Many of us in the gold community fear bear markets because they can inflict some damage to gold and silver stocks. That is a fair concern even though some go overboard.   That aside, it’s vital to understand that these bear markets are the catalyst for big moves and bull markets in Gold.   … Continue reading “The Worse the Bear Market, the Better for Gold”

  Gold and gold stocks have been a disappointment over the last two years as they failed to perform amid rising inflation.    With the Fed hiking rates, real yields rising, and the economy likely entering a recession, sentiment is the polar opposite of two years ago. Some are ready to throw in the towel. … Continue reading “Gold Setting Up to Surge After Summer”

  If you follow my work, you know I love studying market history and employing analogs. Market moves of the past can inform the future.   It has been a while since I’ve updated the analogs for Gold.   Gold was tracking the average of all bull market corrections and the ensuing rebounds until the … Continue reading “Updated Gold Bull Analogs”

I have been writing about this for over five years.   For Gold to perform well, it has to outperform the stock market. In recent years, that has happened but only occasionally and not consistently.    In a much broader sense, Gold’s best moves and real bull markets occur when equities are in a secular … Continue reading “Gold’s Fate Hinges on the Stock Market”

  Precious Metals have been hit hard in recent weeks but what is happening in the global macro world is necessary for a real bull market to begin in Gold, gold stocks, and Silver.   Recently and historically, every big move in precious metals has transpired around either a significant correction or bear market in … Continue reading “New Gold Bull Market to Begin Soon”

Last week we wrote about the next fundamental catalyst for Gold, which could be three or four months away.    Today we write about what will lead to that catalyst.   Markets are a discounting mechanism. They anticipate and reflect the near future.    Gold isn’t going to decline continuously until a Fed policy reversal. … Continue reading “Here is What Starts Gold’s Next Uptrend”

  Amid the false breakout in the gold and silver miners and what appears to be the false breakout in Gold (above $1900), I want to step back and review the fundamental landscape.   Yes, inflation is raging, and that should be good for Gold. But not yet.   The reason is twofold: real interest … Continue reading “The Next Fundamental Catalyst for Gold”

  Gold and silver stocks had been consolidating bullishly while Gold and Silver corrected.   We documented it in recent weeks and even anticipated more consolidation and correction.   However, Gold was able to break resistance at $1960, which was enough to launch the already strong gold and silver stock ETFs into a fresh breakout. … Continue reading “Gold & Silver Stocks are Overbought, but That’s Bullish”

I have been writing quite a bit about the super bullish setup in Gold.   The textbook cup and handle pattern has a measured upside target of $3,000 and a logarithmic target as high as $4,100. There’s also a smaller cup and handle pattern that projects to $2,500.   But, it is important to note, … Continue reading “Ongoing Correction in Gold, Silver & Gold Miners”

Gold mining stocks as a whole have underperformed Gold since 2007. The GDX to Gold ratio from its 2007 peak to its 2015 bottom declined 80%.   The Gold price peak in 2008 was about where it bottomed at the end of 2015. That’s over seven years of a flat market coupled with steady increases … Continue reading “Gold Stocks to Outperform Gold Massively”