Editorials

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Implications of False Breakdown in Gold

Amid escalating conflict in the Middle East and its oversold condition, Gold surged higher last Friday to nearly $1945/oz.   That surge occurred days after a bullish intraday reversal from $1823/oz on October 6 and a gap higher on October 7. Then Gold continued higher for a few days before Friday’s explosion.   In … Continue reading

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Pinpointing the Major Bottom in Gold Stocks

The current macroeconomic backdrop should ultimately lead to a favorable outcome for precious metals, but, in the interim, it is putting pressure on that asset class. Most notably, higher real interest rates and a strengthening greenback provide headwinds.   The timing of the transition to that favorable outcome is difficult to discern.   However, … Continue reading

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Gold Catalysts Looming but not Imminent

Gold remains in a bullish big-picture consolidation but failed to break out as the Fed quelled banking issues, and the economy has avoided recession.   The market has discounted a soft landing as capital has moved out of Bonds and into equities.   Inflation expectations have begun to perk up mostly due to the … Continue reading

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Key Downside Levels in Gold & Silver

The move higher in bond yields and real interest rates on the back of a stable economy (for now) is causing heavy selling in Gold & Silver.    Although two weeks remain in August, Gold’s monthly candle chart shows a clear bearish engulfing candle.    The next strong support is the long-term monthly moving … Continue reading

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Why Precious Metals Remain in a Funk

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

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It Keeps Holding Gold Back

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

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Rick Rule’s Top 3 Criteria for Gold & Silver Stocks

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

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Gold and Silver Bottom

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

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Gold Market Will Turn When This Happens

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

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The 3 Best Historical Comparisons for Gold

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

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