The past two months have been tough on the precious metals sector. We saw precious metals lead the market higher all of last year until December 2009 when prices plummeted as the US Dollar started to bounce. The continued rise in stocks indicated an extreme overbought condition and alerted us that a sharp pullback was [...]
Louis James & Andrey Dashkov, Casey’s International Speculator At any given time, there’s a single international spot price for an ounce of refined gold. Gold is priced in U.S. dollars: $1,076.50 per ounce as we go to press. But what about the gold an exploration or mining company has in the ground – how do [...]
Yamana Gold has been one of our favorites the past couple years. We think by the chart below AUY is ready to be bought. As you can see by Motley Fools comments below they agree. “Yamana Gold (NYSE: AUY) takes the nod from this Fool as the best overall selection within the gold mining sector [...]
The headline of this story at the Telegraph has billionaire investor George Soros warning that, due to low interest rates, gold will be the “ultimate asset bubble”, but, darned if I heard anything about the yellow metal in the accompanying video. While it’s not clear if this is bullish or bearish for the price of [...]
Gold has been under selling pressure since early December. That powerful drop and the chart pattern it has formed will generally resolves itself after an ABC retrace pattern. I have drawn this on the chart which is what I think will happen in the near term. This daily chart of GLD ETF has a small [...]
Jeff Clark, Senior Editor, Casey’s Gold & Resource Report As a self-professed gold bug, why would I possibly want my favorite investment to fall in value? Have the long hours finally caught up with me? Au contraire; my near-constant devotion to all things gold has only served to crystallize one of the things I really [...]
The gold stock index closed below its support trend line which held up for over a year. This is not a good sign for gold or gold stocks but there is light at the end of the tunnel. Simple technical analysis is telling us to be cautious at these price levels. If we zoom way [...]
By Doug Hornig, Sr. Editor, Casey’s Gold & Resource Report As the 10-year gold bull continues its stunning run, rumors of fakery seem to be cropping up as fast as new Eagles can be minted. Should you be worried? Do you need to run to the coin shop for a home test kit? Well, the [...]