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« The Precious Metals’ Bullish Case is ‘Written in the Rocks’ | Main | US regulators drop investigation into silver market manipulation »
Thursday
Oct032013

Louise Yamada - 2 Fantastic Gold, Silver & Mining Charts

With continued volatility in key global markets, today King World News is pleased to share a piece of legendary technical analyst Louise Yamada’s “Technical Perspectives” report.  Yamada is without question one of the greatest technical analysts Wall Street has ever seen.  This information is not available to the public and we are grateful to Louise for sharing her incredible work with KWN readers globally.

The portion below has two incredibly important charts that cover the metals and mining share markets.

By Louise Yamada Technical Research Advisors, LLC ("LYA")

September 9 (King World News) -  GOLD, SILVER & MINING SHARE MARKETS

Gold Spot price (GOLDS-1,336.65, see Figure 19) has turned somewhat directionless, failing to move much above 1,400 and establishing a 1,300 support recently. The technical adage, “the bigger the drop, the longer the need for repair” would suggest more sideways trading may lie ahead, even over months.  The potential for rallies to carry up toward 1,470 (at the declining 200-day MA) or toward the next major resistance, 1,500-1,539, is still possible as the weekly momentum carries a weak Buy.

To read this interview in full please click here.

With gold, silver and Uranium stocks being out of favor one must decide if this is a problem or an opportunity. We have steadfastly refused to buy gold and silver mining stocks for the last two years and as evidenced by the HUI we feel that our decision to hold back has been vindicated. The damage done to the mining sector may not be over yet but this demise is starting to offer up some exciting opportunities in my view.

Great care will be needed in the selection process in order to generate a reasonable profit and that’s where our new venture begins. ‘Stock Trader’ has begun trading on behalf of ourselves and our much valued subscribers, all exciting stuff which we are really looking forward to, if you wish to join us then please subscribe below;

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Don’t forget if you are new to investment in the precious metals sector then you can subscribe of our FREE newsletters regarding gold stockssilver stocks and uranium stocks, just click on the links and enter your email address and we will email you our articles along with other interesting posts.

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As regular readers will know skoptionstrading has capped its membership, so the best we can offer you at the moment is a place you on the waiting list which you can do via this link, thank you.

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