GDXJ

As we know, Gold and gold mining stocks have been trapped in a bear market that has been severe in both price and duration. It is seemingly a “forever” bear market as rebounds and recoveries have been followed by lower prices and more devastation. The Fed-induced strength of this week is giving bulls some hope. … Continue reading

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.    

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

The precious metals complex has attempted to stabilize over the past few weeks. Some markets have had more success than others. Gold has been able to hold $1080/oz while GDXJ has also held its recent low. The large cap indices (GDX, XAU, HUI) have grinded lower to new bear market lows this week. This leads … Continue reading

Hong Kong fund manager Tiho Brkan has understood this bear market in precious metals as well as anyone else I’m aware of. That is why we interview him regularly. Listen below for his latest insights..  

While the risk of a final breakdown is growing, one positive we see is the relative strength in …

The larger juniors are outperforming the seniors…

Gold and Silver are going to close down for the third consecutive day and the third consecutive week. As we pen this on Friday, Gold bounced from $1162/oz and could close near $1170/oz while Silver traded below $16/oz and may close at $16/oz right on the dot. Both metals are now dangerously close to their … Continue reading

There is some talk among traders about precious metals breaking out. Silver broke a trendline dating back to summer 2011 and will make its highest weekly close in more than three months. Gold will make its highest weekly close in three months and gold miners had a very strong week. However, do these moves really … Continue reading