The daily chart of the Gold miners bullish percentage index (BPGDM) is shown below, with the HUI shown in green. In the past whenever the BPGDM reached 85 or higher, it was often associated with a top.
Gold Editorials & Commentary
Gold-Eagle gold and precious metal news, market analysis and editorials from world renowned gold analysts and market experts. Stay informed with the latest news and analyses on gold prices and perspectives on the economy to guide your investing decisions.
September 29, 2009
Amid all the Red Herrings splashed across the entire Media, the one really big and significant event, which was completely ignored by the Media, happened on Saturday 9/12: We had the first huge demonstration against being taxed to death.
September 28, 2009
The market continues to whipsaw traders out of positions as volatility rises. I have put together a few charts to show you where each of our commodities are trading along with the SPX (SP500 index).
September 26, 2009
The week was highlighted by the G20 and federal bank non-decision. There was little said about Ron Paul's bill to audit the fed. Would you have expected anything else. The mainstream tells you what they want you to know, not what you want and need to know.
GLD - sell signal this week.
September 25, 2009
If gold breaks out to clear new highs shortly, as it looks set to do, then silver is likely to make a "slingshot move".
Although copper is not the largest base-metal market (aluminum is way bigger), nor the most valuable of the primary base metals (nickel is worth several times more per pound), it is still arguably the most important base metal.
September 24, 2009
Only in Never Never Land can age and gravity be defied. In the real world such ideas may be described as "escapist fantasies".
Today we had a reversal day for the broad market, us dollar, precious metals and oil. The market is over extended. We have seen the market rally 20% since the July low.
September 23, 2009
A powerful hidden engine existed for close to 20 years called the Yen Carry Trade. The engine produced tainted trillion$ for its priviliged participants, whose access to cheap money was assured and whose control of government policy was tight.
September 20, 2009
The battle for the heavyweight championship is raging into the later rounds.
Commodity ETF trading charts allow us to track and trade the underlying commodities with ease. I have provided a few daily charts to show were current commodity prices and chart pattern are at.
GLD Gold ETF Trading - Daily Chart
September 19, 2009
GLD - on buy signal.
In this article we are going to review in a dispassionate manner what gold has and hasn’t achieved in recent weeks and make deductions about the outlook. September is by far the strongest month for gold on a seasonal basis and this year has been no exception.
There is more courage and heroism in defying the human impulse, in taking the purposeful and painful steps to prepare for the unimaginable. - Malcolm Gladwell
September 18, 2009
One-thousand Federal Reserve Notes per troy ounce! This past week gold edged over $1000 to close at its highest levels ever witnessed.
September 17, 2009
Could it be that one response to the Chinese shot across the bow of the corrupted and leaky USS Derivative ship at sea is the announcement that Barrick Gold to cover their entire hedge book… again? Maybe! They covered them all in 2007, didn't they?
September 14, 2009
I recently received a request in my mail to spend more time talking about precious metals mining companies.
September 13, 2009
This past week saw some great moves by gold and silver and their equities. Even some of the smaller stocks really woke up moving more than 30% in some cases.
Gold is back in the spot light as it flirts with the $1000 per ounce level. This closely watched commodity looks as thought it will rocket higher because of the multiple trading time frames indicating breakouts.
Investors will much more readily forgive a market commentator who is bullish and wrong than one who is bearish and wrong.
September 12, 2009
All four ETFs remain on buy signals. Prices are ahead of the moving averages, therefore, ideally a four to five week trading range will allow them to catch up.
September 11, 2009
Last week when gold started flirting with $1000, the gold stocks caught a serious bid. On an impressive 3.8% 2-day gold rally, the flagship HUI unhedged gold-stock index rocketed 15.7% higher!
September 10, 2009
How to trade hot commodities like natural gas, oil and gold - We should see big moves in the coming weeks as gas bottoms, and oil & gold breakout or breakdown.
How to trade hot commodities like natural gas, oil and gold - We should see big moves in the coming weeks as gas bottoms, and oil & gold breakout or breakdown.
Before the Hat Trick Letter was launched, a little splash was made when a Jackass Nobody wrote "25 Reasons Why Gold Will Rise" in November 2002. It was so many years ago that the piece no longer appears in archives. The motive for the article was simple.
September 8, 2009
Gold is once again the hot commodity, as the price rises to the $1000 per ounce level. This $1000 - $1033 is a technical pivot point for gold. One of two things is going to take place in the coming weeks.
September 7, 2009
Gold has broken out of its large Symmetrical Triangle to the upside, and is now in position for "the big one" - the breakout above the wall of resistance approaching last year's highs in the $1030 area.
September 6, 2009
Gold and silver are on the verge of breaking out to the upside right on schedule. It is going to be a tumultuous year end -- and the precious metals and their related equities will be the beneficiary.