Category: Gold & Silver Stocks 2017The analysis published under this category are as follows.
Thursday, April 20, 2017
The large volume surge in DUST a few days ago was the warning bell that the miners may have topped.Read full article... Read full article...
Monday, March 06, 2017
Trapped Longs In Miners As Gold Poised For Fed Fuelled Fall / Commodities / Gold & Silver Stocks 2017
The Fed will hike rates this month and signal further hikes to come. Gold prices have yet to fully digest this reality, and therefore there is a strong case for a major move lower in the yellow metal. A Le Pen victory in France could derail the Fed’s plans for a follow up hike in June, but in the short term the gold market is vulnerable to a sharp move lower. There are a number of trapped speculative longs in the futures and mining stocks and we are approaching a period of seasonal weakness. We target a move to $1050 initially, and see merits in a larger move to $720 should the Fed persist with further hikes.Read full article... Read full article...
Monday, February 27, 2017
BY STEPHEN MCBRIDE : Gold may have ended 2016 on a negative note, but the yellow metal is now up 7% since January. A big contributor to its rise is the large inflows into gold exchange-traded funds (gold ETFs). In 2016, inflows into gold ETFs were the second highest on record and accounted for 34% of total investment demand.
With inflows showing continued strength in 2017, why should investors avoid gold ETFs?Read full article... Read full article...
Sunday, February 26, 2017
It’s a common misconception that miners always lead the metals sector. As you can see in this chart the miners often produce false signals.Read full article... Read full article...
Saturday, February 25, 2017
The early stages of Gold bull markets (this one included) are characterized by strong outperformance from the miners. They will lead the metals and turning points and register strong outperformance. We saw that in the early 2000s, late 2008 to early 2009 and we have seen it again over the past year. During the recent rebound, the miners rallied back to the “Trump” resistance while Gold is not yet close to doing so. However, unfortunately for bulls, while Gold is now pushing higher above key levels, the gold stocks are lagging. This new and recent underperformance suggests the gold stocks have made an interim peak and will remain entrenched in a correction or consolidation.Read full article... Read full article...
Friday, February 24, 2017
Gold Up 9%, Silver Up 14% YTD - Trump, Le Pen, Hard Brexit, Currency Wars Support / Commodities / Gold & Silver Stocks 2017
- Gold up 1.5% in euros and dollars this week
- Silver up 1.4% this week and now up 14.3% and is the best performing market YTD
- Gold up 9% year to date – fourth consecutive higher weekly close and breaks resistance at $1,250/oz
- Gold up 9.4% in euros year to date as Le Pen’s lead in polls widened
- Gold up another 6.4% in sterling pounds year to date as ‘Hard Brexit’ looms
- French and Dutch elections pose risks to Eurozone itself and the entire European Union project
- Euro contagion risk on renewed concerns this week about new debt crisis due to extremely high public debt and very fragile banks in Greece, Italy and Portugal
Friday, February 17, 2017
The gold miners’ stocks have blasted higher in this young new year, far outpacing the broader markets. But surprisingly gold stocks’ trading volume has diverged from their powerful rally. Volume has actually been waning on balance since gold stocks’ newest upleg was born in mid-December. While volume is a complex nuanced indicator, this bullishly suggests that major gold-stock buying hasn’t even started yet.
Naturally price action is the most-important technical indicator, exposing underlying supply-and-demand trends for anything. The shares of precious-metals miners and explorers have surged this year because investor demand exceeds supply. The capital flowing into this beaten-down sector is overwhelming the numbers of shares sellers are willing to part with, bidding up stock prices and driving their sharp rally.Read full article... Read full article...
Friday, February 10, 2017
Gold stocks are on fire this year, powering higher in market-dominating performance. This is a massive reversal from their dark fourth quarter, with 6/7ths of those losses already erased. But this strong new upleg still remains young and small by historical standards. Gold stocks’ recent rally is only the vanguard of another major bull-market upleg. This sector’s bullish technicals reveal vast upside potential from here.
The gold miners are a small contrarian stock-market sector that isn’t widely followed. Hearing about how the gold stocks are faring in the mainstream financial media is pretty rare. So this sector generally flies under the radars of the great majority of speculators and investors. That’s rather unfortunate, because the gold stocks have enjoyed some of the greatest gains in all the stock markets in this young century.Read full article... Read full article...
Thursday, February 02, 2017
Weaker US$ Could Send Gold & Gold Stocks to Higher Targets / Commodities / Gold & Silver Stocks 2017
Gold has underperformed both in nominal and real terms. Last week it formed a bearish reversal in nominal terms and against foreign currencies. However, the good news for bulls is the US Dollar Index lost support at 100, due to the Trump administration’s tough talk against Germany (and the Euro). Couple that with no movement from the Fed and the greenback should continue its decline, thereby juicing the current rebound in Gold and especially gold stocks.Read full article... Read full article...
Friday, January 06, 2017
The gold miners’ stocks are rocketing higher again after suffering a rough few months. Following sharp selloffs on gold-futures stops being run, the Trumphoria stock-market surge, and a more-hawkish-than-expected Fed, this battered sector had largely been left for dead. But gold stocks’ strong fundamentals finally overcame the dismal herd sentiment last week, paving the way for this sector to shine again in 2017.
This “shine again” assertion likely seems dubious to casual observers, since the gold miners’ stocks suffered a miserable Q4’16. The leading HUI NYSE Arca Gold BUGS Index plunged 21.1% in a quarter where the benchmark S&P 500 broad-market stock index surged 3.3%. Naturally gold miners’ profits are fully dependent on gold prices, and this metal fell 12.7% in Q4 which proved one of its worst quarters ever.Read full article... Read full article...