Gold & Silver

Stock Market Outlook: Weekly Reversal Leaves Technical Damage

What a difference a week makes. The market ended the previous week on a strong note. And the S&P 500 seemed poised to follow the Nasdaq Composite and push to new all-time highs. But these and any other bullish hopes for the stock market were swiftly extinguished as the market put in an ugly reversal last week that resulted in a good deal of technical damage. The S&P 500 and Nasdaq

5 Charts That Show Why I’m Starting To Like Gold

It’s been a crazy couple of weeks for Gold prices (and investors). As most are aware by now, the yellow metal has been out of favor for some time. And more recently, Gold’s slide has turned into a mini-panic. But after diving down into the 1070’s on Friday morning, Gold staged a rally back towards 1100 by the end of the day The recent action has several of my indicators at

Gold’s Mini-Crash Leaves It Oversold, But Vulnerable

I’ve written a lot about the macro headwinds that face Gold. And even though I’m still neutral to bearish on the yellow metal over the next year or so, I’m still a trader… so I’m always looking for opportunities. So when Gold prices sold off sharply on Sunday night, I did what I always do:  check the charts. But what I found was a difficult setup. The yellow metal had

Gold Prices: Two Potential Paths Forward

Precious metals present a difficult trading scenario. While we believe they probably will reach for somewhat higher prices this summer, there is increasing risk that they will not. Traders may wish to wait for the picture to resolve before stepping back into this market. Today we’ll look at Gold prices – and specifically Gold futures. Of the two most likely paths for Gold futures, we still believe the most likely

What’s Wrong With Gold (GLD)?

Back in March, I issued a long research report on the state of the Gold bear market. In that report, I shared how a number of reasons why Gold was out of favor (and remain out of favor). But I also looked at sentiment, seasonality, and technicals to make a point that Gold had an opportunity to rally. Here’s an excerpt from that post: Headwinds included: US Dollar strength, slowing

Chart Of The Week: Gold Prices Nearing Key Support Zone

Gold prices continue to meander sideways. In fact, Gold has moved sideways for the better part of two years. For much of last year, Gold bulls chalked up the sideways move to strong consolidation in the face of a rising US Dollar. But the dollar has weakened over the past several weeks… and so has Gold. And that’s not good news for Gold bulls. On Friday, Gold prices slipped back

Silver Price Targets For Current Corrective Wave Higher

Silver prices have gotten a boost lately so I think it’s time to provide an update on what the charts are saying. But today I’m going to do something a little different and actually start from a shorter time frame to demonstrate why I think (the operative word “think” – not – “know”) that this move in Silver will go higher in over near term BUT ultimately make it back

Gold Miners ETF (GDX): Chart Says Rally May Be Brewing

The stock market has been hovering near all-time highs for months but hasn’t been able to breakout. If the stock market doesn’t get going soon, it could head lower. And should that happen, investors will be looking for somewhere to put there month. For several years, investors have moved quickly to bonds. But perhaps this time could see a capital move to the Gold Miners ETF (GDX). As you can