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Monday
Aug202018

Gold Mining Stocks Still In Weak Hands (Part Two)

Preamble

The Gold Bugs Index, the HUI closed at 138.98 recently as after umpteen tests of 180 level it finally failed, and the precious metal stocks went into freefall. Since the HUI peaked in 2011 at 630 it has fallen 77.93% (630-139) and this last month we witnessed a form of capitulation in this tiny sector of the market.

The underlying commodities of gold and silver have also fallen from grace having penetrated their upward trendlines via a vicious downswing in dramatic fashion.

As we wrote recently we need to reassess the recent movements with the view to deciding whether this is a buying opportunity, a time to hold or a time to ditch our stocks and run for cover.

There are many reasons for this capitulation in the precious metals sector that need to be considered, however, for today we will focus on what we believe is the main reason for the battering that sector is going through; the US Dollar

A Quick Look at The Charts of the HUI, Gold and the USD

The following charts of the US Dollar and gold show us that the inverse relationship between the gold and the dollar is alive and well.

First the chart of gold where we can see that golds upward trendline has been tested and failed in no uncertain manner. The technical indicators are firmly in the oversold zone with the RSI standing at 22.55 suggesting that a bounce is on the cards, however gold needs a spark, an ignition, some sort of catalyst in order to reverse its fortunes.

 

Next is the chart of the US Dollar where we can see that it has made good progress since May and has challenged the resistance level of 95 a number of times before finally making a breakthrough to trade close to the 97 level.

more....

 

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Tuesday
Jul242018

Gold Mining Stocks in The Dog Box for Now

Preamble

The Gold Bugs Index, the HUI closed at 168 recently having tried to hold but falling through the support at 180. The HUI remains some 73.33% off its high (630-168) made in 2011. This poor show is a disappointment and something of a puzzlement for gold bugs around the world. Since 2016 gold has been in an uptrend but has recently pieced its support causing concern for those investors who still hold gold and silver stocks. Silver prices have staged some moderate rallies but overall, they have been heading south with a corresponding lacklustre performance by the stocks.

As speculators we now have to reassess the current situation and ask whether we should sell, hold or look upon this unloved sector as a buying opportunity.

A Quick Look at The Chart of the HUI


Lacklustre progress...............

 More........

gold , silver and the miners are still in the dog box but this sell-off cant last forever

If you would like to know which stocks we are buying and selling please join us atStock Trader our premium investment service.

Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199

If you are new to investment in the precious metals sector then you can subscribe of our FREE newsletters regarding gold stockssilver stocks and uranium stocks, just click on the links and enter your email address and we will email you our articles along with other interesting posts.

Please remember to check your spam folder once you have subscribed to ensure that our verification email has not gone astray and you are getting our emails.

 

 

 


 

Winners of the GoldDrivers Stock Picking Competition 2007 

 

 

 Follow us on TWITTER @goldprices

 

 


Wednesday
Jul182018

Silver's Solar Demand 'Down 40% by 2024'

PV silver thrifting set to continue despite weak price...

Click to read more ...

Wednesday
Jun202018

US-China trade spat wipes $57B from top mining stocks in fortnight

Mining and metals stocks came in for more punishment on Tuesday as the trade spat between the US and China escalatedamid a war of words between Washington and Beijing.

On Tuesday, Donald Trump threatened to impose a 10% tariff on $200 billion of Chinese goods in retaliation

Click to read more ...

Monday
Jun182018

Osisko pays Can$180M for a silver stream from Falco Resources

Osisko Gold Royalties announced today that it secured a silver stream from Falco Resources for Can$180 million.

The silver stream will come from Falco's Horne 5 property in Rouyn-Noranda, Québec.

Osisko will make staged upfront cash deposits to Falco of up to C$180 million and will make ongoing payments equal to 20% of the spot price of silver to a maximum of US$6 per ounce

Click to read more ...

Wednesday
Jun132018

Endeavour Silver Corp. (EDR:CA) Rises 8.25% for June 13

June 13 was a positive day for Endeavour Silver Corp. (EDR:CA) as its stock finished the day having gained 8.25% to hit a price of $4.20 a share. The company reached a market cap of 535.45 million and has 127.49 million shares outstanding. Endeavour Silver Corp. is a component of the the S&P/TSX SmallCap Index.

Click to read more ...

Monday
Jun112018

BULL SIGNAL: James Turk Says Massive Silver Base May Finally Be Ready To Explode Higher

With the price of silver near $17, today James Turk told King World News that the massive silver base may be preparing to explode higher.

June 11 (King World News) – James Turk:  “As KWN readers know, Eric, I’ve been beating the drum on silver for quite awhile now. And I’m going to beat the drum again today…

Click to read more ...

Monday
Jun112018

Smart Money Is Moving into Gold as Volatility Returns 

Smart Money Is Moving into Gold as Volatility Returns

By Olivier Garret
June 5, 2018

Two months ago, we hosted a conference featuring 25 world-famous asset managers, investment experts, and economists who discussed their economic outlook and predictions.

I’m talking big names like “bond king” Jeff Gundlach, David Rosenberg, Louis Gave, and others.

As you can imagine, these speakers usually don’t talk much about gold. They’re more concerned with stocks, funds, bonds, and the like.

But this year was different.

I’ve never seen so many high-profile investors mention gold as a safety net—and that includes some who were previously hard-core gold bears.

Unfortunately, the reason is not a happy one. All these “in the know” people are very worried about the direction the markets are taking.

Click to read more ...

Thursday
Apr262018

If You Can’t Afford to Lose 30% of Your Retirement Savings Today, You Must Own Gold 

By Olivier Garret, Hard Assets Alliance

A customer of mine who is 55 years old recently asked if it was not too late for him to get into precious metals.

The answer is no—it is not too late to invest in gold and make a profit at any age. Quite the contrary, with the market showing the early signs of a correction, it is, in my humble opinion, a perfect time to invest in precious metals.

The first rule of successful investing is to buy assets on the cheap, not when they are peaking. Yet, most investors would rather buy Bitcoin when it hits $19,000...

The reality is that stocks and bonds have been in a major uptrend for 9 years and 20+ years respectively, and so are overdue for a correction. Gold, on the other hand,

Click to read more ...

Thursday
Apr122018

SILVER INDUSTRIAL DEMAND REBOUNDED IN 2017; MINE SUPPLY RECORDED SECOND CONSECUTIVE LOSS

  • Posted on 04 12, 2018

(New York City – April 12, 2018) Industrial demand for silver, fueled by record photovoltaic growth, rose in 2017 for the first time since 2013.  A stronger global economy led to healthy demand from the semi-conductor market, resulting in greater silver offtake in electrical and electronics applications as well as brazing alloys and solders. 

Click to read more ...