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Gold/Silver Market Crash – April 2013 Daryl Montgomery April 18, 2013 Copyright 2013, All Rights Reserved The contents of this presentation are not intended.

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Presentation on theme: "Gold/Silver Market Crash – April 2013 Daryl Montgomery April 18, 2013 Copyright 2013, All Rights Reserved The contents of this presentation are not intended."— Presentation transcript:

1 Gold/Silver Market Crash – April 2013 Daryl Montgomery April 18, 2013 Copyright 2013, All Rights Reserved The contents of this presentation are not intended as a recommendation to buy or sell any security.

2

3 Prelude to a Crash Silver peaks at $48.70/oz in April Gold peaks at /oz in Sept Silver had been declining for 24 months. Gold had been declining for 19 months. Sharp price after long decline indicates bottom. A sharp drop on high volume is called capitulation = All the sellers get shaken out of the market.

4 Timeline of Crash Up to Friday Goldman Sachs tells clients to short gold futures on Wed, April 10 th. Target price $1390. Spot gold drops $22. On Thurs April 11 th, New York Times has major article saying gold has lost its luster. Spot gold goes up slightly. On Friday, gold gaps down and breaks $1540 support, but initially holds at support at $1524. Trades as low as $1482. Gold down $72.70 and Silver down $1.45 on Friday. Huge volume spike. Very oversold.

5 GLD 10Day/15Minutes Friday 50, 200-Unit Moving Averages; RSI, MACD, RSI

6 SLV 10Day/15Minutes Friday 50, 200-Unit Moving Averages; RSI, MACD, RSI

7 GDX 10Day/15Minutes Friday 50, 200-Unit Moving Averages; RSI, MACD, RSI

8 GDXJ 10Day/15Minutes Friday 50, 200-Unit Moving Averages; RSI, MACD, RSI

9 GLD One-Year Daily Friday 50, 200, 325-DayMoving Averages; RSI, MACD, DMI

10 SLV One-Year Daily Friday 50, 200, 325-DayMoving Averages; RSI, MACD, DMI

11 GDX One-Year Daily Friday 50, 200, 325-DayMoving Averages; RSI, MACD, DMI

12 GDXJ One-Year Daily Friday 50, 200, 325-DayMoving Averages; RSI, MACD, DMI

13 GLD Monthly with Williams%R Friday 10,40,65-Month Moving Averages, RSI, DMI, MACD

14 SLV Monthly with Williams%R Friday 10,40,65-Month Moving Averages, RSI, DMI, MACD

15 GDX Monthly with Williams%R Friday 10,40,65-Month Moving Averages, RSI, DMI, MACD

16 GDXJ Monthly with Williams%R Friday 10,40,65-Month Moving Averages, RSI, DMI, MACD

17 GLD 10Day/15Minutes Friday 50, 200-Unit Moving Averages; RSI, MACD, RSI

18 SLV 10Day/15Minutes Friday 50, 200-Unit Moving Averages; RSI, MACD, RSI

19 GDX 10Day/15Minutes Friday 50, 200-Unit Moving Averages; RSI, MACD, RSI

20 GDXJ 10Day/15Minutes Friday 50, 200-Unit Moving Averages; RSI, MACD, RSI

21 GLD Monthly with Williams%R Friday 10,40,65-Month Moving Averages, RSI, DMI, MACD

22 GLD One-Year Daily Friday 50, 200, 325-DayMoving Averages; RSI, MACD, DMI

23 SLV One-Year Daily Friday 50, 200, 325-DayMoving Averages; RSI, MACD, DMI

24 GDX One-Year Daily Friday 50, 200, 325-DayMoving Averages; RSI, MACD, DMI

25 GDXJ One-Year Daily Friday 50, 200, 325-DayMoving Averages; RSI, MACD, DMI

26 SLV Monthly with Williams%R Friday 10,40,65-Month Moving Averages, RSI, DMI, MACD

27 GDX Monthly with Williams%R Friday 10,40,65-Month Moving Averages, RSI, DMI, MACD

28 GDXJ Monthly with Williams%R Friday 10,40,65-Month Moving Averages, RSI, DMI, MACD

29 Timeline of Crash Friday night: gold bug panic sets in. Aden Sisters recommend cutting PM holdings in half. Gold/silver gap down on Monday. Gold drops through several levels of support until it hold around $1350. Gold down $ and silver $3.16. Overnight bottom: gold 1345, silver Massive volume spike and technicals reach total wash out levels.

30 GLD 10Day/15Minutes Monday 50, 200-Unit Moving Averages; RSI, MACD, RSI

31 SLV 10Day/15Minutes Monday 50, 200-Unit Moving Averages; RSI, MACD, RSI

32 GDX 10Day/15Minutes Monday 50, 200-Unit Moving Averages; RSI, MACD, RSI

33 GDXJ 10Day/15Minutes Monday 50, 200-Unit Moving Averages; RSI, MACD, RSI

34 GLD Six-Months Daily Volume Monday 50, 200, 325-DayMoving Averages with Volume

35 SLV Six-Months Daily Volume Monday 50, 200, 325-DayMoving Averages with Volume

36 GDX Six-Months Daily Volume Monday 50, 200, 325-DayMoving Averages with Volume

37 GDXJ Six-Months Daily Volume Monday 50, 200, 325-DayMoving Averages with Volume

38 GLD One-Year Daily Monday 50, 200, 325-DayMoving Averages; RSI, MACD, DMI

39 SLV One-Year Daily Monday 50, 200, 325-DayMoving Averages; RSI, MACD, DMI

40 GDX One-Year Daily Monday 50, 200, 325-DayMoving Averages; RSI, MACD, DMI

41 GDXJ One-Year Daily Monday 50, 200, 325-DayMoving Averages; RSI, MACD, DMI

42 GOLD ETF: GLD 5-Years Weekly Monday 10, 40, 65-Week Moving Averages, RSI, DMI, MACD

43 Silver ETF SLV 5-Years Weekly 10, 40, 65-Week Moving Averages, RSI, DMI, MACD

44 Mining ETF GDX 5-Years Weekly 10, 40, 65-Week Moving Averages and RSI, DMI, MACD

45 Mining ETF GDXJ 5-Years Weekly 10, 40, 65-Week Moving Averages and RSI, DMI, MACD

46 GLD Monthly with Bollinger Bands Monday 10,40,65,80-Month Moving Averages, RSI, DMI, MACD

47 SLV Monthly with Bollinger Bands Monday 10,40,65,80-Month Moving Averages, RSI, DMI, MACD

48 GDX Monthly with Bollinger Bands Monday 10,40,65,80-Month Moving Averages, RSI, DMI, MACD

49 The Day After the Crash Gold continues dropping after Boston Marathon terrorist incident (strange). The CFTC reduces allowed leverage for precious metals trading. Goldman Sachs says market hasnt bottomed. Crackpot predictions surface including one that predicts gold will drop to $800. More reasonable predictions surface given valid reasons why gold could drop to $1250 to $1300 (production costs).


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