Gold Stocks Index – The Leading Indicator for Gold Bullion I watch the price of gold stocks very closely because when there is large divergence from the price action of gold bullion I can get in a trade before the general public does. Tuesday we saw gold stocks put in a powerful rally yet gold [...]
* In September gold prices rose 5.4%, to the highest monthly close in U.S. history, as silver jumped 11.5%. Year -to- date gold prices are up 12% and silver is up a sterling 50%. Precious metals are again demonstrating how a healthy bull market works: Two steps forward, one step back. A “buy- the- dip” [...]
December gold was higher due to short covering overnight as it consolidates some of last week’s decline but remains below the 10-day moving average crossing at 1004.10. Stochastics and the RSI are turning neutral hinting that a short-term low might be in or is near. Closes above the 10-day moving average crossing at 1004.10 would [...]
Courtesy of Washington’s Blog This essay rounds up arguments for gold as a reasonable investment. China Commentators such as Ambrose Evans-Pritchard and Byron King argue that China’s hunger for gold will put a floor on gold prices. Specifically, they argue that China will “buy the dips” in gold prices, effectively putting a minimum on how [...]
* Precious metals are again demonstrating how a healthy bull market works: Two steps forward, one step back. A “buy- the- dip” strategy is recommended. Year -to- date gold prices are up 12%. * “Top investors in precious metals are waiting for a pullback to buy, but they say gold looks like a promising inflation [...]
Peter Schiff on Yahoo Tech Ticker Unlike the “legitimate bull markets” of many foreign markets, Peter Schiff believes the U.S. is merely experiencing a “rally in a bear market,” and is lagging the rest of the world “for a reason.” The worst is not over, according to Euro Pacific Capital’s Schiff, who predicts the Dow [...]
On our GLD chart we still have not reached the measured move targets so must wait to see the enthusiasm on a reversal when it comes.
Zero Hedge has recently presented several declassified documents from the pre-1971 “Nixon Shock” days, that endorse the case for gold as a major historical factor in US monetary and foreign policy, as demonstrated by State Department and CIA disclosure. Gold’s special status in policy and administrative decision-making was a direct factor in Nixon’s choice to [...]
My Gold Stock Breakout Model – Monthly Chart I use this chart to keep my big picture trades on the right side of gold. I found that gold stocks tend to lead the price of gold so watching this gold stock index on the monthly, weekly and daily charts can provide me with short term [...]
By Jeff Clark, Senior Editor, Casey’s Gold & Resource Report If we’re right about where the price of gold is headed, the general public will someday clamor to buy all things gold. While gold stocks will be where the real leverage is, the rush will start with gold itself. As a gold editor, I have [...]