Several weeks ago the entire precious metals space was extremely oversold and due for at the least, a reflex rally. Gold was down in nine of twelve weeks with Silver down in eleven of those twelve weeks. The miners experienced a nasty September and were down five consecutive weeks. With Gold rallying from $1185 to […]
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This indicator measures short-term oversold/overbought conditions..
Gold is currently getting a reprieve as it trades close to $1240 which is above important weekly support at $1200. It’s safe for the time being but we believe that Gold will ultimately break back below $1200 and below $1100 before the end of the already long in the tooth bear market. Because Gold is […]
Balmoral Resources will beef up its treasury so it can continue to advance both of its projects…
Here is our brief analysis of Gold, Silver and the HUI Gold Bugs Index….
Are US equities about to fall into a bear market? …
Production was flat year over year….
Are US equities transitioning from bull to bear market…..?
By some statistics, exploration and development companies have performed better than junior producers over the past 10 months. Companies with deposits in good jurisdictions that can earn a good return at $1200 Gold are favored by the market and should outperform during the next bull market. The index charted below contains 15 stocks which are equal […]