White Metal, White Hot (SLV,GLD)

Executive Lounge, Wall Street Elite

We mentioned it before, but it bears repeating – the latest moves in the precious metals market have been both extraordinary and widely advertised.  And while it’s clear to all that the move off the December lows has breathed new life into gold and silver, it’s not so clear whether it will last. There we […]

May 2, 2016

End of the Bug-Bear? (DIA,SLV)

Executive Lounge, Options Trader Elite

For the last three and a half months the precious metals have been rallying.  On and off, wheeling and rocking, the whole sector, including the miners, have been waging a fierce battle to conquer their respective down-trending moving averages and recapture the glory they lost in 2011.   And everyone has been pitching in with […]

April 21, 2016

Silver Dollar Anyone? (SLV,UUP)

Executive Lounge, Wall Street Elite

There are a couple of stories we’re watching today. The first is the dollar, which last Friday popped up above all its moving averages, reinvigorating the bulls and slaughtering any notion that the dollar’s ascent is done with.   We’ll have a chart of the dollar for you in a moment, but first let’s outline […]

March 2, 2016

Gold Wins, and Gold Loses

Executive Lounge, Wall Street Elite

The most dramatic moves in the market last week belonged to the precious metals and their associates, which jumped like a shocked rodeo steer as the dollar lost ground. The question now facing gold (and dollar) addicts is whether those moves were for real. Has the dollar’s relentless drive skyward now stalled? And will that […]

May 18, 2015