Editorials

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

Gold has reached the first of a handful of measured upside targets at $2350.   It has another measured upside target of $2350 and the cup and handle targets of roughly $3000 and $4000.   Many observers will naturally worry about the next correction after unexpected and sudden strength. It is almost a knee-jerk … Continue reading

Gold has broken out from a super bullish cup and handle pattern. This breakout is historically significant as it has tremendously bullish implications over the next decade.    However, Gold breaking above $2100 is not quite a risk-off signal for the entire precious metals sector. At least not yet.   The breakout has started … Continue reading

I have focused on the coming secular shift in Gold and precious metals because it has massive implications over the coming years and into the 2030s.   However, I will discuss the cyclical potential of the current move in Gold today. With a strong close above $2100, Gold is in a new cyclical bull … Continue reading

The gold stocks have underperformed Gold for almost 20 years so it is extremely difficult to imagine they could outperform Gold.   There are three reasons for the underperformance, but with Gold’s major breakout, two will evaporate.   One reason for the underperformance is the introduction of Gold ETFs (like GLD) in the mid-2000s. … Continue reading