Category: Gold and Silver Stocks 2015
The analysis published under this category are as follows.Friday, March 20, 2015
GDXJ / Gold Ratio / Commodities / Gold and Silver Stocks 2015
This key predictive ratio continues to struggle when it comes to gaining upside traction. It remains below the starting level of the year.
The HUI/Gold ratio looks a bit better but certainly nothing to write home about.
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Thursday, March 19, 2015
Gold and Silver Currency Wars and Credibility Traps / Commodities / Gold and Silver Stocks 2015
The Fed not only blinked today. They were twitching like someone afflicted with Tourette's syndrome.
The reasons are pretty clear.
The Fed had to take out the word patient today, or lose all credibility, and risk scaring the markets back into reality.
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Wednesday, March 18, 2015
Gold and Silver Mining Stocks Consolidate Before Next Big Move / Commodities / Gold and Silver Stocks 2015
Briefly: In our opinion speculative short positions (full) in gold, silver and mining stocks are justified from the risk/reward perspective. We are keeping the stop-loss levels at their current levels, which means that we are effectively keeping some gains locked in and at the same time we're allowing the profits to increase.
Mining stocks have been trading sideway for several days now and the decline seems to have paused. We can infer something from this pause based on an event that accompanied it. Is the decline over or exactly the opposite - is it about to continue?
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Friday, March 13, 2015
Will Warren Buffett Really Let Gold Stocks Deep Value Slip By? / Commodities / Gold and Silver Stocks 2015
Right now, even the staunchest gold investors are weary of the years-long drubbing the gold price has taken since its $1,921 peak in August 2011. Whether the frustrating experience is the work of a market-rigging conspiracy, government manipulation of data to hide inflation, those blindingly loyal Keynesians who keep pounding us with messages that gold is nothing but a “shiny bitcoin,” or the gullibility of mainstream investors who tell themselves that, gee, since Warren Buffett is a billionaire, his “gold has no utility” mantra must be right, it hasn’t been fun. The nasty downcycle has offered no respite.
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Monday, March 09, 2015
Gold and Silver Stocks Impulse Move? / Commodities / Gold and Silver Stocks 2015
In this report I would like to show you some charts for the PM complex in which we finally got some answers to some pressing questions that needed to be answered. The break below the brown shaded support and resistance zone – double bottom hump on the PM stock indexes, now gives us confirmation that the support zone is now negated and the bears are back in charge. The bulls failed miserably last Friday to defend that most important area and are now in retreat. They may put up a small temporary skirmish over the next several days but that's all they'll be able to do. Our job now will be to short into any strength.
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Monday, March 09, 2015
Gold Commitments of Traders Report - Speculators in a World of Hurt / Commodities / Gold and Silver Stocks 2015
Methinks the continued persistence of the entire speculative crowd (Hedge Funds, Large Reportables and the General Public) in remaining on the long side of the gold market must be due to excessive exposure to the plethora of gold perma-bull websites. There really is no way to explain this in my view as the charts are quite clear and have been for some time now.
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Thursday, March 05, 2015
Gold Miner Index Breadth Oscillator, Forward Reckoning® / Commodities / Gold and Silver Stocks 2015
Nicholas Migliaccio writes: Target of opportunity, QWK PDAC Show Review for you, in 4 lines:
NEM rep confirms ABX was close to making offer, & still possible in 2015.
Sentiment = wary, not depressed like last year.
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Monday, March 02, 2015
Gold and Silver - What If the Precious Metal Stocks Bulls are Back / Commodities / Gold and Silver Stocks 2015
Every now and then I’ll do a post on "What If" something is changing or not following along with what the original Chartology was suggesting. I have to keep an unbiased opinion and follow what the charts are saying. Sometimes it’s easier said than done. I know many of you were surprise when I exited the Kamikaze Stock last Friday. Believe me it’s not what I wanted to do but the short term charts are suggesting there maybe be a little more upside price movement left in the PM stock indexes.
Lets start with the daily chart for GDX which I showed you last week that has the 5 point triangle reversal pattern. I pointed out the the GDX was bouncing between the double bottom hump at 20.20 and the bottom rail of the 5 point triangle. This went on for eight days or so with no conviction either way. I said this is where we’ll see how strong the bulls are. As long as the price action stayed below the bottom rail of the 5 point triangle the bears were in control. It doesn’t look like a big deal on this daily chart below but you can see the GDX closed above the bottom rail of the blue triangle telling me the bulls may have more strength than I gave them credit for.
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Friday, February 27, 2015
GGD Going for Mexican Gold / Commodities / Gold and Silver Stocks 2015
Mexico’s massive precious-metals belts are some of the world’s finest. As global #1 in silver production they are obviously quite well known for the shiny-white metal. But these belts have also been flexing their gold muscles recently, placing Mexico among the world’s top-10 producers.
Mexico really has come a long way over the course of gold’s bull market. Back in 2003 there were actually 20 other countries producing more gold. But with prices trending higher after a long bear, this country’s favorable geology, generally-friendly geopolitics, and mild climate/physiography started attracting attention. And the exploration cycle that followed has yielded numerous discoveries.
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Friday, February 27, 2015
New Greece Drachma Revealed Amid Bank Runs - Greeks Buy Gold Sovereigns / Commodities / Gold and Silver Stocks 2015
- Greece warns may default on IMF loan next week
- Greek bank runs continue and deposits flee
- German Bundestag votes for bailout extension
- Syriza agree to a bailout extension of four months, in return for concessions yet to be approved by the EU
- Questions over Syriza negotiating a weak deal despite it’s strong position
- Greece and EU buying time to arrange orderly “Grexit”?
- Greece has printing presses poised to print newly designed Greek Drachmas
- Greeks buying gold bullion
Friday, February 27, 2015
Gold vs Gold Stocks: Bullish Anomaly Developing? / Commodities / Gold and Silver Stocks 2015
Over the past few months, mining stocks have returned to offering excellent leverage to the advance in prices for precious metals. Yet, during the recent pullback, the downside leverage has been absent. This is atypical behavior as mining stocks usually lead the metals and generate leveraged gains (or losses). This could be a bullish development, suggesting that investors in mining stocks believe they have the seen the bottom and are unwilling to sell despite the recent dip in gold prices.
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Monday, February 23, 2015
Gold and Silver Stocks or General Stock Market Indices? / Commodities / Gold and Silver Stocks 2015
I would like to start this Weekend Report by looking at the HUI:SPX ratio chart I posted late Friday night that shows a time objective out to October of this year. If both the time and price elements play out according to this ratio chart then the HUI should be close to a major bottom making a round trip from bull market to bear market and back to a bull market again against the SPX. There doesn't have to be a V bottom as good bottoms take time to build out.
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Sunday, February 22, 2015
U.S. Dollar and Investing in Gold Stocks / Commodities / Gold and Silver Stocks 2015
Duck Quacks and Golden Echoes - The US Dollar, on a slippery slope for years, has reversed and broken out against every major currency and developing economy currency . A global wide quantitative easing (QE) is happening. Almost every central bank (Sweden's Riksbank became the 14th central bank to ease monetary policy in 2014) is now creating money as fast as they can potentially leading to a global liquidity storm.
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Friday, February 20, 2015
Gold Price & Gold Stocks Near Term Prognosis / Commodities / Gold and Silver Stocks 2015
Precious Metals have had an interesting week. Both Silver and the gold stocks rebounded off their 50-day moving averages only to do a 180 the following day. Meanwhile Gold has given back most of its January gains. In this missive we consider the near term outlook for Gold and the gold stocks.
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Thursday, February 19, 2015
How Gold Investors Can Take Advantage of a Rising Happiness Index / Commodities / Gold and Silver Stocks 2015
The bottom is in, says Gwen Preston, founder of the Resource Maven, but the next bull market in gold hasn't yet arrived. In this interview with the The Gold Report, she argues that investors should concentrate on finding likely takeover targets and explains that these companies are often distinguished by strong investor and institutional backing. She identifies four such companies, as well as highlighting two exciting explorers and the one gold major best positioned for a robust recovery.
The Gold Report: You have doubled down on your declaration that "Nov. 5 was the bottom for gold and gold equities." What makes you so certain?
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Tuesday, February 17, 2015
HUI Index: Bull Pullback or Bear Rally? / Commodities / Gold and Silver Stocks 2015
Call us Gold Bugs if you wish - it's OK - really.
We have a firm belief that the precious metals, Gold and Silver, are the only real money on planet Earth. We also believe the metals are in a secular bull market that has several more years to run.
Yes, holding these opinions places us in a minority group that is way outside the mainstream of financial "thinking".
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Saturday, February 14, 2015
Gold And Silver – A Telling View Through ETF Charts / Commodities / Gold and Silver Stocks 2015
The changes going on in the world continue to accelerate, but changes that directly relate to gold and silver are hard to find and correlate to developing price activity. This was addressed in the first two paragraphs of last week’s article, Forget The News, so there is no need to repeat how fundamental news is not driving price.
None of the fundamentals are reliable for market timing, charts being preferred for that aspect, and even the charts are not indicating the “when” will gold and silver embark on a change in trend. With an overload of news events, a shorter read of what is going on in the markets via the charts makes more sense.
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Friday, February 13, 2015
A Few Positive Fundamental Developments for Gold Mining Stocks / Commodities / Gold and Silver Stocks 2015
For the most part positive fundamentals (for gold mining companies) refers to rising Gold prices. However, this neglects the things under the surface which can affect margins as much as headline prices and in some cases more.
In the chart below we plot Gold priced in Canadian Dollars, Gold against Oil and Gold against Industrial Metals. Before we get to the chart let me explain why these ratios are important. First, the vast majority of gold mining firms are headquartered in Canada. The loonie is their local currency. The Canadian Gold price for firms that operate mines in Canada or explore in Canada can be more important than the US$ Gold price because their costs are in Canadian Dollars and not US$’s. Thus, a weak loonie rather than a weak US$ is a benefit.
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Wednesday, February 11, 2015
Gold Stocks Bear Market Phase Isn’t Over Yet / Commodities / Gold and Silver Stocks 2015
Background
This year has started brightly with gold, silver and the miners all posting sharp gains. This sudden move upwards brings with it much jubilation with many believing that the illusive bottom is now in and therefore behind us. One day they will be correct with this synopsis and the precious metals sector will take off generating huge profits for its participants.
Sunday, February 08, 2015
Gold and Silver Precious Metals Sector Pitchfork Analysis / Commodities / Gold and Silver Stocks 2015
Bryan Post writes: Gold and Silver had become overbought in recent weeks along with many of the mining stocks. On Friday the sector took a turn lower with Gold and Silver both dropping through major support levels.
Our trading plan doesn’t allow for shorting the precious metals sector so at this point we are waiting for the pullback to complete before taking new positions.
If you are accumulating the sector on weakness these symbols are displaying relative strength: NEM, SLW, CDE, HL and PAAS.
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