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Jonathan Da Silva

Jonathan Da Silva

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Jonathan Da Silva developed a passion for hard money and economics from a young age having been influenced by family who sought to teach me that "nothing is free", and the importance of intrinsic value early on. My interest in markets grew keener during the great financial crisis of 2008; leaning on family with vast trading experience, I began to self-educate on technical analysis and economics- drawing inspiration from the works of individuals like W.D. Gann and Adam Smith. I have been a proud member of the Kitco team since 2017 and hope that my writing inspires readers to consider an objective view of the metals, and the greater financial markets.

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Stocks about to go higher (bitcoin too)?

(Kitco commentary) - An update on the stock market via a zoomed out daily chart of S&P futures: Resistance at 4195 continues to hold up, for now. I have written that should price get into the yellow area a test of the top of the zone is likely; I think price is preparing to break into the yellow zone.

Metals under pressure - will it last?

(Kitco commentary) - Gold has broken below spot $1990, and the support line I presented last week; the same daily chart is shown below.

Silver smashed into a buying opportunity?

(Kitco commentary) - Below is a 4-hour chart of silver (updated from the 3-hour interval I showed Monday).

Bears try to strike back - but trend still intact

(Kitco commentary) - The last line I wrote on Thursday last week was: “For now, I am braced for more volatility coming on tomorrow morning’s jobs report.” The volatility on Friday did not disappoint; sellers may have done enough to prevent that runaway rally I also alluded to on Thursday.

Metals: Volatility in spades

(Kitco commentary) - My last words on Friday last week were, “If nothing else, brace for upcoming volatility.” The market delivered in spades Monday morning, with silver making a full $1 pop and dropping in a 3-hour timeframe.

Silver setting up the next move

(Kitco commentary) - Silver is consolidating in a bullish flag formation, shown below on the 3 hour timeframe:

Golden opportunity to buy the dip?

(Kitco commentary) - On Wednesday last week, I wrote: “The bottom of the yellow highlighted boxes are where I believe prices may find support.”

Rhodium ready to rock?

(Kitco commentary) - Let me caution that rhodium, and the rhodium market should in my opinion be understood prior to venturing.

Metals: Technical damage not a reversal in trend

(Kitco commentary) - I wrote Monday that, in my opinion, dips in metals were likely a buying opportunity until such time as technical damage occurred. As a regular reader soon after commented, "Technical damage is done."

Metals: Emotions aside, nothing has changed

(Kitco commentary) - From a technical perspective, Friday’s indiscriminate selling hasn’t done damage.