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Gold Holds Support, Ready for Breakout in US$ and Euro Terms
While the financial media pronounced the end of the Commodities bull and the end of the Gold trade, the market didn’t listen. The financial media apparently forgot that there is no solution to the coming global sovereign debt crisis. Perhaps they just thought there wasn’t a crisis? Speculation aside, sovereign debt concerns are growing in … Continue reading
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Short Covering not Speculative Buying Led to Silver’s Parabolic Rise
Most mainstream pundits and reporters have assumed that it was speculative buying that caused Silver to go parabolic. After all, its always the dumb money or the public that gets in at the very end. However, in futures markets, parabolic moves are often the result of short squeezes. This is exactly what happened in Silver. … Continue reading
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Downside Targets/Support for Gold Stocks
Excerpted from Subscriber Update The gold stocks are in a correction which could turn out to be the largest and deepest since the crash of 2008. Now is not the time to panic but to evaluate where the gold stocks may go and where buying will come in to support the market. We utilize moving … Continue reading
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My Interview with Al Korelin
I was interviewed yesterday by Al Korelin of the Korelin Economics Report. I discussed the technical outlook for Silver and the Gold/Silver ratio. Click Here, it is segment three.
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S&P 1987 Template for Commodities Post 2008
Back in 2009 I thought the best comparison to the 2008 crash in Commodities was the 1987 crash in stocks. These were crashes within secular bull markets. The template of the 1987 crash in stocks and ensuing recovery called for Commodities to reach a new high two years later. The chart below shows the S&P … Continue reading
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Gold Stocks Stuck in Consolidation
Though Gold and Silver were able to make new highs in recent months, the gold stocks (as evidenced by GDX (large caps) and GDXJ (larger juniors) never did. We wrote of their relative weakness and how it was a warning sign for the sector. The shares failed to breakout and have fallen back into their … Continue reading
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Predictions of the Gold-Silver Ratio
By Addison Wiggin 05/06/11 Baltimore, Maryland – Today, traders are celebrating that the U.S. economy added the most jobs in nearly a year. Or so they’re led to believe. Let’s examine the payroll data first: The economy supposedly added 244,000 jobs in April. The private sector added 268,000 jobs; government cut 24,000 However, 175,000 of … Continue reading
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Mass Hysteria over Minor Drop in Commodities
If you had followed the news in the past few days you would have noticed the obsession with equating a normal drop in Commodities with a crash or a major market top. Here is just a sample of what I’m talking about. Silver Enters Bear Market GaveKal’s Five Reasons Commodities are Suddenly Tanking Commodity Bubble … Continue reading
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