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Gold Stocks Retreat at Resistance

Over the past two weeks gold stocks have surged more than 20% as the awful jobs report forced the bears to capitulate. That strong of a move in a brief amount of time will naturally slow or correct. Furthermore, gold stocks touched resistance Friday morning which led to a bearish reversal. While the bullish trend … Continue reading

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Nobody Knows Anything, A Book Review

Nobody Knows Anything: Learn to Ignore the Experts, the Gurus and Other Fools is the latest book written by Bob Moriarty, a former fighter pilot and longtime proprietor of 321Gold, one of oldest and most widely followed gold websites. In the book Bob touches on his own experience both in life and in the markets … Continue reading

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Are Junior Gold Stocks Following 2008-2009 Recovery?

Weeks ago precious metals began a correction amid overbought conditions (in the miners) and very bullish sentiment in the metals. The recent Fed minutes helped accelerate the weakness but it lost steam in recent days. A real stinker of a jobs report completely reversed the thought that the Fed would hike rates in the summer … Continue reading

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Gold Stocks in Correction Mode (Video)

A look at the current correction in gold stocks and some thoughts on how much longer it will last and how much lower GDX, GDXJ could go.  

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GDX Put-Call Chart

From time to time we track the put-call ratios for GDX, GLD and SLV. The put-ratios for GLD and SLV gave good timing signals in 2015. GDX’s signals are a bit more tricky and we have not paid much attention to them. The chart below plots GDX’s put-call ratio, smoothed by a 20-day moving average … Continue reading

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