Weekly Chart Buy Signals Triggered in Gold & Silver

Over the last month or so, the so-called virtual or "crypto" currency market has imploded. The leading virtual currency, known as Bitcoin, fell to a low of $1,830 this morning after trading near $3,000 only one month ago, This 39% break compares to losses near 60% in other crytocurrencies (of which there are at least ten right now). 

My strong hunch here is that the loss of confidence by speculators in this extremely volatile market will benefit gold, silver, and the entire precious metals investment arena. In fact, key weekly chart buy signals have now been triggered by my computer trading system in most gold and silver-related shares and ETFs.

Bottom line: A major rally in gold and silver prices is now underway. Precious metals mining shares are likely to participate and post big gains over the next several months!

Silver ETF (SLV) Weekly Chart with Computer-generated Buy & Sell Signlas

Gold/Silver Mining Index (XAU) Weekly Chart with Computer-generated Buy & Sell Signals

Official Monthly Chart Sell Signal Triggered in the Nasdaq Composite Index !!

It's official !

A monthly chart sell signal has been triggered by my computer trading system in the Nasdaq Composite Index, the first sell signal in this key stock market barometer since July 2007 !!

Official monthly chart sell signals have also been triggered in the following key stocks, ETF's, and indexes: NDX, SOX, QQQ, SMH, RTH, XLU, AMAT, CLX, CMCSA, COR, CRUS, FLEX, KLAC, LVLT, MCHP, MAR, MSFT, NFLX, SBUX, SO, TXN, VMW, and XLNX among others.

At year-end December 31st, 2017, when most major U.S. stock market indexes are down 20% or more, traders and investors will see several dozen key warning signs "in the rear view mirror", but one of the primary bearish drivers will clearly be seen as the loss of central bank monetary support from the U.S. Federal Reserve and other major central banks on a global basis. While potential "black swans" could easily exacerbate the bear market decline that has already begun to unfold, the seeds for this major correction ahead have already been sowed.

Nasdaq Composite Index Monthly Chart with Computer-generated Buy & Sell Signals

Microsoft (MSFT) Monthly Chart with Computer-generated Buy & Sell Signals

Micron Technology (MU) Weekly Chart with Computer-generated Buy & Sell Signals