The Bottom in Precious Metals is In!

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The Bottom in Precious Metals is In!

The precious metals market has been in a solid downtrend for quite some time. However, Hawkeye knows, using Volume Spread Analysis, that accumulation is showing in these markets. And by the reaction of price to this accumulation, this could be the opportunity of 2016! Let’s look at the charts…

NEM Daily
NEM Daily

One of the world’s largest miners, NEM, has shown nothing but accumulation. Look at the Cyan arrows I have placed on the chart, all showing higher bottoms and the rising volume… again showing accumulation. Then BANG… on Friday, Hawkeye shows a wide-bar up with confirming very high Volume Radar.

GDX Daily
GDX Daily

The Gold Miner’s Index, GDX (with a basket of major miners), is also showing accumulation. Again I have placed Cyan arrows on the chart showing higher Hawkeye Pivot lows, and again on the Hawkeye Volume, showing strong breakout volume on Friday.

Gold Futures Contract Daily
GC Daily

While this Gold futures chart is not quite as clear, you can still see 2 days of buying volume and a Hawkeye Pivot low on the price, all shown by the Cyan arrows I placed on the chart. Compare with the Gold ETF – GLD.

Hawkeye Perspective
Like Gold, Silver and Platinum charts show the same profile. However, there is overhead resistance on the weekly charts to break through. So Gold will probably zig-zag in price, accumulating more volume in the process, in order to continue it’s advance through this resistance.

I am excited about the prospect next year for precious metals. That’s why I will hold a Special Webinar just on this topic in January 2016. I will send an email out with registration details soon.

We demonstrate this and many other methods in our live demonstration room held every Wednesday, and this is open to everyone. Click this link for more information or to join us in class.

Good Fortune,

Nigel Hawkes
Hawkeye Traders

[The cyan arrows are for illustration only and do not form part of the software]

One Reply to “The Bottom in Precious Metals is In!”

  1. Awesome analysis Nigel. I like how your refined Hawkeye indicators show the trend and movement direction of the markets. I would like to learn more about your system and how to trade with these systems. I’m am nee to trading, however I’m keen to learn as much as is possible from great mentor investor / traders like yourself. Thank you for all the effort that has gone into this Hawkeye systems.
    Brian