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 [...]
There are few markets that can be more psychotic than the precious metals as they can turn on a dime and crush the unsuspecting. After making a double top in the $1920 area just a couple weeks ago Gold hit $1535 over night and came close to reaching the 200 day moving average which is [...]
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 [...]
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 [...]
Ever since we asked whether or not precious metals had bottomed back in May we have seen a persistent uptrend in gold. Other than the last week of June gold prices have been extremely resilient even during times of declining silver and Euros. Silver has been in a bit of a funk comparatively after hitting [...]
