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Last week marked one of the most important weeks in the PM complex in a very long time. After 15 months of consolidating the last impulse move up, that began at the August 2020 high, we are now seeing a … Continue reading
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This is what I wrote exactly one year ago today. I’m headed out to do my civic duty and vote. I have no idea how long it will take so I’m going to post this chart now. For those that … Continue reading
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Tonight I would like to update some long term charts for Gold to give you a feel for where Gold is at in its secular bull market that began at the 2000 double bottom low. I’ve said a million times … Continue reading
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Lets start with the BPGDM, Gold miners bullish percent chart which has just made a lower low along with the GDX on top. If you recall I was looking for some kind of divergence between the 2 which hasn’t happened … Continue reading
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I’ve been suggesting for some time now that the PM complex is trading at a critical inflection point where they can have a big move in either direction. It may sound like a copout but that is what an inflection … Continue reading
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There is a potential new pattern forming in the PM complex which I first notice on the short term daily chart for GLD. Below is the daily chart GLD we looked at late last week which was showing the multiple … Continue reading
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When one just focuses on an index it can be misleading at times. Depending on what index one is looking at there are a number of individual stocks that make up that index. In a strong impulse move most of … Continue reading
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The following is an opinion piece assessing whether the gold mining stocks are in a primary bull or bear market. I form my conclusion by analyzing the charts, investor sentiment and applying the principles taught by the great published analysts … Continue reading
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Before we look at the charts I’m going to hold all my PM positions into tomorrow toward the end of the day trading to make a judgement if this is the beginning of something or the end of something. It … Continue reading