Editorials

Gold and precious metals have performed well over the last few years. Central bank demand, De-dollarization, and other foreign sources of demand pushed Gold to break out of its 13-year cup and handle pattern.   However, Gold has not performed well in real terms.    It has not outperformed the stock market and the … Continue reading

Gold’s breakout failed and fell back into the previous consolidation zone at $2300 to $2400/oz. Silver reversed hard and is threatening support at $29.   Precious Metals must work through this technical damage before they can resume their new uptrends.    For years, we have written about the significance of Gold outperforming the stock … Continue reading

Gold stocks are entering a sweet spot.   In recent months, we have written about how gold stocks outperform Gold after breakouts in the Gold price. This has transpired since March.   However, in the past two weeks, the miners began to lead Gold, although Gold had yet to break out of its consolidation.    … Continue reading

History will reflect on Gold’s breakout in March from a 13-year cup and handle pattern as extremely significant and the major turning point for a new secular bull market in precious metals.   However, Gold has yet to break out in real terms.   A breakout and strength in real terms is imperative for … Continue reading

Gold has made six major breakouts since the end of the Gold Standard in 1971.    Only two of the breakouts retested the breakout. Those two were the two previous breakouts to new all-time highs: 1978 and 2009.    Precious Metals are weakening ahead of the end of the month and quarter. The odds of … Continue reading

  When most people think of juniors, they think about exploration companies and drill plays.   The appeal of these stocks is their huge upside potential. One drill hole can change everything and make you rich.   However, the odds of success are extremely low. There are thousands of failures for every monumental success, … Continue reading

A few months ago, Gold completed what, in time, will be viewed as the biggest Gold breakout in 50 years.    It does not get any bigger or more significant than a breakout from a 13-year cup and handle pattern. The implications are incredibly bullish over the next few years and the next decade. … Continue reading

Gold and Silver especially closed the week higher, with Silver surging to above $31/oz while Gold closed at a weekly higher high, above $2400/oz.   Gold is building on its cup and handle breakout, which has a measured upside target of $2900-$3000/oz.   Silver is gaining strength after breaking resistance at $29-$30/oz. This is … Continue reading

After the introduction of Gold and Silver ETFs and a 13-year secular bear market, everyone knows gold miners suck. Just ask Hugh Hendry.   But the truth is far more nuanced.   Here is almost everything you need to know, divided into a list.     1) Gold Stocks are Options on the Gold … Continue reading

The precious metals sector performed poorly during the last three bear markets in stocks. Those include 2022 during initial Fed tightening, the Covid crash of spring 2020, and the heart of the global financial crisis in autumn 2008.   Investors steadfastly believe that precious metals will decline during the next economic downturn. History has solidified … Continue reading