Editorials

The technicals for precious metals were looking positive at the end of July, but since then, the bears have driven the sector lower as the US Dollar has rebounded.    In stepping away from the short-term, we see that the secular trend has yet to change.    The S&P 500 has gained momentum after … Continue reading

I have written about this for almost a decade now.    But it’s even more pressing now that perhaps Gold has run as far as it can outside a secular bull market. It is trading very close to very significant resistance.    It isn’t easy to envision a huge move higher in the precious metals … Continue reading

With Gold approaching the door of a major breakout, I want to focus on the gold and silver stocks and stock selection.   The miners and juniors have disappointed investors because Gold has performed well in recent years but has not increased enough relative to costs. Outside of Gold, the precious metals sector remains in … Continue reading

There may be no better time to take stock of Gold and Silver technicals after a weekly, monthly, and quarterly close on the same day.   Precious Metals have been correcting for nearly two months and have struggled as capital has flowed out of bonds and into equities. That means a tighter Fed and … Continue reading

I have written about the importance of a bear market, recession, and Fed shift for a Gold bull market. But today, I want to be more precise.   There has to be a potential tipping point that precedes these catalysts.    Markets anticipate the near future and slowly discount it as it becomes a … Continue reading

Our last article compared Gold today with the stock market in the early 1980s.   Today we draw some comparisons between the Gold market at present and the Gold market at various points in the past.   Gold’s status today fits elements of three past situations.   Gold is on the cusp of a … Continue reading

Although Gold has pulled back and its latest breakout attempt failed, it remains fairly close to the most significant Gold breakout in 50 years and the most significant macro breakout since the S&P 500 broke out in 2013.   However, generalist investors and generalist technicians are more enthusiastic about the recovery in the stock … Continue reading

Bank failures coupled with the anticipation of the Fed pivot pushed Gold to new monthly and quarterly highs, but the breakout move through $2,100/oz has remained elusive.    Multiple failures around $2050/oz and a rebound in the Dollar and bond yields are sending precious metals lower.   Moreover, a small breakout in the stock market … Continue reading

In a short-term and cyclical sense, gold miners and junior gold stocks follow the Gold price. However, beyond the short-term, gold miners follow the “real” price of Gold because it is a better indicator of long-term gold miner profitability than the nominal Gold price.   By the “real” price of Gold, we are talking … Continue reading

Gold is inches away from its biggest breakout in 50 years and the start of a new secular bull market. It may have already happened by the time you read this.   Gold is also beginning a new cyclical bull market with strong potential to soar to $4000-$5000 over the next several years.    Any … Continue reading