Precious Metals We noted that 1524 is critical resistance for gold. At yesterday's close it resided at 1475, having risen $150/oz. over the last 2 weeks on an upside reaction…
Earlier we noted 275 (a 50% Fib retrace of the rally) as the lower tolerance of the 'normal' zone on today's pullback. If HUI finishes the day as it currently…
Broad Market The Semiconductors and Small Caps are considered leaders and have led the rally out of the Fiscal Cliff hype from Q4, 2012. Here is an update of their…
All is normal on the 60 minute chart. The rally off of last week's capitulation will continue to target the gaps at 300 and/or 320 if that remains the case.…
Well, we have had some nice data coming in that points to a would-be economic deceleration (save for this morning's positive jobless claims report). Yet the chip makers have popped…
Huey did what it needed to do as a first - and big - step in negating yet another potential bear flag, as it closed above 280. This morning (6:05…
Let's remember a theoretically important aspect of the gold sector investment case... economic contraction, which would drive up the real price of gold as measured in commodities. Durable Goods orders…
Given that the gold-silver ratio continues to rise (implying a coming liquidity contraction) and gold vs. the CCI commodity index tanked to the weekly EMA 300 and bounced (per chart…
Excerpted from this week's edition of Notes From the Rabbit Hole, NFTRH 235: Is Gold as an Investment Finished? Before delving deeper into that question, perhaps we should see what…
Here is a daily chart of the GDX. Last week's huge volume has thus far not been followed up with anything dynamic to the upside. In fact, the activity looks…
Due to a commitment I made to my wife (some commitments have got to be kept, or else!) I may not have much time in front of a computer today. …
The chart is fairly self-explanatory. Huey is settling a little this morning after a strong start and could fill the opening gap and still remain on track for the noted…
We are well past amateur hour and heading toward day's end and the HUI (senior gold stocks) is still holding strong with today's recovery off of the capitulation into yesterday's…
Folks, it's a falling knife. It is also at a target zone (250 to 260) and deeply over sold. A certain mine developer in Ghana is selling for well below…