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Its mid afternoon Tuesday and the markets are selling off – still. It seems like it will never end. Big red candles on every chart I look. The VIX, the temperature gauge of fear, is rising again and the news headlines are filled with gut wrenching uncertainties about US Municipals, foreign countries that are characterized … Continue reading
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Weekly Review…
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The long-term story for a gold and a gold mining stocks bull market is clear and easy to grasp: Dubious monetary policy and irresponsible fiscal policy with government debt rising all over the world are a surefire recipe for a surging demand in gold. Toss in stagnant or even declining supply, and you have all … Continue reading
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Stocks went down sharply yesterday on concerns over consumer confidence and indications that show that the economy is stalling in China. China has been a leading market in this recovery and its bull market has helped the price of industrial metals and base metals. Over the past few weeks I have highlighted that the market … Continue reading
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Last week I offered some analysis using the True Strength Index indicator on the daily and hourly charts of GLD, GDX and GDXJ. This week I would like to offer what I believe to be a realistic look at what could be headed our way in the upcoming month of July. The GLD, GDX and … Continue reading
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1. Gold blasted out of the ascending triangle I highlighted this morning right before the breakout. 2. GOLD ASCENDING TRIANGLE 3. Gold blasted off leaving a crowd of top callers and gold worriers behind. The target of the triangle is 1320. The worst traders I know are pretty much out of gold. 4. The reality … Continue reading
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Escalating sovereign debt problems in Europe has prompted some to wonder if another “Lehman” type collapse is on the horizon. As a result, some precious metals observers have grown cautious, fearing a replay of the events of two years ago. While it is always prudent to be cautious with an extremely volatile sector like the … Continue reading
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Was looking for smaller producers to replace the departed JAG, and once again went to review the GDXJ junior gold miner eft’s holdings and I realized that I will be best to pick my own explorers and juniors. I then went and reviewed the GDX gold miner etf’s holdings. Much more to my liking and … Continue reading
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Weekly Review of Gold, Silver & Gold Stocks….
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Gold’s break out to new highs has very bullish connotations going forward. It puts the odds squarely in favor of a C-wave continuation. I will go over expectations and cyclical structure for a second leg of the C-wave in tonight’s report for subscribers. For those of you thinking about getting side tracked by a meaningless … Continue reading
