In the gold-silver ratio, silver is starting to assert itself against the gold market now. That correction where silver was losing to it, if it stays like this, then you can say the opposite is happening: silver coming up, gold going back down.
Gold and silver prices have both seen impressive jumps this year, with gold coming within cents of an all-time high, and silver also flirting with price levels last seen a decade ago.
Barrick has showed tremendous relative strength, holding its low, a great sign for the sector as a whole. A lot of open candlesticks indicates buying pressure.
Monetary policy is causing major trouble across a number of sectors. Who can tell where the biggest crack will appear first. But, when it does, you’ll be pleased you chose to hold gold and silver during times like these.
In the gold market, I've been looking for the 1895 level. If you want to hold on from yesterday's low of 1900 and you're hoping to get out of this market another $2...Why?
It shouldn't be too much longer before we start to see the sentiment, "Gold will never rally again, I will never trade gold again," and...that's the kind of sentiment you want to buy into
You don’t want to chase these markets that are mature and stretched to the upside. The stock market is setting up for some kind of a mini crash between now and September.
When I look at the gold market...you can see how the prices have been falling. The only moving average it's not underneath is the possible target of 1895.60.
