Posts

Chart of the Day – Silver XAGUSD – (December 18th 2019)

Conventional wisdom would tell you that precious metals should be lower in this environment. Trade deal, stocks at record highs, yields rising. Silver (and gold) should be weaker. But, it is not.

Chart of the Day – Gold XAUUSD – (September 10th 2019)

After finally finding a near term top over the last couple weeks as we probed levels we have not seen since 2011/2012, gold looks like it produced the pullback that most people were waiting for.

Chart of the Day – Silver XAGUSD- (September 4th 2019)

The Silver market has exploded higher reaching what may be called a “Fever Pitch” as the DSI (daily sentiment index) is at extreme readings and RSI is extremely overbought.