Editorials

Precious Metals Nearing Breakout

    The outlook for precious metals has changed quite a bit over the last month. In early July, Gold and gold stocks were weak and threatening severe breakdowns below key levels such as $1200 Gold and $21 GDX. Those moves reversed course and now Gold and gold stocks are threatening resistance. The prognosis has … Continue reading “Precious Metals Nearing Breakout”


What a US$ Rebound Means for Gold

      The decline in the US$ index in 2017 has been relentless. From a high of nearly 104 at the end of 2016, the US$ index has steadily declined to as low as 93.00. While this has certainly fueled the strength in precious metals, it has not been able to lift the sector … Continue reading “What a US$ Rebound Means for Gold”


5 Things I Look for in Exploration Companies

    Three months ago (April) we covered the reasons we primarily invest in junior exploration companies. We promised to follow up with some criteria we follow in attempting to pick winners. Here are five things we look for when evaluating and selecting junior exploration companies.     Management has a track record and experience. … Continue reading “5 Things I Look for in Exploration Companies”


A look at Gold and Silver Sentiment

Disaster in precious metals land has been averted (for now) as the market unwinds what appears to be sudden excessive bearish sentiment. Surveys such as the daily sentiment index reached single digit levels for Gold and Silver (the previous week) while the net speculative position in Gold and Silver has declined dramatically in recent weeks. … Continue reading “A look at Gold and Silver Sentiment”


Gold Awaits Fundamental Shift

  Last week we wrote that Gold’s poor performance in real terms could reflect its worsening fundamentals. Real interest rates are rising because the rate of inflation has peaked and bond yields are rebounding. It is a double whammy for precious metals. This is not permanent but something that could last a few quarters. Gold … Continue reading “Gold Awaits Fundamental Shift”


Gold is Weak in Real Terms

    Intermarket analysis is a rather new field in technical analysis but one of my favorites because it is critical in understanding Gold. Asset classes like stocks and bonds are enormous and aren’t as influenced by as many factors as Gold. Trends in stocks, interest rates, commodities and currencies impact Gold in one way … Continue reading “Gold is Weak in Real Terms”


Gold & Gold Stocks Nearing a Big Move

  Gold and especially gold mining stocks rebounded on Wednesday and trended higher into the weekend. This is giving some investors renewed hopes that the bull market that began roughly 18 months ago is about to reassert itself. We cannot know for sure yet but what we can say is precious metals are nearing a … Continue reading “Gold & Gold Stocks Nearing a Big Move”


Return of the Gold Bear?

  It was exactly one month ago we discussed our posture as a “bearish Gold bull.” The gold mining sector hit a historic low nearly 18 months ago but this new cycle has struggled to gain traction as metals prices have stagnated while the stock market and the US Dollar have trended higher. Unfortunately recent … Continue reading “Return of the Gold Bear?”


Gold Breakout? Not Yet.

Traders and investors noted and celebrated Gold’s alleged breakout from a its downtrend that began in 2011. Tuesday Gold closed at $1297/oz after nearly touching $1299/oz. Gold appeared to break its downtrend on the many charts that made the rounds. However, upon further inspection, there was no breakout from the 6-year downtrend on the weekly … Continue reading “Gold Breakout? Not Yet.”


Gold Miners Weak but not Oversold

  If looking at Gold only in a vacuum, it looks good. Its uptrend since the start of the year remains intact and it has pushed above its 50 and 200-day moving averages. It closed the week at $1280/oz and could test $1300 next week. But looks can be deceiving. Considering the US Dollar index … Continue reading “Gold Miners Weak but not Oversold”


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