Gold

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Jordan Roy-Byrne CMT is confident the bottom is in for gold stocks. Although, the gold price rebound is not as strong as other historic rebounds and gold needs to close this month above 1180 to lock in the long term bullish trend. Jordan believes that gold will likely test the 1200 mark again this month … Continue reading

A short commentary and answer to the question…

Last week we focused on the gold stocks. There was more initial evidence of a new bull market there than in Gold. However, Thursday Gold erased some doubts as it rocketed above $1200/oz and to as high as $1264/oz before settling a bit lower. That move puts Gold’s recovery on par with those following past … Continue reading

What do Gold & gold stocks have to do to confirm a major turn?…

Last week we said nothing has changed. This week figures to be the week something did change….

With each passing rally hope has bloomed that the bear market in precious metals may be over. The long and deep “forever bear” has to end but it hasn’t yet. Under the surface, the bear market is getting weaker and Gold is growing stronger. It’s showing strength against foreign currencies and has broken its downtrend … Continue reading

Gold and Silver have held up well during the recent selloff in equities. From December 28 through Wednesday the broad NYSE lost 10.4% while the S&P 500 lost 9.6%. Precious Metals gained strength during that period. Gold advanced 3.0% while Silver gained 1.7%. Gold relative to the NYSE broke its downtrend and touched an 11-month … Continue reading

A look at Gold against Stocks and Foreign Currencies, Silver, and the gold miners GDX and GDXJ.    

Last week I discussed the precious metals market with CrushTheStreet.com…