tools spotlight
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Premium Update
March 30, 2012, 12:00 PMGold declined sharply this week, just as it rallied in the previous two days. Meanwhile, gold stocks moved lower, even below their previous lows. Was the self-similar pattern just invalidated? What action should long-term investors and short-term traders take? What are the current price targets? These are the three most important questions that we deal with in today's Premium Update.
Moreover, we discuss the reasoning behind the $5,000 target for gold, mining stocks' performance, gold options, probabilities for gold moving to $1,900 before or after summer, and we comment on the idea of purchasing gold in Japanese yen.
Additionally, today's Premium Update includes up-to-date top gold and silver junior rankings.
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Premium Update
March 23, 2012, 12:00 PMGold declined early on Thursday, but immediately corrected about 80% of the decline. At the same time, silver declined more significantly and miners moved below their important support level. In today's Premium Update we comment on all of these important events and put them into proper perspective. One particularly interesting signal was seen in relation to the mining stocks and gold.
Areas covered in today's report include: USD Index, S&P 500, SPY ETF, crude oil, Correlation Matrix, gold (including details regarding the self-similar pattern), GLD ETF, gold from non-USD perspective, silver, SLV ETF, XAU, HUI, GDX ETF, Gold Miners Bullish Percent Index, and GDX:GLD ratio. Naturally, we provide price targets for gold, silver and miners.
Additionally, we comment on our in-house developed "extreme" indicator, miners' (lack of) performance relative to gold, disconnection between prices of gold and gold ETFs, the expected length of the bull market in the precious metals, inflation expectations, log scale on charts, comparison of today and 2008, and more.
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