In an inflationary environment, silver bullion and junior/intermediate gold stocks tend to outperform gold bullion and senior gold stocks.
This is a busy week. Today is “options expiry day”; COMEX August gold options expire. As options expiry day approaches, gold tends to trade in a sideways pattern near round numbers, and $1100 is the number in focus now.
As a group, gold stocks are trading like the entire sector is going “off the board”. Is that going to happen?
Most gold analysts think that gold is in a bull market, or a bear market. They use charts and US economic reports to try to prove that the gold price is ready to move substantially higher or lower. In contrast, I’ve argued that the world...
The pressure on the US stock market continues to grow. Note my red annotations on this key S&P500 earnings chart. With QE gone, rate hikes on the horizon, wage pressures growing, and the business cycle peaking, it’s a “no brainer”...
As the crisis in Greece (and now Puerto Rico) intensifies, Global markets (except gold) are tumbling. Greek banks are closed, and the situation looks grim. Incredibly, the enormous volatility seen in US stock markets yesterday could...
I realize that most analysts in the gold community are nervous about gold, and nervous about China’s stock market. In contrast, I think this is the greatest time in history to own both gold and the Chinese stock market.
The latest COT report is very good news for professional gold investors. The world’s largest banks dominate gold trading. They are the “commercials”, and it’s clear they have been very aggressive buyers into the tail end of gold’s...
That’s a seasonal chart for gold. I’ve highlighted my key buying and profit booking areas. June is the most important time of the year to buy gold.
The month of June is typically a boring one for gold and silver price action, although the latter half of the month tends to be a bit better for gold.