HUI

Dave provides his thoughts on the rebound in the sector and what we can expect in the very short-term and fundamental drivers for 2014….

Some readers may be sick of seeing this chart but I believe there is no more important chart when assessing or describing the current market (in gold stocks). From a weekly price perspective the recent bear market labeled E finished down 65%. It was almost identical in trajectory, time and price to C, the 1968-1970 … Continue reading

Yesterday was an impulsive looking move and something of a statement in itself.  But now technically, the metals and miners need to gather themselves (after a potential pullback on profit taking) and make a real statement. Yesterday was the booster stage (gap up), and another leg up from here would give the precious metals complex … Continue reading

Obviously, we can’t know if the bottom is in but I’ll repost a chart which is my best argument for why we can expect a big rebound over the coming months. The chart shows all of the worst bear markets in gold stocks. At the top right I’ve annotated the ensuing recoveries. As you can … Continue reading

Dave Skarica covers Gold, gold stocks, coal, and other energy commodities….

Our recent calls for a bottom have been proven wrong as precious metals plunged to another new low. Two trading rules we have is to always use a 20% stop and never add to a losing position. Note our previous article in which we said use the late May low for a stop. This helps … Continue reading

It’s been a tough road for precious metals but the path ahead has strong potential of being significantly profitable….

While Gold has seen a decent rebound, Silver and the mining shares (the more speculative side of the complex) have failed to sustain any rebound despite tremendously supportive sentiment amid an extreme oversold condition. Is the failure to rebound bearish? Not really. This is a sector that is completely sold out but there are yet … Continue reading

Most chartists use daily or weekly charts. Few look at monthly charts. I don’t know of anyone (myself included) who pays any attention to quarterly charts. We decided to take a look at the quarterly chart of the HUI gold bugs index. It is below and we note the two big downturns in the market. … Continue reading

Our title seems obvious. We all know that the US$ tends to be negatively correlated with commodity prices. This is true in the short-term but not always so over the long-term. The US$ index is currently nearing 83. It’s at the same level it was in 2007 when Gold was trading in the $600s and … Continue reading