The precious metals have traded in correlation to their usual seasonality buying patterns over the last year, and a summer rally appears to be underway after the bottoming price action in late June followed by yesterday’s price spike on the latest CPI inflation...
There is a lot to cover before gold and silver begin trading overseas this evening and tomorrow morning in the West. Let’s first look at the Commitments of Traders (CoT) Futures report vs. the gold and silver price action, then view where the precious metals are with...
Events transpiring around the world are growing nuttier, but Wall Street is having a summer party after a brutal plunge in major stock indices this year. It can be difficult to grasp which direction stock markets will run on any given day when bad news can be good...
Two weeks ago, I published “Minding the Gold Mining Stocks and GDX” with a list of mining equities to consider and the $GDX chart. This evening is a good time to review the results before the market opens tomorrow morning and provide a technical analysis on the $HUI...
Only three short months ago, the Federal Reserve projected its quantitative tightening (QT) rodeo to continue unabated, with reductions in its $4 trillion dollar QE’ased balance sheet, the deployment of maturing bonds back into Treasuries, and at least a few more...