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Market Updates

Expect A Big Move In Gold, Silver And The Mining Stocks This Year

Gold, silver and mining stocks are historically cheap in relation to the size of the money supply.

Gold Update: Recognition Day in Progress

Gold price is breaking out and the price is getting overbought. The problem is traders are adapted to a consolidation phase trade and not the breakout move.

Why Copper's Stall Is Ominous

Copper prices are up 75% since cratering in March at $1.97 a pound. Since 'doctor' copper, with a supposed PhD. in economics, has a reputation for accurately predicting growth trends, does this mean a global boom is at hand?

Precious Metals Update Video: Gold is without a short-term trend

Shortened trading week, last full day of trading on Wednesday. Gold still has the pattern of lower-highs and lower-lows.

Gold: Trend Line Resistance

Looks like they will be able to keep gold below the downtrend line this week, under $1,900. Silver is leading the metals!

Precious Metals Update Video: Gold got hit, Silver a dramatic move

Will be traveling and resuming updates around January 7th.  Daily gold prices hit the upper Bollinger band, acting as resistance setting up lower highs.

Bitcoin Mania Blows Past All Previous Benchmarks

Disclaimer:  I think bitcoin is, if not an outright hoax, then a cleverly marketed investment scheme on a par with alchemy and cold fusion. I get emails all the time from bitcoiners convinced cryptocurrency should be prized over all other investable assets, particularly gold.

Gold: Intermediate advance underway but the bull is still bucking traders off

One of the hardest things to do is to buy early in at the start of a new intermediate cycle. 

Precious Metals Update Video: Keep your powder dry this time of year

Markets are in holiday mode, more jumpy and illiquid.  $1,892.60 is the 18-week moving average, resistance.

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