Editorials

Under the global fiat currency regime, there have been two secular bull markets in precious metals: 1970 to 1980 and 2001 to 2011.   The gains in the 1970s were far more dramatic than in the 2000s.   Using daily closing prices, Gold surged 2300% in the 1970s against only 648% in the 2000s, … Continue reading

As the stock market sold off, gold mining stocks pulled back from resistance, and Silver fell below the critical $29/oz level. Growing recessionary fears, stock market weakness, and the specter of the 2008 Boogeyman pressured the sector lower.   That was all she wrote.    The sector has quickly recovered and could be poised … Continue reading

The Sahm Rule recession indicator has been triggered. The yield curve (2s and 10s) has finally un-inverted, which, if it steepens aggressively, is a sure-fire recession signal.   Out come the tweets and subscriber emails about buying gold stocks after the downturn.   After all, the precious metals sector has performed poorly during the last … Continue reading

In recent months and years, we have been writing about potential future breakouts in Gold and Silver. That potential became a reality earlier this year.   Gold exploded out of its 13-year cup and handle pattern through $2100/oz, and soon after, Silver broke out of a three to four-year range past $26/oz.    It … Continue reading

The recent sharp decline in the stock market pulled gold stocks lower. GDX declined 14%, and GDXJ declined 18% in only three weeks.    However, they have started to recover as Gold is now trying to pull away from its correction, which turned into a bullish consolidation.    GDX closed Thursday at $37.29, just … Continue reading

Gold and precious metals have performed well over the last few years. Central bank demand, De-dollarization, and other foreign sources of demand pushed Gold to break out of its 13-year cup and handle pattern.   However, Gold has not performed well in real terms.    It has not outperformed the stock market and the … Continue reading

Gold’s breakout failed and fell back into the previous consolidation zone at $2300 to $2400/oz. Silver reversed hard and is threatening support at $29.   Precious Metals must work through this technical damage before they can resume their new uptrends.    For years, we have written about the significance of Gold outperforming the stock … Continue reading

Gold stocks are entering a sweet spot.   In recent months, we have written about how gold stocks outperform Gold after breakouts in the Gold price. This has transpired since March.   However, in the past two weeks, the miners began to lead Gold, although Gold had yet to break out of its consolidation.    … Continue reading

History will reflect on Gold’s breakout in March from a 13-year cup and handle pattern as extremely significant and the major turning point for a new secular bull market in precious metals.   However, Gold has yet to break out in real terms.   A breakout and strength in real terms is imperative for … Continue reading

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