Diamond formation broke down yesterday. Only positive sign from a technical perspective is that the break down was on relatively low volume
This needs to be seen in context of the longer-term patterns to which i have drawn attention...
Brian Bloom
Articles by Brian Bloom
The overriding issue seems to be that the money being injected by the Central Banks has nowhere to go but assets.
I’ve just read an interesting article about how Americans are eating less desserts. Quote: Only 12% of dinners eaten at...
I’ve just read an interesting article about how Americans are eating less desserts. Quote: Only 12% of dinners eaten at...
Summary - The Federal Reserve’s Quantitative Easing has given rise to an all time low in the money multiplier which, in turn, has a higher probability of rising than falling. Notwithstanding the recent explosion of personal debt, Chart #5...
There is a rising probability that the problems facing the world’s central banks will come to a head by mid-November 2013. Below is some background and explanation.Since the days of Alan Greenspan, there has been a rising tide of...
Below is a Relative Strength Chart of Gold:Silver (courtesy sharpcharts.com)A 3% X 3 box reversal scale has been chosen to eliminate trading noise.What the chart shows is that, by and large, gold has been underperforming silver since 2003...
The following two charts are courtesy stockcharts.com. They measure percentage movement in the silver price.The first chart shows a steady price increase from Sep 2005 to April 2006. The % price peaked at 110% in May 2006 and then...
Lease rates are spiking up again.My view here is that the shorts are leasing silver and are "dumping" what they have leased into the market in an attempt to get the price down as much as possible.This view is supported by unusual...
Summary & ConclusionTechnically, silver has been consolidating relative to gold, commodities and the HUI - but remains in a Bull trend relative to all of them. With 85% of world mine output having been hedged roughly a year ahead (and...
The weekly chart below (courtesy stockcharts.com) shows a market that has been indecisive of the relative merits of silver vs gold as an investment target.There are a couple of "straws in the wind" that this indecision may soon be resolved...
The $64,000 question is whether the 200 day MA of silver (and the long term uptrend line) will hold or whether the price of silver will break down from hereIn summary, the evidence "seems" to be pointing to an imminent (and violent) break...
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