Silver is testing 2011 lows and is extremely oversold with an RSI reading below 30. We believe silver could rebound off of these extreme oversold levels and possibly break resistance to the upside. The world is navigating very troubled waters. For over four years the top Central Banks orchestrated by the Federal Reserve Chief injected a flood of trillions of dollars into an ailing financial system. The result has been extremely volatile upswings as QE1 and QE2 were introduced and gut wrenching declines after QE2 expired. Gold and silver are building bases, while mining equities are reflecting valuations priced in for a pandemic meltdown. Little do they realize the main problem is not just European Debt, but U.S. debt. Now is the time to buy insurance in precious metals...on sale...!
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Japan Turns Back On Nuclear Reactors: Could This Be A Boost For Uranium Miners?
Japan’s devastating disasters last year derailed some growth in the nuclear industry world-wide, but demand for uranium is poised to strengthen after the nation that fed doubts over safety approved its first restart of nuclear reactors since the catastrophe.
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QE3 or Operation Twist 2: How Will This Impact Gold and Silver?
We believe that these decisions may become baked into the pie during this Federal Reserve Meeting. Gold and silver traders are betting big money on buying contracts expiring in July that become profitable if gold should reach $2000 by that date. Based on what we know is smart money expecting a golden or silver swan?
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ECB and FRB Could Unleash “Risk On” Rally Benefitting Undervalued Miners
A possible announcement by the European Central Bank (ECB) acting in concert with the Federal Reserve could unleash a counter attack catching the naysayers and hedgemeisters frozen in their shorts.
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Greek Election and Fed Decision Should Boost Gold, Silver and The Miners
Silver (SLV) and gold are forming a descending triangle for many months but has not violated 2011 lows. After QE2 we saw a massive move into silver when it outperformed gold...could QE3 be a catalyst to start something similar?
Markets reacted negatively to the Spanish Bailout of a $125 billion as they keep a close eye on a Greek election this Sunday and the Federal Reserve Board meeting on June 19th and 20th.
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Are Graphite Mining Stocks Giving Investors a Second Chance To Buy?
There is increasing talk of an additional round of quantitative easing, China has lowered interest rates for the first time in three years, and Europe is about to bailout Greece and Spain. All these factors will benefit industrial metals especially the ones that are already in a supply shortfall such as large flake, high purity graphite.
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