April 20, 2018, 7:39 AM
The USD Index finally rallied yesterday, confirming this week’s apex-based reversal and one would expect the precious metals sector to decline in such a case. But it didn’t. In fact, silver moved even higher. How bullish was yesterday’s strength in the precious metals sector?
April 19, 2018, 8:01 AM
Saying that yesterday silver moved higher outperforming gold is like saying that completing a triathlon makes one tired. It’s not a lie, but it doesn’t convey the entire truth either. The white metal soared in a spectacular way yesterday and what’s even more impressive than the rally itself, is that the rally relative to gold and mining stocks was even more profound. It's usually the case that the entire precious metals market moves higher together, but yesterday’s action was all about silver. What’s next?
April 18, 2018, 10:35 AM
April 18, 2018, 9:35 AM
Mining stocks showed strength recently, but it was not the case yesterday. Yesterday, silver took the lead, while gold and mining stocks took a breather. In fact, the white metal closed the day at a new monthly high. What can we infer from the above?
April 17, 2018, 7:19 AM
Gold didn’t rally based on the airstrikes in Syria, and it didn’t rally based on the decline in the USD Index. That tells us a lot about the near future of the gold market and the specific confirmation from the euro makes the outlook for the next two weeks quite clear.
April 16, 2018, 7:28 AM
The strength in gold stocks was not a one-day event. Despite the daily reversal that we saw during last week, gold miners managed to close the week at a new monthly high. In fact, Friday’s close was the highest close in the GDX ETF in 2 months. The HUI to gold ratio increased significantly in the last few days as well. The strength in mining stocks seems to be indicating that the rally in the entire precious metals sector is only beginning. What’s next?
April 13, 2018, 7:36 AM
In the last few alerts, we thoroughly discussed the situation in the precious metals market, explaining the likelihood of seeing reversals, and pointing to confirmations of such reversals, once they have indeed taken place. But, one of the factors that confirmed the bearish picture was the weakness in mining stocks. The latter just refused to close below Tuesday's closing price, even though gold and silver did. Is this strength telling us something? You'll find details in today's Alert.
April 12, 2018, 9:14 AM
Yesterday’s session was very surprising to many gold investors. Why did it rally so much? Why did it decline before the end of the session? Why did we see a huge reversal all of the sudden? But not our subscribers. By reading our analyses, you had already known that this was the reversal week, so all that happened yesterday was quite normal. What’s next?
April 11, 2018, 3:20 PM
April 11, 2018, 9:39 AM
We received quite a few interesting questions from our subscribers recently, so today’s alert will take the form of a bigger Q&A panel. We’ll start with the question that nobody has asked yet, but addressing which should be particularly informative. “OK guys, we were supposed to have a decline in the precious metals market and instead we saw a move higher in gold and silver – what’s going on?”
April 10, 2018, 8:02 AM
In yesterday’s alert, we wrote about the reversals in gold and gold stocks, but instead of a coherent decline in the entire precious metals market, we witnessed a move higher in gold and silver, while mining stocks declined. Was the only impact of gold’s triangle-apex-based reversal pattern, the reversal… to the upside that we saw early during yesterday’s session? Are the implications actually bullish? The very important sign for the silver market that nobody has commented on so far suggests that the major move is much closer than everyone thinks. The tensions are very high and today’s alert provides a roadmap for the following weeks.
April 9, 2018, 6:28 AM
Gold and gold stocks’ reversal is upon us. The triangle-apex-based reversals in both parts of the precious metals sector suggest that the direction of the market is about to change. There might a problem with the interpretation of this signal, because the most recent medium-term move was a consolidation, but there is a very simple method that allows one to check what the true implications really are.
April 6, 2018, 7:47 AM
In the previous analyses, we emphasized that the situation in the Euro Index was very tense as it was sitting on an important, medium-term support line. We wrote that a breakdown below this line, could trigger the decline in the precious metals sector. We saw the breakdown in the Euro Index yesterday, but instead of a decline, we saw a bullish reversal in mining stocks. Which sign should one trust? What trading position is justified in light of both developments?
April 5, 2018, 6:51 AM
Gold soared yesterday, likely based on the escalation of the trade conflict between the U.S. and China, but after several hours the rally was over. The tensions didn’t really subside, but the price of gold is already about $10 below the price at which it was trading when yesterday’s rally had started. Is gold trying to say something? No. It’s not saying – it’s screaming.
April 4, 2018, 9:02 AM
It was easy to get excited about Monday’s rally. Gold and silver soared, and the latter even moved to its late-March highs during just one session. But it was all fake, and you knew it – that’s what we explained in yesterday’s analysis. GDX even declined more than it had gained on Monday, underperforming gold once again. Is there anything that could prevent gold’s decline?
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