Jordan Roy-Byrne CMT, MFTA

Silver is in a structural bull market and will see significantly higher prices in the coming years. However, now is not the time to be buying. The market has spiked and a retracement is coming. Sentimentrader.com’s public opinion as of last week was over 90% bulls. The daily sentiment index as of last week was … Continue reading

The Mercenary Geologist Michael S. “Mickey” Fulp is a Certified Professional Geologist with a B.Sc. Earth Sciences with honor from the University of Tulsa, and M.Sc. Geology from the University of New Mexico. Mickey has over 30 years experience as an exploration geologist searching for economic deposits of base and precious metals, industrial minerals, coal, … Continue reading

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

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

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

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

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

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

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

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