HUI

In our previous essays we have covered the situation on the USD, gold and silver markets, but since there’s more to the precious metals sector than just these two metals, we have decided to supplement the previous analysis by covering the precious metals stocks…..

THE FOUR KEYS The question now remains whether gold is stuck in a D-wave decline or whether the action since December has just been a very tricky midpoint consolidation before the C-wave finishes its run. I will say the recent strength despite a strong dollar is very encouraging. There are four important requirements that have … Continue reading

Summing up, gold, silver, and PM stocks are currently following the general stock market more closely than they follow the USD Index. This is a positive factor in the very-short-term, as it provides additional positive signals for short-term Speculators.

As of Friday February 19th, gold is positioned in a rare setup that normally only comes along once or twice every 15-20 months……

So in a perfect trading scenario, the dollar will continue to climb for a few more days to reach resistance and in return that will push gold and silver down for a few more days…..

We continue to hold our core positions, fully hedged, locking in profits while waiting for the completion of this correction…..

Sentiment is terrible in the Gold patch right now, which is what’s usually needed to form a lasting bottom. It’s so bad that people are actually concerned about what Prechter is saying is going to happen to the Gold price right now (in case you don’t know Prechter’s track record on Gold, it’s simple: he’s … Continue reading

ETF Trading Gold, Silver, Oil, Natural Gas and the Index December 9th, 2009 Etf trading has made it so easy for traders and investors to get maximum exposure to the entire market without the high fees of mutual funds and manager. There are now etfs covering almost every investment type whether it’s stocks, indexes, sectors, … Continue reading