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XAU Forming a W Pattern

by Online Stock Trading on July 9, 2014

XAU and the miners are forming W patterns. Five higher lows for XAU should move it over the last pivot high on the weekly chart. Watch for an explosive two weeks in gold and silver stocks.



Silver Still Behind the Trendline

by Online Stock Trading on May 9, 2014

It seems like an eternity since silver was trading near $50 in 2011. The slide down to the $19 range has exhausted many silver stackers. It’s interesting though, the iShares Silver Trust ETF – SLV has still not crossed through the long weekly downtrend line. For 12 weeks, SLV has traded in the $18-$22 range. If silver decides to drop below the current support level, it may be a while longer before silver makes the cross over. Eventually though, silver will make the move, and this base will act as good support.