Tag: bullion

Silver Market Alert: Powerful Bullish Setup Takes Shape

Silver Market Alert: Powerful Bullish Setup Takes Shape

The silver market appears to be setting up for a big move. After spending this spring stair-stepping lower in a narrowing range, silver prices have formed a falling wedge pattern. That pattern usually resolves in a powerful directional breakout. The good news for bulls is that falling wedges usually break out to the upside. Commercial hedgers and bullion banks (i.e., “smart money”) in the silver futures market have significantly trimmed their short positions over the past couple weeks – a bullish development. While their net positioning isn’t yet at an extreme, it is more favorable than not for a price rally to commence in the near future. Of course, neither futures traders […]

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What Surging Mining Stocks Mean for Metals Markets

What Surging Mining Stocks Mean for Metals Markets

By Stefan Gleason, Originally Published on Money Metals Exchange Gold and silver mining stocks have embarked on a rally this year that could prove to be one for the record books. The leading exchange traded fund for the sector, VanEck Vectors Gold Miners (NYSE:GDX), shows an incredible 125% year-to-date gain. That far out-surpasses the 27% and 44% advances of gold and silver spot prices, respectively. What does the mining stock run-up suggest about the fundamentals for the actual mined product, physical gold and silver? Overall, it suggests that investors and industry insiders are optimistic about the prospects for higher metals prices. The mining shares tend to lead the metals in […]

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