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Gold Set to Correct but Internals Remain Bullish

Editorials, Featured /

Last week we wrote that near-term risk in precious metals (Gold and GDX especially) was rising and a correction could begin soon.  As Gold nearly reached major resistance at $1550/oz, the miners already began to correct. That negative divergence is an ominous signal for the sector in the short term. However, the good news is, … Continue reading “Gold Set to Correct but Internals Remain Bullish”

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Interview: Gold Stocks Lagging Gold Now

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Jordan Roy-Byrne, Founder of the Daily Gold joins me to share his thoughts on how the gold stocks are reacting compared to some other highly correlated markets. There is good reason for a correction in gold and the stocks are telling us that however this run just keeps on going. Remember a correction would be … Continue reading “Interview: Gold Stocks Lagging Gold Now”

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Near Term Risk In Gold is Increasing

Editorials, Featured /

Last week was another strong one for the precious metals sector.  Gold gained a whopping $51/oz or 3.5%. The gold stocks (GDX, GDXJ) advanced by roughly 6%. Silver gained 4%. Momentum in the sector began to build once Gold surpassed resistance at $1420-$1425/oz. We had noted the lack of resistance from $1425 to $1525-$1550/oz.  Gold … Continue reading “Near Term Risk In Gold is Increasing”

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