- Posted by PeterLBrandt on October 2nd, 2015 at 11:57 am
Buy signals in Silver and Gold are setting up
For the first time since the precious metals topped in 2011, both the Silver and Gold charts are constructing possible bottom configurations.
[For background on the importance of classical chart construction in the Gold market, please read “The History of Gold Charts” here.
The monthly Gold chart displays the bear trend that began with the completion of a major descending triangle in April 2013.
The daily Gold chart displays a possible 10-week symmetrical triangle bottom. Of all the major classical chart patterns, the symmetrical triangle is the least reliable (by far). Yet, a completion of this pattern by a close over 1160 would be an indication that the major trend in Gold has turned up.
As shown on the weekly graph, the decline in Silver from the 2011 high has been one for the textbooks. The decline has complied with the principles of classical charting as well as any other market in recent years.
The daily Silver chart is forming a classical H&S bottom pattern. A decisive close above 1550 would complete this bottom and indicate that the 4-1/2 year bear trend in Silver is over. Of course, a considerable period of time of further base building could occur before Silver enters another bull phase.
Live Cattle charts confirm a major top
Posted by PeterLBrandt on September 16th, 2015 at 1:15 pm
A major top has been confirmed on the Live Cattle price graphs, projecting significantly lower prices. The weekly continuation graph completed a 14-month H&S top […]
The bearish case in Silver is back on the table
Posted by PeterLBrandt on August 26th, 2015 at 3:48 pm
Seven month symmetrical triangle has been confirmed Decline on August 25 triggerd an 8-week H&S failure In recent weeks I have presented to members of […]
Farmers, if you want to know where Beans are headed, here are some charts you need to look at
Posted by PeterLBrandt on August 23rd, 2015 at 9:29 pm
Beans are a lay-up for $7.50 if the rest of the growing season is normal For the past 14 months the Factor Service has […]
A preview of the August 23 Factor Update — S&Ps
Posted by PeterLBrandt on August 21st, 2015 at 1:26 pm
Initial draft of the S&P section of the upcoming weekly Factor Update [Note: Each week Factor LLC issues a chart analysis of the markets in […]
Afraid to short S&Ps because it is oversold?????
Posted by PeterLBrandt on August 20th, 2015 at 3:17 pm
Traders become accustomed to the recency and expect recency to extend indefinitely S&Ps have sold off 60 points in just two days. Only fools […]
Chinese Yuan (USD/CNH) experiences historic breakout — next stop 6.8000
Posted by PeterLBrandt on August 11th, 2015 at 9:55 am
Mark your calendar at August 11, 2015 as the day $USD/CNH reversed its multi-year trend [Note: The Factor Service has been dedicated to classical charting principles […]
History of Gold in Charts — Updated Version
Posted by PeterLBrandt on August 7th, 2015 at 9:27 am
This document presents a view and analysis of the history of Gold prices through the lens of classical charting principles Factor LLC believes that […]
Even if Gold and Silver are driving to the final low, so what? It still is no reason to be long.
Posted by PeterLBrandt on July 20th, 2015 at 8:33 am
It could take many months — or even years — for the precious metals to form a bottom I am on record as stating […]
A bullish set up in the Indian Nifty 50
Posted by PeterLBrandt on July 17th, 2015 at 10:34 am
Indian stock market prepared for a run to its long-term target of 10,000 The advance in Mar 2014 completed a 6-year ascending triangle on […]
Peter Brandt entered the commodity trading business in 1976 with ContiCommodity Services, a division of Continental Grain Company. From his start in the commodity industry, Peter's goal was to trade proprietary funds. But, he first needed to learn the business. More »