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Money managers who don't recommend gold to their clients are becoming the exception rather than the rule. Right now, gold accounts for less than 1% of global investible capital. Estimates of how much gold exists above-ground are all over the place, but most cluster around an amoun...
The gold/oil ratio is a reasonable proxy for the average profit margin across the gold mining industry. This ratio peaked in April of this year and then plunged. It's a good bet that the April 2020 peak was the major variety, since it was driven by a spectacular collapse in the oi...
Gold stocks are still correcting after soaring to seriously-overbought levels when their last upleg peaked in early August. Weak seasonals in the next month could accelerate that. The deceiving high consolidation after that euphoric topping failed decisively this week when GDX s...
Uncertainty over the US elections remains elevated in the near term while the economy is running out of "stimulus". Closely contested elections have historically resulted in choppy markets in the final weeks of the year. Investors should hedge themselves by going long US dollar, g...
There’s a famous saying among natural resource traders that goes, “Rising prices cure rising prices,” and explains the cyclical nature of commodities. In other words, a bull market in any given commodity normally encourages an increase in the supply of that asset, in turn ...
Price moves in the yellow metal have largely been determined by weakness in the dollar this year, but the greenback alone can’t account for gold’s enduring attraction among investors. Plunging Treasury yields, recession fears and rising inflation expectations are also contributin...
Gold Reaches Another All-Time High The strong gains of July carried on to early August. Gold reached an all-time high of $2,070 per ounce on August 6 amid U.S. dollar weakness and new lows in treasury yields. It then saw a sharp reversal and fell $207 over the following three trading days to...
In this article, I'd like to discuss how the mining industry, on the one hand, struggles to find enough giant deposits to satisfy the rising demand, and, on the other hand, leaves the mineral resources in moderately-sized deposits stranded. The enormous inventory of moderately-sized, undevel...
The gold miners' stocks are mired in correction mode, which isn't surprising after their mighty post-stock-panic upleg. Huge buying catapulting them higher left this sector extremely overbought. Corrections are normal and healthy after prices get too stretched technically. They eradicate upleg...
For the past month, gold and gold mining stocks have languished in the shadow of the broad stock market. While stocks soared in August, the yellow metal - as well as the shares of companies that mine it - went nowhere as investors were more than happy to leave the safe havens and embrace riski...
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2024-07-11 22:32:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-06-12 01:56:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-05-21 11:08:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...