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Gold & Precious Metals

Optimum Entry Point for Gold and Silver Stocks

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Posted by Clive Maund

on Monday, 15 January 2018 06:42

Screen Shot 2018-01-20 at 8.29.27 AMTechnical analyst Clive Maund discusses why he believes a massive new sector bull market is about to begin in gold and silver.

When you are following the markets closely day after day it can be easy to lose sight of the big picture. So with the "everything bubble" getting closer to bursting, leading to universal mess and mayhem, there could not be a better time to look at the long-term picture for gold and silver, in order to see whether they are going to salute and go down with the ship, as they did in 2008, or constitute a lifeboat and a profitable means of escape for more fortunate investors. 

I am therefore pleased to be able to report that it will almost certainly be the latter, for reasons that we will now elucidate on the respective long-term charts for gold, then silver. 

On gold's latest 18-year chart—a time period selected to show the prior 2000's bull market in its entirety—we can readily see that a potential Head-and-Shoulders bottom has been forming since 2013, and the probability that this is the genuine article, the "real deal" is vastly improved by the dramatic increase in upside volume over the past two years as this base pattern has approached completion, which has driven volume indicators strongly higher over the past year, such that, rather incredibly, the Accum-Distrib line is already close to making new highs, which is a very bullish indication indeed.



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Gold & Precious Metals

The 2018 Stock Market Bubble vs. Gold and Silver

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Posted by Steve St. Angelo - SRSRocco Report

on Friday, 12 January 2018 06:28

The U.S. Stock Market is reaching its biggest bubble in history.  When the price of the Dow Jones Index only moves in one direction… UP, it is setting up for one heck of a crash.  While market corrections aren’t fun for investors’ portfolios, they are NECESSARY.  However, it seems that corrections are no longer allowed to take place because if they did, then the tremendous leverage in the market might turn a normal correction into panic selling and a meltdown on the exchanges.

So, we continue to see the Dow Jones Index hit new record highs, as it moved up 765 points since the beginning of the year.  Now, if w go back to 1981 when the Dow was trading about 800 points, it took five years to double itself by another 800 points.  However, the Dow Jones Index just added 765 points in less than two weeks.  It doesn’t matter if the (1) point increase in the Dow Jones today is insignificant compared to a (1) point increase in 1981, investors feel rich when the numbers are increasing in a BIG WAY.

This is the same phenomenon taking place in the Bitcoin-Crypto Market.  Crypto investors who are used to 10-20 baggers (10-20 times increase) no longer have the patience to invest in a real company that might grow on a 10-25% basis annually.  Why the hell put money in a real business that employees a lot of people when you can turn $1,000 into $50 million in a few weeks?

Unfortunately, the Bitcoin-Crypto Market has destroyed the new Millennials ability even to consider making old fashion sound investments in real capital-intensive companies.  Today, the Entrepreneurs rather make money trading Cryptos on their I-Phone, sporting a few thumbs-up Selfies, compared to the previous generation of business people doing deals out of their briefcases.

Regardless, as the stock markets head even higher, it should provide a big RED WARNING LIGHTto investors that all is not well.  I put together my first YouTube video titled, THE STOCK MARKET BUBBLE vs. GOLD & SILVER;

In my video, I show how the Dow Jones Index and certain stocks are truly in bubble territory.  I also explain why the gold and silver values compared to the Dow Jones and these stocks are tremendously undervalued.  Furthermore, I provide an update on the cost to produce Bitcoin versus Gold.

I plan on putting out 1-2 new videos each week on various subjects and believe the video platform will be able to explain some difficult concepts and analysis about how Energy and the Falling EROI will impact precious metals, mining, economy, financial system and our future society.

Check back for new articles and updates at the SRSrocco Report.



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Gold & Precious Metals

More Important Than Gold’s Bottoming Price

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Posted by Przemyslaw Radomski - Sunshine Profits - Sunshine Profits

on Thursday, 11 January 2018 07:32

Time is more important than price. That’s what we – investors – are often made to believe regarding the future price movement. And rightfully so. The price could reach a bottom several dollars ahead of the predicted price target or it could break through it, leaving investors wondering, if there was a breakdown and thus they should expect to see another big downswing shortly. With time, things are clearer. The time for a given move is up and the price reverses. When is gold likely to finally bottom?

Between August and October 2018. That’s the most up-to-date estimate based on the data that we have right now. Here’s why (chart courtesy of http://stockcharts.com).

sc-1 DykRsup

In the previous weeks and months, we wrote on multiple occasions why the current situation is similar to the 2012-2013 top and subsequent decline, so we don’t want to go into details once again today. Instead, we want to focus on the size of the follow-up action in terms of price and time.



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Gold & Precious Metals

Here are the Key Levels in Gold and Gold Miners

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Posted by Jordan Roy Byrne - The Daily Gold

on Wednesday, 10 January 2018 06:32

The rally in Gold and gold mining stocks easily surpassed our expectations and targets. The strength has been far more than we anticipated. The gold stocks blew past their 200-day moving averages while Gold blew past $1300/oz. Now it is time to take a technical look and focus on the key support and resistance targets. 

The strength of the rebound pushed the miners well beyond their 200-day moving averages and to their June and October highs. GDX is consolidating just below $24 while GDXJ is consolidating just below $35. If this consolidation turns into a correction then GDX and GDXJ could find support at their 200-day moving averages which are at $22.71 and $33.37 respectively. As you can see, should GDX and GDXJ be able to exceed recent peaks then they could rally towards important resistance levels. Those are $25.50 for GDX and $38 for GDXJ. 

01052018 gdxgdxjbars

The rally has been just as strong in Gold as it surpassed resistance in the $1300-$1310/oz zone. Gold closed the week at $1322/oz. Should Gold pause or correct here then the sellers could push the market down to previous resistance but now current support at $1300-$1310/oz. Trendline resistance will come into play near $1340/oz while the 2016 and 2017 peaks would provide resistance in the $1350-$1370/oz zone.



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Gold & Precious Metals

Gold: The Significance Of $1320

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Posted by Stewart Thomson - Graceland Updates

on Tuesday, 09 January 2018 06:10

Jan 9, 2018

  1. I told subscribers to expect $1320 to function as a headwind for gold on this rally, and that’s happening right on schedule. To understand the nature of this headwind, please  click here now. Double-click to enlarge this important weekly gold chart.
  2. Note that the two biggest volume bars both occurred as key events in India occurred. It could be said that when America catches a general stock market cold, world markets get the flu. 
  3. Horrifically, when India catches the gold demand sniffles, Western gold and silver stocks can look like they have financial Ebola.
  4. It’s clear that $1320 has functioned as a significant headwind to all the major rallies of the past four years. The good news is that technically, resistance weakens the more times it is tested. I’ve predicted that gold is nearing the day when it shoots up above $1320 and begins the climb towards the next massive resistance zone at $1500.
  5. Will India be the catalyst that launches the price blast to the upside? Well, that’s the most likely scenario, but a big helping hand could come from new central bank chief Powell in America. He’s due to be sworn in on February 4, 2018. That’s less than a month from now.
  6. Powell’s proposed deregulation of America’s small banking industry, combined with rate hikes and quantitative tightening (QT) should create a major money velocity bull cycle.That bull cycle is more important to gold stocks than bullion. There’s no point buying gold stocks if they can’t outperform low risk bullion.
  7. For bullion, the most likely catalyst for significantly higher prices is a long overdue gold import duty cut in India.
  8. The good news is that I’m predicting that both a duty cut and the US money velocity bull cycle are coming. India has national elections in 2019 and Prime Minister Modi’s promises to help jewellers and create a million jobs a month are dismal failures.
  9. To win the election, it’s likely that Modi soon starts spending money like water and asks his finance minister Jaitley to cut the gold import duty. With both India and Powell poised to take action that is positive for gold, all precious metals market investors (both bullion and mine stocks) should feel very comfortable now.
  10. For a closer look at gold’s price action here in the $1320 resistance zone, please  click here now. Double-click to enlarge.


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