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Strong

Gold & Silver: Silver Is The First Up

Aibek Burabayev - INO.com Contributor - Metals


Those who hope tell themselves - one day the tide will turn. I think a lot of people are either long or they’re not and were waiting for the rise of the top metals. Below are fresh charts which could help us to understand where we are and when the tide will turn higher.

Chart 1. Gold Daily: Watch The Breakup For Reversal

Daily Gold Chart W/RSI
Chart courtesy of tradingview.com

I’ve written quite a lot in my previous posts about the tricky nature of corrective structures which have unpredictable outcomes. But the more time we spend inside of it, the higher are the chances that the situation becomes clearer. [Read more...]

Which Asset Is A Top Gainer? Silver? Bitcoin? Try again!

Aibek Burabayev - INO.com Contributor - Metals


At the start of this year, I wrote about Bitcoin and its unrivaled blast-off dynamics compared to conventional assets for the Y2015. Of course, the main reason for this was the effect of the 'start-up.' In other words, if we get something useful and demanded out of 'nothing' or better say virtually it surely will show you the rocket dynamics on the chart.

Digitalization is in a full-scale offensive with the smart things coming more and more in our life. The word 'SMART' at the beginning of something new and technologically advanced from SMARTphones to SMART contracts is now a common thing.

Technology moves at a terrific speed these days and what was at the avant-garde of it a few years ago was Bitcoin; now it could be deemed as traditional or outdated. Today I would like to show you a brand new star of the market, which is called 'Ether.' [Read more...]

Silver Miners Could Have Made You A Fortune

Aibek Burabayev - INO.com Contributor - Metals


At the start of this month, I shared with you the comparative dynamics of gold and gold stocks. I joked that the commodities traders could only envy the stock investors as the results of gold purchase were laughable compared to investing in stocks. And today I would love to show you an even more surprising results of silver stocks.

Part I. Comparison

Chart 1. Top Silver Stocks Vs. Silver: This Brilliant League Is Not For Metal
Top Silver Stocks Vs. Silver
Chart courtesy of tradingview.com
The above chart has a high resolution and to see it in a full size; please click on the chart. It shows us the comparative dynamics of silver and the top silver stocks by market cap.

The 5 stocks are sorted by market cap: [Read more...]

Top Metals Smashed The Euro! Will It Hit Back?

Aibek Burabayev - INO.com Contributor - Metals


I started to cover European gold at the beginning of this year when it was at the 1000 EUR level. In spring I added silver to the pack as it had an interesting setup on the chart. Today I would like to share with you an update of the charts and to show you the outcomes.

Let us start with a single currency chart and see if we can find some clues which could help us with the metal crosses charts.

Chart 1. EURUSD Monthly: RSI Calls For Higher High

EURUSD Monthly
Chart courtesy of tradingview.com

Now, after almost two months, the dust of BREXIT hysteria has settled. The euro has managed not just to survive, but to score more than 2 cents after it touched the $1.09 mark on the referendum selloff in June. Friedrich Nietzsche once said - "That which does not kill us makes us stronger." The light version of the chart above had been shown to you in May.

The euro is still sitting on the very important trendline (dark gray) and the similar price action was earlier when the price approached this trendline. I mean the same combination of lower highs amid higher lows. The RSI has the same divergence as in 2001. This time, we have a flatter downtrend (orange) and the RSI is still below its trendline unlike in the previous case.

There are three triggers which could help the euro to have a big against US dollar once they are broken: [Read more...]

Signs Are Silver Bull Market Is Consolidating

Having hit a target, silver has formed what is believed to be an intermediate top over the past five weeks or so, which it should soon start to descend from, says technical analyst Clive Maund.

Silver 8-month chart

On its three-month chart, we can see this presumed topping pattern started with the appearance of a prominent "Gravestone Doji" or "Shooting Star" candlestick early in July, with its negative implications being amplified by its having occurred on very high volume. While moving averages are in bullish alignment, the now yawning gap between the 50-day and 200-day makes a correction likely. After dipping back during August, the price rallied toward the highs early this month, and then failed, dropping hard on Friday, making it very likely that a Double Top is completing. [Read more...]

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