The precious metals complex has enjoyed a nice run in recent months. GDX has gained 25% since the September lows while GDXJ has gained 22% since its November low. Gold has rallied over $100/oz since its October low and Silver has surged in recent weeks.
Gold Editorials & Commentary
January 7, 2019
The yen, whose behavior corresponds closely to gold’s, began 2019 with a giant leap that slightly pierced the 0.94148 midpoint resistance of the pattern shown. This is bullish but would become still more so if the futures can close for two consecutive weeks above it...
Unarguably, the finest piece of work that I have ever seen on the state of the global financial world – ever - is the one recently created and presented by Grant Williams of RealVisionTV.
At this time…along with just about everyone who comments on financial markets, I have to write on what I think 2019 will bring. Scanning with Google, it seems clear 2019 is expected to be a year of volatility and brinkmanship.
On Thursday of last week SPX was down 62 points. On Friday it was up 84. This market is not for the faint-hearted! Daily moves of 700 points or more are becoming common place for the DJIA. But you might as well get used to it because it shows no sign of abetting...
January 6, 2019
Last week's trading saw gold continuing to make higher highs for the mid-term upward phase, with the metal running all the way up to a peak of 1300.40 - made in Friday's session. From there, a quick correction was seen, though ending the week higher overall. The...
So let me ask you; what website was posting stuff about the proper fundamentals needed for gold and especially the gold stock sector leveraged to it all through the gold bear market? Who was asking you to tune out the promoters beating the tired old inflationary...
Just as Neo flexed his muscles upon learning he is “The One” and took out Agent Smith at the finale of The Matrix , Gold is now letting fiat currencies know who is really in charge.
In a nutshell for those of you who've been gallivanting about in mirthful holiday mode, we concluded that since gold hadn't altered any of its overhead pricing structure in not having traded far enough upward as to so do, nothing has thus changed such that the...
January 5, 2019
Our proprietary cycle indicator is up. Gold sector is on a major sell signal. GLD is on short term buy signal. GDX is on short term buy signal. XGD.to is on short term buy signal.
For the first time in nearly a year, gold has a number of important supports in its favor which should propel its price higher in the months ahead. Signs of continued deterioration in the global economy, along with a a distressing drop in U.S. Treasury bond yields,...
Precious metals markets are off to a strong start in 2019. Gold and silver both closed Thursday at multi-month highs as the stock market reversed sharply to the downside.
January 4, 2019
Here are today's videos and charts.
This article looks at prospective supply and demand factors for financial assets in the New Year and beyond. Investors should take into account money flowing into and out of financial assets as well as stock flows, particularly escalating government bond issuance,...
The gold stocks’ young upleg is really growing, on a trajectory to become major. This contrarian sector is breaking out to the upside on multiple fronts technically, which is really improving sentiment. Traders’ extreme bearishness of late summer has mostly abated...
– Gold over 6-month high at $1,300 on global slowdown fears
– Bullion surges 5% in December and consolidates on gains this week
I was going to look around to see if I could find a media article out there (complete with a TA trying to sound really important) that would be appropriate to be made fun of in our little Men Who Stare at Charts series. But then I decided to create my own chart,...
The extreme bearish CoT positions necessarily imply the turning point in the gold market. Myth or fact? We invite you to read our today’s article about Comex positioning and find out whether futures will save gold.
January 3, 2019
There is probably no more irritating an adage than the old Wall Street one which says “no one rings a bell at the bottom or top of a market” … but it does highlight the purpose or value of making a trading call - or if you prefer (as it is the season for it) … in...
For ten long years, the world’s central banks have dragged everyone along for one last attempt at scaling Mount Credit. At several points along the way, in 2011, in 2013 and then again in 2016 it seemed all but certain that the wrong route had been picked and all...
Global uncertainty made gold a holiday winner for investors seeking a relatively safe haven. U.S. stocks just logged their worst year since 2008—their worst December since 1931—as fears over global trade, ballooning debt, the end of accommodative central bank policy...
As 2018 drew to a close, the prices of Comex gold and silver began to move higher. This was just as expected and we wrote about these pending year-end rallies on several occasions. Before going further, perhaps you should take time to review these links:
– Gold acts as hedge in 2018 – up 2.7% and 3.8% in euros and pounds (see tables & charts). – Stocks fall sharply – S&P500, FTSE & Euro Stoxx 5o fall 6.25%, 12.5% & 15% respectively. – Worst year for most international equity indices since 2008.
January 2, 2019
Precious metals markets enter 2019 with an opportunity to shine. Several major bullish drivers are lining up to start the New Year – including technical, fundamental, monetary, and political drivers. Before delving into each of them, let’s consider where we’ve been...
Analysts use this ratio to describe how inexpensive silver is compared to gold—like now. They also use the ratio to show long-term buy zones for both metals.
If history is our guide, we are on track for a severe market meltdown in 2019. While the U.S. broader indexes remained in record territory for most of 2018, December turned out to be a complete disaster for stocks. So, even though the markets have reversed higher...
Much about 2019 is uncertain. But a few things are pretty much guaranteed, including the following: Government debt will rise at an accelerating rate
– Risk assets and property to under-perform and precious metals to outperform (Outlook 2019 Podcast). – Hope for best but be prepared for the worst by increased allocations to cash, silver and gold. – Market, economic and political uncertainty of 2018 continue and...
December 31, 2018
An inverted yield curve means that short-term interest rates are higher than longer-term ones. The inverted yield curve is what happens when investors are bidding for longer-term bonds -- thus driving down their yields -- because they are pessimistic about the short...
The past couple of years have been brutal for precious metals mining stocks. Gold and silver went down a little while the miners went down a lot – four times as much to be exact. That’s painful but not surprising. The miners, being in effect options on the...
