Editorials

Gold Miners Reach First Resistance Target but Continue to Outperform Gold

The gold stocks have been on a tear lately as they continue to move higher in defiance of the bearish calls of numerous pundits and traders. After trading lower mid week and filling Monday’s gap, the miners are set to close the week with some strength. While the miners are overbought and could remain below … Continue reading “Gold Miners Reach First Resistance Target but Continue to Outperform Gold”


Gold Stocks Breakout, Gold to Follow

Last week we concluded: As long as the gold stocks continue to hold support for another week or two then the near term outlook is bullish. A bull flag is a consolidation pattern that separates two strong moves. It could be developing in the miners. There is logical reason to be cautious if not bearish … Continue reading “Gold Stocks Breakout, Gold to Follow”


What to Watch For in Gold & Gold Stocks

Gold and gold stocks finally showed a bit of weakness during the holiday shortened week. Gold had its biggest weekly loss in months, losing 3% to $1217/oz while the miners (GDX, GDXJ) declined about 5%. Silver lost 4%. If weakness in Gold and gold stocks continues then we should turn our attention to technical support … Continue reading “What to Watch For in Gold & Gold Stocks”


Precious Metals Ignore Correction Calls

Gold and gold stocks have refused to correct for more than a few days at a time. Weakness is being bought and quickly. Gold has gained over $200/oz but not corrected by more than 6%. The miners (GDX) have endured three roughly 10% corrections in the past six weeks but nothing greater. A few weeks … Continue reading “Precious Metals Ignore Correction Calls”


Can Gold Climb to $1400/oz?

At the start of 2016, renowned fund manager and bond king Jeff Gundlach predicted Gold would surge to $1400/oz. That was quite the call considering Gold was still in a bear market. He reiterated his target a few days ago in a webcast. Gold closed the week below $1260/oz after reaching as high as $1287/oz … Continue reading “Can Gold Climb to $1400/oz?”


Gold Stocks Reverse at Resistance Targets

Two weeks ago, regarding the miners we wrote: If it (GDXJ) surpasses its 80-week moving average then its next target is $27-$28. Meanwhile, GDX is holding above previous resistance at $18. Its next strong resistance targets are $21 and $22. Earlier today GDX and GDXJ came within pennies of $21 and $29 respectively while Gold … Continue reading “Gold Stocks Reverse at Resistance Targets”


US Dollar Rebound Increases Near-Term Risk

Last week we noted that the odds favored more upside in precious metals before a larger correction would begin. While that view remains on track, we want to note the renewed strength in the US Dollar which could provide immediate resistance to higher levels in Gold and gold stocks. The chart below plots the weekly … Continue reading “US Dollar Rebound Increases Near-Term Risk”


When Will Gold and Gold Stocks Correct?

Wednesday evening we raised a question in a subscriber update. We wrote: The current question for Gold and gold stocks is if they will push to higher targets before or a correction or if a correction has already started. We should know the answer in the next day or two. The gold stocks exploded higher … Continue reading “When Will Gold and Gold Stocks Correct?”


New Bull Market in Gold on Track

Last week we focused on the gold stocks. There was more initial evidence of a new bull market there than in Gold. However, Thursday Gold erased some doubts as it rocketed above $1200/oz and to as high as $1264/oz before settling a bit lower. That move puts Gold’s recovery on par with those following past … Continue reading “New Bull Market in Gold on Track”


Something Has Changed in Gold Stocks

Last week we said nothing has changed. This week figures to be the week something did change….


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