Gold, silver and mining stocks all rallied strongly early during the session and moved to new highs (except silver) and it all looked so bullish especially that it all happened during a move up in the USD Index… But it all failed – and it failed with an exclamation mark. Gold, silver and mining stocks all reversed and declined for the day despite early gains and the sizes of both the late-session move and the volume were very significant. So are the implications.

• Read more

The Fed didn’t increase interest rates yesterday and it stated that there would not be as many rate hikes this year as they had predicted previously. What is gold likely to do in this environment?

• Read more

Gold and silver didn’t change much in yesterday’s trading, however, the things that indeed changed were the prices of precious metals mining stocks and this can tell us quite a lot about the next move in the precious metals sector.

• Read more

One of the ways to detect a top in the precious metals market is to see new highs in gold and no new highs in gold stocks – and that’s exactly what we saw on Friday and yesterday. Is the situation really as bearish?

• Read more

The precious metals sector moved higher last week, but on Friday we saw a major reversal in the case of gold stocks – the HUI Index declined after an initial upswing forming a bearish shooting star candlestick. Was that the end of the rally?

• Read more