Precious Metals

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
First published on Wed Nov 29 for members of  The question in the title is one of the most frequent comments I have been getting of late.  And, the answer is quite simple:   They are not doing anything right now.  In f
After significant movement into the mid-$17 per troy ounce range, silver took a steep dive back to its “hovering” price as of late, ultimately winding up close to $17 per troy ounce on the day for Monday. Gold’s recent gains have been erased as well, which points to som
Although silver has seen relatively low volatility as of late, given the history of the precious metal, there are some in the markets who believe that the best is yet to come. In fact, there was a recent splash of news when analysts for TD Securities deemed silver a
Briefly: In our opinion, full (150% of the regular full position) speculative short positions in gold, silver and mining stocks are justified from the risk/reward perspective at the moment of publishing this alert. In our previous free analysis we discussed the silve
First published on Sunday Nov 5 for members:  In recent weekend (Oct 28-29), I tried to explain why it looked as though the metals market has been telling different stories in the various charts I follow.  And, in my mid-week update, I explained this a bit
There is no doubt that the action we have experienced in the metals complex in 2017 has been exceptionally frustrating, especially as the market presented us with several break out set ups that did not follow through.  And, when a larger bullish structure prese
First published on Sunday Oct 22 for members of  Yes, I still think we can push one more rally out of this market, but there is no question in my mind that risks have risen, as I have now been writing for over a month.  When the GDX