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Gold took all day to figure out what it wanted to do today while silver was down the entire day. Watch $1,244 to be taken out for the bullish trend to continue and $1,200 for the bearish case.  $17.23 bull and $16.61 bear for silver. If you notice, silver acted more like the deflationary metal today where we saw copper, …

Gold moved past the resistance in the morning only to come back down by the afternoon. Silver finally moved higher as it was lagging gold and triggered a green weekly arrow which is bullish. While the mining ETFs all still have green weekly arrows, they did take a hit today. JNUG lost 10%,  GDXJ 3.8% and GDXJ 4.37%. After hitting …

In yesterday’s Current Thoughts I made the following observation on mining stocks; Right now we are moving higher and that is the trend. Buy the dips or go long until the daily arrow turns red. This has been the trade since Dec. 31, 2014 when when JNUG first turned green on the weekly. Today we saw JNUG up 15.87% to …

Gold and silver have continued their climb higher and with it the miners are continuing their bounce as well. In my 2015 Predictions for Gold and Silver I wrote on Friday I spoke about the indicators I see that tell me the final lows of gold and silver are not in. If I play devil’s advocate with my views, which I …

Gold and silver couldn’t break out today and both finished slightly down for the day. All the mining ETFs took a hit and JDST hit a higher high bounce off the mid $9 range to close at $11.05. We’re in no mans land right now with the metals and they are difficult to play one way or the other but …

In yesterday’s Current Thoughts I said to expect some volatility today with the Fed’s minutes coming out from their December meeting. We got just that as you can see from the charts of both JNUG and JDST below. Down, up, down, up, down. That’s the definition of volatility. We are still technically in an upward trend and the risk reward is …