Precious metals and – in particular – mining stocks rallied strongly yesterday. The volume accompanying the rally in miners was huge and it appears that yesterday’s decision to take profits off the table and exit the short positions was correct, as it doesn’t seem that the rally is completely over. Does it mean that long positions are now justified?

• Read more

The precious metals have been slowly declining in the past few days in a rather steady manner (except for silver, which didn’t move almost at all), but it seems that the end of the week can be a lot more volatile. Why? The employment statistics will be released on Friday and there were many cases, when their release triggered huge moves in gold (at times gold plunged and at times it soared). What can one expect and how can one prepare for this volatility?

• Read more

Gold and silver moved to previous lows yesterday, but miners declined about 5% and the decline took place on big volume (in both: absolute and relative terms). Are miners breaking lower indicating that the rest of the PM sector is to follow, or was the move in the mining stocks rather unconfirmed and likely to be invalidated? Fortunately, we have reliable signs pointing to the most likely outcome.

• Read more

Gold, silver and mining stocks didn’t do much yesterday after rallying (and then declining) strongly on Friday and it seems that the precious metals market is now building a base for another powerful move. What’s next?

• Read more

Gold, silver and mining stocks rallied strongly on Friday, but the rally was quite short-lived. It didn’t take more than a few hours for the entire rally to be cancelled – PMs and mining stocks were more or less back to their previous closing prices before the session was over. What are the implications?

• Read more