Last week was very disappointing for those who had previously been long precious metals and very profitable for precious metals bears.
Gold Market Analysis
Technical analysis to forecast future price trends of gold and other precious metals, as well as the US Dollar and the Euro.
Photographic demand for silver has fallen 70% from its peak. What could possibly fill that gap...?
To many observers, deflation was a thing of the past in the wake of the QE3. The Fed’s asset purchases, which drove down bond yields to record lows, were thought to have tamed the global deflationary probl
Gold continues to struggle and so do explorers. I am seeing encouragement in the trading of some discovery stories but this is a very small subset of the junior sector.
The bearish sentiment in the gold market has become almost surreal.
The Australian gold sector (XGD) is selling today (intra-day) at a record 53.56% below its 200dma. This is a rare event indeed as even the 2008 violent panic crash produced a low around 48% below the 200dm
Since the middle of April we have all heard the gold bear cry of ‘it’s over, gold is done with…the bubble has burst.’ But not many of these so-called expert commentators have really looked into the strength
[ed: 'Risk Off' might seem obvious this morning, but NFTRH has been highlighting acute risk in the US stock market since leading indicators â€“ including a sentiment extreme exactly opposite to the cont
Well, well. What a pounding the metals took this week. It’s no fun to grasp at hopes and dreams while your assets tumble to the weeds.
Wednesday June 19th, the bond and stock markets had a bad day. We saw more of the same on Thursday; only worse. Doctor Bernanke testified before Congress that he was going to begin “tapering” his current
Whatever expectation[s] you may have, expect the unexpected and unlike what you may expect. So far, that has been playing out quite nicely, and one of our expectations is that it will continue to unfold in
Even before this week’s latest Fed-tapering scare, gold stocks remained firmly entrenched as the most-hated sector in all the markets. They are as deeply out of favor as they’ve been in their enti
After the October 2012 top, gold has been in decline for nearly nine months, and this week it dropped to another low that has the radio/TV gold hucksters changing their tune from "buy gold because it's goin
Winston Churchill is famously known for having said, "The further back you look, the further ahead you can see," and indeed, historical precedent is one of the few tools we have a
Our recent calls for a bottom have been proven wrong as precious metals plunged to another new low. Two trading rules we have is to always use a 20% stop and never add to a losing position.
As we see gold and silver prices plunge lower (again) today; it becomes an especially good idea to step back, and look at the Big Picture of these markets. Why? Because nothing happened today.
Sometimes words speak louder than actions. That has certainly been the case lately with the Fed hinting that it may taper off asset purchases by the end of this year.
Indubitably the future price of gold will rise in all currencies, but the increased Yen value will leave other currency gold prices in the dust.
The silver to gold ratio (SGR) reached a new high of the move last Monday (June 10th) of 66.23 ounces of silver to one ounce of gold. This is a huge retracement from its low of 32.00 to an ounce of gold on
I’m getting a lot of emails to do more macro analysis of the gold market, and the time is ripe to do so.
A small body of determined spirits fired by an unquenchable faith in their mission can alter the course of history. - Mohatma Gandhi
There is no doubt about it. Precious Metal mining companies are going through a time of testing. The financing markets are challenging.
In wading through the mainstream drivel written on the gold and silver markets; it becomes increasingly difficult to reply to such material without the word “desperation” creeping in again and again.
We’re almost half way through 2013, so how is the stock market doing? It could be better, and it could be worse. Here’s the chart for the NYSE’s 52Wk High-Low Ratio. I see that last Wednesday the ratio f