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The precious metals sector, after failing to breakdown has enjoyed a strong rally in recent weeks. Gold, Silver and junior gold miners (GDXJ) have reached their 200-day moving averages with senior miners (GDX) close behind. While this is a positive development it does not yet signal that the sector is embarking on a new bull … Continue reading
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Is Silver’s early break out signalling a change in trend or will this be just be yet another fake out?…
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We provide targets for Gold, Silver, GDX, GDXJ and HUI…
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Listen to our latest thoughts on the stock market and Gold…
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Video update discussing equities, Gold, and gold miners…
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As we know, Gold and gold mining stocks have been trapped in a bear market that has been severe in both price and duration. It is seemingly a “forever” bear market as rebounds and recoveries have been followed by lower prices and more devastation. The Fed-induced strength of this week is giving bulls some hope. … Continue reading
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We talk with Kitco about the prospects for a turnaround in mining, Gold and Commodities.
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Last week when we covered rebound targets in the precious metals sector we also discussed the importance of Gold’s performance in real terms. It can be a leading indicator for the sector at key turning points. Since then precious metals sold off in aggressive fashion alongside global equity markets. However, Gold against equities gained materially. … Continue reading
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Greg Weldon comments on recent market developments….
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Precious metals for the most part have reached their initial rebound targets. Gold has led the charge by pushing above $1140 to $1150/oz resistance (for now) while Silver rebounded back to former support (the mid $15s). GDXJ has nearly touched $23 but GDX has failed to touch $17. This leaves us to question how much … Continue reading
