Gold Stocks

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HUI Gold Bugs Index Symmetry

There is a growing presence out there talking about a potential Inverted Head & Shoulders (IH&S) on the HUI, which NFTRH has had going since mid-late last year.  Below is a simple view of it, with last week’s ‘Week 2 down’ making perfect sense (symmetrically speaking) with ‘Weeks 1 & 2 up’.   NFTRH subscribers … Continue reading

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Gold Miners Outlook

I recently warned that the correction was looming in the Precious Metals markets. During 08th of March, I observed that the overall sector has become quite extended on the upside from a short term perspective. I wrote that: The three month rolling performance, seen in the chart above, shows Gold Miners have so far gifted brave … Continue reading

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Checking the Precious Metals

Gold Stocks & Gold continue to lead while Silver is the laggard. Will it breakout soon?….

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PDAC 2014 Underscores Muted Sentiment towards Gold Stocks

The buzz phrase at PDAC 2014 could be described as “cautious optimism.” Executives, analysts and investors seem to believe a corner has been turned but failed to show any excitement or hope beyond that. Some participants estimated that attendance was down 20% from last year and much lower than 2012. I did not attend last … Continue reading

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Don’t Fear Strength, Plenty More Upside Ahead for Gold Stocks

Major bottoms in any market or sector usually produce big rebounds and big gains for those who are correctly positioned. For some, the initial strong gains create trepidation that the market will experience a big correction or revert back to the previous bear market (which created the foundation for the big rebound). I’ve noticed this … Continue reading

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How Much Can GDX & GDXJ Gain in 2014?

In recent months we compared the bear market in gold stocks to bear markets of the past. Readers were probably getting sick of seeing our bear analogs chart which made the case that a major bottom was coming. The good news is the major bottom is in and now we can compare the current recovery … Continue reading

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