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Silver Commentaries

Silver Market Update: set to react back over the short to medium-term?

January 21, 2020

On silver’s latest 6-month chart we can see that the fairly tight pattern that has developed over the past several weeks, which is widely interpreted to be a bull Flag, is now looking more like a small Head-and-Shoulders top, and being small, it has correspondingly small downside implications. It projects a drop soon at least to the upper boundary of the channel that silver broke out of in December. Factors making it more likely that the pattern is an H&S top are the way the advance reversed at…

COT Silver Report - January 17, 2020

January 17, 2020

COT Silver Report - January 17, 2020.

The Genius of JPMorgan

January 16, 2020

Yesterday, JPMorgan Chase, the largest bank in the US, reported record earnings of $8.5 billion for the fourth quarter and roughly $35 billion for the full year. These are net profits, after all expenses and costs are subtracted from gross revenues. It is no understatement to call JPMorgan a profit-generating machine. My interest in the bank, of course, comes from the perspective of gold and silver. The connection is that JPMorgan is the largest player, by far, in all aspects of gold and…

Silver Market Update: the overall picture for silver is favorable

January 13, 2020

Although last week’s reversal candle and the current rather extreme COT readings make short-term weakness likely, perhaps to the upper boundary of the Fall downtrend, the overall picture for silver is favorable, with it readying to break out of a giant 5-year plus base pattern to follow gold higher. Marked acceleration is likely to follow a breakout above the $22 level.

COT Silver Report - January 10, 2020

January 10, 2020

COT Silver Report - January 10, 2020.

COT Silver Report - January 6, 2020

January 08, 2020

Silver / COT REPORTS WERE DELAYED (JAN. 3), DUE TO THE HOLIDAYS:

Gold is stronger than Silver during the earliest stages of a new bullmarket

January 05, 2020

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 strongest during the late stages of a bullmarket as investors “throw caution to the wind”. On the 6-month chart we can see that, although it has risen incrementally over the past week, silver has started to splutter beneath the resistance level shown, with a…

COT Silver Report - December 30, 2019

December 30, 2019

COT Silver Report - December 30, 2019 | SILVER COT REPORTS WERE DELAYED DUE TO THE HOLIDAYS.

The Morgan Report: Gold Bottom is in, Silver Stocks Leading the Way

December 30, 2019

The silver miners’ stocks surged in recent months, staging a strong rebound rally. That overdue turnaround was fueled by silver mean reverting higher on improving sentiment after gold’s decisive bull-market breakout. Watch this video on Gold Bottom is in, Silver Stocks Leading the Way, then please share with your friends and family on social media and use the caption: Gold Bottom is in, Silver Stocks Leading the Way.

Silver Market Update

December 30, 2019

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 see on the latest 10-year chart for silver below, it is starting to look a lot better as it hauls itself up out of the 2nd low of the giant Double Bottom pattern shown. Gold’s advance and Summer breakout triggered a strong impulse wave in silver, which then…

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