Tuesday, June 28, 2005
Invest Silver News:
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| Gold & Silver Stocks - HUI, NEM, XAU Monthly Cycle Buy Signals Occurred On Friday June 10 Short intermediate term/monthly cycle lows probably occurred on June 9 at 181.67 for HUI, at 36.38 for NEM, and at 84.13 for the XAU, because they followed through by more than 2% after breaking their parabolic shaped downtrendlines since June 2, which is a monthly cycle buy signal, as illustrated in HUI and the XAU's one month charts below. | ||
| Gold & Silver Stocks - NEM Filled It's Big Upside Gap To 40.25 From Late April NEM filled it's big upside gap to 40.25 from late April on Friday June 17. The XAU's upside gap near 96 and the big gap above 100 from mid March may get filled soon. HUI, NEM, and the XAU all hit short term cycle highs just after the open on Friday, so weakness is likely early this week after which the monthly cycle should resume it's uptrend. | ||
| Gold Futures CoT With gold, silver, and gold stocks all in typical technical bottoming patterns, sentiment among precious-metals investors is understandably rotten. When prices feel low people feel bad. It is always this way near major interim bottoms. While I receive countless e-mails laden with despair during times like these, one this week did a fantastic job of summing up how so many investors are feeling today. This gentleman, talking about gold stocks in particular, wrote to me? | ||
| Silver Stocks are Strong Coming off a very strong week, metals are once again shinning today (depending on how you look at it)...(Read More) | ||
| Gold & Silver Stocks - HUI, NEM, and the XAU Are Near The Bottom Of Their Bull Market Channels Last week's breakdown in gold/silver stocks and the major averages was due to the Fed's statement that "the required amount of cumulative tightening may have increased," indicating that they expect to raise rates more than previously thought, which is actually a major positive for gold/silver stocks long term, since the Federal Reserve Bank's inflation expectations have risen. |
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