Gold

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  

Nearly two months ago I published a video in which I discussed conventional CoT analysis and the mistake many investors might make assuming Gold and gold stocks would undergo a big correction. The fact is a bull market that follows a nasty bear usually stays very overbought throughout its first year and therefore sentiment indicators … Continue reading

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A look at Gold and Gold Stocks with some short term and medium term expectations.  

The gold stocks have been on a tear lately as they continue to move higher in defiance of the bearish calls of numerous pundits and traders. After trading lower mid week and filling Monday’s gap, the miners are set to close the week with some strength. While the miners are overbought and could remain below … Continue reading

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Last week we concluded: As long as the gold stocks continue to hold support for another week or two then the near term outlook is bullish. A bull flag is a consolidation pattern that separates two strong moves. It could be developing in the miners. There is logical reason to be cautious if not bearish … Continue reading

A quick look at the current consolidations in Gold & Gold Stocks. GDX, GDXJ.  

Gold and gold stocks finally showed a bit of weakness during the holiday shortened week. Gold had its biggest weekly loss in months, losing 3% to $1217/oz while the miners (GDX, GDXJ) declined about 5%. Silver lost 4%. If weakness in Gold and gold stocks continues then we should turn our attention to technical support … Continue reading