{"id":21316,"date":"2013-07-23T12:00:17","date_gmt":"2013-07-23T16:00:17","guid":{"rendered":"http:\/\/www.ino.com\/blog\/?p=21316"},"modified":"2013-07-23T11:31:26","modified_gmt":"2013-07-23T15:31:26","slug":"precious-metals-must-make-a-stronger-statement-still","status":"publish","type":"post","link":"https:\/\/wwwtest.ino.com\/blog\/2013\/07\/precious-metals-must-make-a-stronger-statement-still\/","title":{"rendered":"Precious Metals Must Make a Stronger Statement Still"},"content":{"rendered":"<p>Yesterday was an impulsive looking move and something of a statement in itself.\u00a0 But now technically, the metals and miners need to gather themselves (after a potential pullback on profit taking) and make a real statement.<\/p>\n<p>Yesterday was the booster stage (gap up), and another leg up from here would give the precious metals complex the velocity to do some real damage with respect to upside targets.\u00a0 That is because important resistance zones are now at hand.\u00a0 While a pullback would be normal, gold bugs obviously do not want to see a terminal velocity situation where yesterday\u2019s momentum erodes beyond normal profit taking.<!--more--><\/p>\n<p><a href=\"http:\/\/biiwii.com\/wordpress\/wp-content\/uploads\/2013\/07\/gold.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-11826\" alt=\"gold\" src=\"\/\/biiwii.com\/wordpress\/wp-content\/uploads\/2013\/07\/gold-500x220.png\" width=\"500\" height=\"220\" \/><\/a><\/p>\n<p>As we have noted in <a href=\"http:\/\/biiwii.com\/wordpress\/about-nftrh\/\">NFTRH<\/a>, gold has significant visual and moving average (50 day) resistance at and around 1350.\u00a0 The relic always was going to at least pause at this level.\u00a0 Now the real work comes in.\u00a0 Volume, for the ferocity of the price rise, was not inspiring.<\/p>\n<p><a href=\"http:\/\/biiwii.com\/wordpress\/wp-content\/uploads\/2013\/07\/silver2.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-11828\" alt=\"silver\" src=\"\/\/biiwii.com\/wordpress\/wp-content\/uploads\/2013\/07\/silver2-500x220.png\" width=\"500\" height=\"220\" \/><\/a><\/p>\n<p>Silver\u2019s significant resistance starts coming into play at 21.\u00a0 It must break the flag to the upside and challenge one of the two noted resistance levels.<\/p>\n<p><a href=\"http:\/\/biiwii.com\/wordpress\/wp-content\/uploads\/2013\/07\/hui6.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-11830\" alt=\"hui\" src=\"\/\/biiwii.com\/wordpress\/wp-content\/uploads\/2013\/07\/hui6-500x296.png\" width=\"500\" height=\"296\" \/><\/a><\/p>\n<p>HUI did break a flag of its own yesterday, which was something we wanted to see.\u00a0 That after an ongoing bullish divergence by daily MACD.\u00a0 Notably, HUI popped over the 50 day averages for the first time during the post-October bear market leg.\u00a0 So, are the miners leading?<\/p>\n<p><a href=\"http:\/\/biiwii.com\/wordpress\/wp-content\/uploads\/2013\/07\/hui.gold_.silver.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-11831\" alt=\"hui.gold.silver\" src=\"\/\/biiwii.com\/wordpress\/wp-content\/uploads\/2013\/07\/hui.gold_.silver-500x440.png\" width=\"500\" height=\"440\" \/><\/a><\/p>\n<p>Well, they are making a move to do just that by rising above the 50 day averages and breaking a trend line in relation to both gold (top) and silver (bottom).\u00a0 This simply must be maintained, no ifs ands or buts, for the precious metals complex to continue looking prospective for upside targets.<\/p>\n<p>There is much more to the picture than the above charts, however.\u00a0 It is simply vital to track gold\u2019s relation to assets that are positively correlated to the global economy.\u00a0 That is where the real work takes place in understanding precious metals macro fundamentals, and these signals \u2013 which also got a boost yesterday \u2013 must remain on track for the rally to attain significant targets and\/or morph into a new bull market phase.<\/p>\n<p>Gold-Oil, Gold-Commodities, Gold-Stock Market, etc\u2026 That is all the geeky stuff that <a href=\"http:\/\/biiwii.com\/wordpress\/about-nftrh\/\">NFTRH<\/a> will continue to do on a weekly basis so that we can define what is in play every step of the way.\u00a0 If the \u2018real\u2019 price of gold rises, then we\u2019ve got something cooking \u2013 and not just for the precious metals.\u00a0 The implications would spread out to the entire macro environment.\u00a0 So watch everything, not just nominal gold, silver and HUI.<\/p>\n<p><a href=\"http:\/\/www.biiwii.com\">Biiwii.com<\/a>, <a href=\"http:\/\/biiwii.com\/wordpress\/about-nftrh\/\">Notes From the Rabbit Hole<\/a>, <a href=\"https:\/\/twitter.com\/intent\/follow?original_referer=http%3A%2F%2Fbiiwii.com%2Fwordpress%2F&amp;region=follow_link&amp;screen_name=BiiwiiNFTRH&amp;tw_p=followbutton&amp;variant=2.0\">Twitter<\/a>, <a href=\"http:\/\/biiwii.com\/wordpress\/free-eletter\/\">Free eLetter<\/a><\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>Yesterday was an impulsive looking move and something of a statement in itself.\u00a0 But now technically, the metals and miners need to gather themselves (after a potential pullback on profit taking) and make a real statement. Yesterday was the booster stage (gap up), and another leg up from here would give the precious metals complex [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":35,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1840,4273,23,2315,4876,7948,3565,5006,307,294,3035,5347],"class_list":["post-21316","post","type-post","status-publish","format-standard","hentry","category-general","tag-biiwiicom","tag-gary-tanashian","tag-gold","tag-gold-chart","tag-gold-investing","tag-guest-bloggers","tag-how-to-trade-gold","tag-how-to-trade-silver","tag-precious-metals","tag-silver","tag-silver-chart","tag-silver-investing"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v23.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Precious Metals Must Make a Stronger Statement Still - INO.com Trader&#039;s Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wwwtest.ino.com\/blog\/2013\/07\/precious-metals-must-make-a-stronger-statement-still\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Precious Metals Must Make a Stronger Statement Still - INO.com Trader&#039;s Blog\" \/>\n<meta property=\"og:description\" content=\"Yesterday was an impulsive looking move and something of a statement in itself.\u00a0 But now technically, the metals and miners need to gather themselves (after a potential pullback on profit taking) and make a real statement. Yesterday was the booster stage (gap up), and another leg up from here would give the precious metals complex [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wwwtest.ino.com\/blog\/2013\/07\/precious-metals-must-make-a-stronger-statement-still\/\" \/>\n<meta property=\"og:site_name\" content=\"INO.com Trader&#039;s Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/inocom\/\" \/>\n<meta property=\"article:published_time\" content=\"2013-07-23T16:00:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2013-07-23T15:31:26+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/wwwtest.ino.com\/blog\/2013\/07\/precious-metals-must-make-a-stronger-statement-still\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wwwtest.ino.com\/blog\/2013\/07\/precious-metals-must-make-a-stronger-statement-still\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/person\/bba6c53e29bb42c46635f48939c5bd7b\"},\"headline\":\"Precious Metals Must Make a Stronger Statement Still\",\"datePublished\":\"2013-07-23T16:00:17+00:00\",\"dateModified\":\"2013-07-23T15:31:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wwwtest.ino.com\/blog\/2013\/07\/precious-metals-must-make-a-stronger-statement-still\/\"},\"wordCount\":443,\"commentCount\":2,\"publisher\":{\"@id\":\"https:\/\/www.ino.com\/blog\/#organization\"},\"keywords\":[\"biiwii.com\",\"Gary Tanashian\",\"Gold\",\"Gold chart\",\"gold investing\",\"Guest Bloggers\",\"how to trade gold\",\"how to trade silver\",\"precious metals\",\"silver\",\"silver chart\",\"silver investing\"],\"articleSection\":[\"General\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/wwwtest.ino.com\/blog\/2013\/07\/precious-metals-must-make-a-stronger-statement-still\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wwwtest.ino.com\/blog\/2013\/07\/precious-metals-must-make-a-stronger-statement-still\/\",\"url\":\"https:\/\/wwwtest.ino.com\/blog\/2013\/07\/precious-metals-must-make-a-stronger-statement-still\/\",\"name\":\"Precious Metals Must Make a Stronger Statement Still - INO.com Trader&#039;s Blog\",\"isPartOf\":{\"@id\":\"https:\/\/www.ino.com\/blog\/#website\"},\"datePublished\":\"2013-07-23T16:00:17+00:00\",\"dateModified\":\"2013-07-23T15:31:26+00:00\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wwwtest.ino.com\/blog\/2013\/07\/precious-metals-must-make-a-stronger-statement-still\/\"]}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ino.com\/blog\/#website\",\"url\":\"https:\/\/www.ino.com\/blog\/\",\"name\":\"INO.com Trader&#039;s Blog\",\"description\":\"Expert Charts, Trading Tips and Technical Analysis from INO.com\",\"publisher\":{\"@id\":\"https:\/\/www.ino.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ino.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.ino.com\/blog\/#organization\",\"name\":\"INO.com Trader&#039;s Blog\",\"url\":\"https:\/\/www.ino.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2018\/12\/inologo-400.jpg\",\"contentUrl\":\"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2018\/12\/inologo-400.jpg\",\"width\":400,\"height\":472,\"caption\":\"INO.com Trader&#039;s Blog\"},\"image\":{\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/inocom\/\",\"https:\/\/www.linkedin.com\/company-beta\/1056449\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/person\/bba6c53e29bb42c46635f48939c5bd7b\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/ac02c9dd46718e8075e4bb6ac4c396b8?s=96&d=identicon&r=pg\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/ac02c9dd46718e8075e4bb6ac4c396b8?s=96&d=identicon&r=pg\",\"caption\":\"admin\"},\"url\":\"https:\/\/wwwtest.ino.com\/blog\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Precious Metals Must Make a Stronger Statement Still - INO.com Trader&#039;s Blog","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wwwtest.ino.com\/blog\/2013\/07\/precious-metals-must-make-a-stronger-statement-still\/","og_locale":"en_US","og_type":"article","og_title":"Precious Metals Must Make a Stronger Statement Still - INO.com Trader&#039;s Blog","og_description":"Yesterday was an impulsive looking move and something of a statement in itself.\u00a0 But now technically, the metals and miners need to gather themselves (after a potential pullback on profit taking) and make a real statement. Yesterday was the booster stage (gap up), and another leg up from here would give the precious metals complex [&hellip;]","og_url":"https:\/\/wwwtest.ino.com\/blog\/2013\/07\/precious-metals-must-make-a-stronger-statement-still\/","og_site_name":"INO.com Trader&#039;s Blog","article_publisher":"https:\/\/www.facebook.com\/inocom\/","article_published_time":"2013-07-23T16:00:17+00:00","article_modified_time":"2013-07-23T15:31:26+00:00","author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/wwwtest.ino.com\/blog\/2013\/07\/precious-metals-must-make-a-stronger-statement-still\/#article","isPartOf":{"@id":"https:\/\/wwwtest.ino.com\/blog\/2013\/07\/precious-metals-must-make-a-stronger-statement-still\/"},"author":{"name":"admin","@id":"https:\/\/www.ino.com\/blog\/#\/schema\/person\/bba6c53e29bb42c46635f48939c5bd7b"},"headline":"Precious Metals Must Make a Stronger Statement Still","datePublished":"2013-07-23T16:00:17+00:00","dateModified":"2013-07-23T15:31:26+00:00","mainEntityOfPage":{"@id":"https:\/\/wwwtest.ino.com\/blog\/2013\/07\/precious-metals-must-make-a-stronger-statement-still\/"},"wordCount":443,"commentCount":2,"publisher":{"@id":"https:\/\/www.ino.com\/blog\/#organization"},"keywords":["biiwii.com","Gary Tanashian","Gold","Gold chart","gold investing","Guest Bloggers","how to trade gold","how to trade silver","precious metals","silver","silver chart","silver investing"],"articleSection":["General"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/wwwtest.ino.com\/blog\/2013\/07\/precious-metals-must-make-a-stronger-statement-still\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/wwwtest.ino.com\/blog\/2013\/07\/precious-metals-must-make-a-stronger-statement-still\/","url":"https:\/\/wwwtest.ino.com\/blog\/2013\/07\/precious-metals-must-make-a-stronger-statement-still\/","name":"Precious Metals Must Make a Stronger Statement Still - INO.com Trader&#039;s Blog","isPartOf":{"@id":"https:\/\/www.ino.com\/blog\/#website"},"datePublished":"2013-07-23T16:00:17+00:00","dateModified":"2013-07-23T15:31:26+00:00","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wwwtest.ino.com\/blog\/2013\/07\/precious-metals-must-make-a-stronger-statement-still\/"]}]},{"@type":"WebSite","@id":"https:\/\/www.ino.com\/blog\/#website","url":"https:\/\/www.ino.com\/blog\/","name":"INO.com Trader&#039;s Blog","description":"Expert Charts, Trading Tips and Technical Analysis from INO.com","publisher":{"@id":"https:\/\/www.ino.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ino.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.ino.com\/blog\/#organization","name":"INO.com Trader&#039;s Blog","url":"https:\/\/www.ino.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ino.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2018\/12\/inologo-400.jpg","contentUrl":"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2018\/12\/inologo-400.jpg","width":400,"height":472,"caption":"INO.com Trader&#039;s Blog"},"image":{"@id":"https:\/\/www.ino.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/inocom\/","https:\/\/www.linkedin.com\/company-beta\/1056449\/"]},{"@type":"Person","@id":"https:\/\/www.ino.com\/blog\/#\/schema\/person\/bba6c53e29bb42c46635f48939c5bd7b","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ino.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/ac02c9dd46718e8075e4bb6ac4c396b8?s=96&d=identicon&r=pg","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ac02c9dd46718e8075e4bb6ac4c396b8?s=96&d=identicon&r=pg","caption":"admin"},"url":"https:\/\/wwwtest.ino.com\/blog\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/posts\/21316"}],"collection":[{"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/comments?post=21316"}],"version-history":[{"count":0,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/posts\/21316\/revisions"}],"wp:attachment":[{"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/media?parent=21316"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/categories?post=21316"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/tags?post=21316"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}