Chart Master: Short silver, go long gold

Japan's Nikkei index fell 0.44% on Monday, ending a two-day winning streak. This decline was driven by weak technology stocks, such as Advantest and Tokyo Electron, which followed a negative trend from Wall Street. The market also slipped because several large companies traded "ex-dividend," causing their share prices to adjust downward naturally. While ...

Spot gold (XAUUSD) is down sharply on Monday, posting its largest one-day loss since October 21. That one eventually led to a $494.98 loss in 6 days. If you chop $494.98 off Friday’s high at $4536.75, that gives us a target of $4041.76 on January 6. That will also put us on the weak side of the 50-day moving average at $4171.59. So let’s see how this swing ...

Silver was all the rage through the Christmas holidays and that even extended through this week’s open, with the metal rushing all the way up to and beyond the 80-handle to set a fresh all-time-high. But that enthusiasm couldn’t remain for long as profit taking soon took over, and at this point, the Monday candle is showing as a bearish engulf as sellers ...