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The markets have for the most part already priced in a Fed rate hike which is expected next week. Yesterday fed funds futures indicated an 80% chance of a rate hike. It would be the first hike in roughly 9 years. The Fed last began a new hiking cycle in 2004. We consult history to … Continue reading
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A flash update was emailed to subscribers minutes ago. We analyzed current sentiment in Gold and in gold equities and scanned history to find the best comparison to today with respect to US$ strength and the Fed starting a new rate hike cycle.
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A look at Gold’s upside targets and major downside support. We also analyze Gold’s latest CoT and provide thoughts on the effect of Fed rate hikes on the US$ index.
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Friday Mike Swanson and I discussed the recent developments in Gold & Gold stocks…
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A few weeks ago we warned that the gold miners were at risk of a technical breakdown. They struggled to rebound at support while Gold was breaking to a new low. Gold continued to decline but the miners held support and stabilized. Gold traded as low as $1045 on Thursday but the miners continued to … Continue reading
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The depth of a bear market speaks to the size of the recovery and Rick believes that this bull market could be one…
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Balmoral Resources was able to beef up its cash position to +$10 Million….
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The bear market in the gold miners has been one for the record books but it is not over yet. Last week we noted that precious metals were on the cusp of making new lows while the US$ index was very close to another key breakout. This scenario remains well in play and would certainly … Continue reading
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A look at Gold, Gold’s CoT report and gold miners (GDX) and juniors (GDXJ)….
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The US Dollar is just 1% away from a new high. Meanwhile, gold just made a new low for the current bear market. So what’s next for gold investors? Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publication … Continue reading
