Canvas Secondary

Are Precious Metals Breaking Out?

There is some talk among traders about precious metals breaking out. Silver broke a trendline dating back to summer 2011 and will make its highest weekly close in more than three months. Gold will make its highest weekly close in three months and gold miners had a very strong week. However, do these moves really […]

Continue Reading

Gold Miners: The Key Point to Watch

Forget the 200-day moving average. While it is important, clearly the 400-day moving average has been a much better indicator for the gold miners. GDX closed at $20.78. The 400-dma is at $22.43. If GDX can test it, it would mark the third test in the past 10 months. That tells me a transition from […]

Continue Reading

Are Gold Stocks the Cheapest Ever?

Everyone knows that this has been a devastating bear market for the gold mining sector. If you have followed our work you know that it is the second worst cyclical bear market in at least 80 years. Obviously, gold mining stocks have been crushed. Then they became cheaper, then cheaper and then really cheap. Yet, […]

Continue Reading