Precious Metals

First published on Sun Aug 13 for members of  Reading most metals analysis in 2017 has been like watching a tennis match with the analysis going back and forth over the net between bullishness and bearishness.  As the market reaches
The outlook for precious metals has changed quite a bit over the last month. In early July, gold and gold stocks were weak and threatening severe breakdowns below key levels such as $1200 gold and $21 GDX. Those moves reversed course and now gold and gold stocks are thr
First published on Sun Aug 6 for members of  As I read posts across the internet, I see utter disgust with the metals complex.  It seems this sideways action in 2017 has worn investors out.  I have seen many cash in their chips
Some time ago we discussed the analogies in the silver market…and the implication of the analogies was that a big decline should follow. However, we have not seen anything epic on a medium-term basis – only a local (yet powerful) intra-day slide. Was the analogy invalid
This past week, the GDX has finally taken out its resistance at 22.65, and provided us with some semblance of an impulsive structure off the recent lows.  However, the micro structure it is not the cleanest of structures, similar to silver.  Yet, as lon
When forecasting the price of silver, we often have to look at long-term trends or even review previous months to get a context for where the price may be headed. But this silver forecast will be different. Not only is there interesting movement in the price of silv
After starting off the morning on a sour note, precious metals have taken an upswing back to where the latter end of this week seems to be pointing: there is indeed some optimism for both gold and silver. There may even be optimism extending beyond that, even throug
First published on Sat Jul 15 for members of  While I would love to suggest that we have begun the next larger degree rally already, the market has not provided me with strong indications that is going to be the case just yet.  While
First published on Sat July 8 for members of  As I see many metals investors and traders begin to throw in the towel, I wanted to take this opportunity to again explain why I will not count myself amongst them just yet.  However
The price of precious metals has been relatively stable for the opening half of 2017, but it appears that the markets are slated to bring gold and silver down to size, at least as we open the second half of the year. This morning, gold is already down a considerable