The precious metals sector declined yesterday and while a decline by itself is not necessarily bearish (just as a rally is not necessarily bullish), yesterday’s downswing took gold and silver below two very important lines (both starting at the 2011 tops), thus invalidating the earlier breakouts. The USD Index, however, did not break out. What are the implications?

• Read more

So far gold’s price action in September has been quite typical. It moved higher as it virtually had to in light of the USD’s decline, but shortly after Labor Day, it started to decline, just like was the case in almost all recent cases and as we described previously. Based on Friday’s closing price, gold was up $3 in September, but since it moved more than $5 lower in today’s pre-market trading, September is now a down month for the yellow metal. What can we expect to follow in the remaining part of the month and year?

• Read more

During yesterday’s session, nothing really happened in the precious metals market – gold, silver and mining stocks were more or less flat. However, it doesn’t mean there were no signals with implications for the above markets. There were and we discuss the details in today's Gold & Silver Trading Alert.

• Read more

In recent alerts we’ve discussed the issues that are generally unknown to most of the investors (and in many cases, also to professionals) and today’s issue will not be different. One of the ratios that’s important for the long run is currently in a particularly interesting position – it formed a cup and handle pattern in which the handle is by itself yet another small cup and handle pattern. We are now in the “small handle” which means that a big move is likely to follow. How will gold react?

• Read more

Not much happened in the precious metals market yesterday and the same goes for the USD Index. However, there is something that most investors missed about the gold market. The gold price seen from the USD perspective is the key one, but the analysis of the yellow metals’ price from the point of view of other important currencies can also provide important indications. It seems that this is currently the case with gold in terms of the Japanese yen.

• Read more