Wednesday, July 08, 2015
“Black gold” is now testing the 50% Fibonacci retracement of its entire
Q2 rally at 52.30, but if that level gives way, a continuation down
toward the 61.8% retracement near the psychologically-significant $50
level could be next.
MasterMetals: #Dollar/ #Loonie may have a date with six-year hig...: Dollar/Loonie may have a date with six-year high as crude’s collapse continues Global traders remain hyper-focused on the ...
Monday, May 18, 2015
Silver has now crossed the 100 and 200-day moving average and the next target would be the 400-day moving average around US$ 20 per ounce. The Point&Figure chart above shows a triangle formation just about breaking out on the upside.
Friday, February 13, 2015
Tuesday, January 13, 2015
Gold shares had another good day yesterday.
MasterMetals: #Gold indices rising sharply $HUI $XGD.TO $GLD
The HUI Gold Bugs Index rose 8% to 194.33 and is approaching the 200-day moving average at 208.27. The S&P/TSX (Toronto) Global Gold Index ETF (symbol XGD) CAD 10.85 (+4.7%) is trading already at the 200-day moving. This index is up around 20% from year-end. The gold spot price is approaching (US$ 1,242 per ounce) is also approaching the 200-day moving average at US$ 1,256 per ounce.
I remind you that gold shares are rallying from a very depressed and oversold level, so strong advances as we witness right now are nothing
2015 could be turning year for precious metals. So the timing is everyting. Stay tuned.
The MasterMetals Blog