https://216.218.184.125/commentaries/rss/7316 Goldseek Commentaries en Silver Market Update: rapidly improving COT structure and the mega-bullish silver to gold ratio https://216.218.184.125/commentary/silver-market-update-rapidly-improving-cot-structure-and-mega-bullish-silver-gold-ratio-1 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> Whichever way you cut it, silver’s chart looks bearish for the short to medium-term, but against this we must set its rapidly improving COT structure and the mega-bullish silver to gold ratio (by all past standards). </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Sunday, March 29th</span> </div> </div> </div> <p><span style="color: #000000; font-family: Verdana; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;">Whichever way you cut it, silver’s chart looks bearish for the short to medium-term, but against this we must set its rapidly improving COT structure and the meg</span></p><p><a href="https://216.218.184.125/commentary/silver-market-update-rapidly-improving-cot-structure-and-mega-bullish-silver-gold-ratio-1" target="_blank">read more</a></p> Sun, 29 Mar 2020 19:39:36 +0000 Clive Maund 17893 at https://216.218.184.125 Silver Market Update: A bright spot for silver is the latest COT https://216.218.184.125/commentary/silver-market-update-bright-spot-silver-latest-cot-17875 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> Silver had been looking frail before last week’s breakdown, now it looks downright weak. It had been underperforming gold persistently in recent months, and the steep drop last week has greatly increased the risk of it breaking to new lows before much longer. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Sunday, March 15th</span> </div> </div> </div> <p><span style="color: #000000; font-family: Verdana; font-size: small; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;">Silver had been looking frail before last week’s breakdown, now it looks downright weak.</span></p><p><a href="https://216.218.184.125/commentary/silver-market-update-bright-spot-silver-latest-cot-17875" target="_blank">read more</a></p> Sun, 15 Mar 2020 22:41:54 +0000 Clive Maund 17875 at https://216.218.184.125 Silver Market Update -- laggardly performance relative to gold https://216.218.184.125/commentary/silver-market-update-laggardly-performance-relative-gold-17854 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> On the 2-year chart we can see the sharp advance out of the 2nd low of the Double Bottom last Summer, which itself is actually made up of a lower order Double Bottom, and how this has been followed by a lengthy period of consolidation that has allowed the 200-day moving average to largely catch up with the price. Silver has underperformed gold in recent months, as shown at the top of the chart, which is normal during the earliest stages of a major sector bullmarket, but On-balance Volume is strong, which bodes well for continued improvement, and it looks like it is building up to break out upside from the large consolidation pattern before much longer. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Sunday, February 23rd</span> </div> </div> </div> <p><span style="color: #000000; font-family: Verdana; font-size: small; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;">Silver continues to put in a laggardly performance relative to gold, but this is not a cause for concern, it is normal at this stage in the cyc</span></p><p><a href="https://216.218.184.125/commentary/silver-market-update-laggardly-performance-relative-gold-17854" target="_blank">read more</a></p> Sun, 23 Feb 2020 20:29:23 +0000 Clive Maund 17854 at https://216.218.184.125 Silver Market Update: set to react back over the short to medium-term? https://216.218.184.125/commentary/silver-market-update-set-react-back-over-short-medium-term-17825 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> On silver’s latest 6-month chart we can see that the fairly tight pattern that has developed over the past several weeks, which is widely interpreted to be a bull Flag, is now looking more like a small Head-and-Shoulders top, and being small, it has correspondingly small downside implications. It projects a drop soon at least to the upper boundary of the channel that silver broke out of in December. Factors making it more likely that the pattern is an H&amp;S top are the way the advance reversed at resistance at the late September highs, with a dramatic high volume reversal candle appearing after a string of bearish looking candlesticks with long upper shadows, and of course the extreme positions evident on the COT and Hedgers charts that we will come to shortly. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Tuesday, January 21st</span> </div> </div> </div> <p><span style="color: #000000; font-family: Verdana; font-size: small; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;">If gold is looking set to react back over the short to medium-term, which it does, then it implies that silver, which is weaker at this stage i</span></p><p><a href="https://216.218.184.125/commentary/silver-market-update-set-react-back-over-short-medium-term-17825" target="_blank">read more</a></p> Tue, 21 Jan 2020 05:07:49 +0000 Clive Maund 17825 at https://216.218.184.125 Silver Market Update: the overall picture for silver is favorable https://216.218.184.125/commentary/silver-market-update-overall-picture-silver-favorable-17820 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> Although last week’s reversal candle and the current rather extreme COT readings make short-term weakness likely, perhaps to the upper boundary of the Fall downtrend, the overall picture for silver is favorable, with it readying to break out of a giant 5-year plus base pattern to follow gold higher. Marked acceleration is likely to follow a breakout above the $22 level. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Monday, January 13th</span> </div> </div> </div> <p><span style="color: #000000; font-family: arial, helvetica, sans-serif; font-size: medium; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;">Silver’s recent rally looks diminutive and stunted compared to gold’s, but that’s normal at this early stage of a new bul</span></p><p><a href="https://216.218.184.125/commentary/silver-market-update-overall-picture-silver-favorable-17820" target="_blank">read more</a></p> Mon, 13 Jan 2020 15:06:31 +0000 Clive Maund 17820 at https://216.218.184.125 Gold is stronger than Silver during the earliest stages of a new bullmarket https://216.218.184.125/commentary/gold-stronger-silver-during-earliest-stages-new-bullmarket-17815 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> Unlike gold, which has forged ahead, there has been very little change in silver since the last update. This is not surprising because gold is stronger than silver during the earliest stages of a new bullmarket, while silver performs the strongest during the late stages of a bullmarket as investors “throw caution to the wind”. On the 6-month chart we can see that, although it has risen incrementally over the past week, silver has started to splutter beneath the resistance level shown, with a somewhat bearish (short-term) candle appearing on Friday… </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Sunday, January 5th</span> </div> </div> </div> <center style="color: #000000; font-family: Verdana; font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;"><br class="Apple-interchange-newline" /><span style="font-family: arial, helvetica, sans-serif; font-size: medium;"><img src="https://www.clivemaund.com/charts/silver6month050120.jpg</span></center><p><a href="https://216.218.184.125/commentary/gold-stronger-silver-during-earliest-stages-new-bullmarket-17815" target="_blank">read more</a></p> Sun, 05 Jan 2020 20:26:58 +0000 Clive Maund 17815 at https://216.218.184.125 Silver Market Update https://216.218.184.125/commentary/silver-market-update-17811 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> While silver’s charts do not yet look as positive as gold’s, that is normal at this early stage in the cycle, when gold is favored over silver, which attracts more speculative interest as the bullmarket progresses. Nevertheless, as we can see on the latest 10-year chart for silver below, it is starting to look a lot better as it hauls itself up out of the 2nd low of the giant Double Bottom pattern shown. Gold’s advance and Summer breakout triggered a strong impulse wave in silver, which then reacted back to support above its rising 200-day moving average. Last week it turned higher to start its 2nd impulse wave, which, given the increasing risk of the dollar dropping hard, has a good chance of making a run at the resistance level shown. Technically, it is still within the base pattern until it succeeds in breaking above the resistance at and approaching its 2016 highs. Once it does the advance is likely to accelerate. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Monday, December 30th</span> </div> </div> </div> <p><span style="font-family: arial, helvetica, sans-serif; font-size: medium; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;">While silver’s charts do not yet look as positive as gold’s, that is normal at this early stage in the cycle, when gold is favored over s</span></p><p><a href="https://216.218.184.125/commentary/silver-market-update-17811" target="_blank">read more</a></p> Mon, 30 Dec 2019 13:30:53 +0000 Clive Maund 17811 at https://216.218.184.125 Silver Market Update https://216.218.184.125/commentary/silver-market-update-17803 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> On the 6-month month we can see how it has been stumbling lower within a downtrend and it looks like it will break down through the lower boundary of this downtrend to drop to a final downside target probably at support in the $15.30 - $15-60 area. It outperformed gold during the Summer runup and has underperformed on the subsequent reaction, which is normal, and as we know, silver is weaker than gold during the early stages of a bullmarket, so this near-term downside target seems reasonable. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Thursday, December 12th</span> </div> </div> </div> <p><span style="color: #000000; font-family: Verdana; font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;"><a href="http://news.goldseek.com/CliveMaund/1576160213.php">Like gold</a>, silver has been in a corrective downtrend fol</span></p><p><a href="https://216.218.184.125/commentary/silver-market-update-17803" target="_blank">read more</a></p> Thu, 12 Dec 2019 14:08:18 +0000 Clive Maund 17803 at https://216.218.184.125 Silver Market Update - needs to take a rest and consolidate https://216.218.184.125/commentary/silver-market-update-needs-take-rest-and-consolidate-17750 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> Silver reacted back sharply on Thursday and Friday after a parabolic blowoff top. This was not a final top, but it does indicate that silver needs to take a rest and consolidate / react back, probably for at least several weeks. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Sunday, September 8th</span> </div> </div> </div> <p>Silver reacted back sharply on Thursday and Friday after a parabolic blowoff top. This was not a final top, but it does indicate that silver needs to take a rest and consolidate / react back, probably for at least several weeks.</p><center><img src="https://www.clivemaund.com/charts/silver6month090819.jpg" align="" width="533" height="670" hspace="5" border="0" /></center><p><br />The latest silver COT is also showing a 1-year record extreme for positions, giving grounds for caution…</p><p><a href="https://216.218.184.125/commentary/silver-market-update-needs-take-rest-and-consolidate-17750" target="_blank">read more</a></p> Sun, 08 Sep 2019 21:02:26 +0000 Clive Maund 17750 at https://216.218.184.125 Silver Market Update: outlook for silver is excellent https://216.218.184.125/commentary/silver-market-update-outlook-silver-excellent-17700 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> Some weeks back we had correctly surmised that gold’s gathering strength would rub off on silver and cause it to start catching up, so we bought a range of silver ETFs and stocks, a move which has paid off well as they have spiked quite dramatically in the recent past. Starting with silver’s 10-year chart, we can see that its presumed giant Double Bottom is starting to look more and more like the genuine article, with the price starting to advance away from the 2nd low of the pattern. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Monday, July 22nd</span> </div> </div> </div> <p><span style="color: #000000; font-family: Verdana; font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;">Some weeks back we had correctly surmised that gold’s gathering strength would rub off on silver and cause it to start ca</span></p><p><a href="https://216.218.184.125/commentary/silver-market-update-outlook-silver-excellent-17700" target="_blank">read more</a></p> Mon, 22 Jul 2019 09:49:14 +0000 Clive Maund 17700 at https://216.218.184.125