Editorials

Time for Caution in Gold Miners

    Last week we noted the likely negative impact of a sustained rebound in the US Dollar on Gold. Recent weakness in precious metals has not been much of a surprise considering the sector’s relative weakness months ago amid a weak US Dollar. While the greenback has bottomed, it has yet to push above … Continue reading “Time for Caution in Gold Miners”


US Dollar Outlook and What it Means for Gold

    The US Dollar Index (USDI) bottomed in September a hair below 91.00 and has recently rallied up to 94. We were skeptical Gold would break its 2016 highs as it failed to show strong performance in the wake of the USDI’s decline to new lows. The market was discounting a coming rebound in … Continue reading “US Dollar Outlook and What it Means for Gold”


Precious Metals Monthly Charts

        The precious metals sector started September with a bang. Gold, which had already eclipsed $1300/oz, pushed to $1360/oz while Silver broke its downtrend line (from its late 2012 and 2016 peaks). Unfortunately, precious metals would soon reverse course and more. Gold ended September down nearly 3% and below $1300/oz. Silver lost … Continue reading “Precious Metals Monthly Charts”


The Road Ahead for Gold

    In recent weeks both metals and miners have declined somewhat sharply after reaching resistance. Gold peaked just below major resistance near $1375/oz and GDX, the biggest ETF for gold miners peaked at its October 2016 and February 2017 highs. If precious metals can break through this resistance then a major move higher would … Continue reading “The Road Ahead for Gold”


Precious Metals Bull Analogs Update

          We started employing analog charts during the latter stages of the seemingly forever bear market in precious metals. Comparing current to past trends by using price data is not considered technical analysis but it is extremely valuable because history tends to repeat itself. It also helps us identify extremes as … Continue reading “Precious Metals Bull Analogs Update”


Gold Breakout & Upside Targets

      Gold cleared $1300 early in the week and padded its gains on Friday even amid a bullish weekly reversal in the US Dollar. Gold’s breakout was validated by a strong monthly close on Thursday and then a strong weekly close Friday. As predicted, the miners perked up with the breakout in Gold. … Continue reading “Gold Breakout & Upside Targets”


Gold Stocks Quietly Leading Gold

      Welcome to the dog days of summer. The low volatility in precious metals continues. Janet Yellen or some other Fed heads said something Friday. Precious Metals sold off but quickly recovered. It appears that not much has transpired in recent weeks as precious metals have grinded higher, albeit slowly. However, while it … Continue reading “Gold Stocks Quietly Leading Gold”


Gold’s Sudden, Newfound Relative Strength

    Three weeks ago we discussed how Gold needed to perform considering the US$ index was likely to bounce due to an oversold condition and extreme bearish sentiment. We wrote: “Simply put, Gold will have to prove itself in real terms if it is going to hold its ground or breakout as the US$ … Continue reading “Gold’s Sudden, Newfound Relative Strength”


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”


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