Recent commentaries

This week we look at the performance of Gold vs. the USD and find bullish clues in the fact that in the past ten days the USD index moved up more than 50% of its decline, while at the same time gold moved lower only about 25% of its gains. This is a bullish sign, and so is the signing Friday of a Central Bank Gold Agreement limiting the gold sales.

This week we look at a head and shoulder pattern in the precious metals which gives us a clear indication where the GDX ETF is headed. We also read clues about an intriguing correlation beween the stock market and gold which might be significant for the future.

This week we report on subtle clues about improving fundamental situation on the precious metals market, and discuss the short term situation. We put the emphasis on silver and PM stocks, which are generally highly correlated with the general stock market.

This week we focus on the technical analysis of the precious metals and the general stock market as the recently-formed high correlation between the stock market and gold has particularly important implications for the latter.

This week has been disappointing for precious metals investors as gold, silver and corresponding equities followed the general stock market lower on relatively high volumes. The USD continued trading sideways. What does it all mean? The long-term situation remains inflationary and favorable for the precious metals sector, while charts provide us with additional short-term details...