Via Energy and Gold.com: While the gold miners (GDX) continue to experience significant day to day volatility the ratio chart of GDX relative to the S&P 500 (SPY) shows a clean double-bottom pattern with a notable bullish momentum divergence:   GDX/SPY (Daily)  The October/November decline in the miners made a marginal new low in the… Continue Reading

Keith Schaefer is the editor and publisher of the Oil & Gas Investments Bulletin which finds, researches and profiles growing energy companies that Schaefer buys himself. He is also one of the most respected names in the investment newsletter space and correctly anticipated the dramatic crude oil decline of 2014. Energy & Gold’s Scott Armstrong caught up… Continue Reading

Via Energy and Gold.com: Gold futures speculators have moved into full capitulation mode in recent weeks. The liquidation we have seen in gold since the October highs is one for the record books; a more than 135,000 contract reduction in net long exposure for a net notional amount of more than $15 billion:   There… Continue Reading

Via Energy and Gold.com: With all the messiness that’s occurring in Syria it’s surprising that something worse (from a geopolitical standpoint) than this morning’s shootdown of a Russian fighter jet by Turkey hasn’t already happened. Here’s a cute graphic from Citi that hopes to explain what is a very murky situation in Syria:   Crude… Continue Reading

Via EnergyandGold.com: Precious metals have had an awful month of November thus far with both silver and gold suffering significant declines while posting record losing streaks. Most notably silver has posted a record 14 consecutive losing sessions and is currently working on a 15th as I write this:   Silver (Daily) Several things stand out to me… Continue Reading

Via Energy and Gold.com: Noted market technician and fund manager J.C. Parets is a long time friend of CEO.CA and EnergyandGold.com. We had the pleasure of sitting down with J.C. and picking his chart filled brain as to what he’s seeing right now across global markets and asset classes. As is his style, J.C. did… Continue Reading

Via Energy and Gold.com: This morning’s stronger than expected monthly payrolls report has sent the US dollar index soaring and gold tumbling: US Dollar Index (December futures)   Gold (December futures) Gold smashed through minor support around US$1100 and now finds itself perilously close to making fresh 5+ year lows. The summer low at $1072.30… Continue Reading

Via Energy and Gold.com: Here’s the quick take on gold via Morgan Stanley:     Clearly a bearish view on gold from MS, also not a very deep view either. This is a classic example of what Howard Marks calls “first-level thinking”. All of the points mentioned are known and already discounted by the market;… Continue Reading

Via Energy and Gold.com: The gold miners (GDX) have rallied a whopping ~35% in the last month. However, we have seen this movie before and watched many rallies quickly fizzle and the goldies slump to fresh all-time lows. In fact, just two months ago we watched GDX rally nearly 25% over a three week stretch only… Continue Reading

Via Energy and Gold.com: After going absolutely bonkers back in August (rising from 10.88 to 53.29) and accomplishing one of the sharpest and fastest rises in its history, the VIX has reverted to form and is on the verge of declining for a record tying 10th consecutive trading session: VIX (Daily) Long streaks of consecutive… Continue Reading

Via Energy and Gold.com: The gold miners (GDX) have rallied ~15% in the last three trading sessions and as measured by % above its upper Bollinger Band GDX is just about as short-term overbought as it has ever been: GDX (Daily) What does this mean? Well, judging from recent history it means that GDX is within 1-2… Continue Reading

Via Energy and Gold.com: A great deal transpired across markets last week and after sifting through a few dozen charts this morning it’s clear that a major transition may be underway. My friend J.C. Parets (@allstarcharts) has been bullish on the USD/CAD currency pair for at least a year so when he came out with… Continue Reading

Via Energy and Gold.com: This is a fascinating chart showing a large spike in short interest in S&P 500 stocks during the last couple of months:    Short interest (number of total shares sold short) had been in a relatively tight range for the last few years. Last month’s surge has brought short interest back… Continue Reading

Via Energy and Gold.com: The best trade setups occur when many different factors align simultaneously. Case in point the IBB (Biotech iShares) chart today:   Here are the factors which lined up simultaneously today: ‘Oversold’ (RSI-14 below 30) Down 7 consecutive days Below lower 3-standard deviation Bollinger Band On track for more than 4x average… Continue Reading

Via Energy and Gold.com: Gold is ripping higher this morning amid heightened fears of global deflationary pressures and a slew of central bank rate cuts (Norway, Taiwan, etc.):   This morning’s move higher is highly significant because price decisively broke above last week’s resistance level ($1141) and buyers have not showed any signs of lack… Continue Reading