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Earlier in the week we discussed the fact that US equities are currently going through a crash…

The equity market is very oversold and due for a bounce as many indicators are hitting extremes. We expect a bounce but do want to note that crashes do happen when the market is very oversold. We plot the Vix, the put-call ratio (5-day moving average), the percentage of stocks trading above the 50-day moving … Continue reading

Greg Weldon comments on recent market developments….

Mike Swanson of Wall Street Window interviewed us yesterday. We covered Gold, gold stocks and the stock market. Click Here for the MP3 file. You can also listen to the video below.    

Precious metals for the most part have reached their initial rebound targets. Gold has led the charge by pushing above $1140 to $1150/oz resistance (for now) while Silver rebounded back to former support (the mid $15s). GDXJ has nearly touched $23 but GDX has failed to touch $17. This leaves us to question how much … Continue reading

We cover potential rebound targets for GDX, GDXJ and Gold and we look at Gold’s current performance relative to global equities, foreign currencies and commodities.    

There is no silver shortage…

The precious metals sector has held recent lows and a rebound is underway. Gold held $1080/oz for three straight weeks and has pushed as high as $1126/oz this week. The gold miners (GDX and GDXJ) surged the first half of the week and Silver has also gained. We believe that this move is more likely … Continue reading

After falling for weeks, breaking to new lows and constantly being regarded as a useless asset…

From ShortSideofLong:   S&P is now on the verge of breaking its tight range and trading below the 200 day MA Source: Bar Chart   Will it or won’t it? We have been discussing S&P 500 over the last few months on this blog and focusing on whether the US large cap index will finally drop below … Continue reading