ETFS

Silver popped overnight last Wednesday, hopping from 16.50 to 17.00 overnight to our view here in the U.S. Since then, it’s been sideways, but with each day closing above the open – and with good volumes – one has to think the silver bull might be here. Let’s take a look at a chart. Here’s
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While many investors have been bullish about Cronos (CRON) recently, there’s still some lingering sentiment that the stock could be overvalued.   The exuberance surrounding the stock began about 7 months ago when tobacco giant Altria (MO) bought 45% of Cronos for $1.8 billion. It seems to be a match made in heaven, because as cigarette
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(credit Fidelity.com) The chart says SLV (the US unleveraged silver trading ETF) is now trading in a range between 15.60 and 16.20, roughly. This is about a normal range-size for SLV; earlier ranges were generally 60 cents or 30 cents wide. What is nice about this chart is that green-candle days happened with high volume,
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Silver has shot higher since breaking out of its prior box near $16.00/oz, but is now headed into multi-year resistance at the $17.20/oz level.  While sentiment has cooled off slightly from the 95% bulls level two weeks ago, the intermediate-term sentiment moving averages for silver are now beginning to head into exuberant levels. Silver continues
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Bullish sentiment for gold finished at 95% Monday, and the sentiment moving average is at a level it’s reached only three other times in the past decade.  While these sentiment readings led to higher prices over the next six to twelve months in two of three occasions, they led to a long-term top in the
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Gold rises to the highest price since 2013 Silver trades north of $17 per ounce A pullback is possible, but the trend is your friend After gold and silver reached highs in 1980, the prices took a back seat for almost one-quarter of one century when it comes fiat currency instruments. The dollar, euro, yen,
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A new low in natural gas last week Inventories do not support the current price action in the energy commodity A test of the $2 level is on the horizon Natural gas has been in a bear market since the price fell below the critical levels of support at the 2018 and 2017 lows at
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Oil falls below the sweet spot on Brent futures The Crown Prince still wants an IPO deal A bearish sign, but no IPO is on the horizon for Aramco In 2018, the stock market and banks all over the world were drooling over the prospects for the largest initial public offering in history. The leading
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The #1 question your friendly Gold Enthusiast is getting this week is: Is it too late to buy gold? With the big pop on Wednesday, a lot of people are wondering if there are still reasonable entry points for a gold trade.  As always we can “start with the chart”: (credit Fidelity.com) This is the
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(credit Fidelity.com) The question now is: Can silver continue this run?  In premarket trading today SLV is off slightly, trading at 15.78, just below yesterday’s open and below yesterday’s close. Traders call gaps-up like this “rising windows”.  Typically, the area between the top of the previous day and the bottom of the gap-up day candle
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Despite a 17% rally in gold since March, palladium is trading 10% lower. Palladium is coming down to test its 40-week moving average for the second time in three months, generally a sign of weakness when tests become more prevalent. I believe investors should stick with the strongest metal which is gold, and avoid the
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Bullish sentiment for gold finished Monday at 96% bulls, and the 30-day sentiment moving average is climbing at a brisk pace. While the long-term picture is bullish for both miners and gold, this unbridled enthusiasm will provide short-term headwinds. I would expect any further rallies from the $1,480/oz level on gold to be retraced as
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The Fed move sent gold lower last week Disappointment masked a significant event The action in gold around the world is a compelling reason to buy on dips – A bullish reversal on the weekly chart The price of gold was volatile over the past week. The yellow metal broke out to the upside following
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The smallest injection since early April The price reaction could mean new lows are on the horizon The August-September spread is telling us that shorts could push the price We are currently in the heart of the off-season for natural gas demand. The shift from coal-fired power generation to natural gas is increasing the demand
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As regular Gold Enthusiast readers know, a golden cross is a technical chart pattern that happens when the 50-day SMA crosses up through the 200-day SMA. As the chart shows, silver had a golden cross once this year already on Feb 13th, and now again on July 23rd. Golden crosses are typically positive signs, and this one
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Shares have GWPH stock have trended upward since last November, following the U.S.-commercial launch of Epidolex, the first cannabis-derived drug for the treatment of patients who experience certain types of seizures. The drug first received FDA approval in June 2018. And the U.S. Drug Enforcement Administration has labelled the drug as having a low abuse
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The Gold Juniors Index tumbled over 5% yesterday with Powell suggesting that the July hike may be isolated, and did not necessarily suggest a new trend in rate cuts. This pullback in the index is entirely normal, as all parabolic moves typically see some backing and filling to shake out weak hands. The next key
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Everything was going so well yesterday, right up to THAT moment. Fed meeting minutes were released at 2 PM Eastern; very small market blip, everything seemed fine. Then came 2 words from Fed Chair Jerome Powers. (credit Fidelity.com) And down we went.  Sigh. Traders jumped on by the lack of confidence expressed by those 2 words.  Overreaction? 
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As you probably know, the Fed’s mandate is to maintain a stable economy by watching two factors: (1) the inflation rate, and (2) the employment rate.  Inflation is to be maintained at 2%, and unemployment should be held around 4.25%.  Because this chart from the Fed itself. Now as you can clearly see, that chart doesn’t
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A huge inventory decline Production is falling Rig counts are below last year’s level- Oil could recover The price of crude oil was sitting at just above the $56 per barrel level on the nearby September NYMEX futures contract on Friday, July 26. In the past, the situation in the Middle East with Iran and
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