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”

Gold Somewhat Ignores Dollar Weakness

  The precious metals complex rebounded as expected after becoming very oversold just a few weeks ago. The rebound has been aided by weakness in the US Dollar, which plunged roughly 2% over several days. However, upon further inspection Gold’s rebound has been entirely dollar-centric. Gold has remained weak in real terms and strength in … Continue reading “Gold Somewhat Ignores Dollar Weakness”

The Bearish Gold Bull

  The Bearish Gold Bull was the title of my presentation last weekend at the Metals Investor Forum in Vancouver, British Columbia. While the title could be ascribed to me personally for my recent tendency towards conservative and cautious views, it more importantly describes the current dichotomy in the gold sector. The mining sector saw … Continue reading “The Bearish Gold Bull”

Gold Stocks & Silver Nearing Relief Rally

  The past few weeks have been rough for precious metals. Gold had climbed all the way to $1297/oz but the other parts of the sector (Silver and the gold stocks) failed to confirm the move. They have since fallen off a cliff. Over the past 14 days, GDX has lost 15% while GDXJ has … Continue reading “Gold Stocks & Silver Nearing Relief Rally”

The Looming, Big Catalyst for Gold

  Gold bulls were hopeful that Gold could break its 6-year downtrend but recent underperformance in the gold stocks and Silver argued otherwise. Those markets have been crushed in the past two weeks as US and global equities pushed higher. In fact, the S&P 500, small caps and global equity indices have rebounded back to … Continue reading “The Looming, Big Catalyst for Gold”

5 reasons I Favor Junior Exploration Companies

  I started following Gold and precious metals in 2002 and first invested in small cap and junior resource companies in 2005. Until recently I always focused on junior producers rather than junior explorers. Production stories were easier for me to understand. Towards the end of the 2008-2011 bull cycle I began covering more exploration … Continue reading “5 reasons I Favor Junior Exploration Companies”

Bearish Reversal in Gold and Silver

Precious metals ended a quiet week with quite a reversal. Gold surged above its 200-day moving average for the first time since November, only to lose the gains and then close below the 200-day moving average. Silver was already trading above its 200-day moving average before it moved higher but it then reversed strongly and … Continue reading “Bearish Reversal in Gold and Silver”

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