April 30, 2018, 5:31 AM
The USD Index reversed in a quite clear way on Friday and gold rallied. It looked like a great bullish combination for the precious metals sector, but was it really one? Gold moved higher on volume that was lowest since the beginning of the year and this means that Friday’s rally shouldn’t be taken at its face value, but instead it should be closely inspected. Moreover, silver just did what was previously followed by big and volatile price moves in all recent cases. What can we really infer from it?
April 27, 2018, 6:24 AM
In the previous alerts we wrote about the mining stocks’ strength and why it was not really important because it was just a very short-term event. But during yesterday’s session we saw the mining stocks’ strength once again and it was more profound than what we had seen previously. Namely, miners closed the day higher even though gold and silver closed it lower. What does it mean? Should we prepare for a rally?
April 26, 2018, 6:43 AM
Gold and silver declined as the USD Index rallied, but mining stocks showed strength by not declining below the Monday’s low. Are we seeing the early signs of a bullish reversal?
April 25, 2018, 7:06 AM
During yesterday’s trading, we saw a small rally in metals and miners, which doesn’t seem to be anything special at first sight, especially that the precious metals market had declined substantially on Monday and thus a small corrective upswing was a rather natural development. But the HUI rallied by about 1.4% and the GDX ETF almost erased the entire Monday’s decline. Did the outlook just change?
April 24, 2018, 7:28 AM
Silver’s anniversary decline was a very profitable move for those who prepared for it. Gold and miners declined as well, while the USD Index closed at a new monthly high. The real big move seems to have begun. What’s next? When are the precious metals likely to form at least an interim bottom?
April 23, 2018, 6:24 AM
The silver volume that we saw last week was huge and we don’t mean only the one that accompanied the sizable daily price spike. The volume was huge also if we take the entire week into account. In fact, there was only a single week when silver rallied on volume that was bigger than what we saw during last week’s rally – ever. That was the 2011 silver top, when the emotions reached their zenith. But surely that was just a coincidence as there’s nothing else that connects these cases, some will claim, forgetting about the thing that is more important than price – time. The 2011 top formed on Monday, April 25th. You’re are reading this on Monday, April 23rd. Time is almost in perfect tune. Will this be a happy anniversary? It will, for those who are prepared.
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
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