Our research continues to argue that the current, record rebound in gold stocks will continue. Every time we’ve predicted a correction, the weakness in the sector has been only a fraction of what we expected in both price and time. New bull markets that follow epic bear markets typically show exceptional strength in their first […]
We discuss potential downside support targets for Gold and gold stocks…
Jason Zweig, who a year ago called Gold a “pet rock” is doubling down. He reiterates his belief, albeit a misguided one that Gold is a pet rock and justifies it with the usual anti gold bug propaganda. Unfortunately, Zweig along with many gold-bashers and ironically some gold bugs continue to either neglect Gold’s major […]
GLD is a real-time indicator of investment demand for Gold. Investment demand drives Gold both up and down. Also, Gold/FC is now within 10% of its all time high.
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Greg Weldon, CEO of WeldonFinancial (weldononline.com) one of the leading macro analysts covers the markets and Fed policy for Gold investors. Visit WeldonOnline.com to get a free trial to Greg’s fantastic research and analysis.
Gold broke-out last week on Brexit while Silver waited a week to join the party. The miners, meanwhile cleared 2014 resistance today. There are breakouts across the board in the precious metals space. The weekly candle charts of Gold and Silver are plotted in the image below. Gold appears to have digested the Brexit […]
Brexit is a bullish fundamental development for Gold because…
Professional trader Dan Norcini, (traderdan.com) returns to discuss and analyze these markets in the wake of Brexit.
What a last 24 hours for markets! At one point Gold was up $100/oz, S&P futures were limit down and the British Pound was down over 8%! The volatility has subsided, perhaps temporarily and Gold settled around $1320/oz with Silver settling below key resistance at $18. The miners predictably gapped up but the strength was […]