Clive Maund https://goldbroker.com/news/authors/clive-maund Silver continues to put in a laggardly performance relative to gold, but this is not a cause for concern, it is normal at this stage in the cycle, and it gives would be investors in the sector more time to position themselves. On its latest 10-year chart we can see that it is rather remarkable that silver is still only $4 to $5 above the lows of its bearmarket late in 2015 and early in 2016. However, with gold now romping ahead, this is not a situation that we can expect to continue for much longer. Positive points to observe on this chart are how silver is now advancing away from the 2nd low of a giant Double Bottom on strong volume that is driving its volume indicators higher, which is clearly a positive sign, and with moving averages now in strongly bullish alignment, it is well positioned to work its way through the bands of resistance shown that until now have held it in restraint, and that is what it is doing. Once it gets above the uppermost of the resistance ban... Mon, 24 Feb 2020 08:43:50 +0000 https://goldbroker.com/news/silver-underperforms-gold-normal-during-early-stages-major-bullmarket-1769 Gold is now a major bullmarket as evidenced by its strong breakout from a giant 6-year long base pattern in August. The larger trend is up. We had thought that it might react back closer to the breakout point before turning higher again, but it didn’t, and started higher again in recent days over the Christmas period. This is a sign of greater strength. There is a broad array of fundamental reasons for a bullmarket of unprecedented magnitude in gold, but by far the most important of them is the ongoing and accelerating destruction of currencies by Central Banks. They are responding to crushing debt burdens with money creation on a gargantuan scale, and we can expect them to maintain a low or negative interest rate environment and to pump money like crazy, since faced with a choice between a liquidity lockup and systemic implosion, and rampant money creation leading to hyperinflation, they are bound to follow the latter course because it is more gradual and buys them mor... Tue, 31 Dec 2019 08:18:36 +0000 https://goldbroker.com/news/bullmarket-unprecedented-magnitude-gold-1721 Gold and silver dropping back again late last week had investors in the Precious Metals sector feeling despondent, especially as their fears were magnified by at least one analyst calling for gold to drop to the low $900’s or even lower, which is normal when prices sink, but our charts are instead suggesting that gold and silver are close to completing giant bottoming patterns that started to form (in the case of gold) as far back as 2013. We can best see gold’s potential giant base pattern on a 10-year chart. It can be described as a complex Head-and-Shoulders bottom or as a Saucer, and is best considered to be both, or perhaps as a hybrid having the characteristics of both patterns. In any event, as we can see on this chart, it appears to be drawing close to breaking out of it, which will be a very big deal if it happens, because a base pattern of this magnitude can support a massive bullmarket. As for timing it could take several months and it is most likely to happ... Wed, 22 May 2019 18:41:46 +0000 https://goldbroker.com/news/big-picture-for-gold-and-silver-continues-look-strongly-positive-1541 Thursday last week was a momentous day for the Precious Metals sector with gold, GDX and other índices, and giant gold ETF, GLD all breaking out on impressive volume, and this development was all the more extraordinary because it happened when the broad stockmarket was crashing. This is viewed as a strong sign that instead of being dragged lower still by a crashing stockmarket, the PM sector will soar. Silver hasn’t broken out yet, but it should soon follow suit. In recent weeks we have been wary that, despite highly favorable COTs and Hedgers charts and rotten sentiment indicators etc, a general asset liquidation might drag the PM sector even further down, but Thursday’s extraordinarily positive action by the sector serves to allay those fears. Of course, it’s not hard to see why the PM sector might do the opposite to what it did back in 2008 when the market crashed, and it nosedived too. There are two very big differences this time. One is that, before the 2008 crash,... Mon, 15 Oct 2018 15:44:45 +0000 https://goldbroker.com/news/gold-7-year-bearmarket-phase-is-over-1413 We are now seeing an overwhelming body of evidence coming together to suggest that gold and silver have hit bottom, and that even if they haven't, the bottom is very close and downside risk is very limited. On a more mundane level, the drop in gold and silver prices the recent past is pushing many mines to the brink of becoming economic at a time of an impending supply crunch, a situation that must soon lead to higher prices. Whilst we were premature in calling a bottom earlier this year, it really does look like the time has come to "back up the truck" for reasons that we will now set out as briefly and succinctly as possible. Starting with gold's 6-month chart, we see that on Friday it had its biggest up day for about 5-months, with a large white candle and "bullish engulfing pattern" which has made an approximate Double Bottom with the lows of about a week ago, with this occurring at a time when it is deeply oversold, as made clear by th... Tue, 28 Aug 2018 14:21:28 +0000 https://goldbroker.com/news/gold-cots-sentiment-super-bullish-as-fed-set-reverse-course-1380 Gold continues to build towards a breakout from a major base pattern, a giant Head-and-Shoulders bottom that we can see to advantage on its latest 10-year chart below. At present it is battling the headwinds of a dollar rally, but a dollar rally won’t stop it, because when we talk about a dollar rally, we mean against other fiat, and all fiat is in the latest stages of a long journey to oblivion, which actually started way back in 1913 with the creation of the Federal Reserve, and accelerated dramatically following Nixon’s elimination of the gold standard in 1971, and started to enter the terminal blowoff phase following the 2008 financial crisis that led to an orgy of money creation culminating in QE. On the 10-year chart it looks like “all systems go” for gold, with the price advancing steadily towards the neckline resistance at the upper boundary of the pattern on greatly increased volume, which has driven volume indicators to new highs, a very bullish sign.... Mon, 07 May 2018 20:08:47 +0000 https://goldbroker.com/news/gold-will-do-moonshot-1315 We now have the most bullish setup for silver that we have ever seen. After trading sideways / down for over 20 months now, investors have completely lost interest in it, which is of course the perfect breeding ground for a huge rally that seems to come out of nowhere. As we will proceed to see both COTs and the silver to gold ratio are at record extremes that point to a major bullmarket in silver starting imminently. We will begin by looking at the latest price charts for silver. The 6-month chart looks dead boring, which is of course why those who are habitually wrong are making the dangerous mistake of shorting it. If you can stay awake for long enough looking at it, you will observe a dreary neutral trend and somewhat bearishly aligned moving averages – it certainly isn’t this chart that stirs our interest in silver. If you know what you are looking at the 8-year chart presents a much more encouraging picture. While this chart superficially looks boring and... Tue, 10 Apr 2018 00:32:17 +0000 https://goldbroker.com/news/stunning-silver-setup-1296 The last Gold Market update almost a month ago called the intermediate top within a day, as you may recall, and the subsequent Gold and US Dollar Interim update called the rally in the dollar the day before it started. Having seen a significant reaction back by gold, the question now is “Has it run its course?” The short answer to that is yes, although calling a bottom here is complicated by the fact that gold’s COTs have not eased as much on the reaction as we might have expected, and the dollar Hedgers’ chart is still flat out bullish for the dollar. What this means is that we may need to see some bottoming action by gold, even if it soon breaks out of its rather steep short-term downtrend, and another possibility that we will examine is that the dollar and gold rally in tandem, a rare circumstance that could be occasioned by an extreme development such as an attack on North Korea, although if this happens the peoples of Seoul and Tokyo will doubtless have more importa... Mon, 09 Oct 2017 08:13:56 +0000 https://goldbroker.com/news/there-are-times-when-dollar-gold-silver-rally-together-1210 Gold continues to build towards its breakout from a massive 4-year long base pattern. This is likely to occur when the dollar breaks down from its topping pattern, and is expected to lead to a bullmarket that will dwarf the last one from 2001 through 2011, and may be given a tailwind when the cryptocurrency Ponzi scheme implodes. In some quarters gold is being described as having broken out already, as are gold stocks, but they haven’t yet, as we will see, and we will also look at evidence that points to the probability of a short to medium-term dollar bounce and a pullback in the Precious Metals sector before the big breakout occurs. On gold’s 10-year chart we can see its fine giant 4-year long Head-and-Shoulders bottom approaching completion, with the price rising up in recent weeks to the broad band of quite strong resistance at the top of the pattern, partly due to tensions over N Korea. These are expected to ease, which will make a short-term correction back more... Tue, 12 Sep 2017 00:54:22 +0000 https://goldbroker.com/news/the-long-term-outlook-for-gold-could-not-be-better-1191 Because the dollar has such an important bearing on everything, especially the Precious Metals, it is timely for us to take a close look at it here after its recent steep drop, for as some of you may have seen, a number of indicators pertaining to the dollar suggest that, possibly after some further downside it is likely to bounce, or at least take a rest in a sideways range for a while, before the decline perhaps resumes in earnest. We’ll start by looking at a couple of these indicators. The latest US dollar Hedgers chart, which is a form of COT chart, is certainly starting to look bullish, and until these positions ease somewhat, further significant downside for the dollar in the short-term looks unlikely. Meanwhile the latest Dollar Optix, or optimism chart, also shows that pessimism is getting overdone. This doesn’t necessarily mean that the dollar’s downtrend is done, however, as minor rallies can cause this to ease before it then plumbs new lows. These tw... Wed, 09 Aug 2017 16:28:27 +0000 https://goldbroker.com/news/reconciling-the-us-dollar-outlook-with-the-super-bullish-gold-and-silver-cots-1164