Adam Taggart
Adam Taggart Articles
This week, we welcome back to the podcast Brien Lundin, publisher of Gold Newsletter and producer of the New Orleans Investment Conference (Nov 1-4, 2018). FYI: both Chris and I will be speaking there again this year.
It's been a while since I've covered the precious metals in an article. They've been range-bound for much of the past year, with few notable sector developments to report. But I feel compelled to write about them today for two reasons:
Today's financial markets make a mockery out of sanity and logic. The difference between what SHOULD happen and what IS happening is perhaps the greatest it has been in our investing lifetimes.
Gold finished Friday down -7.20 to 1315.30 on 1352.50 on moderately heavy volume, while silver dropped -0.05 to 21.86 on moderate volume. The gold/silver ratio dropped -0.21 to 60.17. Gold was sold starting in the afternoon in Asia...
Gold finished Friday down -3.70 to 1316.10 on light volume, while silver was up +0.05 to 21.92 also on light volume. After the big move Thursday, gold and silver seemed content to track mostly sideways within a narrow range. Miners were...
Gold finished Friday down -13.80 on heavy volume, while silver was down -0.35 to 21.33 on moderately heavy volume. The big move came at 0842 EST, with a massive short attack on gold driving the price down $25 through 1275 support in three...
Gold finished Friday up $23.70 on moderate volume to 1391.00, with silver up $0.68 to 23.90 on below average volume. The gold/silver ratio dropped to 58.20. Gold recovered all of what it lost Thursday, but volume in PM was light. The...
Gold finished Friday down $10.60 on average volume to 1396.20, with silver down $0.35 to 23.56 also on average volume. The gold/silver ratio rose to 59.26. It appears that the correction from seriously overbought silver is proceeding...
Gold finished Friday up $14.10 on average volume to 1375, with silver up $0.25 to 23.18 on heavy volume. The gold/silver ratio dropped to 59.31. Silver's 50 day MA has flattened and is beginning to turn up. The last time silver's 50 MA...
A Hard Look in the Mirror
The past two years have not been kind to holders of the precious metals. The price of gold is down over $500/oz since the record high (nominal) price it hit in August of 2011. That's a decline of 28%. Silver has...
