Gold begins new bull market and Yahoo Finance says sell.
Gold Investing and Gold Stocks News
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.
In this interview Ike talked about the price of gold and what he projects is likely to occur with gold prices in the next few months.
Gold stocks have been on fire this year, blasting higher to 2014’s pole position of best-performing sector. And this powerful rally’s internals are looking as good as its headline gains.
What is interesting is that it isn't just gold and silver and the mining stocks that are breaking out, but lots of different commodities too.
Today gold stocks closed above their 200-day moving average after basing below it now for months.
Today gold stocks popped up so much that most of them are now sitting right below their long-term moving averages. They have been building a stage one base and once they clear their resistance at their long-term moving averages they will begin a full blown stage two bull market.
As you probably know I've been watching gold and mining stocks like a hawk since the start of the year, because I expect them to begin new bull markets this year...it looks like it can now begin at any moment