The entire commodity sector is facing a critical support test over the next several weeks. We have made the case is past articles that commodities as a whole are bottoming, having hit 40+ year lows on both an absolute (US dollar terms) and relative (compared to stocks) basis during the […]
Weekly Market Analysis
Gold Should Brace for a Volatile Week
This week brings two expected volatility-inducing events for world markets: US mid-term elections are scheduled for Tuesday. Polls indicate that Democrats are likely to regain control of the House of Representatives but not the Senate. However, let us remember that polls can often be wrong. Two years ago polls erroneously […]
Gold to Silver Ratio At Multi-Decade High
The gold to silver ratio, or the number of ounces of silver required to purchase one ounce of gold, is within a window of approximately 6 to 9 months whereby it will either strongly confirm or strongly deny the arrival of a new bull market for both metals. One way […]
Gold Resistance Ahead… Bottom in 2019?
Gold continued to build on last week’s gains, adding nearly $7 per troy ounce or 0.5% as of the close on Friday on the New York COMEX futures exchange. The final print for the week was $1,229. Given the surge seen over the past two weeks, it is time to […]
Market Tremors – Gold and Silver Shine
The US and world markets were in a state of wild turbulence on Thursday and Friday of last week. This calls for both gold and silver addressing serious opposition in the near future. The most important takeaway from the recent action is that this comprises early confirmation of the chain […]