Tag: gold silver miners

Gold & Silver Stocks Will Rise Again

| March 24, 2015 | Category: Stocks
Gold & Silver Stocks Will Rise Again

Gold and silver have fallen hard since 2011 and gold and silver stocks have been crushed. The chart of the XAU shows a November low not seen since 2000. The ratios of the XAU to the S&P and to gold show that gold and silver stocks have been “out of favor” as easy money has levitated the broad stock market at the expense of gold and silver stocks. Those stocks should “regress to the mean” and move much higher. I suspect 2015 will clearly show the bottom occurred in 2014 for gold, silver and the XAU.

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Technical Picture In Precious Metals And Miners Based On Andrews Pitchforks

Technical Picture In Precious Metals And Miners Based On Andrews Pitchforks

The precious metals and the mining stocks remain in a long-term downtrend. We may be seeing the beginning of a new bull phase but caution is warranted. The sector became overbought in recent weeks and we are seeing a pullback. Price will show us where it wants to go next as the current decline plays out and finds support. If you are accumulating on weakness stick with the relative strength leaders.

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Gold’s Sharp Rebound Could Indicate A Throwback

| February 2, 2015 | Category: Price
Gold’s Sharp Rebound Could Indicate A Throwback

GLD fell back last week with a sharp decline on Thursday, but rebounded right away on Friday. This sharp rebound indicates that the decline might be a “throwback” to broken resistance, which turns support. The red lines mark a Raff Regression Channel to define the six day downswing. A follow through move above 124is needed to end this pullback and signal a continuation higher. The second chart shows the Silver ETF (SLV) testing the breakout zone in the 16.5 area.

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Gold Gets Safe Haven Bids But COMEX Has Stopping Power

| February 1, 2015 | Category: Investing
Gold Gets Safe Haven Bids But COMEX Has Stopping Power

An important driver of the recent gold rally has been the flight to safety, away from stocks, into “risk off” assets like the US Dollar, US Bonds and gold. Clearly, gold in non-US Dollars has a much more constructive outlook because of the monstrous US Dollar rally of late. In the short run, the gold chart setup suggests a pause. Longer term, towards the second half of this year, depending on how risk on / risk off will play out, gold could be in the position to break through its long term resistance. Even with all the conclusions confirming each other, there is one major divergence, and it deserves a yellow flag in our opinion: COMEX futures positions. It has the potential to cap the rally, and even reverse it, at least in the short run. Going forward, it is key to monitor how futures positions in the COMEX evolve as the price of gold changes. Also, the key trendlines, chart patterns, and technical indicators should be monitored as prices evolve.

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Gold Makes Reverse H&S Breakout, Gold Miners Bouncing Off Support

| January 27, 2015 | Category: Price
Gold Makes Reverse H&S Breakout, Gold Miners Bouncing Off Support

The US stock market is showing increasing volatility on lower optimism for good earnings growth. Gold is continuing to gain momentum as the 20 and 50 day moving averages turn positive. A golden crossover of the 50 and 200 day could be only a week or two away. Its been a rough four years for junior mining investors as the Venture hits 2008 and 2002 lows. However, there could be a good chance from both a technical and fundamental standpoint that the correction cycle in precious metals is coming to a conclusion.

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What Is Driving This Gold Rally?

What Is Driving This Gold Rally?

Gold was down 1.72 percent at the end of 2014, but things are looking up for the yellow metal. Last week I returned from presenting at the Vancouver Resource Investment Conference, where sentiment for gold was through the roof. And with good reason. Even though gold was down last year, it still ranked as the second-best-performing currency, following the U.S. dollar. The metal has risen about 10 percent year-to-date, and last Tuesday, for the first time since mid-August, it broke through the $1,300 mark.

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Gold At Major Trendline, Miners Breaking Out

| January 11, 2015 | Category: Price
Gold At Major Trendline, Miners Breaking Out

This is a huge development in the gold space. Even if you are not a big believer in chart analysis, you simply cannot ignore the long term trend on the gold chart. The first chart below is the weekly gold chart. It shows the red line which provides tremendous resistance since mid-2012, a 2.5 year trendline. Combined with the horizontal support around $1150, there is a long term descending triangle formation.

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Rick Rule: No Capitulation In Gold Stocks Yet, Only A Nasty Sell-off

| November 5, 2014 | Category: Stocks
Rick Rule: No Capitulation In Gold Stocks Yet, Only A Nasty Sell-off

In a complete capitulation, stocks melt down dramatically and some stocks just go ‘no bid.’ That hasn’t happened yet, which means that we may be witnessing a very nasty sell-off, but not complete capitulation.

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Gold And Silver Price Crash Of 2014 Coming?

| October 31, 2014 | Category: Price
Gold And Silver Price Crash Of 2014 Coming?

Are we about to experience another crash of the price of gold and silver, as well as miners, comparable to what we have seen in April and June of 2013? We do not exclude it, given the strong trends explained above: rising U.S. Dollar on the back of a sharply declining Yen and rising equities. On the other hand, were equities about to reverse their course because the end of QE would bring uncertainty and volatility, it could well be that the metals (mainly gold) could benefit from new money inflows.

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Gold Is Extending Its October Run

Gold Is Extending Its October Run

The correction in the Dollar helped gold as the Gold SPDR GLD advanced over 5% from its early October low. The first chart shows GLD breaking the August trend line and moving back above the support break. In an interesting twist, gold is ignoring weakness in the Euro today and moving higher. While I am not sure if this will last, I would mark first support at 118 and stay positive on gold as long as this level holds. All bets are off if the Dollar breaks out to the upside.

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Gold Bullion Producers Offer A Great Buying Opportunity

Gold Bullion Producers Offer A Great Buying Opportunity

The shares of quality gold bullion producers, which have been severely oversold, offer investors a great opportunity to buy low before they sell high.

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Gold and Miners About To Face Important Test

Gold and Miners About To Face Important Test

Most of the time gold and the dollar move in opposite directions. However, in the last few weeks the dollar has been rising sharply and gold has really been moving sideways. Now our inverted dollar diffusion indicator is deeply oversold and that may provide the price of the yellow metal with an escape hatch as the dollar corrects. However, the GLD really needs to break and hold decisively above the upper area of the trading range at $130 if it is to trigger some primary bull market signals.

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Conditions In The Precious Metals Complex Are Changing

| August 28, 2014 | Category: Price
Conditions In The Precious Metals Complex Are Changing

I like the Bullish percent index change and some of the Gold stocks breaking out while Gold sits below $1300 and recently tested 2 month lows. It is starting to feel bullish. I would expect Silver and Gold to pop together with the mining stocks if this all works out.

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Oscillators In Action In Gold Bullion And Gold Stocks

Oscillators In Action In Gold Bullion And Gold Stocks

Basic technical analysis shows that mining stocks have recently reverted to their mean for the first time in about three years, while spot gold is gradually working its way back.

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