Year: 2012

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Secondary Bottom Coming in Gold Stocks

I have to admit, I never saw the gold stocks correcting this much. After making a textbook double bottom and registering very strong momentum readings, I expected a relatively tame October correction to be followed by another leg higher into year end. I thought GDX would bottom at $49. Obviously I was wrong on all … Continue reading

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US Treasury Bonds the Short of 2013?

The long-term T bond could be a great short even if it remains within its secular uptrend (interest rates in a secular downtrend) because as the big picture monthly chart of the ‘Continuum’ shows, there is a long way up to the 100 month EMA where another theoretical red arrow would be painted on long-term … Continue reading

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Risk Management Remains Job 1

I have been writing about risk management for quite a while now in the newsletter and want to be a little more explicit about it now here on the site.  We’ll use weekly charts to illustrate. The nominal gold price has done nothing unusual, even after yesterday’s hard decline to the 35 week exponential moving … Continue reading

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Chronically low gold price forecasts

The chart displayed below was taken from a recent article at The Daily Reckoning and shows the median gold price forecasts of analysts monitored by Bloomberg.

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