Gold & Silver Daily: Ladies And Gentlemen, The Bull Flag!

Posted on by Aibek Burabayev

Aibek Burabayev - INO.com Contributor - Metals


Today when I saw that precious metals started to rise after a correction I detected on the charts my favorite pattern called the Bull Flag. This pattern can change the targets depicted in my earlier gold and silver posts, better say enrich them.

Chart 1. Gold Daily: Beyond 1300!

Daily Gold Chart
Chart courtesy of tradingview.com

Gold is in the blue multi-month uptrend. The angle is not as sharp as it was at the start of the year, but it still can take gold to fresh highs. Continue reading "Gold & Silver Daily: Ladies And Gentlemen, The Bull Flag!" →

Gold And Silver Companies With The Potential To Move The Needle

Posted on by admin

The two times mining companies add the most value are upon first discovery and when they are nearing development and production. Joe Reagor of ROTH Capital Partners focuses on the latter group, and in this interview with The Gold Report, he discusses a handful of gold and silver companies poised to move up the value curve even if gold and silver don't go up.

Gold Six-Month Chart

The Gold Report: What's your macro outlook for gold?

Joe Reagor: International debt concerns are going to drive gold this year into next year, in our view. A number of countries with mounting debt loads can't continue to pay the interest portion of their debt, let alone ever pay it back. Total world debt continues to increase year after year. If the solution is for everybody to print the money that they need to pay everybody else back with, that's going to be a massive inflationary event, which would bode well for gold.

TGR: Silver has been up dramatically vis-a-vis gold. Do you expect that trend to continue? Continue reading "Gold And Silver Companies With The Potential To Move The Needle" →

The Next Big Swing In Stocks

Posted on by The INO.com Team

Over the weekend I was analyzing the charts and it appeared to me that with Friday's red Trade Triangle on the S&P 500 that stocks have topped out. The similarity between August and September and this January and February is quite startling. If the same pattern holds true then the next big swing in the stock market will be to the downside.

Already we have seen weekly Trade Triangles in the NASDAQ (NASDAQ:COMP) and just recently in the S&P 500 (CME:SP500). These weekly red Trade Triangles many times act as early warning system and are a strong indicator to move to the sidelines in the case of the Indices.

I would not be surprised to see more back-and-forth choppy trading action before the market eventually falls under its own weight.

I am looking for stocks to make a cyclical low sometime in June if the same cycle holds true.

Daily Chart S&P 500 (CME:SP500)

S&P 500 Chart Legend

1. First Low
2. Pivot Point
3. Second Low
4. Cyclic High
Continue reading "The Next Big Swing In Stocks" →

The Dollar Index: Make Or Break?

Posted on by Aibek Burabayev

Aibek Burabayev - INO.com Contributor - Metals


In this post, I would like to offer a global outlook for the gauge of the most financial assets, for the US dollar via its index DXY.

It is important to understand the global trend for the dollar to plan our precious metals strategy. I've included four charts below with different periods of observations and you can judge for yourself what you are after.

Chart 1. Dollar Index Monthly (1985-2016): Looks Bad!

Dollar Index Monthly
Chart courtesy of tradingview.com

On the monthly chart above, we see that the dollar dropped from the 125+ levels, then made a correction to the blue A point at the 121 level. After that, from 2001, we saw another massive sell-off of 51 points down to the 70 level in he notorious 2008. Continue reading "The Dollar Index: Make Or Break?" →