The HUI chart (previous update) does not show gaps or volume. The GDX chart does. As yet, GDX volume is not showing much conviction. Although the price is pointing upward.…
It's not the biggest news in the world, and the macro is potentially turning adversarial to gold stocks. But in the event that the sector is to get back on…
If it's going to bounce, this would be the ideal level. The stock market has barely begun to pull back, but the precious metals and other metals have led the…
We have been watching for an end to the correction in the complex, as would be led by silver. So let's update silver's status (as it gets hammered this morning),…
The Silver/Gold ratio exploded higher after a long post-crash base. "That is usually a sign that the basing phase is done and a up-phase is taking place." - Captain Obvious…
I went over to the Indicator Charts page and fiddled around a little. I added 50 and 200 day moving averages to the GDX/Gold ratio and came up with a…
GDX did indeed roll over and crack the SMA 50, as we had been watching for. Then there was a day of bouncy relief before today's renewed downside. The A-B-C…
I don't know what the reason may be. Warren bombing Warsh? The typical cease fire on/cease fire off war wrangling. A combo? Or maybe just the technicals, which were and…
Before getting into the technical targeting of this update, I want to repeat that the macro view for gold stocks is different this year than it was last year. In…
Yesterday GDX poked the target zone of 108-110. Now it is decision time. Reviewing the factors in play, we anticipated that a bounce could very well coincide with earnings season,…
We had a long and prosperous rally in gold stocks for the right fundamental reasons. When the Silver/Gold ratio bottomed and turned up it introduced inputs of massive speculation and…
Gold stocks rally with the broad market, and continue leading it The gold stock sector has not been unique since the spring, when it was relatively strong while cyclical markets…
I don't want to use holiday seasonals or any other excuse. In being open to, even favoring a hard decline to clear the sentiment pipes, if the Silver/Gold ratio takes…
The preferred theme for the precious metals has been for a test of the highs. Gold made a bounce to 4245 vs. the previous (and all-time) high of 4381. GDX…