Silver Headed Back To $50, Top Of The Cup & Handle Pattern?
Could Silver be creating a multi-decade bullish "Cup & Handle" pattern? Possible! Did a retest of a handle breakout take place in March at (1), where Silver created one of the largest bullish reversals in decades? Possible! Could Silver be creating a 40-year...
Is the US Dollar Nearing Bottom? Or Is It Different This Time?
The U.S. Dollar ran into a perfect storm in 2020: a pandemic (Coronavirus), an easy Federal Reserve, and trillions of dollars in government stimulus. The result has been a steep decline in the greenback. Looking at today’s chart, however, suggests that the US Dollar...
Here’s How To Buy The Top Stocks In The Hottest Sectors During The Covid Crisis
Tech has been the place to be during the Covid-19 crisis. Investors Business Daily recently highlighted how one can own the strongest of the strong by just owning one ETF (See article here). This chart looks at the Dorsey Wright Focus Five index ETF (FV), which...
Gold Could Be Forming A 9-Year Bullish Cupping Pattern, Says Joe Friday!
Is Gold forming another long-term bullish cupping pattern? Sure could be! Is the long-term pattern complete? If history is a guide, it would suggest not yet. When gold attempted to break above its 1980 highs, it first needed to form a "handle." It did so by declining...
King Dollar Is Testing Strong Support, Gold Bulls Hoping For A Trend Change!
The past several weeks have seen the US Dollar decline sharply and the Euro and Aussie dollar rally. These swift moves have helped push gold to new highs. But they have also brought this trio of currencies to a critical juncture, reflected in the charts above. The US...
Are Investors Losing Faith In the US Dollar?
The US Dollar is the King of the currency markets. But recent trading patterns may be sending a warning sign to US Dollar bulls. Today we look at a “weekly” chart of the US Dollar. As you can see, King Dollar has made a series of higher highs while maintaining its...
Gold Bullish Sentiment At Extremes While Testing 2011 Highs. Different Results This Time?
When sentiment reaches extremes, markets are often near important long-term inflection points. Is the current extreme in Gold sentiment suggesting that an important inflection point is in play? This chart looks at Gold on a monthly basis over the past 40-years, with...
Silver Rally: Next Stop $27?
Silver is finally waking up from a long bear market and multi-year slumber. Gold kick-started the precious metals rally and finally Silver is following suit… and perhaps even leading. In today’s chart, we can see that the price of Silver is breaking above a 6-year...
Silver to Gold Ratio Attempting Bullish Breakout
For the first 4 months of this year (2020), Gold was the only bullish story in the precious metals sector. But come May, Silver began to perk up. And since then, Silver prices have been on a tear. In today’s chart, we look at the ratio of Silver (SLV) to Gold (GLD)...
King Dollar About To Crash? Long-Term Support Test In Play!!!
Is King Dollar about to fall off the table and experience a large decline? An important long-term support test is in play right now! The U.S. Dollar has created a series of higher lows for the past 9-year years along line (1). These higher lows reflect that King...
