Tweet . My conclusion about where silver is heading is we could be about to have a mild correction back to $24.57, but it’s to early to start shorting if that’s how you want to play the correction. Personally I think it’s safer to wait until the correction is over and buy more, but there […]

26
May
stored in: Sector review and tagged: , ,

Tweet I like gold, and it’s important to be aware of the negative divergence that’s going on right now between price and RSI. I’ll be watching to see how we react when we hit the 1270 area and see if it proves to be an area of resistance. If we blow right through it we’re […]

26
May

Tweet Looking at this chart of Silver, I’m anticipating a big move based on the tightening of the ADX. Silver has been moving in such a predictable and ordinary way that it would seem it’s ready for a big move and when you look at what Gold has been doing, I’m inclined that we’re about […]

Tweet clipped from www.financialsense.com We see that the other asset classes (Commodities, Stocks, Gov Bonds) have run into significant resistance.? The CCI index (and I prefer to use this instead of the CRB) has major resistance at 500, which is about 20% below the all time high. The S&P 500 has heavy resistance at 1250 […]