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przemyslaw-radomski

Miners’ Refuse to Follow Gold Lower

October 9, 2018, 8:17 AM Przemysław Radomski , CFA

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Yesterday’s session started in the red for gold, silver, and mining stocks, but only the metals ended the day lower. The mining stocks reversed and both: GDX ETF and HUI Index ended the session higher, thus showing significant strength. The inverse head-and-shoulders pattern is not complete, but given this kind of strength, it could be complete shortly. But is it likely?

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Gold Market Overview

Quarter, year, and ten years. That’s what we are writing about in this edition of the Market Overview. We start with the summary of the third quarter of 2018 and our outlook for the end of the year. Next, due to the 10th anniversary of the Lehman Brothers’ bankruptcy, we present lessons from that event for the gold investors. We also offer an update on the quantitative tightening. Last but not least, we analyze whether POTUS can reduce the Fed’s independence. The weakening of the US central bank could alter its monetary policy and the gold market – but is it possible? Let’s read our monthly report and find out!

Read more in the latest Market Overview report.

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