Take a look at the charts of any gold stock index (GDX, GDXJ, HUI) and it’s clear they are in a downtrend.
Gold Stocks Mining News
The world’s leading gold-stock ETF is nearing a major upside breakout from key technical levels.
Both Silver and the gold stocks rebounded off their 50-day moving averages only to do a 180 the following day. Meanwhile Gold has given back most of its January gains.
It’s all rainbows and ponies on Wall St right now which should make any sensible person a bit nervous.
The gold miners have seen impressive investor interest in their beaten-down stocks in this young new year, with capital inflows fueling a sharp rally.
Gold stocks have suffered a miserable few years, becoming a laughingstock even among contrarians. But this despised sector’s seemingly-endless downward spiral has left gold stocks vastly undervalued relative to gold, which drives their profits.
Gold mining stocks are extremely undervalued and way oversold compared to the price of gold.
This is a summary of some of the aspects we follow in NFTRH to gauge a future investment stance on the gold sector. It is much more complex than simply hearing dogma that seems to make sense and then holding on for dear life…
Easily the greatest bargains anywhere.
For the past eighteen months, gold stocks have been pummeled.
Investors focused on picking the next ailing economy have reinforced gold as the ultimate refuge if all the financial juggling fails. In this exclusive interview with The Gold Report, Chen Lin talks about the effects of risk aversion on the performance of gold stocks.
The recent major rally in gold is now experiencing a correction, so it is time to take a look at how gold stocks compared to a number of other gold trading vehicles.
The collapse of 2008 remains fresh in mind. And yes, while collapse is the most overused word in the financial markets (next to bubble), 2008 was indeed a collapse for everything.
It’s probably the #1 question on every gold investor’s mind right now: Why are gold stocks underperforming gold? Aren’t they supposed to bring us leverage to the gold price?
Gold equities have not only bucked the downtrend in the equity markets but in relative terms are breaking to new highs against equity indices.
Even with the turmoil in today's markets, Louis James, chief metals and mining investment strategist at Casey Research and the senior editor of International Speculator, Casey Investment Alert and Conversations with Casey, says business really does go on. He stresses that even in the face of what he calls "truly economically suicidal behavior on the parts of world governments," he remains very bullish on precious metals.
We obviously have been too cautious on Silver. The metal has been on a tear and has shown no weakness in the past few weeks.
Gold's high price in Far East trading came minutes before 3:00 p.m. Hong Kong time...and from there it was a long, slow decline of about eight bucks...and then it bounced off $1,430 a couple of times.
Many analysts focus on the seasonality of Gold and Silver. Why? It plays out most of the time.
With the general stock markets now due for a selloff while gold hits new nominal all-time highs, precious-metals-stock traders face something of a quandary. How are their stocks likely to perform in the near future? […]