Gold & Silver

Can The Precious Metals & Mining ETF (XME) Hold Its Breakout?

It’s no secret that one of the biggest laggards within the equity market over the past 5 years has been the precious metals & mining group. After a blowoff top in 2008, the space absolutely cratered. Following the broad stock market bottom in 2009, the sector rallied along with the…

Gold And Silver Update: Are Bulls On The Verge?

One of the themes of 2016 has been the revival of Gold prices (NYSEARCA:GLD). After reaching new multi-year lows in late 2015, Gold has regained some luster with a strong multi-month rally in 2016. But it isn’t fully out of the bear market woods just yet. Both Gold and Silver prices…

Major Commodity Index Has Rallied Back To A Pivotal Level!

Select commodities have done well this year, especially those in the Energy and Precious Metals space. These heavyweights have done enough to push the Thompson/Reuters Commodity Index higher this year. The rally has brought the index back up to an important level:  A test of a key long-term support line…

Platinum-Gold Ratio: Will 2016 Mark A Change In Trend?

Although Platinum has had short bursts of outperformance vs Gold (Platinum-Gold Ratio), it’s basically been in an underperformance cycle for several years. But that underperformance may be coming to an end. Below is a chart of the Platinum-Gold Ratio (the ratio of platinum prices to gold prices). As you can see…

Gold & Silver Mining Stocks May Be Headed Lower

It’s probably an understatement to say that the Gold Miners Sector (NYSEARCA:GDX) – and gold mining stocks – have been outperformers in 2016. But from a trading standpoint, the recent action in the miners has been concerning. Commodities are a pretty volatile asset class. And gold isn’t an exception. Below is a…

Gold (GLD) Chart Update: Time For A Correction?

Since we last wrote about the SPDR Gold ETF (NYSEARCA:GLD) in March, the Elliott wave pattern has come into focus for the Gold ETF (you can find our prior article here). Gold price targets for the wave higher have been met and a move lower (or price correction) may be in…

Gold Prices (NYSEARCA:GLD) Pushing On Key Resistance

Gold prices have been on a tear this year. But the yellow metal is presently encountering a potential Gold price resistance stemming from the 2011 highs. Specifically, we are looking at the popular SPDR Gold Shares ETN (NYSEARCA:GLD). Following more weak U.S. economic data on Friday, the U.S. Dollar sold off and,…

Gold Bugs Outperformance Puts Shine Back On Miners

It’s been a heck of a year for precious metal bulls. Gold (NYSEARCA:GLD) has outperformed in 2016 after several years of underperformance. And this has lifted the Gold Bugs spirits, providing a huge tailwind for the Gold Miners (NYSEARCA:GDX). Today, I want to highlight the incredible comeback of the Gold Bugs…

Silver Rally Breaks Out Of Bullish Wedge Pattern

A multi-year downtrend had silver bulls singing the blues. But Silver Futures prices rallied hard in 2016. The rally in Silver (NYSEARCA:SLV) was so fierce that it triggered a silver breakout above the resistance line of a long-term bullish wedge pattern. In short, when it comes to bullish falling wedges, you…