Gold Market UpdateIn the context of the magnitude of the rally from the December lows that preceded it, goldís reaction from its March highs, see 1-year chart below, seems like a reasonable correction, although there have been some factors indicating that this is not a normal healthy reaction, such as the high downside volume, particularly in stocks...
Posted at 7.30 am EDT on 21st April 14
Silver Market UpdateSilverís recent rally was feeble compared to goldís, and the retreat that followed has already erased all of the gains made, and already brought it back close to key support at its June and December lows, as we can see on its 1-year chart below. This much lower high and recent preponderance of downside volume are negatives that portend a severe test of this support and its possible failure soon. However it should be noted here that failure of this support wonít necessarily lead to a severe decline, as it may be that silver simply wants to gravitate towards its long-term uptrend line, which we can see on the long-term chart further down the page, which is now not all that far beneath the support...
Posted at 8.20 am EDT on 21st April 14.
Oil Market UpdateOil has been a dull market for years now, with the price trapped in a relatively narrow trading range, which is why we havenít paid it much attention in the recent past, but there are signs that this is set to change soon.
Posted at 3.00 pm EDT on 19th April 14.
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