Gold News

First published on Sunday Jan 14 for members of ElliottWaveTrader.net:  In 2017, the word “disappointment” took on a new spelling – “G-D-X.”  After several failed break-out attempts in 2017, there is no question that it provided us a year of frustration.
The rebound in the precious metals sector continues. Friday, gold pushed to another new high, near $1340/oz. Gold stocks led by the HUI Gold Bugs Index and GDX also made a new high with juniors and silver right behind. The greatest traders say the move comes first and t
From last week’s article, Recent Strong Rally In Gold And Silver Prices Deserves A Break…Correction … “…while there could be some grind or a pullback at resistance, the sector could have another push higher later on in January.” Here yet again is one of the gu
Welcome to 2018 – a year that will be the culmination of at least 105 years of mismanagement of the Western financial system by governments, central bankers and the elite. 2018 will be a year of major volatility in many markets. Stocks are now in a melt-up phase and
Having observed the strength of gold’s surge following the successful retest of its long-term 2011 – 2017 downtrend three weeks ago, the theme for gold now becomes one of working to overcome 2016 highs over the intermediate term. Our focus must therefore change from
The rally in gold and gold mining stocks easily surpassed our expectations and targets. The strength has been far more than we anticipated. The gold stocks blew past their 200-day moving averages while gold blew past $1300/oz. Now it is time to take a technical look and
Gold Prices This Week And Next Week’s Outlook To review the events leading up to the current situation, we had viewed the early December breakdowns below support in gold and silver as potentially false ‘whipsaw’ breakdowns. The reasons were the oncoming bullish s
Gold moved visibly higher during the first session of the year and this time mining stocks accompanied it. In fact, it seems that they are back on the track after a short pause. What’s the likely reason behind this year’s rally and what does it imply going forward? L
1. There are very few sellers left There were very few sellers left in January 2016 when the devastating “forever bear” was about to end. Six months later and a 150% rebound in the large caps and 200% rise in the juniors (GDXJ) provided sellers an opportunity. They d
In an NFTRH subscriber update last week we noted that the precious metals rally has just about reached anticipated ‘bounce’ levels (using the HUI Gold Bugs index as one example, the 195 area has a confluence of resistance) and that some volatility can now be expecte

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