Clive Maund

Articles by Clive Maund

Silver had been looking frail before last week’s breakdown, now it looks downright weak. It had been underperforming gold persistently in recent months, and the steep drop last week has greatly increased the risk of it breaking to new lows...
This article was conceived as a “souvenir article” to assist those of you who did the trade - and I know from feedback that a significant number of you did - in gloating at its glorious success – but here’s the thing, working on it turned...
Silver continues to put in a laggardly performance relative to gold, but this is not a cause for concern, it is normal at this stage in the cycle, and it gives would be investors in the sector more time to position themselves.

On its...
What underlies the tremendous run-up in the price of Palladium and now the giant spike in Tesla stock? They are connected. Tesla stock has spiked despite its self-driving cars doing strange things like running people over and spontaneously...
If gold is looking set to react back over the short to medium-term, which it does, then it implies that silver, which is weaker at this stage in the cycle, is set to react back too.

On silver’s latest 6-month chart we can see that the...
Silver’s recent rally looks diminutive and stunted compared to gold’s, but that’s normal at this early stage of a new bullmarket, when silver typically underperforms gold due to investors being risk inverse, with silver being perceived as...
Unlike gold, which has forged ahead, there has been very little change in silver since the last update. This is not surprising because gold is stronger than silver during the earliest stages of a new bullmarket, while silver performs the...
While silver’s charts do not yet look as positive as gold’s, that is normal at this early stage in the cycle, when gold is favored over silver, which attracts more speculative interest as the bullmarket progresses. Nevertheless, as we can...
Like gold, silver has been in a corrective downtrend following its peak early in September…and it looks like it has further to fall before its done, partly of course because we have a downside target for gold in the $1360 - $1400 area...
Silver reacted back sharply last Thursday and Friday after a parabolic blow-off top. This was not a final top, but it does indicate that silver needs to take a rest and consolidate / react back, probably for at least several weeks....

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Peru became the world’s largest producer of silver in 2012.

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