Tiho Brkan

Since I do not have a crystal ball, it is remarkably difficult to answer that question. I could answer the above question with a yes or a no…..

According to recent BCA Research, it is difficult to see precious metals accelerating on the downside in the medium term, despite Fed’s announcement of tapering……

Tiho Brkan: …my opinion continues to be one of caution in the short term and extreme optimism in the long term. Let me explain…

For awhile now, I have maintained that Gold and Silver could make a lower low and create a fabulous buying opportunity (and possibly a final low)….

CEF is trading at a 7% discount to NAV….

The chart below focuses on various metal prices and hedge fund positioning. Gold, majority of the time is a precious metal with little industrial use. Silver is a hybrid, with industrial use as well as precious nature. Interestingly enough, throughout history Silver has been associated with the use of currency even more then Gold. Finally, … Continue reading

Notes and commentary from BCA Research, Goldman Sachs, Frank Holmes & Tiho Brkan…

Positioning currently stands at 76,600 net long contracts on Gold and 18,200 net long contracts on Silver…

Chart 1: Gold is now down almost 28% over the last 12 months     Source: Short Side of Long  According to at least one technical indicator, Gold is now most oversold since 1985. The indicator I am tracking here is the simple yearly rolling performance, also known as 52 week rate of change. Essentially we are … Continue reading

Here are some interesting breadth charts I am looking at right now, with some quick notes…..

In the past year, holdings in GLD have declined from about 1350 tonnes to barely over 900 tonnes. This is the lowest since Q1 2009 when the Gold price was about $900.  

If you have been a regular follower of this blog, you would have noticed that I am extremely optimistic about the long term prospects of Precious Metals. I continue to buy during this bear market and try to time as many major intermediate lows as possible. However, simultaneously, I have also stated on many occasions during … Continue reading