The precious metals complex rebounded strongly in August and September, which is typical when the larger trend is bullish. We believe the larger trend turned bullish with the bottom in May. However, weeks ago we noted targets of $1800 for Gold and 57 for GDX as resistance points. The market ... Read More
Category: Jordan Roy-Byrne
11
Sep2012
Gold and silver stocks are not only the most volatile sector but the highest beta sector. Therefore the percentage moves can be quite exaggerated relative to the market. Currently, the shares have emerged from a W bottoming pattern. They have gained substantially (in percentage terms) in just the past month. ... Read More
September 11, 2012chanakya
26
Aug2012
Three weeks ago we wrote that the short-term outlook in precious metals was bullish. Quoting our conclusion: “The bottom line is this sector is very close to a breakout which would likely confirm the May bottom. The price action has started to improve and the sector has not been deterred by the ... Read More
August 26, 2012chanakya
20
Aug2012
Knowing that it’s very likely that Gold and Silver have bottomed, we feel it is time to look at the charts and assess what may or may not be in store over the next year or two.
Gold has consistently made impulsive advances that were digested by multi-quarter corrections and eventually ... Read More
August 20, 2012chanakya
17
Jul2012
There are two drivers of stock prices: valuation and earnings. Valuations are very much driven by investor sentiment while earnings are driven by revenue and margins. In recent months we’ve devoted some time to the three phases of a bull market. These are the stealth phase, wall of worry phase ... Read More
July 17, 2012chanakya
10
Jul2012
In researching past equity bull markets, we’ve found numerous similarities between all. Each bull market has three clearly defined phases. The last phase of each bull market is driven by valuation expansion which is made possible through the wall of worry phase in which valuations contract and the weak hands ... Read More
July 10, 2012chanakya
07
May2012
As the gold stocks continue to fall to new lows and struggle to find a bottom, it is important to keep things in perspective. Before we get to the visual comparison with the 1960s and 1970s, we want to touch on the reasons why the gold stocks have underperformed in ... Read More
May 7, 2012chanakya
06
Feb2012
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Speculating and investing in this sector is difficult. It is a far more difficult industry than others and that is why companies continue to struggle and fail even with the luxury of high metals prices. We’ve written extensively ... Read More
February 6, 2012chanakya
05
Jan2012
All bull markets have to endure a plethora of corrections and all bull markets have to endure a handful of major corrections. The gold stocks are no different. In fact, due to nature of the mining business and the high-beta status of these stocks, it is very easy for investors ... Read More
January 5, 2012chanakya
20
Dec2011
One thing that is intriguing about the precious metals sector is the vast composition of the companies in the sector. The entire equity sector can be divided in so many forms and ways. We can divide the gold and silver stocks, the producers and non producers, the explorers and the ... Read More
December 20, 2011chanakya