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 | Mike Maloney - Goldsilver |
 Common Gold Silver Pitfalls to Avoid  |
| Investing in gold and silver may seem simple and straightforward, however it is not.
There are many types of ( quote, unquote ) "investments" in gold and silver you will want to avoid.
Gold and silver dealers are no different from any other industry or crowd of people.
Within our industry you will find many good honest professionals and organizations, but you will also find some bad outfits whose practices can be described as underhanded, even criminal.
Being the Managing Director ofMonday, November 16, 2020 |
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 | Jordan Roy Byrne - The Daily Gold |
| Precious Metals Bull Analogs Update |
| By Jordan Roy-Byrne CMT, MFTAWe started employing analog charts during the latter stages of the seemingly forever bear market in precious metals. Comparing current to past trends by using price data is not considered technical analysis but it is extremely valuable because history tends to repeat itself. It also helps us identify extremes as well as opportunities. For example, in 2015 it was clear the epic bear market in gold stocks was due for a major reversal. Today, precious metals appear to bWednesday, September 13, 2017 |
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| Graham Summer - Gains Pains & Capital |
| Five Charts Showing Why Gold Stocks Have Never Been This Cheap! - 1 Year Later |
| 1.
It appeared the gap between the S&P and the Bloomberg Commodity Index was finally beginning to close when we first published this chart. However, it was apparently just a flash crash for the S&P 500 as the index continues to climb, while commodities in general continue to languish. Gold remains the strongest commodity, however, its recovery still has not been able to move the commodity index as a whole, unlike in previous bull runs.
2.
Investors rejoiced as the TSX Venture bear market finalFriday, June 24, 2016 |
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 | Hubert Moolman |
| Fractal Analysis Shows Coming 70s Style Gold Stocks Rally From Even Cheaper Levels |
| In terms of the gold price, gold stocks are currently at better value than at the beginning of the bull market in 2001. In 2001, at the bottom of the gold bull market, the XAU to Gold ratio was around 0.2 compared to 0.05 today. In other words, gold stocks are cheaper than they were in 2001. In fact, they are cheaper than they have been the last 78 years at least.
If you are confident that the goWednesday, March 16, 2016 |
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| Jordan Roy Byrne - The Daily Gold |
| Precious Metals Test Initial Resistance |
| The precious metals sector, after failing to breakdown has enjoyed a strong
rally in recent weeks. Gold, Silver and junior gold miners (GDXJ) have reached
their 200-day moving averages with senior miners (GDX) close behind. While
this is a positive development it does not yet signal that the sector is embarking
on a new bull market trend. There are a few things to keep an eye on over the
days and weeks to come that can help us determine if a new bull market is taking
shape.
While theSaturday, October 17, 2015 |
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| Jordan Roy Byrne - The Daily Gold |
| Precious Metals Get a Reprieve |
| The precious metals sector has held recent lows and a rebound is underway.
Gold held $1080/oz for three straight weeks and has pushed as high as $1126/oz
this week. The gold miners (GDX and GDXJ) surged the first half of the week
and Silver has also gained. We believe that this move is more likely to be
a relief rally before Gold ultimately tests $1000/oz rather than the start
of a new bull market.
Gold's weekly candle chart is posted below and at the bottom it includes the
net specuFriday, August 14, 2015 |
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| Jordan Roy Byrne - The Daily Gold |
| Are Gold Stocks the Cheapest Ever |
| Everyone knows that this has been a devastating bear market for the gold mining
sector. If you have followed our work you know that it is the second worst
cyclical bear market in at least 80 years. Obviously, gold mining stocks have
been crushed. Then they became cheaper, then cheaper and then really cheap.
Yet, we may not realize just how cheap this sector has become both in nominal
and relative terms.
Below we plot the Barron's Gold Mining Index (BGMI) against Gold. The BGMI
datesFriday, April 24, 2015 |
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 | Steve Saville - Speculative Investor |
| The problematic comparison with the 1970s |
| We suspect that the gold bull market that began in 2001 is, in very rough terms, an elongated version of the 1971-1980 bull market. Part of our reasoning is that there is evidence in the performance of the gold-mining sector of a bullish gold trend beginning in the early-1960s, with gold itself being unaTuesday, April 7, 2015 |
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 | Dan Popescu - GoldBroker |
| Gold and Silver – Year 2014 in Review |
| January is the time to look back at what has or hasn’t happened during the previous year. I will try, in this short review, to analyze the gold and silver market in 2014. In my next article, I will look at what could happen in 2015 for gold and silver. People often criticize me for showing long-term charts. Most often it is traders who consider anything older than a year useless and those who look back to 1970 as relics of Antiquity. However, it is a big mistake to ignore History. It does repeatTuesday, January 20, 2015 |
|
 | Ed Bugos |
| GOLD: Will Bulls Or Bears Prevail |
| First: A Small But Not Irrelevant Distraction,
I had to pinch the above graph from an informative article written by a writer named Grant Williams on the Swiss Gold Initiative, the subject of a referendum in roughly 30 days, spearheaded by Swiss MP Luzi Stramm and fund manager and writer Egon von Greyerz. Mr. Williams is correct in that a lot of gold analysts have written off the referendum as unlikely in their outlook for gold prices. He explains, however, that due to a quirk in Swiss lawThursday, November 6, 2014 |
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| Jordan Roy Byrne - The Daily Gold |
More Downside Ahead for Precious Metals  |
| Last week we argued that the underperformance of the gold miners during Gold's
rebound was a bad sign. Since then the miners have plunged to new lows while
Gold appears to be at the doorstep of a major breakdown below $1180. It shouldn't
be a surprise as it would simply be following the miners and Silver. The current
bear market is getting very long in the tooth but it is not yet over. We see
more losses ahead before a potential lifetime buying opportunity.
The HUI Gold Bugs Index is oSunday, November 2, 2014 |
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| Steve Saville - Speculative Investor |
| Why is gold mining such a crappy business |
| That gold mining has generally been a crappy long-term investment for almost five decades is evidenced by the following chart. The chart, much of the data for which were provided by Nick Laird of www.sharelynx.com, shows the ratio of the Barrons Gold Mining Index (BGMI) and the US$ gold price from 1920 through to the present*. More specifically, it shows that, relative to gold bullion, the group of gold-mining stocks represented by the BGMI has been in a secular decline since 1968 and is now cloMonday, October 20, 2014 |
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| Dan Popescu - GoldBroker |
| Gold Sentiment – How Bad Is It |
| After the original drop in gold price from the top of $1,920 per ounce in 2011 to $1,180 per ounce in 2013, gold has started a sideways consolidation triangle pattern. Is this a correction, or is it just a pause within a move that will retrace the whole move since 2009? What does sentiment tell us?
The gold market is a very opaque one and very hard to analyse. The amount of gold exchanging hands outside the markets is enormous. China seems to continue buying in a very discrete way and shows regWednesday, September 24, 2014 |
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| Dan Popescu - GoldBroker |
| Gold vs Barron’s Gold Mining Index (BGMI) |
| One cannot understand gold without understanding its supply side. Although gold production accounts only for 1.64% of existing above-ground gold, it still represents 64% of the gold market supply. Can we predict the price of gold by observing the gold mining index? As a reference for this article, I have chosen the Barron’s Gold Mining Index (BGMI), since it has been published since 1940 and thusly provides a long basis for analysis.
Firstly, one has to know that shares of a mining company areMonday, June 2, 2014 |
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| Jordan Roy Byrne - The Daily Gold |
| How Much Can GDX and GDXJ Gain in 2014 |
| In recent months we compared the bear market in gold stocks to bear markets
of the past. Readers were probably getting sick of seeing our bear analogs
chart which made the case that a major bottom was coming. The good news is
the major bottom is in and now we can compare the current recovery with past
recoveries. GDX and GDXJ continue to form a very bullish bottoming pattern
and we want to see how their measured targets (and potential upside) mesh with
historical recoveries.
The follSaturday, February 15, 2014 |
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| Jordan Roy Byrne - The Daily Gold |
| Gold Stocks Nearing Major Bottom |
| In early November we made the case that precious metals were in danger of
a final plunge before a bottom. The decline that ensued has abated in recent
days. It appears that a short-term rally is underway. The bear market is very
close to ending but we can't say definitively just yet.
The chart below shows all of the worst bear markets in gold stock history.
For the current bear market (black) we replaced the HUI Gold Bugs index with
the XAU index. The reason is the XAU is a better reflThursday, December 12, 2013 |
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| Jordan Roy Byrne - The Daily Gold |
| Precious Metals: Today's Similarities with 1976 |
| Mark Twain said history doesn't repeat itself but it rhymes. We often see
that in the capital markets. The big decline in Gold this year is reminiscent
of that of 1975-1976. Yet, aside from that there are several other similarities
between today and 1976. Gold, gold stocks, the stock market and commodities
appear to be in a similar position today compared to 1976. We note and discuss
the four similarities.
1. Decline in Gold Stocks
From 1974 to 1976 the Barron's Gold Mining Index decliSaturday, October 19, 2013 |
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| Steve Saville - Speculative Investor |
| Interpreting the gold sector's long-term performance |
| The main reason that this year's huge decline in the gold-mining sector took us by surprise is that we didn't seriously consider the possibility that a major/primary correction began in September of 2011, and one of the main reasons we didn't seriously consider this possibility was our belief that a primary correction had happened as recently as 2008. It didn't seem realistic that there would be a gap of only 3.5 years between the start of one primary correction and the start of another primaryTuesday, July 30, 2013 |
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 | Adam Brochert - Gold Versus Paper |
| Gold Stocks - All Perspective Has Been Lost |
| Many recent published commentaries appear to have lost perspective on the now much-hated Gold stock sector. The fact of the matter is that, technically, the secular bull market in Gold stocks has not even been confirmed. I do believe that in retrospect, the late 2000 bottom in Gold stock indices will be "the" bottom, much like the 1974 bottom in the Dow Jones Industrial Average (DJIA) was the true nominal bottom in this common stock index at that time. Here is a long term chart of the DJIA fromMonday, July 22, 2013 |
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