» Metals

The Federal Reserve shocked the financial world last week, defying universal expectations.  It failed to start reducing the pace of its third quantitative-easing campaign’s debt monetizations, delaying the long-anticipated QE3 taper indefinitely.  This surprise ignited sharp moves in nearly all ...

On Thursday gold broke down below important support, declaring, in our opinion, that the bear market rally from the June low is over. Today the decline continued, but at a much slower pace, so we should probably look for a short snapback rally very soon. ——————&#...

Gold just about reached our initial upside target at its intermediate-term 30-week moving average 10 days ago, and has been pulling back from that resistance since. Is it just a short-term pullback to retest the short-term support at its 30-day m.a., or the end of its bear market rally already? Glo...

Gold denominated in Indian rupees just skyrocketed up near record highs, a far cry from recent dollar-gold action.  Much of this extraordinary rally was fueled by the near-collapse of the Indian currency to new record lows against the US dollar.  India’s deepening currency crisis has major impli...

Gold’s precipitous decline in the first half of 2013 sent shockwaves throughout the entire mining industry.  Its scary panic-induced 28% plunge over just six months has forced the miners to revisit their development plans.  And this will no doubt have an adverse impact on global mine production ...

The flagship GLD gold ETF has suffered a radically unprecedented mass exodus this year.  The capital fleeing this single vehicle was the primary reason gold plunged so dramatically in 2013’s first half.  But just this week, money started flowing back into GLD for the first time in months.  This...

Gold has been in a significant bear market since reaching a record high at $1,910 an ounce in 2011. In its collapse gold bullion lost $705 an ounce or 37% of its value to the recent low at $1,195. The gold mining stocks, as measured by the XAU Index of Mining stocks, crumpled even more dramatically,...

The lower right chart reflects the most recent COT numbers, reflecting that smart money traders have accumulated a very large long position in Silver.  Why do I say smart money? Only due to the fact that other times they took this position Silver rallied. CLICK ON CHART TO ENLARGE The lower rig...

The dollar spiked up from the June low to overhead trendline resistance where it triggered another sell signal on technical indicators, and has been plunging back down since. Gold tends to move opposite to the dollar. And it tried to rally as the dollar began to decline again. But was it another fa...

Silver has suffered a miserable year so far, bludgeoned by gold’s unprecedented selling anomaly.  The exceptional weakness in both metals was greatly exacerbated by futures speculators piling on short-side bets.  But with silver shorts hitting record extremes, a super-bullish short squeeze now l...

Gold stocks are actually enjoying a great month, a stark contrast to this year’s brutal death spiral lower.  But after catapulting up by more than a quarter in less than a month, investors are wondering what to do next.  Is it time to cut losses before the catastrophic plunge resumes, or double ...

Gold has made some good progress in the last three weeks, and not surprisingly, so has the Gold & Silver Mining Index (XAU). When we looked at the chart recently, we saw a number of features worth talking about. ————————– (This is an excerpt...