GLDX

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

We’ve been very bullish on the miners since January but became concerned recently with the poor technical action in the metals (specifically Gold). Last month the mining indices were very close to a major breakout yet couldn’t punch through. This signaled that Gold could begin a deeper decline and the miners would be vulnerable. However, … Continue reading

No pain, no gain. That is one comment regarding this seemingly terminal bottoming process in the precious metals complex. Multiple times as soon as conditions have strengthened enough for us to anticipate a breakout, the miners have put in a bearish reversal. At the same time, the metals and especially Gold have failed to gain … Continue reading

The precious metals complex is moving closer to a bottom, but it’s not there yet…

In this video update we cover treasuries, junk bonds, the Nasdaq, Silver and gold miners….

Last week we noted that the gold and silver shares had formed a short-term rebound in response to an oversold condition. Yet we felt that the downtrend that originated from the hard reversal in March was still in effect. As we go to publish, the rebound appears to be petering out. Be aware that there … Continue reading

The Fed minutes were dovish and this helped push Gold above $1310 to $1320. However, the miners, which usually lead the metals did little to confirm the rise. In fact, the miners have been relatively weak in recent days and had a bearish reversal on Thursday. Their rebound from an oversold condition has petered out. … Continue reading

An update on our proprietary index of 12 companies…

While majority of the traders and the financial media is focused on the US stock market, stuck in a argument between whether the recent correction is finished or not, the real action is….