The depth of a bear market speaks to the size of the recovery and Rick believes that this bull market could be one…
Balmoral Resources was able to beef up its cash position to +$10 Million….
The bear market in the gold miners has been one for the record books but it is not over yet. Last week we noted that precious metals were on the cusp of making new lows while the US$ index was very close to another key breakout. This scenario remains well in play and would certainly […]
A look at Gold, Gold’s CoT report and gold miners (GDX) and juniors (GDXJ)….
The US Dollar is just 1% away from a new high. Meanwhile, gold just made a new low for the current bear market. So what’s next for gold investors? Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publication […]
Last Friday we wrote that precious metals were very oversold and due for a bounce or a pause. We also argued that the overall prognosis remained very bearish. The technicals argue for more downside and sentiment indicators remain far from bearish extremes. The strength in the US$ index is another reason precious metals should remain […]
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The precious metals sector has declined sharply in recent weeks with no pause or intermittent breaks in the decline. Including today, Gold is down eight consecutive days and 16 of the past 18 days. The gold miners (GDX) have lost roughly 20% in the past seven days. The sector is extremely oversold in the short […]
We focus on Gold, its monthly candle chart, Gold in real terms and current Gold sentiment.
The precious metals sector sharply reversed course after the Federal Reserve hinted that it may raise rates at its next meeting. This about face from the Fed was enough to effectively end the fledgling rally that began in the summer and threatened to take metals and miners higher to their 400-day moving averages. The prevailing […]