Precious Metals

Gold Prices This Week and Next Week’s Outlook Well, we are on the same old theme with respect to the precious metals; silver remains in a favorable Commitments of Traders (CoT) stance in its own right and also as compared to gold. As yet this has not manifested i
We have been here several times before over the last year.  The market has bottomed, provided us with a strong rally, but has failed to confirm the major break out for which we have been looking.  As I noted over the weekend, the 144-minute silver chart
Silver was just breaking to new highs, gold stocks (HUI) were above the 205 level and gold was at levels not seen since August 2016. Gold and silver bulls were cheering. They are not cheering anymore. Even though the above was the case just several days ago, it was all
For those that follow me regularly, you will know that I have been tracking a set up for the VanEck Vectors Gold Miners ETF (NYSEARCA:GDX), which I analyze as a proxy for the metals market. I believe that the GDX can outperform the general equity market once we conf
For those that follow me regularly, you will know that I have been tracking a set up for the VanEck Vectors Gold Miners ETF (GDX), which I analyze as a proxy for the metals market. I believe that the GDX can outperform the general equity market once we confirm
While gold is very close to a major breakout (in price) its strength has not filtered down to silver yet. Gold is 3% away from a major breakout and comfortably above its long-term moving averages. However, Silver is well below its 2016 high and is currently battling its
The precious metals sector moved higher in the first days of this year. However, based on yesterday’s decline and the current price levels, 2018 is already a down year for silver and mining stocks. Gold is almost flat. This is a subtle clue that the rally may have alrea
First published on Sunday Dec 31 for members:  While I am unable to answer the question in the title of this update definitively, I will show you what the market has to do in order to answer the question in the affirmative.  But, first I want to reflect
For those that follow me regularly, you will know that I have been tracking a set up for the VanEck Vectors Gold Miners ETF (NYSEARCA:GDX), which I analyze as a proxy for the metals market. I believe that the GDX can outperform the general equity market once we conf
Recent Gold Price Action The last week has seen the metals and miners drop down into support regions. As I write this, we are sitting just over major support for most of the charts I follow. Whereas the GDX likely provides the cleanest pict

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