Commentaries

It seems that recently the whole precious metals sector has been devoid of the strong relationships with currencies and stocks (namely, strong negative correlation between gold and silver and the USD, and a positive one between metals and the S&P 500 Index) that we are so much used to, which makes the straightforward inference somewhat more complicated.

The slide in precious metal prices has done much to undermine investor confidence, yet the indications are that demand for the physical metals remains strong.

Silver Prices Consolidate after Large Price Slide Silver prices have consolidated after declining significantly over the past 10 weeks.  After gaining traction in the early part of January, prices moved lower declining more than 15% over a 2.5 month period.  Strength in the US dollar and the perception that the Federal Reserve could be at … Continue reading

Excerpted from this week’s edition of Notes From the Rabbit Hole, NFTRH 233: From last week’s Wrap Up Segment: “So we will continue to manage risk in the very short-term because this has worked well for 6 months now and gold and silver look vulnerable technically for at least a test of major support.” Despite … Continue reading

It has been a 1.5-2 year sideways affair for the precious metals (PM), depending on whether you look at silver (peak in April of 2011) or Gold (peak in August of 2011). PM stocks, on the other hand, have done quite a bit worse than go sideways. While the more conservative Gold has only fallen … Continue reading

One of the ways to look for a bear market low is to look for panic selling and capitulation after an extended downtrend.

It seems that collective memory is becoming shorter and shorter. We just celebrated two important holidays in the Judeo-Christian traditions that commemorate events that took place thousands of years ago

Almost certainly prices for goods in Cyprus will rise as a result of its banking crisis, because the imposition of capital controls will restrict imports, leading to supply bottlenecks. In addition residents will no longer be complacent about keeping money on deposit, but seek other alternatives.

In an earlier post I pulled the old HUI 888 skeleton out of my closet.  888 (AKA the 3 Snowmen) was a target measurement based on how the chart looked in 2010.  It can be liberating to take your worst call and publicize it for the world to see.  They tell me that you sell a lot … Continue reading

I would like to repeat the idea that it is best to subordinate yourself to markets at all times.  To put your ego aside or at least check it daily to make sure it is not leading you astray.  The gold bug ego for example, hardened by a solid decade-plus of relentless bull market is … Continue reading

Astur Gold is developing its 100% owned Salave Gold Project in Asturias, northern Spain, which is one of the largest undeveloped gold deposits in Western Europe. In November 2012, the Company received government approval to build an underground mine. It is in the final stages of permitting.

We have been writing about a bullish outlook for gold, silver and precious metals mining stocks for quite some time now, even though the seemingly bad situation in these markets.