Gold futures have slipped over the psychologically-important $2,000/ounce level, and GLD is zipping higher nicely this morning.
Gold Catches a Bid
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Gold Stocks: Is the Time Really Now?
Gold stocks are not yet unique within the wider macro, but that does not preclude a move to 40 by GDX
[edit] Interesting, however, that on the day this was written (pre-market, 11/16) gold stocks came out of the gate positive while much of the rest of the macro is going the other way (including the commodity producers that the Au miners so often get lumped in with). It’s just an inkling, but interesting. Here is a visual per this X post.
Gold Stocks: The Time is Now
The time is at hand for gold stocks to prove a phase change similar to 2001-2003
The Gold Price is Dropping!
The gold price is taking a hit but, importantly, crude oil is taking a harder hit
Let us hear no ghost stories about Banksters attacking gold or as Larry would say inflicting a “take down” on poor old gold, as if it’s planned, personal and a war of good vs. evil. Well it is, but “evil” is a moving target and sometimes wolves hide in sheep’s clothing.
(Editor's note: Good Lord!)(more…)
Will Gold Mining Stocks Look Past Q3?
Gold mining stock charts have not yet confirmed a sustainable rally, and Q3 fundamentals may be a headwind
We have used this daily chart of the gold stock ETF, GDX in written and video updates to keep NFTRH subscribers apprised of the progress of the bounce from the early October low (after previously using the chart to manage the long correction that began with the May double top).
Let’s update the daily technical situation by noting that the GDX rally has halted where it should have halted, as we’ve expected resistance at or below the 200 day moving average (30.49) and/or clear visual resistance at 30. The pullback is in progress and has done a good thing by filling the upper gap as it grinds and tests the 50 day moving average. All normal.
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