Premium Technical Analysis for the Gold, Silver & Energy Markets
Clive Maund
gold, silver, & oil shares
RECENT REPORTS
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Gold Market Update
This Gold Market update is going to be short and to the point for 2 reasons. One is that I am too busy writing up stocks for subscribers to devote much time to the world at large - they are being written up as fast as possible, for reasons that will become obvious as you read on. The other reason is that for the 1st time in many months, the situation is nice and clear, and doesn't require a time wasting diatribe...Posted at 1.15 pm EST on 29th January 12 Silver Market Update
An important reversal has now completed in silver and it is in the early stages of what promises to be a powerful uptrend that should take it comfortably to new highs...Posted at 2.30 pm EST on 29th January 12. Oil Market Update
The prediction for another downleg in oil made in the last Oil Market update posted in mid-September came true, as it then proceeded to drop back quite steeply to support at its August lows, as we can see on the 10-month chart for Light Crude shown below. After that, however, a strong uptrend developed which broke oil out of its larger downtrend in force from early May. This uptrend eventually stalled out about a week ago at the zone of resistance that we had previously delineated in the $102 - $104 zone, with a "bearish engulfing pattern" suddenly appearing on the charts, suggesting that an important intermediate reversal was occurring and immediately after oil broke down from the steep uptrend shown on the chart...
Posted at 11.40 am EST on 25th November 11 |
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The above represents the opinion and analysis of Mr Maund, based on data available to him, at the time of writing. Mr Maund's opinions are his own, and are not a recommendation or an offer to buy or sell securities.
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