Gold (GLD) has been the star performer this year in the precious metals arena as it’s up about 27% on the year and appears poised to move higher. the silver etf (SLV) was briefly the star last spring before flaming out after reaching the 1980 high of roughly $50. Gold had a similar parabolic run [...]
Both silver and gold have joined the risk asset plunge as the U.S. Dollar once again becomes the safe haven of choice. Gold which has been the safe haven most of the year is currently down over $80 after making a double top in the $1920 area. Deflation is back on the table as the [...]
Over the past several years investors have treated copper as a leading indicator of global economic health. If this is the case, copper and the copper etf (COPX) are predicting a bleak future. Copper prices are reliant upon growth in the emerging markets (especially China) and the emerging markets are reliant upon exports to the [...]
Looking at a chart of the recent price action in Gold and the Gold ETF (GLD) you can see many striking similarities with the April top in silver futures prices. First of all, if you take a look at the two charts below you will see that chart patterns are almost identical. Gold Chart Showing [...]
It seems like the emerging markets have been struggling for a long time already. China, India and Brazil all topped out in the beginning of last November and had been struggling long before the U.S. market rolled over. Russia soared with QE2 then topped out in January and has given back all the gains. Now [...]
