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Gold And Silver Trends Gain Strength

Published 02/10/2019, 01:50 AM
Updated 07/09/2023, 06:31 AM

The Commitments of Traders report is being updated twice a week until it catches up with the current week. This means DI and other leverage calculations, critical tools that help identify early and late life cycle trades, barring another government shutdown, should be up-to-date by March.

British pound and corn entered alignment. Neither are strong signals as they each have weaknesses.

Gold and Silver's trends are gaining strength. Gold is leading, but silver is not too far behind. The precious metals composite or PMC (line 74-77) is driving this strength. Two out of three of the PMC's subcomponents are bullish. It will be three out of three when silver begins outperforming gold (line 74). It's only a matter of time, and acceleration of trends will be a probable outcome.

I make no attempt to promote gold and silver, frankly far too many have been doing this since 2011. Gold should not be considered a permanent addition to portfolios nor a solution to the monetary crisis. It's an asset that should be bought and sold. With that said, it's looking like 2019 could be the year that relights the fuse.

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