GDX

Could the miners be ready to lead Gold….

Brief analysis of the metals with a greater focus on the gold stocks…

Precious Metals have had an interesting week. Both Silver and the gold stocks rebounded off their 50-day moving averages only to do a 180 the following day. Meanwhile Gold has given back most of its January gains. In this missive we consider the near term outlook for Gold and the gold stocks. In the chart … Continue reading

Our latest comments on all things precious metals….

For the most part positive fundamentals (for gold mining companies) refers to rising Gold prices. However, this neglects the things under the surface which can affect margins as much as headline prices and in some cases more. In the chart below we plot Gold priced in Canadian Dollars, Gold against Oil and Gold against Industrial Metals. … Continue reading

Focus on the gold stocks and a few fundamental developments…

Gold and gold mining shares rebounded strongly from the end of December through the first three weeks of January. Over the past several weeks the sector has digested those gains while holding above rising 50-day moving averages. The sector is nearing a bit of a decision point where either a breakout could occur or further … Continue reading

An impending top in the US$ index could be a boon for precious metals…

In recent days and weeks we noted key levels for Gold at $1250 as well as $1270-$1280. Over the past two weeks Gold easily cleared $1250 and continued to $1300. Today it is trading around $1290 and will close above its 80-week moving average for the second consecutive week. That last happened in late 2012. … Continue reading

Key levels for Gold & gold stocks over next few months…