Recent commentaries

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Silver and Gold: Is This Just a Small Breather or a Beginning of a New Decline?

Posted January 15th, 2010

Last week we wrote the following:

Price of gold moved higher this week, but it was stopped by the resistance level created by the small December top. The history suggests that the gold market often corrects in the form of a zigzag, and the one that we have seen so far is in my opinion too small to say that "that was it".

The rally in gold was indeed stopped by the closest resistance level and price has been trading sideways since that time. Where are gold and silver likely to go next? This is one of the issues that we deal with in this week's free commentary.

What Does The Recent Weakness in the USD Index Mean For Precious Metals Investors?

Posted January 11th, 2010

The USD Index is currently one of the most important short-term drivers of gold and silver prices, and we have dedicated a whole essay to this particular market. In this article we analyze the USD Index directly, and indirectly - using an ETF fund as a proxy, which allows us to analyze volume. As always, we explain the implications for the precious metals Investors.

Gold Moved Higher, but Is This Move Really The Beginning of a New Upleg?

Posted January 8th, 2010

Precious Metals moved higher this week, so we believe you might be wondering whether or not the bottom has been put, and if you should get back in with your speculative (as you may recall, we already suggested getting back on the long side of the market with your long-term holdings) capital. In this essay we analyze the current situation on the gold and silver markets and elaborate on some of the signals that they provide.

As an addition to our regular analysis, we comment on the usefulness of the technical analysis.

Gold Rallied On The First Trading Day of The Year, But Is The Bottom In?

Posted January 4th, 2010

The precious metals moved higher in the first trading session of 2010, which is traditionally known as a bullish sign for the whole following year. However, this single session does not determine the direction in which metals will head in the following days / weeks - there are other tools that need to be applied in order to find the most probable short-term outcome. In this essay we focus on the current situation on the gold market and its implications for long-term Investors and short-term Speculators.

Are The Precious Metals Stocks Bottoming Or Just Taking A Breather?

Posted December 30th, 2009

The end of the year is usually calm on the capital markets. The volatility is low, as the money managers from all over the world take some time off and spend the Holiday Season with their families. At the same time, the end of the year is a perfect time for summarizing and reviewing this year's actions and making key decisions regarding the next year. The beginning of this essay will not be any different.

The second part of this essay is dedicated to the current situation in the precious metals stocks. I analyze this part of the precious metals market by commenting on the HUI long-term chart, the short-term chart of the GDX ETF, and the GDX:SPY ratio, which emphasizes the relative performance of the sector to other stocks. Additionally, I feature one of our unique indicators.