Gold, Rarely a Rush
We’ve had two posts on gold over the past few months, one in March and one this week. Both centered around the idea that the metal was either posed or had actually managed to close above its 12 month MA…...
Gold Risk/Reward Set-up Remains Asymmetric
In March of this year I noted in this post that if gold was able to close that month > $1,320 it would have also closed above its 12-month MA for the first time in at least a year (16…...
Silver Breakdown?
On 2/19/14 we used some robust historical stats on gold to suggest a position in the PM space w/ related miner exposure. At the time gold stood at ~$1,320 and silver ~$21.50, resulting in ~3% and 12% losses, respectively if…...
Gold Offers Favorable Risk/Reward Set-Up, But in Which Direction?
A few weeks ago on 2/19/14 we made a high conviction call to buy gold and related miners. Our thesis in that post was based on two historically bullish price action characteristics that the metal was then exhibiting including: Gold…...
PM/FX Crossroads
Fairly simple chart today with fairly straightforward conclusions. Below you’ll find that gold and the USD are at critical crossroads with the former/latter facing two-year resistance/support. The USDs chart is particularly intriguing to the extent that the support line in…...
The Conundrum that Remains Gold?
With its 2/13/14 close of $1,302 gold managed to close above its 200 day moving average (MA) for the first time since 2/8/13, or for the first time in over a year. Dating back as far as I have daily…...
Short-Term Trading Opportunity
Be owners of PMs and related items before the Fed meeting concludes today. This is a very short-term opportunity. Wanted to get this out pre-FOMC today. Per the silver post-bubble analog chart below, the next three weeks have the metal…...
Has the Gate Become Sufficiently Narrow?
The history of gold since the 60s is one of major multi-year rallies, followed by major multi-year sell-offs, followed by another leg of major multi-year rallies and so on. Forgive the self-indulgent melodrama, but a quote from Matthew 7:13 might…...
Lower-Risk/Higher-Reward Spread Trade Idea Useful for Those Looking to Deploy Excess Cash Balances
In the following chart we show the ratio of the Nikkei vs. gold. Into its 2012/2013 low of ~5, this ratio had fallen ~90% from its 2000-era high of ~70. However, upon hitting 12.38 last week, note the ratio has…...
Gold & Related Miners…Will the Bloodletting Ever Cease?
We’ve spent a significant amount of time on silver over the past year on this site, largely at the expense of gold. We harbor no bias against gold, we’ve simply not seen any noteworthy set-ups from which to develop a…...