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Gold stocks have been pummeled mercilessly this month, their price action looking almost apocalyptic. The psychological stress spawned by such extreme weakness is intense, breaking the wills of this sector’s few remaining bulls. This week their selling cascaded into a full-blown capitulation, a ma...

We remain on a sell signal for gold. Our signal was primarily due to deterioration of gold’s technicals, reversals of our momentum indicators (not shown), investor sentiment for gold at the time, the pattern of lower highs and lower lows, and so forth. But as usual, the fundamentals have caught u...

Gold has had a rough time lately, grinding relentlessly lower.  Such technical weakness has naturally spawned increasingly bearish psychology.  This has led to a fringe view growing in popularity that gold’s mighty secular bull has already given up its ghost.  If these new-bear arguments are co...

The US employment numbers came out this morning, and they were disappointing. But disappointing does not begin to describe the situation I read about today in Europe. I have just finished up with my conference in Carlsbad, California and am getting back to the room late. I have to get up in a few ho...

Ever since the beginning of gold’s bull market, this metal’s economic balance has come under intense scrutiny.  Demand has been on the rise as more and more investors have embraced gold as a store of wealth.  And the supply chain has done its best to meet this growing demand. However consideri...

In January gold appeared to have completed a correction when it broke above the declining tops line of a fairly steep correction, but the pullback after the breakout was far more trying than we had expected. ————————– (Excerpt from the April 2...

Gold has been weathering some considerable selling pressure lately, which has naturally turned sentiment quite pessimistic.  Bearish commentary abounds, with all kinds of predictions for further declines.  But as is usually the case after any material selloff spooks traders, gold’s technicals ar...

Sellers hammered gold again this week on news from the Fed.  The minutes from its latest FOMC meeting convinced traders the odds for a third round of quantitative easing are waning.  This was the latest in a long line of QE3 scares that have become the bane of gold’s existence.  But they are me...

Over the course of gold’s bull, the companies that explore for and mine this metal have greatly prospered.  The gold-stock sector has thus been one of the top-performing in all the markets over the last 10+ years, and its investors have been richly rewarded.  But this last year or so has been a ...

Is it time to start dumping your holdings in gold? Has the turning point finally arrived? According to the Financial Times this past week that answer is a yes!. Investors are losing their enthusiasm for gold as signs of improvement in the US economy tempt them away from the traditional haven.  ...

The beleaguered gold stocks have spiraled lower this month, heaping misery on poor fools like me naive enough to invest in them.  Dwindling interest and capital has left this realm a desolate wasteland, I’ve rarely seen anything so deeply out of favor.  In fact, relative to gold the gold stock...

If gold were to break its 300-day simple moving average currently resting at $1602.44, that could indicate a significant trend reversal only seen once in gold’s 11-year bull market. As you can see below, gold has been in a downward trend since last September after two failed attempts to push ...