Gold Stocks

Let’s get right to business. Here’s the gold juniors chart, via the GDXJ.  I’ve highlighted the key HSR levels in blue.  After hitting my “enhanced selling” HSR $29 area, most of you are back in refill mode now. Click here now to view the enhanced buy zones, current and prospective: GDXJ Daily Chart The one … Continue reading

Since early 2009 we’ve written about the super-bullish long-term cup and handle pattern in Gold. It dates back to 1980 and has a logarithmic target of about $2,100. We noted that previous cup and handle patterns in Gold all reached their logarithmic target1. We expect that this move to $2,100 will be the recognition move … Continue reading

The public just got a little bit interested again on Friday. This is a good sign. I now follow the Rydex Precious Metals Fund as a proxy for retail investor interest/sentiment in the Gold sector. You can too if you want. The total assets in the fund fluctuate wildly, with assets flowing out of the … Continue reading

Many people like to look at Japan as instructive relative to the current situation facing the United States (and most of Europe). The current strong up move in stocks has been relentless. It has been no fun and of no use lately to eruditely point out how bad the underlying economy is and how bad … Continue reading

While Gold is a hedge for inflation and deflation, that doesn’t mean that gold stocks are a hedge or outperformer in either environment. As we wrote last year, gold stocks tend to perform better when…

Here is the chart from an email update to subscribers sent out pre-market this morning. The mail contained some written analysis, yes. But really….

Jack Chan’s weekly update…

Many public readers have asked what my current prognosis is for the gold market. I have published a special report for our subscribers in November which continues to be on track and valid for the current market. Here it is in its original content:

This is one of those things that doesn’t matter as much as people think. Watching the daily financial news, scanning for clues, looking for justification. One of the great secrets of speculating/investing is the fact that the daily news item chosen to “explain” a move higher is not that important.

In the March 5th commentary, we’ve summarized that signals coming from the analysis of the PM stocks’ charts currently don’t give us very precise signals, which may mean that they are to trade sideways for some time instead of making a sharp move in any direction, but there are other signals (…) that we may be near a local top…