Chart Update for Gold and Silver - Craig Hemke (11/06/2019)

Jun 11 18:06 2019 Print This Article

June 11, 2019

With 2019 progressing along the path of our 2010+9 thesis,

and with the next FOMC meeting slated for next week, we thought this week would

be an excellent time to update the charts and begin to look ahead to the back half

of the year.

Again, if you haven't yet read our forecast from January, you

should do so now. The year 2019 is unfolding in a manner that is strikingly

similar to the year 2010. History doesn't repeat, but there sure is a lot of

"rhyming" in these posts:

So now here we are already in June and the year is nearly

half over, with gold and silver mostly unchanged since January. A few weeks ago,

though, we reminded you that the precious metals were mostly flat through the

Read More

About Article Author

Sprott Money

Established in February 2008, Sprott Money Ltd. is a leading precious metals wholesale, institutional and retail dealer selling gold, silver and platinum bars, coins and wafers online and over the phone. Sprott Money's storage program gives clients the ability to store their precious metals in multiple storage facilities located in Canada, the United States and internationally. Sprott Money Blog, which covers world events, geopolitics and of course precious metals.

Related Items

FOMC, EMU PMI, and Pre-G20 Positioning: Crossroads and Crosswinds

The week ahead is likely to provide some clarification for investors on three fronts that have been a source of uncertainty.  The FOMC meeting, with updated forecasts, is center stage.  The credit markets are pushing the Fed to be aggressive but can be disappointed.  In the eurozone, the pre ...

Schedule for Week of June 16, 2019

The key reports this week are May housing starts and existing home sales.For manufacturing, the June New York and Philly Fed manufacturing surveys will be released.The FOMC meets this week, and no change to policy is expected at this meeting.----- Monday, June 17th ----- 8:30 AM: The New York Fed Em ...

DP WEEKLY WRAP: Market Quiet Ahead of Fed; Gold Has Long-Term "Smile"

Sometimes I can be a little slow on the uptake, and the monthly gold chart is the latest example. This week it dawned on me that gold is in its seventh year of forming a bullish saucer, which would be the reverse equivalent of a bearish rounded top. After activating the Crystal Ball feature of Shar ...

Are Small-caps Really the Canaries in the Coal Mine?

Many a pundit considers small-caps as the canaries in the coal mine and this implies that relative weakness in small-caps is negative for the broader market. As Missanei of Game of Thrones might say: It is known. Known, yes, but is it actually true?   In the interest of full disclosure, I boug ...

All Eyes on the Fed - David Brady (14/06/2019)

June 14, 2019 Gold and Silver have basically gone nowhere in the past week as the next FOMC meeting looms large next Wednesday, June 19. This will decisive in determining whether or not the metals and miners continue higher or suffer a pullback in the short-term. Scenarios for the FOMC are as fo ...

I've Never Seen An Earnings Signal This Bullish

At, we track the best U.S. companies in a "Strong Earnings ChartList." In order for a company to be included in our ChartList, they must do 3 things: (1) Beat quarterly revenue estimates (2) Beat quarterly EPS estimates (3) Look solid technically If a company doesn't m ...

Week Ahead: No Runaway Surge Expected; Markets May Continue Exhibiting Negative Bias

In yet another wide-ranging week, the NIFTY oscillated in a 400-point range and ended the week with a modest cut. In our previous weekly note, we had raised concerned about the NIFTY failing to confirming the attempted breakout.  In line with the analysis carried out during the last week, the inde ...

The terrible, horrible, no-good, very bad market days

  By Guest Blogger Doug Rowat I was staring at this deadly looking item at the Bata Shoe Museum in Toronto last month: Shoe of Death? Source: Doug Rowat Oddly, it got me thinking about markets and investor behaviour—such parallels sometimes occur in the strangest places. While this shoe looks ...