Commentaries

Last Monday gold ended a week-long consolidation that saw it fall from $1354 to $1329, before rising strongly to over $1370 yesterday

Precious metals boosters will see gold’s nominal price break upward and probably get excited.  They will marshal the troops for what could one day turn out to be a full fledged tout, as if the 40% decline of the last 2.5 years had never happened. But it is gold’s ratios to positively correlated assets that … Continue reading

Briefly: In our opinion short speculative positions (half) in silver and mining stocks are justified from the risk/reward perspective.

Bear markets can be devious creatures.

We previously emphasized that the situation in Ukraine was the main bullish factor for higher precious metals prices (mainly for the price of gold) and that remains to be the case.

An interesting aspect of the gold market is that most analysis is off track, with the reasons put forward for being bullish generally being further off-track than the reasons put forward for being bearish.

Gold, silver and mining stocks didn’t do much on Friday, so what we wrote in Friday’s alert is generally up-to-date.

Gold and silver extend their rallies amid escalating Chinese demand for gold

If gold is entering a new bull market then it’s a great time to get in.

In short: In our opinion, no positions are currently justified from the risk/reward perspective.