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Last week we wrote that precious metals should see upside follow through but to be wary of the 200-day moving averages and February highs before becoming excited. The metals did follow through as Gold gained 1.5% and Silver gained 1.9% (for the week) but the miners disappointed. GDX gained only 1.1% while GDXJ finished in … Continue reading
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The gold stocks have been on a tear lately as they continue to move higher in defiance of the bearish calls of numerous pundits and traders. After trading lower mid week and filling Monday’s gap, the miners are set to close the week with some strength. While the miners are overbought and could remain below … Continue reading
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Miners are showing relative strength….
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This is a concept that comes from Bob Hoye and we’ve written about it extensively. Bob believes that the real price of Gold is what is important for the gold stocks and not the Gold price. The real price of Gold is essentially Gold against Commodities. To be more precise, we look at Gold vs. … Continue reading
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The following article entitled Gold or gold stocks? It depends on your confidence in the price encapsulates the public’s general understanding of gold and gold shares…..
