Dec 8, 2017
I swear, there’s some interesting technical ideas in BlockChain (including an argument that it consists of “Triple Entry Bookkeeping” but BitCoin superfans sound EXACTLY like gold bugs to me.
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I swear, there’s some interesting technical ideas in BlockChain (including an argument that it consists of “Triple Entry Bookkeeping” but BitCoin superfans sound EXACTLY like gold bugs to me.
Coronavirus, Gold Bugs & Stock Traders
Coronavirus, Gold Bugs & Stock Traders
First and foremost, Coronavirus is a horrific human tragedy. Forget about the economics of it first, we want to wish China nothing but the best in tackling this deadly event.
Second, the Coronavirus will have an economic impact, companies will start to warn about this event. You can’t have the 2nd biggest economy in the world be on lockdown without an effect.
I talk about that very thing here in…
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Gold bugs, Is a 17-year opportunity forming?
Gold bugs, Is a 17-year opportunity forming?
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This chart looks at the US Dollar/Gold ratio on a monthly basis over the past 25-years. When the ratio peaked back in 2000/2001 the great bull run for Gold and Silver got started. The bull run for metals continued until the ratio bottomed back in 2011, at the bottom of falling channel (A).
After hitting support in 2011, the ratio started heading higher, creating the…
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Gold & Silver; Slipping risk in play at these levels!
Gold & Silver; Slipping risk in play at these levels!
Below looks at Gold Futures over the the past 8-years, reflecting that Gold remains in a clean bear channel (A) since 2011. Gold made another attempt to break free of this falling channel three weeks ago, only to be turned away again, disappointing Gold bulls again.
Today, Gold faces a “slipping risk” price point in the chart below at (3).
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Three weeks ago, Gold…
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Gold Bugs breakout, very bullish says Joe Friday
Gold Bugs breakout, very bullish says Joe Friday
Since the first day after Christmas last year (12/27/16), the metals space has been a great place to be. Below looks at performance of several metals assets compared to the S&P 500 since this date.
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Premium and Metals members went long this sector by purchasing GDXJ on 12/27/16, due to an upside breakout. Even though the S&P is getting a ton of press about doing well…
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Silver; Bottoming process nearly complete here?
Silver; Bottoming process nearly complete here?
Hard to believe that Silver hit $50 an ounce in 2011? Even though Silver is off to a good start in 2017 (up near 14%), it remains over 50% below the highs of 6-years ago.
Below looks at Silver on a monthly basis, over the past 40-years.
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Silver hit the 1979 highs in 2011 (Double Topped) and then proceed to create a series of lower highs and lower lows. The decline took…
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Gold Bugs; Stellar performance stage set again
Gold Bugs; Stellar performance stage set again
From 2001 to 2011, would you have rather owned the S&P 500 or Gold Miners (Gold Bugs Index/HUI)? If you answered the Gold Bugs index, you would be correct. The left chart below compares the performance of the Gold Bugs Index and the S&P 500. From 2001 to 2011, the Gold Bugs index out performed the S&P 500 by 1,400% (left chart below).
Since 2011, miners have been weaker than the S&P 500 by a…
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Gold Bugs; Bullish reversal pattern at support?
Gold Bugs; Bullish reversal pattern at support?
Gold & Silver Mining stocks have had a rough few weeks, falling in excess of 15%, after a sharp post Christmas rally. Are they in trouble or about to bounce of newly created rising channel support?
Below looks at the Gold Bugs Index (HUI) over the past few years.
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Gold Bugs index has created a series of lower highs since the highs back in 2011. Over the past year, the…
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