Recent commentaries

In this essay we focus on the situation in the mining stocks, as it seems that there are several voices saying that the rally in gold stocks is over and they are likely to decline from here - we respectfully disagree. Additionally, we comment on the likelihood that governments are going to sell their gold at the top thus pushing the price significantly lower.

The current situation on the USD Index and gold appears to be in tune with each other even though the statistical numbers don't confirm it, which is a particularly interesting state. Therefore, we decided to provide you with a follow-up regarding our recent gold / usd analysis and let you know what we believe is going to take place in the gold market soon.

In our previous essay, we've stated that a small correction [in gold] may be likely very soon, and since that is what we've seen very recently, you might be wondering if this means that gold/gold stocks are likely to move much lower from here. Although gold didn't move in the opposite direction to the U.S. Dollar during the last several days, the negative correlation between these two markets has been visible during the whole bull market, which means that it may be worthwhile to analyze the USD index even if one is interested only in gold. This is one of the things that we cover in the following free commentary.

In the March 31st 2010 commentary, we've analyzed the general stock market along with the price of gold, and one of the things that we wrote was that a significant decline is not very likely at this point and the general market could rally further.

This is what we've seen since that time, but stocks have been recently rising on a relatively low volume, so you might wonder if it made us change our mind as far as the situation on the general stock market is concerned, and how it would affect the PM sector. Consequently, this is one of the things that we cover in this week's essay.

In the previous essay, we've emphasized that gold is to move higher, and since it has just moved significantly higher, it seems that you may wonder what we think about the situation in its sister-metal - silver. However, before providing you with technical details, we would like to provide you with not-so-bullish views on China, and briefly comment on how it might affect the precious metals market.