Market Commentary

  • Stealth Bottom Coming in Gold Stocks

    March 26 2012 2:43 PM EDT

    The struggle of the mining stocks has surprised many including us. We thought record profits and a bullish environment would catapult the miners out of a consolidation and into a major breakout.

  • Gold-Stock Panic Levels

    March 23 2012 5:20 PM EDT

    The beleaguered gold stocks have spiraled lower this month, heaping misery on poor fools like me naive enough to invest in them.

  • Bullish Outlook for the Precious Metals Sector Holds

    March 23 2012 4:41 PM EDT

    It’s tough being a lone voice saying that gold prices will go up when they have tumbled and the financial press is writing obituaries for the gold bull market.

  • Silver Painted Into Potential Head and Shoulders Top’s Neckline

    March 22 2012 4:02 PM EDT

    After silver staged a dramatic false upside break in late February that whipsawed many bullish traders, the price action has since been forming what appears to be a bearish head and shoulders top pattern on the daily charts.

  • Gold Swerves to Avoid the Cross of Death

    March 22 2012 9:52 AM EDT

    Despite the turmoil in the world gold prices appear to be range bound between $1800.00/oz and $1550.00/oz.

  • Gold and Silver Report - Ben Rattles Ron's Gilded Cage

    March 21 2012 5:26 PM EDT

    Gold prices fell towards the $1,645 level at the opening of the midweek session in New York as the US dollar climbed slightly on the trade-weighted index (it was last quoted at 79.70). The initial action was rather subdued but, after yesterday's additional 1% decline in values to fresh two-month lows, speculators were perhaps justifiably skittish about jumping into the pits with both feet, especially as talk continued about lackluster physical gold demand, the continued absenteeis...

  • The Problem with Bernanke’s Problem with the Gold Standard

    March 21 2012 12:56 PM EDT

    For someone who is supposed to be the head of a nonpolitical institution, Fed Chairman Ben Bernanke gave a speech yesterday that sounded strikingly similar to an incumbent politician defending his record.

  • Have Gold, Silver Entered a Bear Market?

    March 21 2012 9:56 AM EDT

    For nearly the last five years, we have seen events that were the first of their kind in modern history, from the credit crunch to the East emerging at the expense of the developed world.

  • How to Avoid Being Caught in a Common Gold Scam

    March 20 2012 5:22 PM EDT

    Recently, I read an article about how Congo born, Dikembe Mutombo, an all-star NBA defender, was nicely scammed in a fake gold deal.

  • Fed Liquidity: Good as Gold

    March 20 2012 5:19 PM EDT

    We all have experienced that sinking feeling when in difficult times; we seem to have run out of options. Sometimes our frustration gets the better of us as we lash out at anyone or anything however innocent. But kicking the dog is no solution to our problems.

  • Gold and Silver Report - Shifting Grounds

    March 19 2012 5:49 PM EDT

    Gold prices retreated towards the $1,650-$1,655 area this morning as crude oil experienced a small setback and as the dollar climbed slightly on the trade-weighted index (last quoted at 79.82). According to the latest Bloomberg survey of gold traders, the crowd is showing the lowest level of bullishness in circa sixty days in the wake of gold having erased more than half of 2012's gains recently. However, with an RSI figure nearing the 38 level (with 30 or so generally being sufficiently over...

  • Precious Metals are Decoupling from the Stock Market

    March 19 2012 10:27 AM EDT

    Normally, decoupling from the stock market is a good thing. In recent turbulent times, many have wondered if emerging markets would decouple or if gold stocks would decouple. Its surprising to see gold stocks decouple from a strong stock market.

  • Silver’s False Bullish Breaks Head Fake Technicians

    March 15 2012 5:20 PM EDT

    As February ended, silver made a spectacular rise and fall. The metal’s spot price first traded up to a high of $37.20 on the 28th and then crashed down hard to hit a low of $33.96 on the following special leap day of February 29th.

  • Stuck in the Middle: Gold’s Short Term Woes

    March 14 2012 1:27 PM EDT

    Over the last ten years we gold owners have become a bit spoiled. We’ve enjoyed a near perfect record of double digit annual gains with very few protracted corrections.

  • What’s Driving the Gold, Silver Prices?

    March 14 2012 10:04 AM EDT

    Gold rose to $1,700 last week and is holding that level in a very tight trading range.

  • Singapore Seeks To Be Asian Bullion Hub With Tax Free Gold and Silver

    March 14 2012 8:49 AM EDT

    Another sign of Asia's increasing importance in the global gold market is news that Singapore is planning to boost its share of global gold trade sevenfold after scrapping taxes on gold, silver and platinum bullion. This is the aim of the International Enterprise Singapore, the city state's external trade agency according to Bloomberg.

  • Some Central Banks are Showing Increasing Concerns about their Gold Holdings

    March 13 2012 11:41 AM EDT

    For more than 20 years, most central banks diversified out of gold into currencies, especially the US dollar as well as US Treasuries.

  • A Need for Updated Gold Stock Indices

    March 13 2012 10:42 AM EDT

    The underperformance of gold stocks was a hot topic at PDAC and continues to dominate discussion in industry circles.

  • Gold Remains in Consolidation

    March 09 2012 10:57 AM EST

    With Gold’s failure at $1800, it should be obvious that the market is in a protracted consolidation.

  • Gold Stocks: Tread Carefully

    March 09 2012 10:52 AM EST

    Clarity of vision can be lost in the everyday hustle and bustle of market gyrations, news events, political posturing and the whirlwind of activity that is our daily labor.