Precious Metals Update
While majority of the traders and the financial media is focused on the US stock market, stuck in a argument between whether the recent correction is finished or not, the real action is occurring in commodities (from the longer term value perspective). Various commodities and related producing sectors (miners) are attempting to break out of their bear markets, which started in early parts of 2011. Sold down and punished over the last few years, it is these sectors that offer value, unlike sky high developed market stocks.
Chart 1: Gold breaks resistance, while Silver continues to lag
Source: BarChart (edited by Short Side of Long)
Chart 2: Silver’s volatility is at the second lowest level in over a decade!
Source: BarChart (edited by Short Side of Long)
Unlike Silver, the underlaying commodity producers seem to be leading the way for the overall Precious Metals sector, as they attempt to break above their respective 200 day moving averages. The chart above shows Gold Miners, Gold Juniors and Explorers, together with Silver Miners attempting to push above their long term moving average trends. The improvement in breadth participation, together with a technical breakout, is also a welcomed signed after a monster bear market over the last few years.
Chart 3: Gold and Silver mining companies are attempting to break out
Source: StockCharts (edited by Short Side of Long)
The post Precious Metals Update appeared first on The Daily Gold.
Source: http://thedailygold.com/precious-metals-update-4/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).