under 1186 would not be constructive.

11.13_PA_D

11.13_PL_D

The weekly Crude Oil chart explains the current weakness. The 3-1/2 symmetrical triangle on the weekly chart has a target of $50. Look for real estate deals in North Dakota.

11.13_CL_W

Kuddos to Factor member Paul S. for alerting me to CATO. On Tuesday he correctly interpreted the continuation H&S pattern in this stock and is profiting accordingly. Way to go, Paul.

11.13_CATO_D

 

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Putting the current bear markets in Gold and Silver into a longer-term perspective

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The charts I am watching this week

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