There were some hopes that a non-move by the Fed would end the current correction in precious metals and spark a move to new highs. Unfortunately, the Federal Reserve cannot override the supply and demand component of the market. Gold and gold stocks popped higher but less than two days later the sector (and specifically […]
The interview was conducted at the Precious Metals Summit in Beaver Creek…
A look at the CPI and its components…
Joe Mazumdar, the co-editor of Brent Cook’s Exploration Insights newsletter, joins us at the Precious Metals Summit in Beaver Creek to share his current thoughts on the junior sector.
We just sent an 8-page flash update out to subscribers. Some emails bounced back so let us know if you did not receive. We comment on GDX, GDXJ as well as 9 companies. Some we own, some we do not own. Learn more about our premium service here.
The failure of Gold and gold stocks to sustain recent gains coupled with a strong selloff to close the week dashes any hope that the correction ended last week. The charts and probabilities argue that the sector remains in a larger correction and perhaps has started the C portion of a typical A-B-C (down-up-down) correction. […]
Gold and gold stocks bounced to end the week thanks to an oversold condition coupled with a softer than expected jobs report which likely delays Fed action until December. At one point this past week the market had priced in a 64% chance of a single rate hike by December and a 42% chance of […]
A flash update for subscribers was sent late last evening. We cover the current outlook for Gold and gold stocks. Learn more about our premium service here.
Mike and I discuss the current correction in the precious metals sector….
Take a look at this brief video…