Tag: gdx

COT Report Is Short Term Bearish For Gold

COT Report Is Short Term Bearish For Gold

The Gold Cycle looks fairly easy to read; once you strip out any biases you may carry.  Quite simply, it’s screaming Investor Cycle top and warning of a significant decline.   Sure when viewed through the idea of endless printing and world crises’, one could easily suggest or envision much higher prices before any significant pullback.  This type of thinking is actually what drives IC tops, an unrelenting belief that a Cycle will continue higher based on short term speculative interest and a fear of missing another move. But the facts are that we’re very deep in the timing band for an IC top, we have a very bearish COT report, […]

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Potential Intermediate Term Targets for Gold & Gold Stocks

Potential Intermediate Term Targets for Gold & Gold Stocks

The precious metals complex rebounded strongly in August and September, which is typical when the larger trend is bullish. We believe the larger trend turned bullish with the bottom in May. However, weeks ago we noted targets of $1800 for Gold and 57 for GDX as resistance points. The market has begun a corrective period which should last deep into October. Nevertheless, such a correction would provide an excellent entry point before the market makes its next move higher. Today we examine potential medium term and intermediate term targets for Gold and the gold stocks. Starting with Gold, we find it correcting and consolidating after reaching resistance at $1800, which […]

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Junior Miners (GDXJ) Are Outperforming Gold Bullion (GLD)

Junior Miners (GDXJ) Are Outperforming Gold Bullion (GLD)

Jeb Handwerger, editor of GoldStockTrades.com, says the technicals are lining up for precious metals players, not just the fundamentals. The fundamentals for gold and silver appear to be making a positive turn as the US, ECB and Bank of Japan simultaneously signals Worldwide QE3. The charts are just beginning to make new uptrends and may have much more room to go. One must remember both gold and silver have not made new inflation adjusted highs despite record sovereign debt levels and a coordinated worldwide currency debasement.  There is much more room to go in this rally as many investors still need to unwind a record position in cash and treasuries. […]

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Time To Establish New Gold Positions

| September 28, 2012 | Articles: Gold Silver Stocks
Time To Establish New Gold Positions

The following is an excerpt from the premium mid week update from the The Financial Tap, which  is dedicated to helping people learn to grow into successful investors. They provide cycle research on a number of markets through weekly updates and the offer real time trade alerts to take advantage of market inefficiencies. They offer a FREE 15-day trial where you’ll receive complete access to all the valuable resources on the site. The miners have taken a 4 day beating and just like that (as warned in the weekend report) they gave back 10% of their gains.  I was looking for at least a gap fill back at the $51.50 level and preferably a move […]

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Why Are The Silver Miners Outperforming?

Why Are The Silver Miners Outperforming?

We have seen major developments in the silver mining sector (SIL) which shows that the majors are hungry for the juniors.  Coeur D’Alene (CDE) has made some strategic investments in some juniors silver explorers in British Columbia and Mexico, Hecla (HL) made a bid for U.S. Silver and Silver Wheaton (SLW) has signed its first major royalty deal in years.  This signals that the smart money believes we are near a bottom and we may just be at the beginning of a major move in the junior silver miners.  The majors are hungry for new deposits in mining friendly jurisdictions.   Since Bernanke’s Jackson Hole speech that sparked a risk […]

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Near-Term Targets for Gold, Silver and Mining Shares

Near-Term Targets for Gold, Silver and Mining Shares

It’s amazing. Suddenly, everyone is bullish again. Two months ago you couldn’t give away mining shares or Silver. No one wanted to buy. After back to back weekly gains (for essentially the first time since January) the gold bugs are back and proud. Bullish calls are coming out of the woodwork. This is good and all but as analysts our job is to stay ahead of the market, rather than react to or follow it, as so many professionals do. That being said, today we give you a quick synopsis of where things stand and the potential risks coming into play. Below we chart Gold and Silver in weekly form. […]

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How to ride the gold wave and minimize risk

| September 3, 2012 | Articles: Insights
How to ride the gold wave and minimize risk

Now that GLD has taken off like a rocket the last few days the question arises “how does one manage the risks?”. That being the risks of chasing a stock and sitting through a pullback right after one buys? Ever get caught up in the moment only to see shortly thereafter the stock pulls back after you are in? Isn’t it at those times you wished you had just remained calm, cool and collected to enable you to get a better fill? That’s called chasing a bus here at All About Trends and every day we hammer the point home — do NOT chase buses, but instead wait for stocks […]

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Gold, Silver, Mining Stocks: Breakout Time, Not Bubble Time

Gold, Silver, Mining Stocks: Breakout Time, Not Bubble Time

Admittedly, for over a year and a half precious metals investors have been going through a time for testing of our essential position in wealth in the earth equities and bullion.  Investors were experiencing pain and panic at a time that it was easier to throw in the towel as the technical charts appeared to be broken as gold (GLD) and silver (SLV) went below the 200 day moving average.  We advised patience and fortitude despite an onslaught from fellow analysts and media coverage which were attempting to shake out our readers.  Now precious metals and miners appear to be making constructive and powerful breakouts. The casino has ever been […]

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The Precious Metals MAJOR Breakout Part II

The Precious Metals MAJOR Breakout Part II

It has been a year since the price of gold bullion topped out and even longer for silver. Many traders and investors have been patiently waiting for this long term consolidation pattern to breakout and trigger the rally for precious metals and miner stocks. Most of gold bullion is used for investment purposes.  As a result, it rises when there is economic weakness and investors lose confidence in the fiat currency of a country. With continuing economic weakness in the United States it will almost certainly lead the Federal Reserve to act in way that is more powerful than Operation Twist which is the selling of short term securities to […]

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Betting On Mining Stocks’ Higher Prices May Not Be Such A Good Idea

Betting On Mining Stocks’ Higher Prices May Not Be Such A Good Idea

All the fundamental factors that have made gold such a stellar investment for the last decade are still intact. Fiat money is still being produced on easy street around the world, which in turn fuels worries about the dwindling purchase power of the currencies; central banks are still accumulating gold; real interest rates are still negative so investors don’t give up any interest rate by investing in gold. However, there are several things that have been affecting gold negatively over the past few months, much to our dismay. One of them is the dollar’s strength against the euro and gold’s recent tendency to move inversely to the dollar and in […]

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World Navigating Troubled Waters: Gold and Silver Will Move Higher As Safe Haven

World Navigating Troubled Waters: Gold and Silver Will Move Higher As Safe Haven

We have climbed the wall of worry for over twenty years as wealth in the ground becomes increasingly desirable in a world that is threatened with the ghosts of depressions past.  We observe the doubters who regale us with such headlines as “The Fed’s Big Move Is No Solution” or a noted economist writes that he senses the tone of urgency of Fed Governor Janet Yellen’s remarks that “the scope remains to provide additional accommodation.”  Yellen’s comments are really repetitions of her boss The Fed Chairman Ben Bernanke. The world is navigating very troubled waters.  For over four years the top Central Banks orchestrated by the Federal Reserve Chief injected […]

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What Is Volume Telling Us about Gold Stocks?

What Is Volume Telling Us about Gold Stocks?

By Jeff Clark, Casey Research I’ve read articles from more than one analyst claiming that gold stocks are down on low volume, implying there’s a lack of interest in precious metals. While on the surface that seems like an obvious statement, their point is that most of the recent volume has been coming from sellers and thus exaggerating the recent decline. I decided to test this hypothesis, because if correct, it has investment implications, starting with the fact that at some point you run out of sellers; and if and when buyers return, the ensuing rise could be spectacular. I also wanted to compare volume now to the waterfall decline […]

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Is Major Decline in the Precious Metals Stocks Underway?

Is Major Decline in the Precious Metals Stocks Underway?

All eyes are on Greece which is heading toward national elections six weeks after the last vote. Many feel that a Greek euro exit would be a chance to cauterize a festering wound and move on. There are also those that feel that Greece could be the first of several dominoes to fall, much larger economies such as Spain, Italy, for example. Meanwhile, Spain’s 10-year borrowing costs had hit as much as 6.5 per cent on Wednesday with the risk of the country paying astronomical prices to borrow in the future. Spain has now issued more than half of its total debt needed for this year, yet concerns that Madrid […]

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Bottom in, but is it September 2008 or October 2008?

Bottom in, but is it September 2008 or October 2008?

We began the week by making a ballsy prediction about the precious metals complex. We believed a major bottom could happen this week. In the wake of the European debt crisis and potential “credit events,” the precious metals became extremely oversold based on a number of metrics. Technically, we saw that Gold and Silver were nearing the December lows which produced a good rally. The gold stocks were nearing the 50% retracement of their 2008-2011 bull move. The combination of an extreme oversold condition and technical support usually produces bottoms. It wasn’t a difficult call but putting it on paper was. With the low in, the question now becomes, is […]

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