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Gold & Precious Metals

Eric Coffin SPECIAL $7 OFFER

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Posted by MoneyTalks Editor

on Friday, 10 March 2017 16:31

hra takeouts

Being first has its advantages. And subscribers to Eric Coffin's Hard Rock Advisory have enjoyed those advantages to the fullest, particularly over the last 18 months. Consider just the takeouts alone listed here. And the recommendations go on - Silvercrest Metals, Vendetta Mining, Almadex Minerals, GMV Minerals. Eric's remarkable string of stock picks in the junior mining space in 2016 suggests more is yet to come in 2017.

AS A MONEYTALKS ONLY SPECIAL - we are able to offer our listeners and subscribers a chance to try HRA for a ridiculous price of only $7! That isn't a typo. $7.00. No strings attached.

CLICK HERE to subscribe and start reading Eric's picks right now.

~ Editor



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Gold & Precious Metals

Silver Market Poised For Big Reversal When Institutional Investors Move In

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Posted by Steve St. Angelo - SRSrocco Report

on Friday, 10 March 2017 07:09

The Silver Market is going to experience a big reversal when the Hedge Funds and Institutional investors rotate out of highly inflated stocks and into precious metals investments.  This is not a matter of if, it’s a matter of when.  And the when, could be much sooner than we expect due to the huge problems with the U.S. debt ceiling deadline on March 15, 2017.

As I mentioned in my previous article, POWERFUL GOLD & SILVER COILED SPRINGS: Important Charts You Have To See, I posted this chart of the 2,000 point drop in the Dow Jones early in 2016 versus a huge spike up in gold and silver:

Dow-Jones-vs-Gold-Silver-2016

At the beginning of 2016, the Dow Jones Index fell to a low at 15,600 level, 5,000+ points lower than what it is trading currently,while the gold and silver price surged higher. The fundamentals of the Dow Jones Index is more rotten than ever.  Wolf Richter wrote about this in his article, Dow Companies Report Worst Revenues since 2010, Dow Rises To 20,000 (LOL).

Furthermore, the Dow Jones Index is seriously overdue for a correction:



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Gold & Precious Metals

Gold & Bank Stock Lovebirds

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Posted by Stewart Thomson - Graceland Updates

on Tuesday, 07 March 2017 09:34

Mar 7, 2017

  1. A week ago I talked about the “need to bleed” for gold stocks. Since then, it could be said that the blood has flowed with gusto.
  2. Until the March 15 FOMC meeting is out of the way, gold and associated investments will be vulnerable against the dollar.
  3. Please  click here now. Double-click to enlarge this GDX chart. 
  4. As Chinese new year celebrations waned in February, GDX began trading in a modest broadening formation. Broadening formations tend to be resolved in a somewhat violent manner.
  5. In this case, the breakdown from that formation created a droopy right shoulder of an inverse head and shoulders bottom pattern. The shoulder is droopy because there is considerable market concern about the upcoming FOMC meeting next Wednesday.
  6. There is good news for gold stock enthusiasts, though. To view it, please  click here now. Double-click to enlarge. The Fed’s first rate hike created an enormous rally in gold, silver, and associated stocks.
  7. That’s because rate hikes incentivize banks to move money out of government bonds, and into the fractional reserve banking system, where it can be loaned out aggressively. 
  8. The result is a boost in money velocity and inflation. Gold stocks mount sustained rallies in that environment.
  9. In late 2016, Janet Yellen suggested an aggressive pace of rate hikes in 2017 would be her play, but most analysts didn’t believe her. After all, back in late 2015 she promised that there would be four rate hikes in 2016, and there was only one.
  10. Gold stocks swooned in mid-2016 when it became apparent that the rate hikes needed to boost money velocity would not be happening.
  11. A rate hike next week should quickly produce “Rate Hike Rally #3” for gold stocks. Also, I should note that the inverse H&S bottom pattern for GDX could become a double bottom pattern.
  12. Double bottom patterns create substantial fear amongst investors, more so than any other technical market pattern. For a double bottom pattern to be valid, volume needs to be less on the second bottom, and so far that’s the case with GDX.
  13. Tactics? I covered off some GDX short positions in the $23 area, and have started buying GDX in small size. Until the FOMC meeting is done, I’ll use my unique pyramid generator to systematically buy any further price weakness in GDX.
  14. Please  click here now. Double click to enlarge. Gold bullion has not fallen much since arriving at my last selling area of $1265.
  15. It appears that gold will make a low somewhere between $1220 and $1200 by the FOMC meeting, and a rally will begin from there.
  16. It’s important to buy gold stocks and silver stocks around support zones for gold bullion. The buy size should reflect the size of the support. The $1220 and $1200 support zones are modest in size, so buy size should also be modest. 
  17. For gold stocks to have the kind of sustained bull cycle that gets most gold bugs really excited, it’s going to take many more rate hikes and a reversal in money velocity. 
  18. That has yet to happen, but Rome, and substantial inflation, are not built in a day! 
  19. To view the rate hike oriented inflation building process in action, please  click here now. When I first predicted that the Fed would taper QE to zero and begin a hiking cycle, I suggested that bank stocks would massively outperform the rest of the US stock market, and that would be followed, slowly, by a key reversal in money velocity. 
  20. All is playing out according to my prediction, but gold stock investors need to understand that two rate hikes in two years are not going to produce a key reversal in money velocity. More hikes are required, and the good news is that more are coming!
  21. Please  click here now. Double-click to enlarge. This chart of the BKX bank stocks index versus the S&P500 shows bank stocks have delivered the massive outperformance I predicted, and that’s after just two rate hikes.
  22. All gold stock enthusiasts should also be bank stock enthusiasts. Here’s why: In a market meltdown, banks tend to get gargantuan free money handouts from governments, albeit at the expense of working class taxpayers. They get food stamps, bowls of soup, and cracker crumbs. 
  23. This makes the ability of banks to survive market downturns truly remarkable. The potential upside reward for bank and gold stock shareholders during a long term hiking cycle is fabulous.
  24. Gold stocks and bank stocks are like lovebirds. As the Fed steps up the pace of nominal hikes in 2017 and 2018, that hiking will make real rates (inflation minus the nominal rate) drop further.  Money velocity should reverse by late summer, just in time for gold’s strong season!

Thanks! 

Cheers

Stewart Thomson

website: www.gracelandupdates.com



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Gold & Precious Metals

Gold Market Correction Tactics

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Posted by Morris Hubbartt - Super Force Signals

on Friday, 03 March 2017 10:39

posted Mar 3, 2017

Today's videos and charts (double click to enlarge):
  

Silver Versus Gold Video Analysis

1mh


SFS Key Charts & Tactics Video Analysis



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Gold & Precious Metals

Gold Stocks’ Enormous Daily Slide

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Posted by Przemyslaw Radomski - Sunshine Profits

on Wednesday, 01 March 2017 14:18

Feb 27th was just another period of back-and-forth movement for gold, silver, the USD Index and even the general stock market – but not for precious metals mining stocks. Gold stocks and silver stocks plunged very visibly - there are very important implications of this move and they are not bullish.

Let’s take a closer look at the charts (charts courtesy of http://stockcharts.com), starting with the GDX ETF (proxy for both gold and silver stocks).

1 

Precious metals mining stocks declined on huge volume and the fact that this happened without the metals’ lead is profound. Miners were a leading indicator in the recent past as well as in the previous years – including the time before THE plunge of 2013. We discussed that in greater detail in yesterday’s gold trading alert, while describing the situation in gold stocks (using the HUI Index as a proxy):



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