Tag: bear flag

Metal Tactics: Short Silver and Palladium With A Tight Stop

Posted on by Aibek Burabayev

Aibek Burabayev - INO.com Contributor - Metals


Dear INO.com Readers,

The end of January brought worrisome signals to the metals' bulls and I want to show you where Silver and Palladium failed to sustain growth and why.

Silver Is In A Downtrend

Let's start with Silver, as it's more liquid and therefore more interesting. Below is a weekly candle chart. I started my metals posts from an overview of a monthly time frame and now I am digging deeper into details using a weekly period.

Weekly Silver Candlestick Chart

The medium term trend is bearish. At the end of 2014, Silver managed to stop a free fall that started above the $21 level. Price sculpted a double bottom figure (highlighted in the blue semicircle) in the $15-18 range. Continue reading "Metal Tactics: Short Silver and Palladium With A Tight Stop" →

Silver is in a Bear Flag

Posted on by The INO.com Team

Seeking Alpha has only 3 entries under the ‘Gold & Precious Metals’ section of its most recent ‘Macro View’ email notice:

  1. Silver: Another Decade of 500% Returns is Possible
  2. Silver: Are We Ready Yet for the Rally to $60+?
  3. Silver is Set to Explode in 2013

To be fair, the second article highlights lower near-term targets prior to a rally to $60+ and this brings me to my point; silver is in a bear flag.  I too am bullish on Ag and Au in 2013, but the charts are the charts and silver’s daily chart targets 27-28 first, which we have been noting in the newsletter despite a recent change to a bullish risk vs. reward stance on the precious metals complex. Continue reading "Silver is in a Bear Flag" →