December gold futures have been as low as $1251.50 so far today. We have known that $1250 would be a big level in the event... Continued
Gold Miners Break Down, Searching For Support
Gold is down ~$30/oz and the gold miners as represented by the GDX are taking a beating to the tune of nearly 7%. Investors are... Continued
Technical Update: Gold Miners
After a volatile last several weeks here is the current situation in the gold miners ETF (GDX): GDX (Daily) The August correction in the... Continued
The Gold Miners Are Acting Like This Time May Be Different
One month into the new year the gold miners (GDX) are the 2nd best performing equity sector of 2016 (utilities are the top performing sector)... Continued
Gundlach Speaks, Gold Breaks Out
Less than 24 hours after Jeff Gundlach uttered the following words "they have got to dial this [hawkish] rhetoric back or the markets are going to... Continued
Futures Speculators are Still Too Bullish on Gold
This is the kind of gold futures CoT report that gold bulls definitely did not want to see: A sizable increase in net speculative... Continued
Why Friday’s Rally Was Highly Significant for Gold
While the casual market observer might look at Friday's 1.18% rally in gold, closing modestly back above the $1200/oz level, as nothing to write home... Continued
What to Expect Next in the Miners
On Tuesday we highlighted a powerful long trade setup in the GDX and yesterday the goldies rallied 5.32%. This morning we are seeing a little profit... Continued
Gold Miners Pushed to the Brink
The gold miners as represented by the GDX have been pushed to the breaking point with yet another 'bear flag' forming just a few percent... Continued
Curious CoT Report for Gold
The CFTC Commitments of Traders gold report for Tuesday March 10, 2015 is a curious one to say the least. While we saw a roughly... Continued