There is a battle going on between gold bulls and bears and it is intensifying. That's because gold prices are approaching a critical juncture.
Gold Investing and Gold Stocks News
Over the past few weeks we have seen mining stocks make a transition out of a stage one base and into a new bull market. This transition is likely to be complete this week.
As this historic new bull market begins CNBC talking heads ignore and deny it.
When it comes to gold it is clear that the small fry does not believe it has bottomed and is selling out.
If this newfound momentum continues, gold stocks have the potential to achieve a record summer. With their exceptionally-bullish technicals this is certainly possible, but remains a tall order unless gold’s rare summer rally resumes.
In this podcast I talk about the gold move and interview Ike Iossif about his thoughts on gold and his projections for the S&P 500 and the US stock market for the next few weeks.
Gold begins new bull market and Yahoo Finance says sell.
Who was dumping gold and why? Later data confirmed it was American futures speculators short selling gold and silver at record levels. Extreme shorting is very bullish, as these bets soon have to be covered.
Last week six percent of the gold in exchange traded products and funds such as the SPDR Gold Shares (NYSEARCA: GLD) was liquidated by the masses.
What happens to stocks in times of high inflation will surprise you.
What will be the event? People think some big thing has to happen to make gold go up. Something that will happen on TV.
I took a few thousand dollars and put a gun on the passenger seat. I went to three gold dealers and not a single one of them had any gold bullion bars.
Silver has been trading weaker than gold in the past few months and retested its lows of last year recently while the silver stocks that mine for silver have simply sat there.
This is the most reliable single indicator when it comes to identifying the start of a new gold bull market.
He told me that his indicators are flashing signals for the broad market that have only happened three times in the past 17 years.
Ike Iossif gives his take on gold now and projects forward.
Rickards provides a good dose of advice in this above video for everyone interested in gold and all that own it.
The gold-mining sector is on the verge of flashing the fabled Golden Cross buy signal. This is one of the most powerful and revered indicators in all of technical analysis.
I explain the real reason I think gold fell. It has nothing to do with Ukraine or the Fed even in my view.
Gold’s strong rebound upleg this year has been driven by big gold-futures buying. After abandoning gold last year, American futures speculators are returning to the yellow metal in droves.
Today the HUI closed above 250. Today the gold bugs won. This is their victory song.
The HUI now has resistance at 250. This isn't just it's recent peak, but the resistance point of it's enter stage one base.
There evidently at that PDAC were few that were bullish and everyone is "cautiously optimistic" - which is phrase that really means nothing.
Their price patterns suggests a classic consolidation pause within a bigger uptrend.
I just did an interview with Jordan Roy-Byrne of thedailygold.com about the current action in gold and gold stocks. Jordan applied an interesting analog analysis of gold prices to understand what they are doing now and likely to do over the next few weeks and months.
Just a few weeks ago a Wall Street company launched a slew of gold exchange traded funds that some are out promoting that I think will only hurt people.
Do you own any gold or silver? Do you own any physical assets at all or are your investments solely dependent upon what the US stock market does and the wisdom of the United States government?
There is much that you can learn from the market by listening to and following people who are doing things smart. Buffett's comments in this upcoming letter point the way.