Silver Update: The Time Is Up

Aibek Burabayev - INO.com Contributor - Metals


This post is dedicated to silver as the projected period of consolidation set in my previous Gold & Silver post finished last week on Tuesday, the 18th of April. Let’s see the result of that “Cloning” experiment below.

Chart 1. Snapshot Of Experiment Result: Good Range Wrong Timing

Silver Chart
Chart courtesy of tradingview.com

The chart above is a snapshot of the projected graph within the “Cloning” experiment posted earlier. As we see the price didn’t follow the red down arrow and reversed higher up to the top of the rectangle where it was blocked successfully. And the anticipated down move started right at the end of projected period missing the time target. Continue reading "Silver Update: The Time Is Up"

Silver Stocks: Favorite Failed To Deliver... Or Not?

Aibek Burabayev - INO.com Contributor - Metals


Dear readers, thank you for sharing a moment to leave your stocks preferences below my previous post! Some of you even trusted me to analyze some high-tech stocks, I am honored, and maybe one day I will find time to do it. Silver stocks and gold stocks are in your focus as I understood. This post is dedicated to the silver stocks.

This February I analyzed the top silver stocks (by market cap) and brought you some interesting and potentially profitable disparity that I found on the chart. After the comparison chart I asked you to pick your favorite stock among the top five and below is the graph of the voting results.

Graph 1. February 2017 Stock Pick Voting Results

INO.com Poll

The majority of you chose Silver Wheaton Corp. (NYSE:SLW) as your favorite. First Majestic Silver Corporation (NYSE:AG) ranked second and Coeur Mining Inc. (NYSE:CDE) was the third. Let’s see how those stocks behaved after the vote in the chart below that covers the period from the vote till now. Continue reading "Silver Stocks: Favorite Failed To Deliver... Or Not?"

Gold & Silver: History May Repeat

Aibek Burabayev - INO.com Contributor - Metals


People record history from ancient times only to find that nothing is new in this world and everything repeats in cycles, waves, high and low tides, and therefore it is quite useful to have those historical records to project the future as it is another human propensity.

It is always a big challenge to be the first in doing something as you face uncertainty, and those who go next can learn from the achievements and mistakes of the pioneers. A few days ago, my eyes caught an interesting similarity in the chart history of gold’s price, which could give us a clue of an upcoming price development and I am happy to share it with you below.

As you may already notice from time to time I post different experimental charts, which use a variety of uncommon approaches in analyzing the markets to expand the scope of our vision. In this post I used the clones of the historic moves, which could shed light upon future moves.

I squeezed the charts to let both legs of the current upside move to fit in the snapshots, that’s why I would recommend you to open both graphs in a separate window for a comfortable view. Continue reading "Gold & Silver: History May Repeat"

Gold & Silver: Gold Is Looking For Support As Silver Is Testing Resistance

Aibek Burabayev - INO.com Contributor - Metals


We've entered the period where patience is paid generously as it is too early to buy the gold now and too late to buy the flying silver. I don't recommend a countertrend sell as corrections are very tricky and require an extensive experience. It is good just to sit back and watch the price action.

Chart 1. Gold Vs Silver 4H: Huge Divergence

4 Hour Chart Gold vs. Silver
Chart courtesy of tradingview.com

I refreshed the previous comparison chart, which starts from the low in the gold price established on the 10th of March.

Last week the gap between these top metals only widened with silver's gain almost exceeding two times that for the gold. The Gold/Silver ratio dropped severely from the 71.3 oz top (March, 23) to the 68.4 oz close last week losing almost all of the gains achieved in March. Continue reading "Gold & Silver: Gold Is Looking For Support As Silver Is Testing Resistance"

Gold & Silver: Gold Was Benched, Silver Is Still In The Game

Aibek Burabayev - INO.com Contributor - Metals


We should wait for the market to show us the way by moving the price on the chart with visible changes. I posted the fresh tactical map for both metals 2 weeks ago using the daily time frame. The market is moving within my expectations so far and I decided to post an update using lower time frame charts, which could supplement the picture as no big levels were triggered yet. It would be useful for those who are not yet in the game and are looking for fresh opportunities to enter.

I dedicated the very first chart to the comparison of top metals’ behavior as several times before we witnessed that one top metal signals upcoming changes in the market earlier than the other. Putting them side by side clearly shows the differences in their price behavior, not seen in the separate charts.

Chart 1. Gold Vs Silver 4H: Leader Vs Laggard

Gold vs. Silver Chart
Chart courtesy of tradingview.com

The starting period for the chart above was chosen for the low in gold price established on the 10th of March as silver dropped to a new 5 day low later on the 15th of March. It was the first good signal for silver bugs to keep the metal as gold didn’t confirm that drop. Continue reading "Gold & Silver: Gold Was Benched, Silver Is Still In The Game"