Gold, Silver, Miners Monthly and Weekly Charts Review

Gold Silver Miners Monthly and Weekly Charts Review:

This is probably the longest report that I have done to date so grab a cup of coffee or a can of beer before starting as this may take a while for you to understand the essence of the charts as you study the indicators and the chart patterns.

The report is laid out to show a close up of the chart and then the complete chart with all indicators is shown. I use all the indicators to help me provide the price actions momentum and when used with price action technical analysis, it can be very powerful.

Please note that all the live charts for below are in the links section for subscribers.


Gold Monthly 

Gold price action is up against a massive resistance trend line, it has been butting against. Looking at the indicators, they are all at the top and don’t have enough energy to break out at this moment.

Price has to do a swing down to gather momentum. We can expect price to test 1200 or so before a blast higher in 1st quarter 2017.

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Gold Weekly chart.

Indicators are pointing up so we can expect a rally to test the down trend line one more time before a breakdown.

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Gold COT are still high. Once the hedgers are scared they may try to exit all at once and could cause the price to collapse. 

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Silver Monthly: With all indicators is below and you can see that they are all the top of the range and could make a trip back down before breakout.

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Silver COT are still up in the sky for commercial short positions shown by the brown bars. Once they start to exit these positions, expect a massive drop in silver. That will then reset the sentiment to bearish level, which is required for the bull to continue.

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Silver Weekly: Also we are in month 8 of price rising and its time for a correction which scares the longs. If price breaks down from red fork, there is a 80% chance that it will tag the bottom red rail as shown by the red circle.

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GDM Monthly: Gold Miners Index. The indicators have definitely turned negative and 80% probability of targeting the middle median line.

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GDM Weekly should give us a more detailed look at the price action and provide guidance as to what price may do in the short term. CCI and RSI are turning up so we can expect price to tag the middle median line again.

Also the cycle curves are showing that price has peaked and we can expect price to drop after a brief uptick.

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ABX – Barrick Gold is a major miner. We can see that CCI has definitely crossed down the trigger line, so my expectation is that it will tag the middle red median line.

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AEM : Agnico Eagle Mines is also a heavy weight in this sector. I believe we have hit a top for this rally so with indicators curled down, we can expect price to at least target the middle red median line and worst case will bounce off the blue bottom rail. Timing will be published as get closer. 

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ASA Monthly: The patterns look similar to what we have seen above.

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AU Anglogold Ashanti: The patterns look similar to what we have seen above.

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AUY Monthly: The patterns look similar to what we have seen above.

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FCX Monthly: The patterns look similar to what we have seen above.

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FNV Franco Nevada Corp

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FSM Fortuna Silver Mines:

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GFI

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KGC Kingross Gold Corp

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MAG Silver corp

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NEM Newmont Mining

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NG Novagold Resources

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PAAS Pan American Silver Corp

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Gold, Silver, Miners, Stock Market Big Picture Forecast! It’s a Bull Market!

Post by PreciousMetalsForecast.com

Let me start off by saying this, we are in a Bull Market in Gold, Silver and Miners which started in earnest in January of 2016.

In this report we will look at the major factors which are going to affect the price of the PM complex, stock markets etc

Dollar drives the markets, so it is critical to under the structure of its price action.

Looking at the Monthly chart of the dollar below, we can see that it has broken out of the downtrend line and currently coiling in to a spring, which hold energy. Also price is resting on the purple fork.

dollar

What investors have to understand is that in the big picture, Gold, Silver, Miners, Stock Market and Dollar are going to go up as they are in Massive Bull Market.

In order for these markets to rise we need one common denominator. And that factor is massive buying on an unprecedented pace.

Where is that money going to come from?

Our charts of the bond market are flashing a sell signal as you can see in the long term monthly chart of TLT. As you can see the bond market has been in a bull trend based on the upsloping angle of the fork since 2002. Now the Price has bounced off the top trend line and the CCI and RSI indicators have topped and beginning to fall.

tlt-20yr

The bond market is at least 10 times bigger than the stock market and when that breaks down, all that money is going to start funneling in to the gold, silver, miners, stock markets, and dollar.

Now lets look at how high and when can we expect these markets to reach these levels.

On the below gold monthly chart, price has been rallying for the past 8 months and now is at critical resistance as shown by the blue downtrend line(double line). Once price breaks out of this (timing and live charts to be shared with subscribers only) and it is coming up soon. Once the price starts climbing we have targets for gold in the range of $5000 to $8000 by 2020-2021(exact dates are for subscribers).

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Gold Live Link Chart:

http://stockcharts.com/h-sc/ui?s=%24GOLD&p=M&yr=20&mn=8&dy=0&id=p48916344796&a=463514033&listNum=15

Silver Monthly chart. You can see that silver has bounced of the bottom rail and is on its way. our target for silver will be in the range of $500 to $600. Its going to be a paradigm shift. We will keep track of its progress on the site.

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Miners Monthly Chart using the miners index HUI. Once the price breaks overs the down trend fork line, its off to the races.hui

Good Luck and subscribe to our services to prosper and track with us this massive multiyear bull rally in Gold, Silver, Precious Metals Complex and Stock Markets.

By

Krystar

Owner of PMF www.PreciousMetalsForecast.com

Subscription link: http://preciousmetalsforecast.com/register/

Special 20% Discount for Market Oracle Readers: Use coupon code 21020538 to get 20% off 1yr annual subscription

© 2016 Copyright www.PreciousMetalsForecast.com– All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilizing methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

 

Gold, Silver and Miners Weekend Report

Next week is going to be critical as we are at a critical junction with respect to the moving averages in the precious metals forecast.

Lets start by looking at Silver.

On the weekly you can see that Silver has started to breakdown in its indicators. CCI is below the 80 line with confirmation from RSI. I am forecasting a inverse head and shoulders pattern forming which should be a good formation for the baby bull market to establish. This market may run up for the next few years. Also note that the slow stoc is turning.

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The silver daily chart next shows the potential island reversal pattern (cyan circle). Very high likelihood of it gapping down next week. Also TRIX has crossed down. Very bearish sign atleast until the brexit on June 23rd

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On the next gold weekly we can see that all the indicators are turning down nicely. Also notice that there is a gap at 114 that needs to be filled up…sc (2)

On the GDX weekly you can see that stocRSI is dropping giving us an advance warning that this sector is going to go down. Also I have drawn the thought pattern for GDX for the next few weeks…Fast TSI is ready to cross over…

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The final chart driving all the above action is the usd…I will looking to get into the precious metal markets when dollar reacts to the blue line…

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Good luck to us all NOW!!!

Gold Market Update

Gold is getting to ready to make a move…gld

in the above chart you can see we have developed a double bottom and gold has started to move up…scCAO9UWRP

in the above chart you can see the parabola from  2010 seems to have completed its move…   

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