Bob Kirtley
Bob Kirtley Articles
We will start with a quote that is sometimes attributed to Sir Winston Churchill, the British Prime Minister, who led Britain during the Second World War. “If you’re going through hell; keep going” With the enemy at the gate Sir Winston...
The bears have been in charge for the last four years or so, taking both gold and silver into the depths of despair. The associated mining companies also felt the cold with many having to postpone projects, slash dividends and implement a...
The Gold Miners have started the year with a cracking rally pretty much as they started last year. They have finally broken out of their downward trend which has been in place for around 4 years. As we write the HUI currently stands at 169...
The downtrend that has dominated this sector for the last three years has been broken by gold’s sudden and almost vertical rise from its recent lows.
Black Friday is a big and usually good trading day for the retail sector; however, for gold prices it was a punch on the nose. Gold suffered a loss of $14.30 to close at $1056.10/oz, its lowest level since early 2010.
The “will they won’t they” hike rates in the US casts a shadow over gold prices and hampers gold’s ability to gain any traction. The recent FOMC meeting has hinted once again that a rate hike is possible in December…and so the prospect of...
US Monetary policy has played its part and had an impact on many aspects of the financial markets including the precious metals sector. We have been through a period of Quantitative Easing whereby trillions of dollars were printed in an...
The first 10 years of the bull market in gold was in hindsight plain sailing allowing us to generate profits by sticking with the trend. Alas, all bull markets come to an end and so it did in 2011 when gold peaked at $1900/oz. Silver,...
Gold has two major hurdles to overcome…and they are as follows: Interest rate rises in the US. Money printing by other nations, Japan, UK, Europe, etc. Both support the US$ and put downward pressure on gold.
2015 has started brightly with gold, silver and the miners all rallying to higher ground as evidenced by the Gold Bugs Index, the HUI, gaining 50 points or approximately 30%. This sort of behavior in any sector brings out the bulls in full...
