Recent commentaries

Mining stocks have been rallying strongly recently, but without analogous action in the main stock indices it seems that miners' outperformance relative to gold is over or is about to be over.

As the summer begins, precious metals sector components appear to have reached significant resistance levels. Although rapidness provides the current impetus, recent upswings seen in gold market are expected to have an end soon in view of the seasonality. While current technicals support a summer downtrend, let’s have a global overview of the gold market fundamentals across the regions.

With double digit gains in first-half of the year, precious metals are expected to shine in second-half portfolio diversification and rebalancing. Referring the recent events in the precious metals space, developments in Greece economy take the lead. However, the yellow metal had a mild reaction towards the strength of the euro. While the global tensions decreased, what about the direction of dollar and precious metals in the near term?

In the USD Index, the situation still appears to be bullish although declines or some sideways movement is possible in the short-term. The situation for the Euro Index is of course the opposite with a small rally likely to be followed by declining index levels. In this essay we discuss the likely impact these events would have on the price of gold.

Silver failed to follow gold higher - is the situation in silver really bearish in the short term or is it likely to move up with a vengeance? In today's essay we deal with the above question and additionally we discuss the usefulness of the technical analysis given the most important fundamental factors present today.