A recent business insider article calls ‘Gold bugs’ thin skinned misanthropes because Warren Buffett “..devotes a few paragraphs to gold and the fools who worship it” in his upcoming annual letter!! Regular followers of this blog know that I had turned cautious on Gold around $1700’s and bearish in September 2011 – just establishing […]
Silver saw a steep drop from $50 to $32 in the month of May and the rise post that has been in a corrective fashion. The above chart of silver shows a rising wedge pattern with a typical throw-over to the upside. Yesterday’s close was well below the bottom of the rising wedge and this should usher […]
The up move in Gold is starting to look similar to what silver was in April. Yesterday’s intraday high of 1782 and a much lower close is the first warning sign. This does not necessarily mean that Gold will start crumbling right away. In fact an erratic rise, like the two scenarios shown on the […]
Just one day prior to the anniversary of Dow’s 1000 point crash, the Ghosts of the ‘flash crash’ came back to haunt risk assets with greater ferocity. Crude got walloped by 10%, Gold got slammed by over $50 and Silver was decimated by another 12% on top of its recent sharp drop!! The force behind this […]
Gold broke through a short-term trendline and has opened up potential for downsides. (If you see our last few posts on Gold, we have been anticipating this decline.) If you are a wave fan, you would note that this decline is coming after a 5 wave advance and this decline below 1352 marks the beginning […]
The precious metals sector is throwing some serious warning signs. Check these charts.
A couple of weeks back I had posted a note on my own derived indicator and highlighted how important it was for the indicator to hold above the previous trough. On Friday, this indicator dipped below the previous trough on a closing basis and has warned that the Indian markets have probably peaked and a […]