Silver Down Hard As Grexit Optimism Fades

Peter's Commentary: Silver has fallen hard today. Dropped more than 5%. From ZeroHedge, Tyler Durden, February 17, 2015 It appears the overnight exuberance at the possibility of a Grexit is fading fast... Silver - already weak overnight - was suddenly monkey-hammered lower on massive volume... WTI is down almost $2 from intrday highs, testing towards $51.50 on heavy volume. *SILVER … [Read more...]

Silver Chart Analysis

As we've already looked at gold this weekend, let's take a very quick look at silver: Here's the silver daily chart. Silver has been in a downtrend for the last two and half weeks. The MACD indicator is bearish with both lines pointing downwards and the signal line above the MACD line. The ADX indicator is also bearish with the red -DI line above the green +DI line. Silver closed out … [Read more...]

“Buy Gold”, Short The Central Banks

Peter's Commentary Jim Sinclair has been urging his subscribers at jsmineset.com for years to buy gold and thus become their own central bank. Now Marc Faber is essentially saying the same. From GoldCore.com, February 4, 2015 Faber: “Only one way to short central banks and that is to buy gold”. Marc Faber warned at the weekend that 2015 may be the year that investors will lose … [Read more...]

January’s Investment Barometer For 2015

Well, you know what they say. As goes January, so goes the year. <More> … [Read more...]

Gold and Silver Drop Most Since 2013

Volatility increases in currencies, oil, gold and silver. From ZeroHedge, Tyler Durden, January 29, 2015 Because nothing says dump gold and silver like an aggressively escalating currency war... Once again the US-Europe crossover period is the witching hours for Precious Metals... But as soon as Europe closed,. gold and USDJPY decoupled dramatically as the … [Read more...]

World-Wide Margin Call

Peter's Commentary: Bill Holter warns about a Global Margin call occurring: - And you must keep in mind the investment outlook for 2015 from Bill Gross, which I've also posted up here. From the Miles Franklin Blog, Bill Holter, January 8, 2015 Unprecedented Volatility We have seen unprecedented volatility over the last 2 months, in particular the last 3 weeks. This is highly unusual as … [Read more...]

Futures Scorecard for 2014

The scorecard for futures for 2014:- Important Futures That Have Risen The US dollar is up 13.4%, 30 year bonds are up 12.3%, the S&P 500 and the Dow Jones industrial index are up 12% and 8.2% respectively. See the charts below: US Dollar Up % 13.4% The US dollar has performed the best of the 31 major currencies this year. Even though the US does have serious problems, like its an … [Read more...]

SSS% – Silver Soars Seventeen Percent

Peter's Commentary Silver soars more than 17% from its intraday lows.  That's huge! Gold is also up more than $70 to over $1210.  Volume is also high. From Zerohedge, 12/1/2014: The biggest intraday positive swing on record... ($16.82 is next test for SIlver at 50DMA)   And gold and silver are exploding... (gold has broken above its 50DMA at $1205)   Silver … [Read more...]

A Quick Look at Copper and Silver

Peter's Charts: Precious metals and copper got absolutely hit on Friday, so I thought I'd post up some charts of copper and silver this weekend. Here's the copper daily chart:   Straight away it is apparent that the bears are in control of this market. The chart looks like a bear chart – since early July with lower lows and lower highs. DMI is above +DMI. And with the drop in … [Read more...]