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Metals Archives | Page 28 of 31 | Elliott Wave Analytics

  • Gold Stock Panic Levels!
    By on March 24, 2012 | 2 Comments2 Comments  Comments
    The beleaguered gold stocks have spiraled lower this month, heaping misery on poor fools like me naive enough to invest in them.  Dwindling interest and capital has left this realm a desolate wasteland, I’ve rarely seen anything so deeply out of favor.  In fact, relative to gold the gold stock...
  • Central Bank Balance Sheets Put Gold at $1900!
    By on March 21, 2012 | 47 Comments47 Comments  Comments
    Given the extremely high correlation between central bank balance sheets and the price of gold, it is possible to determine the implied price relative to current debt levels. In doing so, we calculate gold’s “central bank balance sheet value” at around $1900 an ounce. Gold has...
  • If Gold Breaks This Line, Watch Out!
    By on March 16, 2012 | No Comments  Comments
    If gold were to break its 300-day simple moving average currently resting at $1602.44, that could indicate a significant trend reversal only seen once in gold’s 11-year bull market. As you can see below, gold has been in a downward trend since last September after two failed attempts to push ...
  • Gold Not The Automatic Crisis Winner.
    By on March 10, 2012 | 339 Comments339 Comments  Comments
    We are in the midst of turbulent times, and it seems inevitable that things can only get worse. When casting about for a safe investment, it seems that gold is one of a very few areas of safety (and I don’t know what the other ones are); however, when we look at historical charts, it is obviou...
  • PMO SELL Signal: Market Vectors Gold Miners (GDX)
    By on March 8, 2012 | No Comments  Comments
    Market Vectors Gold Miners (GDX) generated a PMO (Price Momentum Oscillator) SELL signal because the PMO crossed down through its 10-EMA. This signal was flagged on today’s ETF Tracker Report.   Positive: PMO SELL signal occurred in recent overbought territory. Double-top formation, ...
  • Part II: Gold Mining Margins
    By on March 4, 2012 | 483 Comments483 Comments  Comments
    The history of gold mining has been well-documented for thousands of years.  And with the demand for this most precious of metals going nearly as far back as human history, miners have ventured to just about every corner of the planet in their quest to find it.  Yet unlike the miners of yore that ...
  • Part II: Junior Gold Producers
    By on February 8, 2012 | 350 Comments350 Comments  Comments
    It only took eleven years, but in 2011 global gold-mine production has finally returned to pre-bull levels.  In fact, with 2011’s volume expected to come in at around 88m ounces, we’ll see a new all-time production high.  The latest exploration-and-development cycle is finally starting to be...
  • Gold: The Technical Rundown
    By on February 7, 2012 | 247 Comments247 Comments  Comments
    Back in August of 2011 as Gold was cresting $2000 an ounce we penned a missive on our website about the pending correction of a “parabolic spike”. That played out well as prices subsequently declined to $1550 an ounce. Just recently we updated that analysis in our weekly newsletter which cov...
  • Gold ETF Mass Exodus
    By on January 30, 2012 | 1 Comment1 Comment  Comments
    Gold is enjoying an awesome January, rallying strongly out of its oversold late-December lows.  But last month’s hyper-pessimistic sentiment deserves some reflection before it totally fades from memory.  One of the core theses of the bears resolutely predicting sub-$1400 gold prices soon was the...
  • Dollar To Launch Gold
    By on January 17, 2012 | No Comments  Comments
    Since rocketing to new all-time highs last summer, gold has weathered a major correction.  While that selloff was healthy and necessary given the excessive optimism that catapulted gold to very-overbought levels, a strong US dollar accelerated gold’s swoon.  But with the dollar now as overbought...
  • Cheap Gold Stocks 2.
    By on January 8, 2012 | 373 Comments373 Comments  Comments
    Gold had a tough December, falling 10.5% to grind along near its worst levels since July.  This sparked hyper-bearish sentiment and end-of-gold’s-secular-bull talk.  Naturally gold stocks fared even worse in this rampant gold pessimism, with the flagship HUI gold-stock index plunging 14.7%.  Bu...
  • Junior-Gold Carnage.
    By on January 2, 2012 | 352 Comments352 Comments  Comments
    As 2011 comes to a close, investors will reflect on one of the most tumultuous years in market history.  Though the stock markets were essentially flat on the year, those who’ve had skin in the game probably feel like they just stepped out of a barrel that went over Niagara Falls. In assessing wh...
  • Dollar Crushes Commodities.
    By on December 19, 2011 | No Comments  Comments
    The long-in-the-tooth commodities correction plunged to new lows this week.  Traders were disappointed the Fed didn’t announce a new quantitative-easing campaign, so they dumped the popular commodities with a vengeance.  But realize the primary driver of the recent commodities weakness is not th...
  • The Dollar, Gold and the Stock Market.
    By on December 14, 2011 | 300 Comments300 Comments  Comments
    Commodity expert Dennis Gartman certainly struck a nerve in the financial community as word hit the street of his call on gold in the latest Gartman Letter(subscription required). Here is the gist, as reported by Bloomberg: “Since the early autumn here in the Northern Hemisphere gold has...
  • HUI Bull Seasonals and Gold Stocks.
    By on November 19, 2011 | 51 Comments51 Comments  Comments
    After updating my gold-seasonality research last week, I heard from traders wondering how it affects gold stocks.  Since the price of gold is their primary driver, gold seasonality naturally has a major impact on gold-stock price levels.  This is readily apparent in the seasonality of the HUI, the...
  • LME Base Metals Warehouse Glut Suggests Recession.
    By on November 18, 2011 | 289 Comments289 Comments  Comments
    Here is an interesting story from a reader about huge stockpiles of metals building up, right here in the US, because of limited demand from manufacturers. Dear Mish, The link below is to a recent article in the New Orleans newspaper, the Times Picayune. I have read a lot about metal stockpiling i...

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