Commentaries

In the face of a correction or poor price action, we’ll often hear analysts proclaim the bullish fundamentals of precious metals. While this is true on a structural and secular basis, it doesn’t mean the market always advances every year or two. We’ve written about the wall of worry phase and how progress in the … Continue reading

Weekly Gold Review

Tuesday marked the worst day of the year for U.S. markets. Stocks fell amid anxiety ahead of earnings season and rising bond yields for Spain and Italy, along with sharp losses for those markets.

We often get fearful queries from short-term traders who are concerned about short-term movements in the precious metals market.

 GDX gained by 0.58% % while GDXJ declined by -1.11%  and SIL declined by -1.42% Here are today’s worst performing  Silver and Gold stocks:

Now that the markets are becoming actionable, with the premier gold stocks technically broken, the stock market vulnerable beneath significant long-term resistance and even a less than stellar jobs report that got both Obama and Romney publicly fretting (a first inkling that Dear Monetary Leader Bernanke will eventually change the Fed’s ‘hard guy’ stance with … Continue reading

The Fed’s recent inference that QE3 was not imminent has caused physical gold and silver and the HUI and XAU to breach their downside support lines….

It was only a week ago we felt the gold stocks had a great chance of putting in a bottom. Monday supported our thesis but after Tuesday’s action and Bernanke’s jawboning it was apparent that the gold shares were in for a very difficult period. We immediately went long DUST to hedge long positions and … Continue reading

…says Gartman.  From Forbes entry in the ‘Running of the Goldbugs, 2012’ sweepstakes: Bernanke delivered the fatal blow to gold’s ten year bull market, according to Dennis Gartman.   Gold has been in bear territory since the summer of 2011, when it topped out above $1,900 an ounce, with the latest post-FOMC sell-off inflicting irreparable … Continue reading

 GDX declined by-1.07% while GDXJ declined by -1.49%  and SIL declined by -0.85% Here are today’s best performing Silver and Gold stocks: