Tag: XAU
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Gold to trigger reversal pattern down to $2100?
The price of gold has defended and bounced off of two week lows, but my technical eyes have caught something. Once again folks, I trade the markets I see, not the markets I want to see. I remain long term bullish gold and silver, but am open to play downside moves. Let me present a…
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Silver bulls maintain strong uptrend!
Ever since breaking out above $25.50, silver has been in a technical breakout. In my last article highlighting this break, I spoke about silver taking out a resistance zone which had been held since August 2021. The metals continue to do well in this current market environment… even with some pop in yields and the…
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![Gold rally faces a key test]()
Gold rally faces a key test
On October 3rd 2023, I published an article which caused some fright among metal bulls. I outlined how the technicals indicated that silver could go below $20 and gold below $1800. I outlined key technical levels which had been breached and thus led to sellers piling in. Here are the charts which I put up…
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![Is now the time for gold to shine?]()
Is now the time for gold to shine?
If you are a gold bug, heck even if you are bullish on silver, then July 12th 2023 was a very good day for you. Here’s an image of the price action in the last three days: Overall it was a great day for risk on assets. The precious metals popped, energy popped, other commodities…
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![Fed hawkish pause, regional banks tanks, and gold nears record highs!]()
Fed hawkish pause, regional banks tanks, and gold nears record highs!
Well what developments in the past 24 hours. Investors and traders were anticipating the Federal Reserve meeting. A 25 basis point hike was expected along with some statement hinting at no more interest rate hikes. Well, the market got the 25 basis point hike (the Fed’s 10th rate hike in a row), and some sort…
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![The bottom for gold stocks? 3 gold stocks ready for a major move!]()
The bottom for gold stocks? 3 gold stocks ready for a major move!
Gold prices are rallying as the US Dollar falls. Technically, the dollar is holding a range, so more work is required on the charts before we can confirm a major dollar reversal. If this happens (although many would say when!) we can safely say gold is ready to reverse. Gold tested $1620 for the third…
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![A recently listed gold producer which pays dividends and is largely going unnoticed by investors!]()
A recently listed gold producer which pays dividends and is largely going unnoticed by investors!
What if I told you that there is an emerging mid tier gold producer that has been in the business for 50 year, began generating positive annual earnings in 2004, pays a dividend and recently began trading on the TSX. What if I told you that this company is expected to produce between 262,000-285,000 ounces…
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![Here’s why gold is heading higher and how you can profit from it: SIC.V, GMTN.TO and NSR.TO]()
Here’s why gold is heading higher and how you can profit from it: SIC.V, GMTN.TO and NSR.TO
The gold price has recently taken a hit. No problemo. The sell off occurred at a major resistance zone, and there is a chance the US Dollar might cause more pullback. The real move has been in the bond market. Interest Rates are spiking. The 10 year yield is above 2.40%. What has kept gold…
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![Gold Mountain (GMTN.V) hits high grade intercepts on Elk Gold Project]()
Gold Mountain (GMTN.V) hits high grade intercepts on Elk Gold Project
My cousin once had a brief conversation with Dolly Parton. He subsequently announced that, “She was the least disappointing celebrity I’ve ever met.” A lot of investors are starting to feel that Gold Mountain Mining (GMTN.V) is the least disappointing gold developer they’ve ever met. In a sector that tends to over-promise and under-deliver –…
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![Gold Mountain (GMTN.V) accelerates to production as software co. blows $50 million war chest on gold bars]()
Gold Mountain (GMTN.V) accelerates to production as software co. blows $50 million war chest on gold bars
A year ago, the spot price of gold was USD $2,050 an ounce. In the last 12 months, gold has sold off to the $1,780 an ounce level, which is a solid resistance point. Despite the current gloomy bullion sentiment, the long-term macro arguments for gold investment have never been stronger. “The COVID pandemic has…
