Editorials

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Gold Correction Implications for the Path Forward

As I pen this article, Gold and gold stocks may be starting to form a low. Over the past four trading days, GDX and GDXJ have dug in and formed bullish reversal candles, while Gold has traded lower and tested its 38% retracement at $1690.  Gold traded as low as $1683 on Friday. I would … Continue reading

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Gold Stocks are Trying to Bottom

Since we called for a bottom a few weeks ago, Gold and gold stocks have tested that call. Gold and gold stocks rebounded but then appeared to begin another leg lower. This week had some optimism, but Thursday’s decline erased the optimism.  Traders and analysts (uh, me) are getting whipsawed.  The gold stocks are oversold … Continue reading

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Should Gold Bulls Worry About a Market Crash?

I’ve been in this sector long enough to know this fear isn’t anything new. Various and different characters, most of whom have a dubious track record, have been pushing this narrative as far back as the early 2000s.  This view is that the stock market will crash, which will cause a crash in Gold and … Continue reading

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Gold Miners & Juniors Hit Bottom

I’ve been in this game long enough that I know making declarative statements does not necessarily add value for the reader. But there is enough evidence to think the gold miners and junior gold stocks have hit bottom.  Last week we wrote about approaching the bottom, and that was a good segue. The gold stocks … Continue reading

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Gold Stocks Approaching Bottom

Other than during a rally from Thanksgiving until New Year, gold stocks have been under pressure for nearly six months. The correction itself was not a surprise, but the structure has been different from the corrections during the 2000s.  Those corrections entailed a quick decline and then a recovery of most of the losses, on … Continue reading

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Gold’s Cup and Handle Pattern

The cup and handle pattern is a very common pattern in technical analysis and a very bullish one. The pattern is formed as a market, after an uptrend, corrects significantly but eventually bottoms and can rebound back to where the pattern began, the old high. Think of it like the letter “U.”   The handle is … Continue reading

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Gold & Silver Headed for Bigger Correction?

While I did not expect the metals’ rebound to lead to a breakout, I was a bit too sanguine in my last article. I did note the potential for a US Dollar rally, which is underway, but should have stressed Silver’s stiff resistance at $27-$28 and in Gold at $1960. The failure at these levels … Continue reading

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Will Gold & Silver Go Vertical in 2021?

The correction in price has ended, juniors are recovering, and Silver is leading. This has led to some renewed excitement amongst the faithful.  But the sector has not broken out yet, and other than the junior silver stocks (SILJ), is not close to a breakout point. A vertical move typically entails some type of breakout. … Continue reading

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How to Find 10-Bagger Gold Development Stocks

My articles focus mostly on market timing, which is valuable if employed correctly.  In July, market timing (technicals and sentiment) suggested the precious metals sector was headed for a peak and probably a sustained correction. The same market timing tools argued in November that the correction would end soon and a buying opportunity was approaching.  … Continue reading

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Gold & Gold Stocks Grinding Out a Bottom

In recent weeks we wrote first that the gold mining stocks were approaching a bottom and later that they had hit bottom. Bottoms typically occur in an instant. They are rarely a process like tops.  However, bottoms can form patterns such as double bottoms and inverse head and shoulder bottoms. The rebound in gold stocks … Continue reading

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