Tag: psychological analysis

Gold and Silver Stocks are currently deeply undervalued, is this a once in a lifetime buying opportunity?

Gold and Silver Stocks are currently deeply undervalued, is this a once in a lifetime buying opportunity?

A lot has been written lately about the undervaluation of the Gold & Silver mining stocks. One has not to look further than the charts of the major gold & silver indexes like the XAU, HUI or GDX,  and compare them with the broad market indexes like Dow Jones Index or S&P 500 in the US or similar indexes worldwide. The picture becomes even worse when looking at the junior mining companies in the GDXJ. It seems like the gold & silver mining sector missed the rally of Q1 2012. One could ask himself how that’s possible, given the good to outstanding results that a lot of mining companies reported […]

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Bullish Gold Technicals

Bullish Gold Technicals

Gold has been weathering some considerable selling pressure lately, which has naturally turned sentiment quite pessimistic. Bearish commentary abounds, with all kinds of predictions for further declines. But as is usually the case after any material selloff spooks traders, gold’s technicals are actually very bullish today. Gold’s next move will likely prove to be a major rally. Gold’s latest selloff started on February 29th when the Fed Chairman’s testimony before Congress convinced traders that a third round of quantitative easing is becoming less likely. Gold plummeted 5.1% on this latest in a long line of irrational QE3 scares, its biggest down day since the stock panic. Over the 6 weeks […]

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Gold QE3 Scares

| April 9, 2012 | Articles: Insights
Gold QE3 Scares

Sellers hammered gold again this week on news from the Fed. The minutes from its latest FOMC meeting convinced traders the odds for a third round of quantitative easing are waning. This was the latest in a long line of QE3 scares that have become the bane of gold’s existence. But they are merely a distraction from the Fed’s ongoing massive monetary inflation behind the scenes, which is very bullish for gold. Gold has suffered much from QE3 scares. This week’s FOMC minutes drove it 3.4% lower in 2 trading days. On the last day of February, gold plummeted 5.1% after the Fed Chairman’s testimony to Congress made QE3 look […]

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Gold’s Decade-Long Bull Run is Dead

Gold’s Decade-Long Bull Run is Dead

…says Gartman.  From Forbes entry in the ‘Running of the Goldbugs, 2012′ sweepstakes: Bernanke delivered the fatal blow to gold’s ten year bull market, according to Dennis Gartman.   Gold has been in bear territory since the summer of 2011, when it topped out above $1,900 an ounce, with the latest post-FOMC sell-off inflicting irreparable […]

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