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Precious Metals Update

It has been a while since a Precious Metals article appeared on the blog, so we are definitely overdue for an update on the current situation. There is plenty to write about from both the short and long term perspective, so it is appropriate to break the post into two parts. The second part will … Continue reading

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Gold Stocks: History Argues for More Upside

Gold and silver stocks are not only the most volatile sector but the highest beta sector. Therefore the percentage moves can be quite exaggerated relative to the market. Currently, the shares have emerged from a W bottoming pattern. They have gained substantially (in percentage terms) in just the past month. I wanted to consult history … Continue reading

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Gold & Silver Daily Sentiment Index

Daily sentiment index (DSI) has hit extreme bullish readings on Gold at 90% bulls and on Silver at 92% bulls. In a downtrend, this is a contrarian signal to sell or short the rally. In an uptrend, this is not a contrarian signal to sell or short, but just to expect prices to digest recent gains … Continue reading

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TheDailyGold Nails Market Bottom & Rebound

Back in May with precious metals falling and heavily oversold we wrote an article, “Major Bottom could Happen this Week.” The evidence presented was too hard for us to ignore. The sector was extremely oversold and Gold, Silver and GDX was nearing strong enough support that would produce a rebound. After publishing, we received some … Continue reading

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