Technical analyst Jack Chan examines the charts after Friday’s spike in gold. Gold stocks remain on short-term sell signal despite the sharp spike on Friday. The U.S. dollar pulled back sharply on Friday and is now on a short-term sell signal. The dollar must not break below the May low to maintain the bullish outlook. […]
Is the Gold Pullback Complete? Read More »
Technical analyst Jack Chan demonstrates the divergence between oil equity prices and the underlying commodity. Oil stocks as represented by $OSX remains on a major sell signal, which is now two years old. Crude oil remains on a short-term buy signal, but is due for a correction. COT data indicates that speculation remains at levels
Crude Oil Is Due for a Correction Read More »
Is India the New China? By Frank Holmes CEO and Chief Investment Officer U.S. Global Investors A “slow-growth trap.” That’s how the Organization for Economic Cooperation and Development (OECD) described the global economy yesterday in its latest Global Economic Outlook. The group sees world GDP advancing only 3 percent in 2016,
Is India the New China? Read More »
After gold nearly reached $1,300/oz in early May, it has been trading lower, but Gwen Preston of Resource Maven is not worried. She sees this as the correction after the big gain and believes the new bull market is intact. In this article for The Gold Report, Preston discusses three companies that offer good opportunities
Three Buying Opportunities in a Resurgent Gold Market Read More »
Technical analyst and newsletter writer Clive Maund lists the reasons he believes oil prices, which recently peaked above $50/barrel, are headed for a fall. Enlarge Chart It still looks like oil is topping out here at about the $50 level after its substantial recovery uptrend from its February low. While we cannot be sure until
$50/Barrel Oil Won't Last: Why Chances of a Breakdown Are High Read More »
Michael Ballanger, a precious metals expert, says he believes technical charts were created by bullion bank traders to lull the “chartists” into a false sense of security. I often include charts in my weekly missives for a number of reasons, but the truth of the matter is that they add a little color to what
Why Technical Analysis Does Not Work for Gold and Silver Read More »