Gold and Gold stocks have fallen to levels from which we should see excellent returns over the next 12 months and potentially spectacular over the long term. However, that does not mean a bottom and reversal are imminent.    Concerning the gold stocks, the indicators are extremely oversold and have reached levels similar to … Continue reading “Gold & Gold Stocks Weeks From Historic Bottom”

  Gold stocks have broken down technically, but they are extremely oversold.   Let’s start with GDXJ, which is rebounding today after testing support at $32.   The chart below plots GDXJ along with four breadth indicators, including new 52-week lows and a 50-day rate of change. The blue lines mark where the percentage of … Continue reading “Gold Stocks are Extremely Oversold”

  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”