Monday, September 26th, 2016 MST

Category: The Metals Markets

Pressure continues to build under the price of silver

In May, I presented what appeared to be an extremely bullish divergence between the price of silver and its Accumulation-Distribution Line (ADL). I asked whether the price of silver would rise to meet its ADL or would the ADL fall to match the price? Two and a half months later, there has been absolutely no resolution to this situation. The divergence remains, and if anything, has actually increased slightly.

COT Report suggests silver prices may have bottomed

Precious metals investors are clearly on the sidelines as prices have suffered severe declines in the past few months. Now, though, that are indicators that prices have bottomed. Analysis of the COT Report suggest that the Large Commercials (LCs) are not position for lower prices, which may indicate that a bottom is being put in.

There is no free market in gold

Anyone who has been paying attention to the precious metals world over the last couple of years is well aware of the circumstantial evidence of price manipulation. None of which is particularly surprising, as all the way up through the gold pool of the late 1960s, it has been the open policy of the US and UK governments to control the dollar price of gold.

$46 silver on its way?

Let me start by saying that I am not a technical analyst. Consider the following to be for learning or entertainment purposes only. If you take a look at the silver chart from last October there appears to be a classic reverse head and shoulders pattern forming with a neckline in the $36-37 area. This is considered to be a very bullish formation.

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