Sunday, May 23, 2010

Silver Consolidation Pattern Almost Done? Higher Prices Ahead.

James Turk has just posted a quick read with an excellent chart showing that silver is inching ever closer toward a breakout from a massive consolidation pattern.  Will silver charge ahead this summer while everyone else is sleeping?  Read it Here

Monday, May 17, 2010

Eric De Groot Says Silver Is Near Three Taps and Out.

Check out Eric's predictions on the price action of silver.  If three taps and out is correct then silver should have a nice move higher.  3 Taps And Out - Silver

Tuesday, May 11, 2010

Silver Prices Moving Higher As Silver Manipulation Awareness Rises

Silver and gold prices are rising as people become more aware of the silver and gold manipulation schemes long asserted by GATA and others like Ted Butler.

More information continues to surface regarding the silver manipulation scheme that has kept silver prices low for so long.  The probes are centering on whether or not JPMorgan, a top derivatives holder in precious metals acted improperly by shorting silver to keep its price artificially low.

According to this breaking New York Post Story, The Commodities Futures Trade Commission is looking into civil charges, and the Department of Justice's Antitrust Division is handling the criminal probe, according to sources, who did not wish to be identified due to the sensitive nature of the information.

In the last 5 days, the price of the silver ETF (SLV) has risen from $16.73 to its current price of $19.01 per share.  The ETF (SLV) is supposed to track the price of silver and is actually supposed to represent physiscal silver that has been purchased and is under the control of the fund itself.

Monday, May 10, 2010

Silver to Gold Ratio - Bullish Continuation Chart Pattern?

As Gary at Biiwii watches the Gold Silver Ratio consolidate and get ready to head higher, I am pondering the opposite outcome. Will the Silver to Gold ratio instead head higher and witness silver outperform gold?

See Gary's chart showing the bottoming process of the Gold:Silver Ratio and then compare it to the following charts.

Compared to this Symmetrical Continuation Bullish Triangle pattern:

So what will it be?  Is Silver going to outperform gold or will it happen as Gary predicts?

Thursday, May 6, 2010

Gold Silver Ratio Heads Higher. Gold Proving to Be the Ultimate Currency

Gold headed much higher on Thursday while silver was lower for quite a while and struggled to keep up. Silver did eventually head a little higher, but once again gold asserted its strength as the ultimate currency and outperformed its little ugly stepsister silver.

While the DOW was down over 1000 points at one point, Gold could not be kept down. The physical market was too strong for the gold paper pushers and took off in the middle of the Stock Market Meltdown.