Via Energy and Gold.com: All hell has been breaking loose for the last week. From the Shanghai stock market going into full crash mode to Greek citizens formally voting to leave the eurozone to the New York Stock Exchange halting trading for 4 hours, there’s been a lot to be concerned about if you’re an investor.… Continue Reading

Via Energy and Gold.com: The recent parabolic leveraged speculative rise and fall of the Shanghai Composite is reminiscent of silver’s epic rise and crash during 2011, have a look:  Silver (2010-2011)        Shanghai Composite (2014-2015)   While the chart structures are slightly different (silver rose 50% in barely 6 weeks while Shanghai took… Continue Reading

Via Energy and Gold.com: After a margin debt fueled parabolic ascent, China’s Shanghai Composite has been in virtual free-fall for the last month. Bloomberg put together an interesting chart which effectively illustrates the timeline of events which led to where we are at now:   Judging by media coverage and social media message volume we… Continue Reading

Via Energy and Gold.com: This morning we are seeing the first unmistakable signs that the China stock market crash will not be contained only to China. The silver break below $15 is pretty representative of what’s going on elsewhere this morning:   This morning’s break of support which had held for 9 months in silver… Continue Reading

Via Energy and Gold.com: This is the 2nd consecutive Sunday night that equity futures are trading significantly lower than where they ended the previous Friday:  E-mini S&P Futures (30-minute) The proximate cause of the large gap lower in equity futures is Greece and its peoples’ willingness to finally exit the eurozone and flip the ‘troika’ (EU/IMF/ECB)… Continue Reading

Via Energy and Gold.com: This is the kind of gold futures CoT report that gold bulls definitely did not want to see:   A sizable increase in net speculative long positioning combined with a 15,260 contract increase in open interest which appears to have primarily come as a result of both large & small speculators… Continue Reading

Via Energy and Gold.com: Gold has a very strong tendency to put in a major low during July and rally well into September/October. In fact, using a 20 year seasonal study chart we can see that gold typically makes one final dump lower into the July 4th US holiday before turning higher for the next… Continue Reading

Via Energy and Gold.com: Nobody cares about gold miners anymore. There I said it. The level of overall investor disinterest in this sector must be at an all-time low. Now let’s be clear here, i’m not saying that bearish sentiment is at a record (I believe it will be difficult to top last November in… Continue Reading

Via Energy and Gold.com: This morning Continental Gold (CNL.TO) released its much anticipated updated resource estimate which greatly increased the size and marginally increased the grade of its flagship Buriticá Project. This news is very significant because it makes the economics of the project significantly more attractive, despite the current weak gold price environment. CNL shares are soaring once… Continue Reading

Via Energy and Gold.com: During my twelve years of trading virtually every financial market and instrument imaginable I have learned that the best trades are anticipated and prepared for days, weeks, and sometimes months in advance. Moreover, the best trading setups occur when multiple indicators/factors come into alignment like stars in the sky. Gold has… Continue Reading

Via Energy and Gold.com: Say what you want about the AAII Sentiment Survey, undoubtedly it’s quite flawed and that’s not a surprise to anyone. However, the survey which came out this morning (which represents how investors were feeling at the end of last week or earlier in this week, coincidentally this was during a stretch… Continue Reading

Via Energy and Gold.com: GDX passed an important test of support today. The goldies were looking absolutely dreadful this morning but buyers showed up near a crucial area of support around lunchtime and put the throttle to the floor into the close:   $18.75 not only represents a DeMark Support Level but it also represents… Continue Reading

Via Energy and Gold.com: Weekly chart wrap for the week ending 6/5/2015 – we saw some seismic moves in interest rates as equities began to show some chinks in their armor. The current trends are as follows: Oil: Oscillating within a range Precious metals: Lower Bond yields: Higher Equities: Oscillating within a range   WTI… Continue Reading

Via Energy and Gold.com: As John Maynard Keynes famously stated “When the facts change, I change my mind. What do you do, Sir?”. I am very close to changing my mind on the direction of long-term interest rates. The chart of the 10-year US Treasury Note yield shows that a formidable bottoming pattern has been formed… Continue Reading

Via Energy and Gold.com: It’s been a long time since i’ve seen such an abundance of yellow/red flag warning signs out there. At this moment I would be remiss if I did not point out all the warning signs i’m seeing: M&A activity during the month of May is set to blow the previous record month… Continue Reading