Peter Degraaf
Technical Analyst, Precious Metal Investor & Author
Peter Degraaf became interested in silver and gold when the Governments of the US and Canada proceeded to remove silver coinage from circulation in the mid 1960s.
He noticed the effect of Gresham’s law: “Bad money drives out good.” He became a coin dealer, attending coin shows all over The US and Canada. In 2001 he semi-retired from coin sales and concentrated on investing in precious metals. He mastered the art of technical analysis and applies this to his investments. In 2001 he started publishing a daily and weekly market report. His website is at http://www.pdegraaf.com/.
Peter Degraaf Articles
A good place to start is at the seasonal tendencies for gold. There are seasons when gold drops in price, simply due to a lack of interest on the part of investors, and there are times when there is a seasonal tendency for investors to...
Long-term trends take a long time to reverse. One such trend compares gold mining stocks to the S&P500 stocks. From 2002 until 2011 gold mining stocks outperformed generic stocks, as can be seen in the following chart. (Charts...
The price of gold appears to have bottomed, after declining since 2011. Here is a look at the weekly trend.
This chart is courtesy Real Investment Advice.com and borrowed from a recent article: ‘Wicksell’s Elegant Model’. The brown areas in the chart highlight the periods when ‘real rates’ were and are negative. Gold tends to perform best during...
It is generally agreed that in a Gold Bull Market, the gold producers lead the way, by outperforming gold bullion. To examine this trend we visit Stockcharts.com and pull up a chart that compares mining stocks (GDX) to gold bullion (GLD).
Featured is the weekly gold chart. The green arrows point to ‘upside reversals’, developing after price dropped below the 50WMA. The blue arrows point to a positive follow-through, following an upside reversal. A similar situation back...
We’ve all watched in amazement, while the equities markets around the world have risen to new highs. On Wall Street hardly a week goes by without a new record. There comes a time however when a sector becomes so overbought, that smart...
Charts are fascinating! They reflect human action. We look at charts for direction, for support and resistance. Here is a chart (courtesy Stockcharts.com) that is just now in the process of showing a buy signal for gold mining stocks.
The Gold Direction Indicator has just turned positive again, at 71%. Featured is the daily gold chart. Price found support on Friday and produced an upside reversal. Then on Monday gold began to break out at the downtrendline. A close...
The last time our ‘Gold Direction Indicator’ was as positive as today, gold rose from $1220 to $1280. The date was July 12th and we wrote an article titled: “The Gold Direction Indicator Just Turned Positive”. Less than three weeks later ...
