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Protected: Is the Bottom in for Gold & Gold Stocks?
There is no excerpt because this is a protected post.
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There is no excerpt because this is a protected post.
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We interviewed Greg Weldon on Friday…. Greg’s Website
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With each passing rally hope has bloomed that the bear market in precious metals may be over. The long and deep “forever bear” has to end but it hasn’t yet. Under the surface, the bear market is getting weaker and Gold is growing stronger. It’s showing strength against foreign currencies and has broken its downtrend … Continue reading
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Gold and Silver have held up well during the recent selloff in equities. From December 28 through Wednesday the broad NYSE lost 10.4% while the S&P 500 lost 9.6%. Precious Metals gained strength during that period. Gold advanced 3.0% while Silver gained 1.7%. Gold relative to the NYSE broke its downtrend and touched an 11-month … Continue reading
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A look at Gold against Stocks and Foreign Currencies, Silver, and the gold miners GDX and GDXJ.
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This interview was conducted Wednesday the 20th….
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Last week I discussed the precious metals market with CrushTheStreet.com…
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Jeff Gundlach is predicting Gold could spike this year. I agree with him but I’m not sure Gold has bottomed. It could drop below $1000/oz and test strong support around $970/oz or even quarterly support at $930/oz. If Gold is going to make a strong rebound in line with historical rebounds then how much could it … Continue reading
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The fledgling rebound in the precious metals complex suddenly reversed course. Since the intraday peak last Thursday, gold stocks (GDX and GDXJ) declined about 13% while Gold lost $1100/oz and today (Thursday) $1080/oz. Silver, which did not mount much of a rebound to begin with remains mired below $13/oz. Gold is showing increasing relative strength … Continue reading
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It has been a strong start to 2016 in precious metals, today notwithstanding. Gold was able to break above daily resistance at $1080 to $1090 while miners climbed higher until Friday’s reversal. Rather than focus on the nominal gains I want to turn our attention to Gold’s performance against other markets and asset classes. It … Continue reading