Wealth Creation Through Natural Resources
This afternoon, as I watched the GDXJ (the GDXJ is technically called the VanEck Junior Gold Miners ETF although VanEck Mid-Tier Gold Miners ETF would be a more appropriate name) drift lower in light volume trading for the 6th consecutive … Continued
321gold founder and editor Bob Moriarty is always candid and tells it like he sees it. However, my latest conversation with Bob reached a new level of authenticity and insight; Bob takes no prisoners while dropping several market knowledge bombs throughout what … Continued
Yesterday we saw the GDXJ close lower for the 5th consecutive trading session, while also closing below its lower Bollinger Band for the 2nd straight trading session: GDXJ (Daily) Yesterday’s trading session also formed an ‘inside day’ (higher low and … Continued
While gold futures ended the week near $1290, barely $1 off its highs and up ~2.5% for the week, the gold miners told a slightly different story. The GDXJ fell 3.52% on Thursday and only managed to gain 38 basis points … Continued
Heading into today’s trading session the market was clearly worried about a hawkish statement from the Fed with the potential for a faster series of rate hikes than previously expected. As it turned out the Fed statement was fairly neutral … Continued
The gold miners are back to where they were a month ago, but the way they got there today leaves ample cause for concern and has precious metals mining investors scratching their heads. With gold still holding above $1,250/oz and … Continued
The following quote from the most recent RBC “Commodity Comment” sums up the current gold market environment quite well: “The proliferation of unknowns, inherently difficult to hedge, remains a key reason why we recommend gold allocations and underpins our positive … Continued
“I believe that this will be the last time to get on board the train.” – Bob Moriarty For someone who professes to absolutely not be a market timer, Bob Moriarty has some pretty good timing when it comes … Continued
It now seems like eons ago but at the end of last year I published a post titled “6 Big Surprises for 2015” in which I laid out a series of seemingly unlikely market events which I felt were much likelier to occur … Continued