Normally we write about the things and conditions that cause precious metals to rise. While these things may be obvious, the corresponding rise in the bull market will not always be consistent and linear. Small and large corrections will occur along the way. Some will be purely technical while some have real drivers. There are … Continue reading “3 Things that Could Halt Gold’s Run”
Monday morning I was greeted via my inbox with a Bloomberg report on Gold. Bloomberg has a series called “The Dark Side of Gold.” Its important to note this isn’t the first time the news organization has attempted a hit-piece on Gold. I wrote about this exactly one year ago and identified the cases and … Continue reading “Bloomberg Counters Gold’s Run with Absurd, Baseless Hit-Piece”
Analysts and pundits provide various reasons for the bull market in Gold. This includes emerging market demand, low interest rates, money printing, central bank accumulation, central bank policies and falling gold production. These are all good reason but there is one reason which stands apart and will drive precious metals to amazing heights. It is … Continue reading “The One Reason you Have to Own Gold & Silver”
The federal budget deficit rose to $150.4 billion last month, the largest November gap on record. And the government’s deficits are set to climb higher if Congress passes a tax-cut plan that’s estimated to cost $855 billion over two years….
In past commentaries, I’ve written about my favorite form of technical analysis. That is intermarket analysis. Intermarket analysis takes traditional technical analysis much further. Normally, we’d look at a market by itself. We’d look at its price action, potential patterns and its momentum. Intermarket analysis takes this a step further by comparing the market at … Continue reading “Gold Breakout in Real Terms Means Good Times are Ahead for Gold Bulls”
In the past week I’ve seen more than a few mentions of the potential head and shoulders pattern in Gold. A head and shoulders pattern occurs when a market forms three peaks and the middle peak is noticeably higher than the left and right peaks. However, that is not enough for the pattern to play … Continue reading “There is No Head and Shoulders Pattern in Gold”
Quoting the Market Watch piece: Fortunately for the gold market, the HGNSI is not at overheated levels right now. It currently stands at just 40.3%, which means that the average gold timer is allocating 60% of his gold portfolio to cash. That’s amazing, given that gold bullion is back to within shouting distance of its … Continue reading “Update on Hulbert Sentiment Indicator”
The Commitment of Traders report (COT) comes out every Friday. The data is as of Tuesday so there is a lag. The COT data provides important data about the construct of the market. It tells important information such as who is holding long positions (commercials or speculators) and the total open interest. The commercials are … Continue reading “Positive COT Structure for Gold and Silver”
GDXJ is the ETF for junior miners and in particular junior gold companies. This sector has been very strong in 2010 and has solidly outperformed its counterpart, GDX as well as Gold. GDXJ made a key breakout in September and continued to soar into early November. The market soared above our target of $39 and … Continue reading “Update on Gold Juniors”
Dave Skarica, who has a new book out, joined us about a week ago to discuss Gold, Silver, the Juniors and Oil/Gas at the end. You can also find Dave at AddictedtoProfits.net.