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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

We discuss the immediate upside targets for Gold and gold stocks (gdx, gdxj).    

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Interview was conducted Friday…

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

Hedge Fund Manager with Fourth Turning Capital, Erik Townsend analyzes the Oil market and when it could bottom. He also comments on Gold.  

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Jordan Roy-Byrne CMT is confident the bottom is in for gold stocks. Although, the gold price rebound is not as strong as other historic rebounds and gold needs to close this month above 1180 to lock in the long term bullish trend. Jordan believes that gold will likely test the 1200 mark again this month … Continue reading

A short commentary and answer to the question…

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