It’s Not Yet Time for Gold

    Last week we noted that Gold’s quarterly close would be a key marker for Gold’s immediate breakout potential. Gold was seemingly on course for its highest quarterly close since 2012 until it reversed back below quarterly resistance at $1330/oz. Hence, an imminent break to the upside is unlikely and gold watchers will have … Continue reading “It’s Not Yet Time for Gold”

Will Gold Breakout? 3 Things to Watch…

    Gold has firmed above $1300 in recent days and is holding comfortably above $1300 for now. We think the market will break to the upside sometime this year. The question is when. Here are 3 things to watch that will tell us if Gold is on the cusp of that break-out soon or … Continue reading “Will Gold Breakout? 3 Things to Watch…”

Record Low Volatility in Precious Metals and What it Means

      The past 18 months have been difficult for precious metals investors. If you had known Donald Trump would be elected and the US Dollar would soon begin a nearly 15% decline, you would have expected Gold to blow past its 2016 high. You would have been shocked to see the gold miners … Continue reading “Record Low Volatility in Precious Metals and What it Means”

Gold Stocks & Silver Oversold but Not Gold

      The precious metals sector continues to correct and consolidate. Gold remains in a bullish consolidation. It recently reached resistance again and even though it has failed to breakout, it remains above long-term moving averages which are sloping upward. However, the gold stocks and Silver remain in correction mode. They are trading below … Continue reading “Gold Stocks & Silver Oversold but Not Gold”

Here’s What Gold is Waiting for

      Gold was well bid during the equity correction but it could not breakout then and has retreated as equities have roared back. As a result, the Gold to stocks ratio has retraced most of its recent surge. Meanwhile, the US Dollar has rebounded and the oversold and overhated bond market could be … Continue reading “Here’s What Gold is Waiting for”

New Low in Gold Stocks is a Strong Buy Signal

    Gold has been on the cusp of a major breakout but someone forgot to tell the gold stocks. Gold is right back at resistance levels yet the various gold stock indices are off their September 2017 highs by 11% to 16%. The relative weakness in the gold stocks (and Silver) is a signal … Continue reading “New Low in Gold Stocks is a Strong Buy Signal”

What the Stock Market Decline Means for Gold & Gold Stocks

    It was a rough week for investors in stocks and stocks of all kinds. The S&P 500 lost 5%. Emerging Markets also lost 5%. Gold Stocks, which had weakened before the broader equity market have been hit hard. They (GDX, GDXJ) also lost 5% last week. The HUI Gold Bugs Index (which excludes … Continue reading “What the Stock Market Decline Means for Gold & Gold Stocks”

Gold Needs More Relative Strength to Breakout

      Days ago Gold reached its 5-year trendline resistance but since then it has backed off while the rest of the precious metals sector has taken a beating which accelerated into the weekend. Although Gold lost only 1% on the week and the US Dollar was only fractionally higher, Silver lost over 4% … Continue reading “Gold Needs More Relative Strength to Breakout”

Gold & Gold Stocks Approaching Resistance

    Gold and gold stocks have enjoyed an excellent rebound since their December lows. Over the past six weeks Gold rebounded from a low of $1238 all the way to $1365 in recent days. The miners meanwhile rebounded nearly 18% (GDX) and 21% (GDXJ). However, these markets are approaching important resistance levels and at … Continue reading “Gold & Gold Stocks Approaching Resistance”

One Big, Potential Catalyst for Gold in 2018

        The rebound in the precious metals sector continues. Friday, Gold pushed to another new high, near $1340/oz. Gold stocks led by the HUI Gold Bugs Index and GDX also made a new high with juniors and Silver right behind. The greatest traders say the move comes first and then the reason … Continue reading “One Big, Potential Catalyst for Gold in 2018”

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