Falling Yields a Catalyst for The Catalyst
Since last spring we’ve written over and over again about a Fed rate cut being the catalyst for a bull move in gold stocks. The history is almost bulletproof. Many lows in gold stocks over the past 60 years coincided with the end of rate hikes. At present the Federal Reserve is in pause … Continue reading “Falling Yields a Catalyst for The Catalyst”
Gold Stocks Outperform Gold but Not Stocks
In recent weeks we noted the bullish outlook for the stock market. Friday the S&P 500 as well as ACWX (global equity ETF ex US stocks) closed above resistance and made higher highs. Not surprisingly, as US and global equities have avoided a bear market (for the time being), precious metals have weakened. … Continue reading “Gold Stocks Outperform Gold but Not Stocks”
3 Things That Don’t Affect Price of Gold
It’s important to understand Gold’s fundamentals as it will help us confirm a new bull market. To this point, Gold’s rallies have failed to make higher highs and higher lows because, although there has been improvement in fundamentals, the fundamentals have not turned bullish yet. The technical trigger will be Gold and gold … Continue reading “3 Things That Don’t Affect Price of Gold”
Gold and Gold Stocks Stop Short of Bull Market, Again
The recent rally showed quite a bit of promise. Gold stocks surged past their long-term moving averages while breadth indicators surpassed all prior bear market peaks (excluding 2016). 71% of the HUI and 81% of GDXJ closed above the 200-day moving average. GDX and GDXJ looked to be on their way to $25 … Continue reading “Gold and Gold Stocks Stop Short of Bull Market, Again”
Bullish Sentiment Won’t Prevent a Breakout in Gold
Back in 2013 I recall having a bearish view on the stock market due to extremely bullish sentiment readings. The market completely ignored that, made a major breakout through 13 year resistance and continued running for years. Lesson learned. Turning to Gold, we find something similar during major breakouts in 2005, 2007 … Continue reading “Bullish Sentiment Won’t Prevent a Breakout in Gold”
Interview: You Can Still Find Quality Stocks That Have Not Made Big Moves Yet
Jordan Roy-Byrne of TheDailyGold.com is well-known for his commentary on the gold market. In this interview, Jordan shares not only his thoughts on where gold is headed but also regarding how he approaches junior gold stock investing. Jordan provides an overview profile of his ideal junior gold stock, offers his commentary on mining jurisdictions he … Continue reading “Interview: You Can Still Find Quality Stocks That Have Not Made Big Moves Yet”
Key Support Levels for Gold Miners & Gold Juniors
Gold stocks have to do more to confirm they are in a new bull market. Sure, they’ve surged above key moving average resistance and breadth has improved. However, the gold stocks have not yet broken the pattern of lower highs and breadth, while improved, is not at bull market levels yet. Let’s review … Continue reading “Key Support Levels for Gold Miners & Gold Juniors”
Time for a Breakout in Gold?
First we need to define what a breakout actually is. Its when the price breaks a pattern or a range and a new trend is therefore established. Today, people are all too quick to refer to almost every move higher as a breakout. Just google “Gold Breakout” and you’ll see what I mean. … Continue reading “Time for a Breakout in Gold?”
The Truth About Gold’s Golden Cross
A golden cross occurs when the 50-day moving average crosses above the 200-day moving average. Its supposed to be a bullish signal and it just happened in Gold. In order to know if this is meaningful, we should check the history and assess the results. We used weekly charts (with equivalent moving averages) so you … Continue reading “The Truth About Gold’s Golden Cross”
Gold Stocks Remain in a Downtrend
Last week we discussed the difference between a rally and bull market. Gold stocks have been in a rally. That rally is now over as gold stocks peaked at their 400-day moving averages days ago and sliced through their 200-day moving averages Friday. Take a look at the charts of any gold stock … Continue reading “Gold Stocks Remain in a Downtrend”
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