Just a quick snapshot of the HUI after a churning, grinding Monday that did not feel bearish to me. The 60 min. chart we had been watching held the support…
Last update of the day, I promise. ;-) This view is enlarged from the previous one shown and with an hour to go, Huey is holding the line. The lack…
The 60 minute chart shows a support level that it should hold to avoid a growing risk that the gap will fill. A consistent characteristic of the 8 month bear…
Yesterday we reviewed some reasons why the precious metals could be on a rally that is something better than the previous failed bear flag rallies. Today we balance that with…
Precious Metals The discount to NAV at which Central Fund of Canada's gold and silver was selling on the open market was noted in a public post yesterday: They Hate…
The growing conviction on the 'taper to carry' plan has helped me hold onto the KRE and IAT Regional Bank ETFs, but they are very over bought on both daily…
Crude oil as represented by the USO fund, is breaking out today. The Gold-USO ratio is declining. This is a trend that does gold mining no favors whatsoever, fundamentally, since…
Here are 60 minute charts of some widely followed precious metals items, RGLD, SLW, GG and GDX. Each shows what is thus far a normal (if anything is ever normal…
Gold has been hammered to a hair below 1200, with 1150 but a drop in the bucket now for battle tested gold bugs. More interestingly, silver is green and more…
It looks like the opposing action of gold and silver to the stock market will come into play soon. With the metals free falling (conveniently right to what look like…
Precious Metals - Swoosh This morning's update was going to be a normal, pre-market notes type of thing. Then I saw gold and silver down more than $50 and $1…
First the disclaimer: I have tried my best to keep subscribers abreast of the risks for the last half a year or so. HUI is now 240 points lower than…
The preferred scenario is for the market to bounce to the equivalent of the 50 day moving averages on the SPX (currently 1614 & 1618), per this morning's pre-market update. …
Bonds T bonds broke down hard as 'taper' hysteria hits home. We might again question whether this is due to the Fed's supposed decision to one day taper or a…