GLD

Although, if I were a d Boy I would try to refrain from chest thumping just yet.  SLV just tried a go green a moment ago and remains strong in comparison to gold.  GSR is lame and gee, you would expect there to be a major spike if Uncle Buck meant business to the upside, … Continue reading

Week in Review…

Weekly Review of Gold Sector….

Ben Bernanke has officially announced quantitative easing and the markets are reacting with rising prices among all asset classes. QE2 is practically an economic tool to artificially raise asset prices to prevent deflationary forces. When asset prices decline due to a lack of demand you have deflation. Quantitative easing essentially is a preventive approach for … Continue reading

I would love to see a full retrace down to the SMA 50……

GLD fills one of the gaps we speculated upon yesterday…..

In regards to technical analysis, we usually discuss (in our public commentaries) price patterns, intermarket relationships and sentiment. I can’t remember I wrote something about volume. This may be the first. Volume can be interpreted in a number of ways which can make it less reliable in my opinion. However, in today’s commentary we want … Continue reading

Modest overnight volume by recent norms with a trading range of $6 with seemingly no concerted buying or selling probes unlike yesterday morning’s bungee jump bear trap. Open interest after Friday’s extraordinary volume actually contracted by ~2,000 contracts and patently confirms that shorts continue to cover and that new money is not in the room … Continue reading

Drew Clark is a relatively new analyst with Byron Capital Markets, but that doesn’t mean he doesn’t espouse his fair share of wisdom……

Another update of the chart below that last appeared in this section about four months ago (see Volume V, Issue 22) is in order after the recent rise in the price of gold to a new all-time high, the surge in gold and silver mining stocks in general, and the near vertical course that has … Continue reading