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Wednesday
Sep122018

A Mini Bounce in the Gold Bugs Index HUI

The inverse correlation between gold and the dollar was alive and well today as the dollar dropped below the critical level of 95 and gold bounced up to $1210/Oz.

Click to read more ...

Tuesday
Sep112018

Multi-Billionaire Hugo Salinas Price – I’ve Seen Many Terrible Financial Collapses In My 86 Years But What Is Coming Will Be Very Nasty

Hugo Salinas Price

As trading continues during Fed week, today Multi-billionaire Hugo Salinas Price warned he’s seen many terrible financial collapses in his 86 years but what is coming will be very nasty.

After 86 Years On This Earth, This Is What I Learned

Click to read more ...

Thursday
Sep062018

Gold Mining Stocks Still in Weak Hands (Part Three)

Preamble

On days like this I feel like a script writer for a soap opera:

“Previously on Desperate Investors………..” you get my drift as we recently wrote:

This is a capitulation of sorts, but it may not be final at this point. The selling of this sector creates more selling as the stops are hit on the way down. Investors lose heart and decide to end the pain and make no mistake this is painful

There is blood in the streets but I’m not sure that this particular bloodbath is over just yet.

Click to read more ...

Thursday
Aug302018

A Gold Bloc For Iran, Russia, And Turkey...Oh My!

How will Iran, Russia, and Turkey react to the plethora of financial sanctions being placed on them by the United States?  Well, they will do what anyone being beaten with a stick would do: they will try to escape.

An escape is always

Click to read more ...

Wednesday
Aug292018

"Inflation Will Run Amok", DiMartino Booth Says "Gold Is The Ultimate Hiding Place"

Danielle DiMartino Booth

Former Fed insider Danielle DiMartino Booth is sure the Fed is going to raise interest rates again at the September meeting.

Why? DiMartino Booth explains, “I think he’s (Jerome Powell) the most independent Fed Chair in the past 30 years, and I think he’s going to raise rates regardless of what is happening in politics..."

Click to read more ...

Tuesday
Aug282018

Greyerz – The Price Of Gold Is About To Skyrocket As We Enter The “Dark Years


As the world edges closer to the next crisis, today the man who has become legendary for his predictions on QE and historic moves in currencies, told King World News that the price of gold is about to skyrocket as we enter the “Dark Years.”

Click to read more ...

Monday
Aug272018

$174,000 per Ounce Gold Not Funny–Scary – Jim Sinclair & Bill Holter

 

By Greg Hunter’s USAWatchdog.com (Early Sunday release)

Renowned gold and financial expert Jim Sinclair and financial writer Bill Holter are sounding the alarm now on global financial markets starting to burn down and implode. Sinclair and Holter are business partners at the popular financial website JSMineset.com. Sinclair explains, “‘When’ is the question we are asked constantly by our viewers and readers. . .

Click to read more ...

Monday
Aug202018

Gold Mining Stocks Still In Weak Hands (Part Two)

Preamble

The Gold Bugs Index, the HUI closed at 138.98 recently as after umpteen tests of 180 level it finally failed, and the precious metal stocks went into freefall. Since the HUI peaked in 2011 at 630 it has fallen 77.93% (630-139) and this last month we witnessed a form of capitulation in this tiny sector of the market.

The underlying commodities of gold and silver have also fallen from grace having penetrated their upward trendlines via a vicious downswing in dramatic fashion.

As we wrote recently we need to reassess the recent movements with the view to deciding whether this is a buying opportunity, a time to hold or a time to ditch our stocks and run for cover.

There are many reasons for this capitulation in the precious metals sector that need to be considered, however, for today we will focus on what we believe is the main reason for the battering that sector is going through; the US Dollar

A Quick Look at The Charts of the HUI, Gold and the USD

The following charts of the US Dollar and gold show us that the inverse relationship between the gold and the dollar is alive and well.

First the chart of gold where we can see that golds upward trendline has been tested and failed in no uncertain manner. The technical indicators are firmly in the oversold zone with the RSI standing at 22.55 suggesting that a bounce is on the cards, however gold needs a spark, an ignition, some sort of catalyst in order to reverse its fortunes.

 

Next is the chart of the US Dollar where we can see that it has made good progress since May and has challenged the resistance level of 95 a number of times before finally making a breakthrough to trade close to the 97 level.

more....

 

If you would like to know which stocks we are buying and selling please join us atStock Trader our premium investment service.

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Wednesday
Aug012018

Krugman Skeptical About Crypto, Predicts Collapse

 

Authored by Max Yakuboeski via CoinTelegraph.com,

Nobel Prize winning economist Paul Krugman has expressed his skepticism about the value of cryptocurrencies in a New York Times Opinion piece published July 31.

Click to read more ...

Tuesday
Jul242018

Gold Mining Stocks in The Dog Box for Now

Preamble

The Gold Bugs Index, the HUI closed at 168 recently having tried to hold but falling through the support at 180. The HUI remains some 73.33% off its high (630-168) made in 2011. This poor show is a disappointment and something of a puzzlement for gold bugs around the world. Since 2016 gold has been in an uptrend but has recently pieced its support causing concern for those investors who still hold gold and silver stocks. Silver prices have staged some moderate rallies but overall, they have been heading south with a corresponding lacklustre performance by the stocks.

As speculators we now have to reassess the current situation and ask whether we should sell, hold or look upon this unloved sector as a buying opportunity.

A Quick Look at The Chart of the HUI


Lacklustre progress...............

 More........

gold , silver and the miners have us back on a knife edge in terms of which way will they go next.....

If you would like to know which stocks we are buying and selling please join us atStock Trader our premium investment service.

Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199

If you are new to investment in the precious metals sector then you can subscribe of our FREE newsletters regarding gold stockssilver stocks and uranium stocks, just click on the links and enter your email address and we will email you our articles along with other interesting posts.

Please remember to check your spam folder once you have subscribed to ensure that our verification email has not gone astray and you are getting our emails.

 

 

 


 

Winners of the GoldDrivers Stock Picking Competition 2007 

 

 

 Follow us on TWITTER @goldprices