Gold News

In yesterday’s alert, we wrote that the situation could change quickly and that in such a case, we would send another alert. Six minutes after yesterday’s opening bell, we already posted the second alert. And for a very good reason. The USD Index took a deep dive and me
Gold Prices This Week And Next Week’s Outlook Gold and the precious metals sector remain in a still-intact short-term uptrend within a seasonal rally that could run through January. However, the best of the short-term rally may already be in for the gold price
The world is now between Scylla and Charybdis or between two evils. Thus, there is no solution or positive outcome of the present state of the world economy. Scylla is the rock or the six headed monster whilst Charybdis is a whirlpool or a black hole (a hard place).
Metals and Miners are keeping us on our toes; they rarely make it easy. Gold and silver prices appear to be consolidating, but miners look a bit scarier. I outline critical levels for GDX, GDXJ and the XAU. I'll keep a close eye on the structure and update as the tr
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

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