Gold Struggles Beneath Major Resistance (Chart of The Day 22)

Gold Struggles Beneath Major Resistance   After once again teasing its proponents, Gold appears to be tracing out a short term ROUNDED TOP pattern.  If it completes the pattern, GLD is likely to return to retest its support near last summer’s lows. The case for Gold continues to strengthen from  a fundamental standpoint, but its […]

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Cryptocurrency Sector Ready to Rally Despite Reports of FAKE Bitcoin Volume

Cryptocurrency Sector Ready to Rally Despite Reports of FAKE Bitcoin Volume The Cryptocurrency Sector is on the verge of  starting a long awaited rally.  The resistance line is at $145 Billion, exactly the level as of early Sunday evening.  (https://coinmarketcap.com/). The Sector continues to be plagued by shady practices.  Bitwise Asset Management performed an analysis […]

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Are Precious Metals Nearing Completion Of A Long Term Bullish Setup?

Charts courtesy of (http://www.stockcharts.com). Are Precious Metals Nearing Completion Of A Long Term Bullish Setup?   “Dullsville” would be an apt description of the “action” or lack of volatility in the Precious Metals Sector over the last decade, and especially over the last 3 or 4 years.  We last commented on the Precious Metals Sector in […]

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