Jordan Roy-Byrne CMT, MFTA

We began the week by making a ballsy prediction about the precious metals complex. We believed a major bottom could happen this week. In the wake of the European debt crisis and potential “credit events,” the precious metals became extremely oversold based on a number of metrics. Technically, we saw that Gold and Silver were … Continue reading

Normally catching a bottom is not difficult. Bottoms tend to occur instantly while market tops form during a process. Yet, I’ve found that bottoms of long-term significance do not occur instantly. Like tops, they can take time to develop. For example, think about late 2008 to early 2009. Commodities hit their price low in December … Continue reading

Meadow Bay Reports New Results…

Huldra samples .34 m of 8,739 g/t Ag at Treasure….

Commodities have underperformed in the past year as the US economy gained traction and the need for inflationary and stimulative measures abated, though only temporarily. At the same time, Commodities had embarked on a tremendous advance and a pullback was to be expected. Interestingly, the past can tell us something about the future path of … Continue reading

The following comes from Mark Hulbert at MarketWatch: Consider the average recommended gold market exposure among a subset of the shortest-term gold market timers tracked by the Hulbert Financial Digest (as measured by the Hulbert Gold Newsletter Sentiment Index, or HGNSI). When I wrote about gold sentiment two months ago, this average stood at 16.7%. … Continue reading

As the gold stocks continue to fall to new lows and struggle to find a bottom, it is important to keep things in perspective. Before we get to the visual comparison with the 1960s and 1970s, we want to touch on the reasons why the gold stocks have underperformed in recent months and years. First, … Continue reading

The real price of Gold or relative Gold refers to Gold’s performance against other markets and asset classes. The real price of Gold can be a leading indicator for the price of Gold. Also, Gold relative to Commodities (namely Oil and Steel) is a leading indicator for profit margins for gold producers. The Gold/Oil and … Continue reading

This post comes from MineralRightsForSale.com Santiago, Chile – May 2nd, 2012 – In the year and a half since 33 miners were trapped underground in the San Jose mine, Chile has enacted new regulations to provide better protection for workers’ safety. As a result, the owners of small and early-stage mining properties have become more eager … Continue reading

It was Bob Prechter of Elliott Wave fame, likely among others who noted that correlations between all asset classes are quite strong during a Depression. This is true in a cyclical sense but not in a structural sense. Stocks tumbled in the 1929-1941 period while commodities, led by Gold and gold producers, increased in value. … Continue reading