Editorials

Although Gold has pulled back and its latest breakout attempt failed, it remains fairly close to the most significant Gold breakout in 50 years and the most significant macro breakout since the S&P 500 broke out in 2013.   However, generalist investors and generalist technicians are more enthusiastic about the recovery in the stock … Continue reading

Bank failures coupled with the anticipation of the Fed pivot pushed Gold to new monthly and quarterly highs, but the breakout move through $2,100/oz has remained elusive.    Multiple failures around $2050/oz and a rebound in the Dollar and bond yields are sending precious metals lower.   Moreover, a small breakout in the stock market … Continue reading

In a short-term and cyclical sense, gold miners and junior gold stocks follow the Gold price. However, beyond the short-term, gold miners follow the “real” price of Gold because it is a better indicator of long-term gold miner profitability than the nominal Gold price.   By the “real” price of Gold, we are talking … Continue reading

Gold is inches away from its biggest breakout in 50 years and the start of a new secular bull market. It may have already happened by the time you read this.   Gold is also beginning a new cyclical bull market with strong potential to soar to $4000-$5000 over the next several years.    Any … Continue reading

Gold is on the cusp of its biggest breakout in 50 years.    Sure, the weak dollar has helped, but Gold is incredibly strong in real terms.   Gold against foreign currencies recently hit new all-time highs. Gold against Bonds is at multi-year highs, and Gold against the stock market recently hit a 2-year … Continue reading

Although Gold put in a bearish reversal on Friday and failed to breakout, do not expect the sector (and miners specifically) to begin a significant correction.   When I say significant, I mean something that would last more than a few days or a few weeks.    Bull markets often register overbought conditions. Strong … Continue reading

We have been writing about Gold’s super bullish cup and handle pattern and the future breakout for years.    It is coming and with it, a new cyclical and secular bull market.    That aside, I wanted to delve into how and why the Gold price should double within the next two and a half … Continue reading

Gold is on the cusp of a major breakout from its super-bullish cup and handle pattern. The measured upside target is $3000/oz, and the log target is roughly $4000/oz.   These targets may sound extreme, but breakouts from multi-decade bases are rare but very bullish. Furthermore, a breakout from a long-term base to a … Continue reading

Gold mining stocks and Silver are the riskier parts of the precious metals sector. Generalist capital always favors Gold first and second before considering miners and Silver.   The gold stocks and Silver have underperformed Gold so badly because Gold has been in a secular bear market since 2011.    Think of the economics … Continue reading

Last week we wrote about the inevitable bullish fundamentals for Gold.   Recent events that followed our editorial signal that the inevitable is moving closer to imminent.   Due to bank failures, a pending hard landing, and the like, the Federal Reserve will have to cease its rate hikes and ease policy amid not … Continue reading

The macro fundamentals are not bullish for Gold at this moment.   The Fed is still tightening. The economy has picked up a bit, and so too, have inflation expectations.    This means higher real rates for now. Not bullish.   However, the market discounts and anticipates in advance.    And both of the … Continue reading

Gold’s winter rebound thwarted a 2013-like scenario. However, the sharp February selloff and nasty monthly candles reflect no bull market yet.    Gold is stuck but remains in a larger handle consolidation within a super-bullish cup and handle pattern.   I am not a fan of trendline and channel analysis as it is prone to … Continue reading