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Silver Market Update
...do we finally have some light at the end of the tunnel?
..and the world careens into chaos.
...are we on the comeback trail?
update
...presented without comment
we've made it to $24.31
...bumping along the top.
... and gaps higher
...it's the same 'ol story
...horizontal support in play.
... the market remains unsettled and is best avoided.
no sign of let up in USD charge
...the importance of stops when the market lurches.
up over 1% this morning
Euro below 1.13
...the bears are coming under repeated attack.
...as the downtrend reasserts itself
...our Power trend is over...but the market remains bid.
...after flashing a sell signal.
...after a near vertical run.
....trading the Bull market
...after a momentous day.
...for a new market.
the clock is ticking on this recent rally
after another positive day.
...after a solid Friday finish.
...a mixed picture on an important Friday
...are we starting a new era of volatility?
... and a look at the 'fibs'
...after the deluge...a new uptrend in development?
laying out the Silver stall
...consolidating the energy in an up-trending market.
...in the face of an adverse formation
...as the Channel looks ready to fall.
...after a strong run.
...our 'cautious optimism' proves founded.
The Friday Follow Through didn't happen - but the market is consolidating.
...but look likely to charge again.
...as we approach the downtrend.
...the dynamic is changing.
...the Commodity Complex is on Fire, and the Metals are finally catching up.
... mostly of the 'dead cat' variety
...just when the Bulls thought they were out of the Danger Zone
...as the quarter comes to a close.
down by more than 4% on the day.
...as the long-term downtrend is touched.
...Is the US Dollar getting Ready to Run Higher?
Metals fail to recover as possible Evergrande default freezes the market.
... as the bounce from $22 continues.
The $22.00 level has held... so far.
...silver down almost 5% on the day.
...and the Metals are no exception.
our trend line in Silver has been negated... now the new one.
we got our pullback; in a traders' market.
... even solid rallies don't move a straight line
as Gold continues to languish.
The Horizontal has been crossed as the end of the month beckons.
...as the week ends.
...the swings are coming fast a thick, in a thin market.
...as we approach horizontal resistance
...the bullish signs continue to build.
...so far, so good.
after clearing out the weak hands.
...and our assessment of the market
...Silver Falls $2.00/.oz in Flash Crash - before recovering
...US Jobs Report and Dollar Strength Combine to Send Metals Lower
...the spec short is working
volume drops...as the channel is maintained.
...as we head into the end of the Month (and week)
...but remains in the down channel.
...as the long term trend line is touched.
...as another lackluster day gets chalked up
... a taste of things to come?
...all over again?
...back to our previous breakout.
...as the grouping around $26.00 continues.
...as the Ratio breaks long-term Resistance
...as Silver develops Power Trend
...summer shenanigans, or something more serious?
as Silver clears horizontal resistance
...heading for a positive close on the week.
...a potential reversal at the end of the quarter.
...as the inside uptrend fails.
some positive developments after Asian selling abates.
as yesterday's defined channel bottom holds.
...if we stay within the boundaries - we have some upside ahead.
... as the market moves back up.
...after the deluge
...and what it means in the present market.
after a month of meandering
...volatility crushed as market is becalmed.
...and why it pays never to anticipate the market.
... does the developing channel hint at a higher move?
...can't break out... won't sell-off.
...but still fighting its corner.
...we check the conditions.
....the profit takers are emerging
....as the rally develops
...and prepare the stage for rally.
...the threat of a reversal formation was too much for COT to resist.