Do not wait for a pullback to buy gold! Every investor needs to know that gold is a hedge against inflation. The movements in the gold market have been monumental, and there are several reasons for that. For one, the official inflation rate is about 10%, and investors are getting out of dollars and into gold coins, gold bars, and gold bullion as a hedge against inflation. Buy gold bullion, gold ingots, and gold bullion coins to protect yourself during inflation. The gold demand is rising steadily with no end in sight. Investors looking to put their money into hard assets increased the demand ...
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HOUSTON – Gold traders have their eyes on two non-confirmations that so far have refused to “answer” gold’s push to new all time nominal highs – the relative price of silver to gold and the performance of the equities of mining companies. Silver is lagging gold and the action of mining shares, both big and small, have thus far refused to reflect investor confidence that gold will be able to maintain its remarkable ascent. At the same time we have to take note that other indicators we dare not ignore are signaling continued strength for gold and especially silver. Chief among them are a ...
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It is a long-established pattern of the precious metals sector that in any long-term bull market the precious metals miners outperform bullion, itself – with this especially being true at any medium-term tops and (of course) at any long-term top. The fact that relatively few investors know anything about these companies is one indication that this market is many years away from peaking. However, with gold recently reaching a new nominal high it is only natural that investor curiosity about these companies should start to grow. Unfortunately for investors, there is not a lot of guidance openly available on these companies. Those advisors who ...
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General Moly is demonstrating a bullish outside bar which is a reversal pattern which will give us usually 5-7 bullish trading sessions. Notice how it has bounced off the 200 day moving average which is acting as support. General Moly is a takeover candidate and needs to be monitored to see how it acts with the 50 day moving average which has become resistance. This bullish pattern should lead General Moly to test resistance. Notice the first outside bullish bar in July which led to GMO pushing to 3.50 before it had a series of bearish outside bars which should have been a signal ...
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ATLANTA – The most important news of this past trading week is that both gold and silver futures on the COMEX in New York finished the week in backwardation. A condition most long-time traders view as more bullish than bearish very short term. We’ll have more about that below, but first here’s this week’s closing table: This Week’s Bottom Line Summary (in bold) Our bias remains cautiously bullish for gold, silver and mining shares. Stops tight, but not too tight. This week we see slightly negative money flow in most gold ETFs, but significant positive money flow into the leading U.S. silver ETF (slightly ...
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