Eight days ago I wrote that gold was set to launch to $1500+. As it turned out, a deeper pullback was in store over the ensuing days. However, support in the $1350s has held repeatedly and the risk/reward is quite compelling for gold longs from current levels: Click to enlarge Gold Daily Another $77 pullback,… Continue Reading

The Fed is losing control of interest rates as the “belly” of the Treasury yield curve blew out this week, bringing the yield on the 10-year note briefly above 3%: Click to enlarge The Federal Reserve balance sheet now stands at $3.611 trillion, some $800 billion more than it was the last time long rates… Continue Reading

While many market technicians may cast doubt on the efficacy of the so called “golden cross”, there can be no doubt that this technical signal is especially strong with powerfully trending stocks – Petroamerica Oil is one of these stocks: In the past 3 three years a strategy of simply buying when the 10-week moving… Continue Reading

Last week I posted a $1500 target for gold in September and a much larger target at a later date – here is the chart from August 29th: Sunday’s stop tripping plunge down to $1373.20 fulfilled the $1375 short-term pullback target, which in combination with today’s bullish action sets us up for a potentially very… Continue Reading

After a brief pullback gold is well on its way  to $1500+ at some point in September: Many people are obsessed with “reasons” and “catalysts” for market moves. Of course, there are always reasons which present themselves in the moment but they are rarely presaged with foresight. In fact, most of the widely understood catalysts… Continue Reading

After rallying $70 in less than a week gold now finds itself in no man’s land, essentially equidistant from the nearest major support and resistance levels: Click to enlarge Now that gold has achieved the $1420-1425 target which we projected several times during the past month it is worth reviewing the past few months of market… Continue Reading

As trading begins in Asia gold is surging above $1400: Click to enlarge Syria is the obvious catalyst, however, we must remember that we are in a very bullish time of the year for gold: The bulls have the wind at their back and dips are likely to continue to represent buying opportunities – next… Continue Reading

Related: Watch mining legend Robert Friedland send Ivanplats shares over $2 in the near term

Gold has rallied over $100 in the last two weeks, surprising the bearish herd and reinvigorating gold bulls with confidence that further price appreciation is imminent. However, gold is now short term overbought and may be due for a rest as price approaches important support/resistance near $1400: Click to enlarge This week the FOMC minutes… Continue Reading

Many mining & resource stocks have been forming highly constructive basing patterns for the better part of 2013. As gold and commodities in general move higher with these markets entering a seasonally bullish period, I have selected a few of the most attractive and actionable charts: Click to enlarge Gold (weekly) See also: The Dumb… Continue Reading

Gold is up $20 in early Asian trading: Click to enlarge Gold has now broken out above key resistance near $1320 which sets the stage for a test of the $1350 area. Sunday night’s rally follows the notable strength exhibited by the gold miners at the end of last week – something is clearly brewing… Continue Reading

Today’s action in precious metals and natural gas was quite notable. The stage is now perfectly set for a monster move higher in gold miners, gold, and natural gas over the coming weeks. The crowd was clearly taken by surprise with today’s moves in precious metals and the miners – with the herd so poorly… Continue Reading

This was the commitment of traders report for gold as of September 18th, 2012 showing a record small speculator net long position of nearly 60,000 contracts: This is the latest gold CoT report showing positions as of July 30th, 2013: The small specs have moved from a record net long position to a record net… Continue Reading

While this morning’s sell-off came close to breaching key support levels, thereby triggering a larger topping pattern, the bulls ultimately prevailed….again: Click to enlarge The afternoon rally for the second consecutive session was certainly impressive, however, equities still haven’t gone anywhere in the last two weeks – meanwhile, the weekly candle in the market leading… Continue Reading

While the gold miners appear to be poised for the next step in the bottoming process: Click to enlarge There are two resource stocks that have continued to exhibit enormous relative strength during the most difficult stretch for the sector in nearly two decades: AMW.V PVG And the chart of the summer….. ZEN.V