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Market Updates

Ira Epstein reviews the days trading in the metal markets

When you come to the daily bar chart, you can see the sideways action that has come into the market. The pattern has been one of higher lows and higher highs. By any definition, that's called an uptrend.

Gold Surges & Silver Surges More

Here are today's videos and charts. There are some positive signals for the metals market. The USD failed at what should have been a level of support.

Stocks getting more dangerous every day

Many investors become more and more convinced there is no risk the longer the market stays elevated or the higher the price rises. They are creating the conditions again for some kind of crash.

Goodbye Dollar Hello Gold

The PM sector – and commodities generally – are embarking on a long and powerful upleg that is still in its earliest stages and this being so you can basically put on a blindfold and throw darts at a list of PM stocks and pick winners although of course we will strive to do somewhat better than that.

Dollar Entrenched in Bear Trend, Should Be Supportive

In the daily gold market chart, you've got higher highs, higher lows: bullish. The market is over the 18-day average of closes now for four days: bullish. 

Dollar Getting Oversold; Bounce Could Cause Gold to Pull Back

In the weekly gold chart, we're making a run back to what I thought would be the first resistance point of the 18-week average. It was 1972.10 then. It's moved up a half a point.

Time to Be Cautious

The market has a decision it will make in the coming weeks as to whether we get a larger degree top struck in the near term, or if we are going to set up to rally to the 4800SPX region next.

Dollar Reaction to CPI Sets Tone

Will the market make it back up to the resistance? The pattern on the swinglines is bullish. You have higher lows and higher highs. 

Gold SWOT: Gold climbed higher after weaker-than-expected jobs data was released

Changes to solar panel technology are accelerating demand for silver, a phenomenon that is widening a supply deficit for the metal with little additional mine production on the horizon.

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