Year: 2015

Mike Swanson of Wall Street Window interviewed us yesterday. We covered Gold, gold stocks and the stock market. Click Here for the MP3 file. You can also listen to the video below.    

Precious metals for the most part have reached their initial rebound targets. Gold has led the charge by pushing above $1140 to $1150/oz resistance (for now) while Silver rebounded back to former support (the mid $15s). GDXJ has nearly touched $23 but GDX has failed to touch $17. This leaves us to question how much … Continue reading

We cover potential rebound targets for GDX, GDXJ and Gold and we look at Gold’s current performance relative to global equities, foreign currencies and commodities.    

There is no silver shortage…

The precious metals sector has held recent lows and a rebound is underway. Gold held $1080/oz for three straight weeks and has pushed as high as $1126/oz this week. The gold miners (GDX and GDXJ) surged the first half of the week and Silver has also gained. We believe that this move is more likely … Continue reading

After falling for weeks, breaking to new lows and constantly being regarded as a useless asset…

From ShortSideofLong:   S&P is now on the verge of breaking its tight range and trading below the 200 day MA Source: Bar Chart   Will it or won’t it? We have been discussing S&P 500 over the last few months on this blog and focusing on whether the US large cap index will finally drop below … Continue reading

Gold miners are the cheapest ever relative to Gold and now are inches away from being the cheapest ever relative to the S&P 500. Note how similar the past four years are to the period of 1996-2000.    

The precious metals complex has attempted to stabilize over the past few weeks. Some markets have had more success than others. Gold has been able to hold $1080/oz while GDXJ has also held its recent low. The large cap indices (GDX, XAU, HUI) have grinded lower to new bear market lows this week. This leads … Continue reading

Gold remains in a $1080-$1100 range. Which way will it break?    

..Eventually, they will become so cheap, that a bottom will be formed…

Chart of the Day…