Gold; 8-Year Breakout Attempt In Play!

Gold; 8-Year Breakout Attempt In Play!

Since the 2011 highs, Gold futures have created a series of lower highs and lower lows inside of falling channel (1). The rally since the lows in 2016 has Gold facing the top of its 8-year falling channel at (2). This test comes into play as resistance for Gold,...
Santa Claus Rally Taking Place Here!

Santa Claus Rally Taking Place Here!

While it’s easy to find articles that suggest a Santa Claus rally isn’t taking place this year, the Power of the Patterns would disagree! This chart looks at the performance from several assets in the metals sector the past 30-days. Even though all of...
Silver miners testing key breakout level!

Silver miners testing key breakout level!

Silver miners (SIL) have had a rough 7-years, as the ETF finds itself nearly 75% below its 2011 highs. No doubt the long-term trend remains down. SIL is has declined 27% since the first of this year (See chart below), where it is testing a falling support line at (1),...
Gold Miners Attempting Multi-Year Breakout

Gold Miners Attempting Multi-Year Breakout

CLICK ON CHART TO ENLARGE The Junior Miners/Senior Miners Ratio (GDXJ/GDX) can often signal when key turning points are about to take place for Gold & Silver Miners. Above looks at this ratio, which highlights that a multi-year narrowing pennant pattern has been...
Silver attempting breakout at 20-year support

Silver attempting breakout at 20-year support

CLICK ON CHART TO ENLARGE This chart looks at the Silver/Gold ratio on a monthly basis over the past 20-years. When the ratio is heading higher, Silver is stronger than Gold. Since the 2011 highs, the majority of the time the ratio has been heading lower, reflecting...