Market News: A Technical Look at Gold & Silver

silver investing
Written by Mike Hammer

Last week, we gave our simple-case for caution toward short-term silver prices (backing up our previous argument). Some commented that the presentation was, indeed, simplistic, and if it is true, “there must be” a more complete argument to be found.  And by “more complete,” you meant “more technical.”  Well, sure!

One thing that we know all too well about technicals is that if you give two technicians the same chart, there’s a good chance they’ll see different things in it. So today, we offer another technician’s look at both silver and gold charts, and what he sees in them.  Warning for bulls: It’s not good.  Yes, there is even a bull case you could make from these charts. But, as with any prognostications, the market always gets the last word – and no one is ever right all the time.

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About the author

Mike Hammer

Mike Hammer has had a wide-ranging career, with trading and investing as continuing themes. Mike graduated with a business degree and spent years as a financial advisor, before moving to New York and to pursue a career in IT and education. For more than a decade Mike has been working with the Adam Mesh Trading Group as a stock market and commodities mentor. He’s trained over 200 individuals, spoken at several national conventions, and is a frequent contributor to educational webinars.

Mike writes The Gold Enthusiast daily newsletter, runs the Golden Hammer trading service, and participates in the Mesh Private Portfolio. He also keeps a position in international education which keeps him in touch with "the student mindset".

Mike focuses on the precious metals markets, the energy industry, and the financial sector. His motto is "Plan your trade, then trade your plan!"

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