Gold Stocks

…Bottom line: Call me a broken record, but I remain wildly bullish on Gold and Gold stocks at current levels. I still believe we will be making new highs in the Gold price and Gold stock indices before the spring is over….

Investors have long speculated China will start buying gold and selling its hoard of U.S. dollars at some point. (China’s hoard could be literally trillions of U.S. dollars.) It would be the first step in a “Doomsday” scenario…

THE FOUR KEYS The question now remains whether gold is stuck in a D-wave decline or whether the action since December has just been a very tricky midpoint consolidation before the C-wave finishes its run. I will say the recent strength despite a strong dollar is very encouraging. There are four important requirements that have … Continue reading

We had set ups this week and we added to positions.

We will also remove the hedge on our core positions if conditions are met next week.

Summing up, gold, silver, and PM stocks are currently following the general stock market more closely than they follow the USD Index. This is a positive factor in the very-short-term, as it provides additional positive signals for short-term Speculators.

We typically cover longer-term ideas in DailyWealth. But we also know going against crowd behavior – and trading overbought/oversold extremes – is a great way to make money for folks with time to follow day-to-day movements…..

Adrian Day, President of Adrian Day Asset Management, says that despite hitting yet new highs near the end of the year, there is much further to go for gold and gold stocks.

So in a perfect trading scenario, the dollar will continue to climb for a few more days to reach resistance and in return that will push gold and silver down for a few more days…..

Sentiment is terrible in the Gold patch right now, which is what’s usually needed to form a lasting bottom. It’s so bad that people are actually concerned about what Prechter is saying is going to happen to the Gold price right now (in case you don’t know Prechter’s track record on Gold, it’s simple: he’s … Continue reading

Bob Moriarty: 2010—The Year for Gold Shares Source: Interviewed by Karen Roche, Publisher, The Gold Report  01/05/2010 321gold founder Bob Moriarty returns to The Gold Report for a lively exclusive interview about what he sees as the best investments for 2010. “Last year it was gold,” says Bob, “and this year I believe it will be … Continue reading