Gold and silver have barely done anything yesterday, but mining stocks moved down. Their decline indicates that the recent move higher was just a pause. Then again, let's keep in mind that miners tend to fake their last over- or underperformance before the major trend change. We had seen it in early 2016 and we even saw it in September 2018. What didn't happen yesterday is more important than what did, though. The USD Index didn't invalidate the breakout above the 97.5 level. This is the first time it managed to keep the ground gained. All 4 previous breakouts from 2018 and 2019 were invalidated on the next day or even during the breakout session. Something has just proved to be different. And this "something" is likely to be very profitable.

• Read more

The USD Index soared yesterday, breaking to new yearly high. In fact, the last time we saw the USDX this high was two years ago, when the US currency was declining from the 104 top. However, the precious metals sector didn't decline based on this breakout. It moved a bit higher instead. It doesn't seem right, does it? Did this lack of bearish reaction just confirm that the PMs bottom is in?

• Read more

We already presented the final target for gold's decline many months ago. Yesterday, we updated the short-term gold price target that might be reached within a week, and gold just moved toward it. Given that we already provided you with both: short- and long-term price targets, is there anything more than we can discuss to better prepare you for what's coming?

Yes. Today, we'll provide you with all the gold price targets in between.

• Read more

The miners' underperformance has been truly extraordinary. They seem to have become tired of waiting for gold's and USD's lead and took the baton. Gold declines? Miners decline. Gold pauses? Miners slide, anyway. You may remember that something similar happened in 2013 and if you do, you also know what happened next. And this "next" might make a fortune, for those who are paying attention in this golden classroom.

• Read more

Gold's decline continues and yesterday's tight session hasn't changed that. Is this a moment of hesitation before another decisive move, or is a reprieve at hand? In the search for the right answer, we better look at the whole sector. Today, we're bringing you the hints that silver and gold miners have in store for us all. Just like that we can keep our trading plan at its best every day. Talking of which...

• Read more