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Friday
Oct122018

The S&P500 Fall and Its Effect On The Precious Metals Sector

Preamble

Market sectors are interlinked and what boosts one particular sector can put downward pressure on other sectors. We have seen the recent action by the Fed in raising rates and the boosting effect that they have on the US Dollar. A strengthening dollar has an inverse effect on gold and silver and the associated precious metals producers and so gold bugs have suffered accordingly.

The action in the financial markets of the last few days has seen a correction from historic highs as investors decided to take profits and place their investment funds elsewhere. During Thursday’s trading session on the NYSE the DOW Jones was down 545 points, following an earlier fall of some 800 points. The S&P500 also fell in a similar fashion and both indices closed below their respective 200day moving averages.

It should also be noted that the dollar also lost ground despite the recent rate hikes and the stated intention of the Fed to continue with the policy of rate ‘normalization.’ Both of these factors helped gold and silver prices to recover and this in turn saw investors taking a tad more interest in the associated mining companies. The biggest gold producer on the planet, Barrick Gold Corp (ABX) gained 9.39% in Thursdays trading session. In stock market parlance it is unusual for an elephant to sprint but on this occasion, Barrick proved to be the exception to the rule.

The Chart of the S&P500

 

 

The above chart of the SPX clearly depicts.......

MORE....

 

Last week was a really interesting week for gold - was it a minor jump or the start of a new rally?

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Monday
Sep242018

James Turk – A Major Gold & Silver Short Squeeze May Unfold On This Stunning Announcement

With the Dow tumbling as the price of crude oil breaks above $72, today James Turk told King World News that a major short squeeze in the gold and silver markets may unfold on this stunning announcement.

Summer Doldrums Are Over

Click to read more ...

Saturday
Sep082018

Gold Mining Stocks Still in Weak Hands (Part Three)

Preamble

On days like this I feel like a script writer for a soap opera:

“Previously on Desperate Investors………..” you get my drift as we recently wrote:

This is a capitulation of sorts, but it may not be final at this point. The selling of this sector creates more selling as the stops are hit on the way down. Investors lose heart and decide to end the pain and make no mistake this is painful

There is blood in the streets but I’m not sure that this particular bloodbath is over just yet. 

When we penned part two of this post the Gold Bugs Index (HUI) stood at 146 having suffered a rapid fall from the 180 level. This was a capitulation of some form but by no means a final one.

Click to read more ...

Tuesday
Aug282018

Monetary Stimulus Does Not Work. The Evidence Is In

From by Daniel Lacalle via dlacalle.com


In a report called “A report card for unconventional monetary policy,” Deutsche Bank has analyzed the impact on the economy of “unconventional” monetary policies, quantitative easing and negative interest rates.

Click to read more ...

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....

 

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

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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 ...