by Cliff Green | Jul 20, 2015 | Base & Precious Metals Report, Gold
After consolidating within a broad and choppy trading range for the past 9 months Gold has broken decisively to the downside fully confirming resumption of the main bear cycle. Chart measurements confirm targets of initially 1080 then 1050 although eventual tests...
by Cliff Green | Jun 5, 2015 | Base & Precious Metals Report, Base Metals, Base Metals, Copper, LME
LME copper is currently approaching critical support in the 5850/60 area which if decisively breached would confirm the Jan-May recovery phase to have been major corrective action only and signal acceleration towards next objective in and around 5620. Take a free...
by Cliff Green | May 20, 2015 | Base & Precious Metals Report, Base Metals, Base Metals, Copper, Eurozone, LME, Weekly LME Base Metals Report
While short term trends have again turned down in the LME complex, current weakness appears to be much needed corrective action to recent impressive gains and hence viewed as part of a broader basing pattern. Could still work a little lower but don’t get too...
by Cliff Green | Apr 28, 2015 | Base & Precious Metals Report, Base Metals, Base Metals, Copper, Gold, LME, Weekly LME Base Metals Report
There are definite signs of improvement in the LME base metal markets with early technical evidence of a potential bottoming process being experienced. While each metal is at different stage of this basing cycle, the action currently being experienced appears to be...
by Cliff Green | Mar 23, 2015 | Base & Precious Metals Report, Base Metals, Base Metals, Copper, LME
Friday’s break to the upside completed a secondary bottom capable of supporting a test of the 6200 and even 6350 areas. However, this still appears to be corrective action only with longer tyerm downtrends undisturbed. See my full report for complete...