Jordan Roy-Byrne CMT, MFTA

Short-term rally on track…

The precious metals sector will close 2015 entrenched in a seemingly forever bear market. Most of the sector has been in a bear market for over four and a half years. Gold’s bear market will reach four and a half years in a few months. Meanwhile the US Dollar’s bull market remains strong and is … Continue reading

Post tax loss selling rally underway…

The Fed rate hike has come and gone while the precious metals sector has continued to whipsaw traders day after day. The initial reaction was very positive. However, that completely reversed course on Thursday with Gold threatening to move to a new low and gold miners threatening to test recent support. Friday’s strength continued the … Continue reading

A few days ago we wrote about the potential effects of a Fed rate hike on precious metals. After consulting history we concluded that the rate hike would be immediately bullish for precious metals but subsequently bearish. The main reason is because when the Fed started a new cycle of increases during an already established bull market … Continue reading

The markets have for the most part already priced in a Fed rate hike which is expected next week. Yesterday fed funds futures indicated an 80% chance of a rate hike. It would be the first hike in roughly 9 years. The Fed last began a new hiking cycle in 2004. We consult history to … Continue reading

A flash update was emailed to subscribers minutes ago. We analyzed current sentiment in Gold and in gold equities and scanned history to find the best comparison to today with respect to US$ strength and the Fed starting a new rate hike cycle.    

A look at Gold’s upside targets and major downside support. We also analyze Gold’s latest CoT and provide thoughts on the effect of Fed rate hikes on the US$ index.    

Friday Mike Swanson and I discussed the recent developments in Gold & Gold stocks…

A few weeks ago we warned that the gold miners were at risk of a technical breakdown. They struggled to rebound at support while Gold was breaking to a new low. Gold continued to decline but the miners held support and stabilized. Gold traded as low as $1045 on Thursday but the miners continued to … Continue reading