Gold mining is a counter-cyclical business. During economic (and inflationary) down cycles gold out-performs industrial metals, oil/energy, materials, stocks, etc. Insofar as commodities and materials contribute to gold mining cost…
In Thursday morning's update we projected the initial support levels for HUI at 290 and 282, the second of which is better support because it has a much thicker visual…
A simple update showing the world (ex-US) vs. the US market in light of the punitive (to the wealthy and US corporations) Biden tax plan that should come as no…
Just another update micromanaging the ongoing bounce in the metals and Gold Bug index. Gold has reached the top of the original channel we have been following, but I've added…
If we used the speculative and inflation/reflation-sensitive TSX-V index on the way up we should also use it on the potential way down. For newer subscribers, this was used as…
After VIX broke down to fill the 2020 fear gap we noted two new support areas, and the first of those at 15 (actually 15.38) has been hit today. From…
Daily charts of gold, silver and HUI Gold is further on track this morning per our bounce theme. In taking out the SMA 50 it looks like the channel top…
In yesterday's Trade Log I noted a gut feel that the pullback/corrections in the reflation trades may be ending. Exhibit A: The Copper Miners ETF, COPX. I see this bullish…
Long-term yields are up this morning and to no surprise at all gold and silver are pulling back. Recall that our view for a gold bounce coincides with the current…
I don't make predictions because I think they are the stuff of promoters and/or egomaniacs. But I want to put up a post with the cop out "if I were…
On March 29th we noted a hint in the HUI/Gold (GLD) ratio. Today, it has progressed to a positive looking indicator. In fact the pattern looks a lot like the…
A simple look at the pre-market futures charts of gold and silver and HUI's status at yesterday's close. Gold is thus far holding to the 'retest of the lows' and…
Gold has made a test of the lows, as expected after it dropped from the bear flag. The expectation was for a test of the lows or a marginal new…
We have managed the 30yr yield Continuum all the way up to the caution area (2.5% to 2.7%). I believe that there will likely be higher to go in yields…