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The Technical Take
...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.
...the rally we expected has materialized.
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.
once again, a fall in Precious Metals was an early warning for an equity rout.
...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.
while precious metals largely avoid damage.
....after all the drama...we're right back at $1800.
...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
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
...in an otherwise dull market
...as the $1800 level comes under pressure.
... a taste of things to come?
...all over again?
...back to our previous breakout.
but the Metals are unaffected.
...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.
...as Gold indicates a potential Breakout.
...closing in on major overhead resistance
a developing trend points the way to higher prices.
...as the market consolidates.
... a natural pause, creates a potential for length
...as we clear another resistance marker
...our target has been bettered.
...and a take on the near-term prognosis
...the next target - in a generally bullish picture.
The Metals Are Moving at the Whims of the Stock Market.
...so far Gold and Silver are hanging tough.
...breakout followed by a gap.
tighter labor conditions fuel fears of wage inflation.
...while we rest at horizontal resistance.
...just when it looked like clear sailing was dead ahead.
...we're still short of a breakout, however.
...up and down we go; but is a trend emerging?
...just when the bears though they had it in their jaws.
...as the tail-chasers emerge.
a less than impressive Friday close leave Metals under pressure
...the moving averages are holding - for now.
Silver Takes Out both Moving Averages.
...conflicting technical signals, but the trend is holding, so far.
... the market is poised to move higher.
US Banks Will Be Prohibited from Buying Russian Sovereign Debt
...are we going to make it this time?
...a potential reversal brings the market some much needed oxygen.
...until we negate the channel... we're going nowhere
...can the inside rally become bull market?