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Impressive Precious Metals - Peter Brandt - Factor

Impressive Precious Metals

Impressive Precious Metals

The advance in the precious metals markets has been impressive. It is remarkable that the advances in Gold and Silver have not been accompanied by aggressive commercial selling. In fact, the net commercial short position in Gold is little changed from the Dec 2016 low – meaning that commercials have NOT sold into the advance. A similar profile exits in Silver. Speculators have a COT profile in both Silver and Gold that suggests a sizable war chest for buying. I just have one major problem with the Gold market (and to a lesser degree with Silver). Historically there have been recognizable chart patterns marking major highs and lows in Gold. Gold seldom makes a major trend change without “ringing a bell” with classical chart construction. Gold did not display a chart bottom at the Dec 2016 low. Nor does Gold presently display a recognizable continuation pattern. Some chartist consider the trendline connecting the Sep 2011, Oct 2012, Jul 2016, Apr 2017 and Jun 2017 highs to be important – I am not among such chartist. I hold down trendlines in very low technical regard. Read More

Factor Update, August 13, 2017

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Factor Update, July 30, 2016

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Factor Update, July 16, 2017

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Factor Update, July 9, 2017

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Factor Update, May 7, 2017

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Factor Update, April 30, 2017

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Factor Update, April 23, 2017

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Factor Update, April 16, 2017

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Silver - Peter Brandt - Factor

Silver Potential

Silver

An asset showing potential.  Silver is a market with a tendency to form H&S patterns with stunted or abbreviated right shoulders. This is currently the case on the daily chart. I would greatly prefer to see a decline below 16.40 followed by an advance and close above 17.50. Such a scenario would entice me to be long Silver. Read More