Category Archives: SLV

Sunday Night Futures

June 8, 2025 By in GCQ25, GLD, SLV

Gold, Silver, Potential ‘Reversal’

Yesterday’s update, presented the idea, silver may be at an inflection point; either reversal or sideways action (not advice, not a recommendation).

In the case of gold, we’re still below the highs set on April 22nd.

As of this post, the gold contract GCQ25, is trading slightly lower (6:55 p.m., EST)

Note, the last analysis on gold, GLD, presented the ‘Force Index’ indicator for potential reversal.

Until gold, GLD posts a decisive new high, past 317.63, that indicator is still in-effect (not advice, not a recommendation).

Gold GLD, 8-Day

Note the possible blow-off price action and thrust energy.

Also note the downward thrust.

This size of downward force has only happened twice before; the 2020 panic lows, and the last time gold started major, long-time reversal (September, of 2011).

Stay Tuned

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279

Silver … Breakout or Not?

June 7, 2025 By in DUST, DUST-25-02, GDX, GLD, Gold & Silver, Gold Miners, Positions, SLV 1 Comment

We’re at The Target

So, which is it?

Door No. 1

Silver’s in the long (decades long) awaited breakout to hyperinflationary heaven, or …

Door No. 2

Silver has met its Fibonacci target, ready for reversal, sideways action, or …

Door No. 3

None of the above.

Then, what about the Miners?

It looks like they (GDX) have already decided.

No sooner had Friday’s update been released, they appear to have reversed (not advice, not a recommendation).

Obviously, there’s a lot going on in the markets and it’s happening fast. We’ve already been told what’s (likely to be) coming.

Back to silver, SLV.

Silver SLV, Weekly

The chart shows what looks to be a corrective a-b-c (against the trend) move that’s lasted several years.

Note the ‘alternation’ of the moves.

Wave ‘a’ was dynamic, straight up. Next wave higher, wave ‘c’, is choppy and overlapping.

Moving in closer, we have the following.

The chart itself, says we’re back to the volume ‘spikes’ that typically occur (for SLV) at, or near, the end of a move (not advice, not a recommendation).

To add intrigue, note the massive downward thrust of Force Index during the ‘Tariff’ uproar.

Is this another hint of (pending) reversal?

Stay Tuned

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Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279

Silver, Nears The ‘Target’

June 6, 2025 By in Gold & Silver, JDST, JDST-25-12, MDB, MDB-25-01, Positions, SLV 1 Comment

What Happens, Then?

Let’s look at silver’s ‘breakout’ and see where the move might be headed.

A standard Fibonacci projection tool is shown on the silver chart; then, an additional chart (of MDB) presents how it looks, when met.

Silver SLV, Monthly

We’re very near the ‘100%’ projection.

Now, for an example of how it looks when the projection is met (exactly).

MongoDB, MDB, Daily

Price action hits the 261.8% exactly, after the earnings release.

After getting ‘whacked’ on positioning short the miners, all positions closed.

Standing aside for now (not advice, not a recommendation).

Stay Tuned

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279

Silver Breakout?

June 3, 2025 By in GDX, GDXJ, Gold & Silver, Gold Miners, JDST, JDST-25-12, Positions, SLV, ZeroHedge

Gold & Silver Miners (shorts) Capitulate?

Did the shorts just run for the exits?

Yesterday’s hysteria created yet another potential (sustainable) silver breakout, maybe.

Silver Surges: Breaking out of Triangle Pattern to New Highs in 2025, link here.

Producing another rush by the herd, attempting to trade what’s already happened.

The Silver Squeeze Awakens: Options Market Screams for More, link here.

The last update said ‘today could be the day’ … the day we get a downside reversal in the miners.

Instead, we have potential JDST short-side capitulation; with inference of GDXJ, downside (not advice, not a recommendation).

Junior Miners 2X Leveraged Inverse Fund JDST, Daily

Today is an important day.

Will we get follow-through on GDXJ (up) and JDST (down), or will the hysteria fade?

If this really is a silver squeeze, one would expect the market (SLV) to scream ever-higher (not advice, not a recommendation).

Stay Tuned

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279

Sunday Night Futures

May 4, 2025 By in CLM25, GLD, Gold & Silver, Gold Miners, Oil, Oil & Gas, SLV, XOP Tags: 1 Comment

Gold, Silver & The Oil Patch

We’re about three-hours into the Sunday overnight session and here’s what’s happening, and what’s not.

Both gold and silver are holding steady; oil, has opened gap-down, trading lower by -3.4%.

Yesterday’s update showed the oil patch to be ‘exceptionally’ weak. The Sunday night open, is confirming that assessment (not advice, not a recommendation).

Market Directed Action

The market itself tells us where to go for opportunity.

At this point, it’s telling us to focus on the oil sector.

Looking at the futures contract, CLM25, there’s not a single major gap that has not been filled or nearly filled.

That tells us, probabilities point to some kind of upward move (to close the gap) which in turn, tells us to monitor the sector (ETF) index, XOP.

Stay Tuned

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Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279

Miners, Call It Quits

May 2, 2025 By in GDX, GDXJ, GLD, Gold & Silver, Gold Miners, JDST, JDST-25-10, Positions, SILJ, SLV

For Now, At Least

All three index ETFs, GDX, GDXJ, and SILJ, posting lower, with the silver miners down the most.

The lower action couples with lower silver (SLV) and nearly lower gold (GLD).

For Junior Miners GDXJ, as of this post (12:28 p.m., EST), it’s showing ‘outside down’.

Junior Miners GDXJ, Daily

It’s important to note, yesterday’s update said there would (likely) be an attempt to move higher.

That’s what happened; then, price action reversed.

The chart shows how short position, JDST-25-10, is being managed. Lowering the stop (higher for JDST) in the direction of the trade (not advice, not a recommendation).

Note, work has already been done on potential, significant reversal for gold and on-going, languishing of silver: Links here, here, here, here and here (not advice, not a recommendation).

Stay Tuned

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279

Gold’s Parabolic Top

April 26, 2025 By in GDX, GDXJ, GLD, Gold & Silver, Gold Miners, JDST, JDST-25-10, Positions, SILJ, SLV, ZeroHedge 2 Comments

Mass Liquidations?

During gold’s (GLD) way to the top, or potential top, it has posted gap-higher, after gap-higher.

That is, until now.

This past week, it has come down to fill one of the gaps.

Is this the start of other downside fills?

Before we look at the chart of GLD, let’s review a prior commodity blow-off top.

We’ll chose silver (SLV), for this example.

Silver SLV, 3-Day

There’s a lot going on in this chart.

First, this is what a commodity blow-off looks like.

Second, once this happens with volume, there’s been a significant ‘changing of hands’; it takes a long time to recover.

In fact, here we are, fourteen years later and silver SLV, has yet to reach the levels of early May 2011.

Prices are still far below, even with non-stop propaganda, experts, and grifters cheering it on.

Now, we’ll put up the chart of gold GLD.

Gold GLD, Weekly

The last time GLD posted a Force Index of 1.8B, was back in 2011, just before the last major top.

It’s important to note, the huge reading in Force Index, did not come at the exact top. It came before the top.

We’re in a similar situation. The massive Force Index reading has already posted (not advice, not a recommendation).

Then, two weeks later, we have near record liquidations in the GLD, ETF, link here.

Stay Tuned

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279

Are The Miners Exhausted?

April 25, 2025 By in GDX, GDXJ, GLD, Gold & Silver, Gold Miners, JDST, JDST-25-10, Positions, SLV 1 Comment

We’re About To Find Out

It’s been a wild ride for gold, silver, and the miners.

This week, gold (GLD) posted a weekly reversal bar as did senior and junior miners, GDX, GDXJ.

Silver miners SILJ, posted an up-thrust reversal after meeting the target identified in this update.

For over a year, this site, if not outright negative on silver (SLV), has at least been ‘non-bullish’ as the metal can’t seem to get out of its own way.

So far, nothing has changed on that front (not advice, not a recommendation).

Junior Miners GDXJ, Daily

With gold posting what looks to be a typical commodity blow-off top, it leaves the miners in a potentially vulnerable position (not advice, not a recommendation).

Stay Tuned

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279

Bear Market = Wealth Transfer

April 14, 2025 By in 1987, GDX, GDXJ, GLD, Gold & Silver, Gold Miners, JDST, JDST-25-09, LABD, LABD-25-06, Positions, SILJ, SLV, Spring-to-Up-Thrust, Uneducated Economist Tags: , , , 1 Comment

The ‘Extraction’ Process

Bear markets are not (always) prices going straight down, a la 1987.

Bear markets are ‘price destruction’; a series of ups and downs that effectively drain (whipsaw) the typical market account.

The last two weeks have seen record breaking extremes; the latest being this update, indicating the market posted the largest volume ever recorded.

Dodging Bullets

A case in point, this site’s narrow miss on having a huge gain (LABD-25-06, short biotech) being completely obliterated in last week’s largest short squeeze, ever.

It’s (almost) a ‘no-brainer’, this type of market behavior is not bullish (not advice, not a recommendation).

Then, The Propaganda

If it’s not dodging bullets, it’s sifting through the propaganda, half-truths, and outright lies.

The latest of these, (could be) ‘China dumping dollars’ and other ‘collapse’ narratives.

There’s volatility for sure. That’s what bear markets are about. However, this link might help mitigate the hysteria around the ‘It’s all blowing up’ narrative (not advice, not a recommendation).

In the above link, how it really works, time stamp: 17:58

So, here we are. What’s next?

Gold & Silver, Update

Even though both gold (GLD), and silver (SLV), are trading lower as of this post (12:52 p.m., EST), the Junior Miners GDXJ, posted a new daily high, thus, short JDST-25-09, was exited (not advice, not a recommendation).

Today’s activity does point to a new potential (developing) set-up, this time, silver miners SILJ.

Silver Miners SILJ, Daily

The set-up (spring-to-up-thrust) may develop from here, or it could diffuse into chaos.

It remains a possibility, until price action itself says, ‘no’.

Stay Tuned

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279

Sunday Night Futures

April 13, 2025 By in GDX, GDXJ, GLD, Gold & Silver, JDST, JDST-25-09, Positions, SLV

Gold & Silver, Update

We’re about two hours into the overnight session.

Gold (GCM25) is holding steady with a marginal decline.

Silver (SIK25) has posted a characteristic opening ‘spike’ reversal (5-minute bar), threatening to move lower.

At this juncture, the important part, is what’s not happening.

That is, neither metal has had a (significant) gap-higher open; they are not continuing their unabated advances.

For silver, we’re going to update the SLV, ETF, chart.

Silver SLV, Daily

As of this post, the (futures equivalent) ETF close of last Friday (29.19), is holding.

Trading is still at the 61.8%, Fibonacci retrace.

From a positioning standpoint, this sector (precious metals) is already held short via the Junior’s leveraged inverse JDST (not advice, not a recommendation).

Stay Tuned

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279