Friday , 10 January 2025

Lorimer Wilson

Noonan: These Charts Say Trend STILL Bearish For Both Gold & Silver

No one knows when gold and silver will rally and anyone who says otherwise has already been proven wrong. Despite a decent rally in both gold and silver over the past 7 trading days, a look at the charts shows that both remain in bear market conditions overall with no defined indication of ongoing strength.

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What’s “Fracking”? Here’s a Definition and 5 Things You Ought to Know About the Process

Fracking has had profound effects on the energy industry, so far mostly in the U.S., where it has created oil and gas booms in non-traditional places, moved the country closer to energy independence, and resulted in a huge reduction in the cost of energy, particularly natural gas. What is fracking? It's a technique used to extract oil and gas from previously inaccessible underground shale (rock) formations. Here are 5 more things about fracking.

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Cycle Analysis Suggests S&P 500 Has Topped & Will Decline To Major Low In 2016 (+2K Views)

While the majority is looking at the Megaphone Pattern correction since the 2000 high and is expecting the market to go back to the lower trend line of this pattern and to make new lows, I think that it will not happen. The opinion of the majority can be used as a contrarian indicator. I think that a healthy correction in this new Secular Bull Market could push the Dow Jones to 12500-13500 (end of 2015 – half 2016) followed by a second leg up of this new Secular Bull Market.

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It’s Time To “Swap” Your PM Stocks For Physical Gold & Silver – Here’s Why

We are of the opinion that the miners and explorers (and their indexes GDX and GDXJ} should be "swapped" for the precious metals - gold, silver, and their proxies (GLD and SLV). This way investors will maintain exposure to precious metals while reducing their exposure to the more volatile miners as some of the share dilution and recent investor exuberance play out - and at least hedge themselves if the price continues to rise.

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