Gold & Silver

Gold Update: Can The Yellow Metal Get Up Off The Mat?

Since the presidential election, there has been relentless selling going on in the gold market. Last Thursday, I highlighted Gold as being oversold and a potential trading setup to watch. Gold futures prices have fallen a bit further, demonstrating just how weak the yellow metal has been in November. One thing I stated…

SPDR Gold ETF (GLD) Hits Key Fibonacci Price Support

Spot Gold prices and the SPDR Gold Shares Fund (NYSEARCA:GLD) have been hit very hard in the post-election day trade. This trade has also coincided with a rising dollar and equities – 2 potential headwinds for Gold. But U.S. equities and the greenback have risen sharply in recent weeks and may be…

Gold Futures Oversold As Market Moves To Extremes

The election has passed and many investors are now turning extremely bullish. As stated in my October 7th newsletter, I was bullish going into this event. Yet we all had to understand that going into such a potentially volatile event, risk had to be managed accordingly (with careful position sizing). Investors have…

A Look At The Gold (GLD), T-Bonds, Dollar Market Triangle

Over the past year, there’s been a very interesting relationship between the Gold (NYSEARCA:GLD), the U.S. Dollar (NYSEARCA:UUP), and Treasury Bonds (NASDAQ:TLT). I’ve talked about this relationship (and chart below) many times in my newsletter. There has been a relentless push into the US Dollar (via UUP below) and out…

Charting Silver’s (SLV) Turbulent Price Action In October

Of the many financial assets that put in lows of some magnitude in early 2016, silver has been among the biggest gainers. From its January low to the early August peak, the iShares Silver Trust (NYSEARCA:SLV) rose precisely 50%. But since then, it’s been a rocky road. Especially during the…

Gold Declines From Important Time & Price Intersection

The recent gold decline has been swift. As I shared yesterday (and earlier this month), the Gold & Silver Mining Index had formed a bearish rising wedge pattern.  And when prices fell out of that pattern into October, the decline accelerated. This price action comes at a critical time for…

Gold Trading Update (GLD): Prepare For More Volatility

Gold has been pummelled in the last few days and things don’t look like easing up any time soon. Taking a look at the chart of the SPDR Gold Shares (NYSEARCA:GLD), let’s see if we can see where the this Gold ETF might find some support. Gold ETF (GLD) Technicals…

Gold & Silver Mining Index (XAU) Falls Out Of Bearish Pattern

It’s been a heck of a year for precious metals. Through 3 quarters this year, Gold (NYSEARCA:GLD), Silver (NYSEARCA:SLV), and the miners (INDEXNASDAQ:XAU) were big time out-performers. HOWEVER, those good vibes have been lost on investors during the first few days of trading in October. In short, the precious metals sector has…

Gold Prices (GLD) Trading On Edge Of Risk On/Off

Despite the Fed meeting, surprise OPEC production cut and presidential election uncertainty over the past two weeks, the financial markets have been remarkably range bound. Last week saw long-term US Treasuries move higher along side stocks. While traders typically oscillate from “risk-on” to “risk-off” and move asset classes with them,…

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…