Silver is pushing against the upper boundary of the price channel on the monthly chart. With a breakout, we expect silver futures to reach targets in the 20s.
The rally in precious metals should last until at least the middle of 2015, even though the advance is expected to be corrective. This article presents newly calculated targets for gold.
Nat gas has been difficult over the last couple months but still think energy traders should be trying to establish small positions for the possibility of a major low.
This is a companion article to one posted at See It Market, showing the technical reasons why treasury bond prices probably will make a lasting high this year, if they have not already done so.
This is an expanded version of the article that was published at SafeHaven.com
Interesting that FTSE is testing an area that has been resist since 2013 after making a marginal new high in September of last year.
Price is testing the first major support below its October break. Traders with a fairly long time frame might look for an opportunity to sell from a bit higher.
In U.S. stock indices, this is the area to watch for a possible downward reversal.
We believe silver put in a fairly durable low at the end of November, and we are now looking for confirmation that price will climb in a move that should last through much of 2015.
Why do Fibonacci relationships work? A question for mathematicians, artists, and those in between…