Gold-Stock Sentiment Neutral
The gold miners’ stocks are continuing to power higher in a strengthening upleg. As their gains mount, sector bullishness is gradually growing. Traders’ interest is rising, leading them to increasingly chase gold stocks’ robust upside momentum. As uplegs mature, this key technical-sentimental interplay feeds on itself accelerating gains. But overall gold-stock sentiment today remains neutral,…
Is Gold’s bull run just starting?
Gold has powered higher smartly over the past couple months, achieving big gains. But this gold buying is only starting, implying this young upleg still has a long way to run yet. Speculators’ gold-futures buying remains modest, while much-larger identifiable investment buying hasn’t even begun. Traders will have to increasingly chase gold’s upside momentum to…
Gold defies a hawkish Fed
Gold defied another hawkish Fed decision this week, consolidating high in its immediate wake. That was an impressive show of strength, after this extreme Fed tightening cycle hammered gold for a half-year or so. That strong performance reflects gold-futures speculators’ weakening resolve to keep shorting. With their long-side selling exhausted, they have massive mean-reversion buying…
Silver mining stocks fundamentals
Silver and its miners’ stocks have had a tough year. They plunged with gold in spring and summer as extreme Fed tightening catapulted the US dollar parabolic. The resulting deep lows left this tiny fringe contrarian sector deeply out of favor, but it has started recovering in recent months. The major silver miners’ upside potential…
Fed chair surprises waxing uber-hawkish
The Fed continued its extreme tightening this week with another monster 75-basis-point rate hike. While that was universally expected, the Fed chair surprised waxing uber-hawkish at his post-FOMC-meeting press conference. That yet again shocked the US dollar and gold into sharp opposing moves. But the Fed’s ability to keep doing that is ending, since the…
Euphoric Dollar Vexing Gold
The euphoric US dollar’s epic parabolic surge over this past half-year continues to sorely vex gold. The dollar’s vertical march to extreme secular highs spawned heavy gold-futures selling, slamming gold. The resulting lower gold prices have scared away investors, leaving gold languishing near deep lows despite an inflation super-spike raging. This fundamentally-absurd market anomaly can’t…
Gold stocks V shaped bounce
Though still battered, the gold stocks are starting to stage a comeback. They just screamed higher out of fundamentally-absurd stock-panic levels in a violent V-bounce! That big surge fueled by gold’s parallel one is already starting to shift sentiment away from excessive bearishness. The gold stocks more than doubled soon after the last time they…
False Gold-Stock Panic
The left-for-dead gold miners’ stocks are literally trading at stock-panic levels today! But they’ve been slammed to extreme lows in recent months on a false premise. Traders assume gold’s parallel plunge must be fundamentally-righteous. But that was driven by enormous gold-futures selling on anomalous market events. As these unsustainable extremes inevitably reverse hard, the battered…
Gold languishing but its upside remains
Gold continues to languish near major lows after a rough summer, deeply out of favor with traders. Oddly this leading alternative investment seems oblivious to the first inflation super-spike since the 1970s. That should be driving big gold demand, fueling a major upleg. But that classic inflationary response has been temporarily delayed by heavy-to-extreme gold-futures…
Silver Miners’ Q2’22 Fundamentals
The silver miners’ stocks have been thrashed in recent months, battered back down to stock-panic prices. That dreadful technical action has left this sector abandoned and forgotten, traders avoiding it like the plague. But the greatest opportunities to buy low and multiply wealth come when sectors are the most-despised. The silver miners’ recent earnings season…
