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Last week when we covered rebound targets in the precious metals sector we also discussed the importance of Gold’s performance in real terms. It can be a leading indicator for the sector at key turning points. Since then precious metals sold off in aggressive fashion alongside global equity markets. However, Gold against equities gained materially. […]
The equity market is very oversold and due for a bounce as many indicators are hitting extremes. We expect a bounce but do want to note that crashes do happen when the market is very oversold. We plot the Vix, the put-call ratio (5-day moving average), the percentage of stocks trading above the 50-day moving […]
Greg Weldon comments on recent market developments….
Mike Swanson of Wall Street Window interviewed us yesterday. We covered Gold, gold stocks and the stock market. Click Here for the MP3 file. You can also listen to the video below.
Precious metals for the most part have reached their initial rebound targets. Gold has led the charge by pushing above $1140 to $1150/oz resistance (for now) while Silver rebounded back to former support (the mid $15s). GDXJ has nearly touched $23 but GDX has failed to touch $17. This leaves us to question how much […]
We cover potential rebound targets for GDX, GDXJ and Gold and we look at Gold’s current performance relative to global equities, foreign currencies and commodities.
The precious metals sector has held recent lows and a rebound is underway. Gold held $1080/oz for three straight weeks and has pushed as high as $1126/oz this week. The gold miners (GDX and GDXJ) surged the first half of the week and Silver has also gained. We believe that this move is more likely […]
Gold miners are the cheapest ever relative to Gold and now are inches away from being the cheapest ever relative to the S&P 500. Note how similar the past four years are to the period of 1996-2000.
The precious metals complex has attempted to stabilize over the past few weeks. Some markets have had more success than others. Gold has been able to hold $1080/oz while GDXJ has also held its recent low. The large cap indices (GDX, XAU, HUI) have grinded lower to new bear market lows this week. This leads […]