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David Skarica discusses Gold, Silver, the juniors and other issues in the resource markets. David Skarica is the founder and Editor of the newsletter Addicted to Profits and is the editor of a Gold service published by Newsmax. Skarica entered the financial markets at a young age. At the age of 18 he became the … Continue reading
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What do you call a 12-year trend that has appreciated each and every year? Its a bull market but apparently not if its Gold. In that case, its the “gold trade” or the “gold rally.” Reporters and journalists refer to the bull market in Gold as a rally. A rally indicates a revival or renewal … Continue reading
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This is a concept that comes from Bob Hoye and we’ve written about it extensively. Bob believes that the real price of Gold is what is important for the gold stocks and not the Gold price. The real price of Gold is essentially Gold against Commodities. To be more precise, we look at Gold vs. … Continue reading
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Gold looks fantastic. It is breaking away from a consolidation which could be called a running correction. Two weeks ago Gold broke to a new high. Last week Gold retested the breakout and then advanced to another new high at the end of the week. Its textbook bullish action. Yet the gold shares have really … Continue reading
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Over the past few weeks Gold has traded at or near record highs. It has yet to embark on a sustained breakout but that is not because Gold is a crowded trade. In recent months money has moved into equities, Oil and Silver. As a result, some hot money and speculative money has moved out … Continue reading
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Earlier this week the precious metals complex achieved a breakout. Today, (Friday) we are seeing upside follow through in the gold shares. Follow through validates the breakout. Also, as we’ve noted on our charts, the gold shares are performing well against Gold. We like to see the shares exhibiting superior strength. GDXJ the ETF for … Continue reading
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We obviously have been too cautious on Silver. The metal has been on a tear and has shown no weakness in the past few weeks. Our upside targets were $37 and $39. A clean break of $39, which seems imminent will send the market to $45 and possibly $50. Monday was the start of a … Continue reading
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In recent weeks Gold has made new highs but they have been marginal. That is not what we call a sustained breakout or impulsive advance. In an impulsive advance the market continues higher in an unimpeded fashion. We are skeptical that Gold will make a big breakout here and now but its a bull market … Continue reading
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In this missive we reply to the supposed reasons against investing in Gold. Point: If you bought Gold in 1980, you were in the red for many years. In only two and a half months, Gold went from $400/oz to over $850/oz. Gold really began to takeoff in the second quarter of 1979 at a … Continue reading
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Yes Gold has been flirting with all-time highs. Sounds strong, right? Wrong. In reality, Gold has been in a consolidation or running correction since October of last year. In recent weeks Gold has flirted with all-time highs but hasn’t been able to achieve a sustained breakout. Meanwhile, as the chart shows, the gold stocks (GDX, … Continue reading
