Jordan Roy-Byrne CMT, MFTA

Since the financial crisis in 2008, it is undeniable that precious metals have been the best performer. One would assume that market participants have been piling into Precious Metals. Certainly some money has moved into the sector, smartly anticipating the continuance of a major bull market and looming severe inflation in the next several years. … Continue reading

By Jeb Handwerger http://goldstocktrades.com On October 7th, 2010 my technical indicators were signaling a major reversal about to occur in gold and silver. Seeing that one day outside bar reversal in gold and silver on huge volume right before the jobs report raised huge red flags for my readers and I.  It indicated to me … Continue reading

Days ago I was watching Peter Schiff on Yahoo Tech Ticker. Normally, I find myself in agreement with Schiff. This time, however I disagreed with his comments on the gold stocks. He was saying to buy GDX because the large-cap stocks were priced for a decline in Gold. He also said the speculative juniors were … Continue reading

In regards to technical analysis, we usually discuss (in our public commentaries) price patterns, intermarket relationships and sentiment. I can’t remember I wrote something about volume. This may be the first. Volume can be interpreted in a number of ways which can make it less reliable in my opinion. However, in today’s commentary we want … Continue reading

Modest overnight volume by recent norms with a trading range of $6 with seemingly no concerted buying or selling probes unlike yesterday morning’s bungee jump bear trap. Open interest after Friday’s extraordinary volume actually contracted by ~2,000 contracts and patently confirms that shorts continue to cover and that new money is not in the room … Continue reading

GDXJ has measured targets of $36.50 and $39.00. The first target was hit yesterday. Will GDXJ reach $39.00 or will it backtrack to previous resistance at $32.00? In any case, know your plan. If GDXJ snapsback to $32.00 to retest the breakout then that would be an opportune time to add to positions, especially if … Continue reading

Ryan Parker of Equity Brief Capital joined us to discuss Precious Metals.

Numerous recent busts (technology, banks, internet, oil, stocks, etc) have given rise to the principle of contrarian investing. Contrarians seek to buy when sentiment is bearish or when a market is completely ignored. They seek to sell when a market is overpriced or overvalued. The problem nowadays is that everyone has bubble fatigue. The herd … Continue reading

When one side of any market gets crowded, it is time to prepare for a possible reversal. While there are numerous reasons to be bearish on the U.S. dollar long-term, there are some short-to-intermediate-term factors that may cause the dollar to stage a counter-trend rally in the coming weeks. As we monitor the dollar, we … Continue reading

If you’ve followed our work you know how useful intermarket analysis can be when deciphering future movements and trends in the precious metals complex. Years ago when I would analyze Gold I would only follow Gold. Now I am aware of a wealth of markets that can be analyzed, which can help provide an outlook … Continue reading