Author Archive: Bob Kirtley

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How Is Monetary Policy Influencing Gold Prices?

| June 4, 2014 | Category: Price
How Is Monetary Policy Influencing Gold Prices?

Among the many factors that we can point to as being influential for precious metals and we have covered just one of them, however this is an important week for both of them. A quick look at the chart and we can see that gold’s decline is accelerating so a re-test of the June lows now looks to be on the card

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The Coming End To The Bear Phase In Gold

| May 7, 2014 | Category: Price
The Coming End To The Bear Phase In Gold

It’s been almost 30 months since the gold bull hit the dizzy heights of $1900/oz back in August 2011, sending many of us into raptures. However, it has been a very different story since then with gold slipping to a low of $1180/oz in June 2013 before bouncing higher to almost touch the $1400/oz level. Fast forward to today and we have gold trading at around $1310/oz level, having tested the June bottom around Christmas time 2013. Many believe that the bottom is now in and the bull has resumed charge, with the bears being exhausted. We would like to agree with them but we are still of the opinion that a challenge to the June lows could still lie ahead of us.

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Gold, Silver And The Mining Sector: Prepare For A Severe Fall

| April 17, 2014 | Category: Price
Gold, Silver And The Mining Sector: Prepare For A Severe Fall

Gold’s progress was characterized by a sudden steepening of the curve leading to a final blow off when the price had gotten ahead of itself. We now need to see a similar occurrence take place during a sell off. However, this sell off, as torrid as it has been lacks that final spike down which occurs when even the most ardent bulls have had a guts full and finally throw the towel in. Gold and silver’s inability to sustain a decent rally suggests that it could re-visit and test its old June lows. Should this support fail to hold we could then experience a rather disorderly sell off taking gold back to the $1000/oz level.

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Silver Prices Heading Lower As Bears Tighten Their Grip

| March 27, 2014 | Category: Price
Silver Prices Heading Lower As Bears Tighten Their Grip

I’m not convinced that the June low was the final low for this prolonged bear period that currently exists within this precious metals bull market. A final capitulation could be on the cards and arrive sometime this summer, maybe May/June time. The USD refuses to trade below the ‘79’ level even though it has tested this level no less than six times over the last two years.

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Gold’s Golden Cross Not Necessarily Positive Technical Signal

| March 24, 2014 | Category: Price
Gold’s Golden Cross Not Necessarily Positive Technical Signal

As we can see on the above chart a golden cross is about to be formed this week. However, before we bet the ranch on gold prices making a moon shot we might want to take a look at what happened when this cross appeared previously on the gold chart. It took place around September 2013 and as we can see things turned to custard with gold prices peaking and then falling from $1650/oz to $1200/oz in June 2014.

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The Federal Reserve, Janet Yellen, QE and Gold

| February 27, 2014 | Category: Economy
The Federal Reserve, Janet Yellen, QE and Gold

We need to see more in the way of all round strength in this sector before we can implement an aggressive acquisitions strategy and so we have the lion’s share of our portfolio in cash. However, allocating a small amount of your investment funds to the acquisition of a few good quality gold and silver stocks in order to have a one foot in the precious metals camp might not be a bad idea, but go very gently as these are dangerous times for gold bugs.

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The Dead Cat Dollar Outperforms Gold, Silver and The HUI

| December 17, 2013 | Category: Price
The Dead Cat Dollar Outperforms Gold, Silver and The HUI

The gold market has been very kind to us over the last decade so we would like to paint a rosy picture for gold in 2014, but we regret that we just cannot see it yet. Gold and silver need to remain above the June lows and rally to higher ground in order to restore investor confidence. We suspect that this will not happen and that they will penetrate those June lows in a move that could lead to a ‘final’ capitulation; something that we believe is missing from this jigsaw.

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The HUI Has Penetrated Its June Lows, Gold and Silver To Follow

| November 28, 2013 | Category: Investing
The HUI Has Penetrated Its June Lows, Gold and Silver To Follow

The June low for the gold mining sector was believed to the bottom for gold miners and as such presented a buying opportunity for the precious metals community. At the time we greeted this event with some trepidation and described the capitulation as a capitulation of sorts, but not a final one. In any bull market we have to climb the wall of worry and gold and silver did exactly that in the first phase of this bull market as many objectors denounced its progress. This wall of worry will always be with us as gold clings on in the hope that there is a U-turn coming and the bull […]

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Gold, Silver And The Mining Sector Have Not Bottomed Yet

| November 19, 2013 | Category: Price
Gold, Silver And The Mining Sector Have Not Bottomed Yet

As a bull on both gold and silver I do expect that this sector will shine once again, hopefully in the not too distant future. However we are still of the opinion that this gold bull market remains in a bear phase for now. The timing of market directional changes is critical to the success of any investment. We all know that it is impossible to pick the very top or the very bottom of the market and so enter and exit the market with absolute perfection. That just does not happen, but it is incumbent on us to try and get as close as possible to these turning points in order to maximise our profits.

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The US Dollar, The Euro and Their Influence on Gold Prices

| November 6, 2013 | Category: Price
The US Dollar, The Euro and Their Influence on Gold Prices

When trying to analyze the future direction of gold it is now critically important that we include the currency war, as this arena in dollar terms, dwarfs many of the other considerations. Try not to ignore the actions of our political masters and the central planners as their words and actions will impact upon currency gyrations, which will spill over into the precious metals market.

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Gold Prices Still Dependent On The US Dollar

| October 24, 2013 | Category: Price
Gold Prices Still Dependent On The US Dollar

The bear trend within the gold bull market is still in place so why not wait until you are sure that this phase has exhausted itself and a new bull phase has commenced. Sure you will miss the beginning of the move but you will have more certainty of generating a decent profit. Should gold manage to form a new near term high; say a close above $1400/oz, then we might get a decent rally, but don’t hold your breath, it could be months away.

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Silver’s Summer Rally Fizzles Out

| October 17, 2013 | Category: Price
Silver’s Summer Rally Fizzles Out

As gold and silver bulls we need to recognize that nothing goes up in a straight line and that there are bumps along the way. This current bull market in the precious metals sector is going through a downturn, a bear phase within a bull market. There will come a time when this bear phase exhausts itself and we can hit the acquisition trail with some gusto, so we must remain vigilant and look for those indicators that will alert us to a future change of direction. Until you are confident about silvers direction, keeping a fair amount of cash on the side-lines is not a bad idea.

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Silver Wheaton Reports Excellent Results & Pays Out Quarterly Dividend

Silver Wheaton Reports Excellent Results & Pays Out Quarterly Dividend

Today Silver Wheaton Corporation declared its first quarterly cash dividend payment for 2013 of US$0.14 per common share. This dividend will be paid on April 2, 2013. This is good news for shareholders in that it is the highest quarterly dividend to date by SLW.

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Gold Prices Experience a V-Shaped Bounce

Gold Prices Experience a V-Shaped Bounce

For those taking close interest today there was an interesting move in gold prices as the below chart shows. A ‘V’ shaped bounce of some $35.00 or so just before the close must have given a few gold bulls a real scare. Gold dropped briefly below $1720.00 so we can only imagine that someone has made a rather fortuitous purchase at this level. However, if this sudden drop had occurred a few minutes later then we would have had a dramatic closing price for today’s trading session in New York. Granted we would only need to wait 30 minutes or so before trading re-commenced when we assume that a more […]

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