Gold ended last week with a small decline and overall it was only a bit higher, thus making the weekly reversal less than perfectly clear. But, Friday’s small decline was quite meaningful as there was something about it that usually followed very similar outcomes. Something that is connected with the GLD ETF, but not with gold… We can say the same about the moves in platinum and in the USD Index. The prices at which they closed the previous week are very informative and confirm that profits from our speculative trade should increase even further.

• Read more

The week is about to end, and we’ll have the weekly closing prices and weekly volume levels shortly. Depending on them, gold could start the next week with a big rally or a big decline. Fortunately, there are signs that we already have right now that let us predict in advance how today’s session will end and thus what will surprise those who don’t know about their existence on Monday.

• Read more

Platinum’s powerful decline is turning into a powerful reversal and an invalidation of earlier breakdowns. The implications are becoming clearly bullish for the precious metals investors even though silver hasn’t rallied much in the past several days. With all the bullish signals that are currently in play, is it possible that what we are seeing at this time is something more than just a short-term bottom?

One long-term (!) signal shows that the situation is currently just as extreme as it was in early 2001. It’s the strength in gold stocks despite gold’s decline. It’s as enormous as it was in 2001 and the miners’ strength is something that has proved to provide important signals over and over again in the case of smaller time frames. Did the medium-term outlook just change? Is this a final chance to get into gold, silver and miners before they take off like they did in 2008 and 2016?

• Read more

We have two things to discuss today. One is what we saw yesterday in gold, silver and mining stocks – the decline in the former and relative strength in the latter. The second thing is the critical situation in platinum – it just broke below its 2016 low. Will platinum pull the rest of the precious metals sector lower despite multiple bullish indications?

• Read more

• Read more