Gold Stocks

Over the past two weeks gold stocks have surged more than 20% as the awful jobs report forced the bears to capitulate. That strong of a move in a brief amount of time will naturally slow or correct. Furthermore, gold stocks touched resistance Friday morning which led to a bearish reversal. While the bullish trend … Continue reading

Weeks ago precious metals began a correction amid overbought conditions (in the miners) and very bullish sentiment in the metals. The recent Fed minutes helped accelerate the weakness but it lost steam in recent days. A real stinker of a jobs report completely reversed the thought that the Fed would hike rates in the summer … Continue reading

A look at the current correction in gold stocks and some thoughts on how much longer it will last and how much lower GDX, GDXJ could go.  

Last week we highlighted our gold stocks bull analog chart which showed the gold stocks correcting at least 20% at this point during both the 2008-2009 and 2000-2001 recoveries. We concluded that gold stocks were likely to continue to correct in the days and weeks ahead. While that has played out so far, we should … Continue reading

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A look at the stock market and its outlook over the weeks and months ahead and analysis of the impact of the stock market on Gold and gold stocks.  

This interview was recorded on Thursday….

Mike Swanson of WallStWindow interviewed us yesterday to get our thoughts on the latest developments in precious metals and the stock market. Listen here… http://s3.amazonaws.com/ezs3-07fe5200-1422-1d54-b18490029e76bad0/podcast/2016/wsw05182016jordan.mp3  

Despite maintaining an overbought condition and despite the recent bearish posture of many sector pundits, the gold stocks have yet to correct more than 11%. Since the end of January the gold stocks have held above their 50-day moving averages, which is often support during a strong trend. If the gold stocks break their lows … Continue reading

A look at the gold stocks, their short term and medium term outlook with downside and upside targets discussed.

In this interview with Kitco I share my view that gold stocks are in a new bull market and will continue to trend higher this year. However, I noted that there could be a 20% correction in progress and if not then it will happen in the summer.  

What a move in the gold stocks! The sector has refused to correct for more than a few days at a time. All weakness has been bought as a wall of worry has been built and the sector emerges from a historic low that could be on par with the 1942 low in the stock … Continue reading