This morning I added a note to last nights Current Thoughts about what gold did overnight in Asia and Europe as well as at the open here in the U.S. Here is what I said around 6:30am PST. 10/22/2014 MORNING UPDATE Gold never did follow through higher and the miners are all gapping down. CPI came in as expected but …
Read MoreGold and Silver Outlook 10-21-14
Gold and silver ended the day with slightly better scores today but the miners continued their struggles. GDX, JNUG and NUGT all finished down for the day and the score remains at -100 for GDX. I am still leaning for a bounce here but gold has to continue higher for this to occur. The dollar shot up with news from …
Read MoreGold and Silver Outlook 10-20-14
Gold, silver and the miners all went up slightly today ending a mini losing streak. The scores for all 3 improved a little. The dollar stayed above 85 on the index while the 10 year maintained at 2.20%. Is this the beginning of a bullish breakout for the short term? It seems like the risk vs. reward might be there …
Read MoreGold and Silver Outlook 10-19-14
Somethings got to give soon between the scores of GLD which has improved to +70 and silver and the miners which are sitting at -100. GDX is only 70 cents off its low hit earlier this month. Watch to see if JNUG breaks to a lower low as this may be the sign the miners have had it. A break …
Read MoreGold and Silver Outlook 10-16-14
Gold and silver couldn’t really make up their mind today just as I couldn’t yesterday in trying to figure out their next direction when I said my crystal ball was foggy. The scores remained the same with silver falling back to -100. 10 Year Treasury Yields and the Fed I’ve been mentioning from time to time the fact I thought …
Read MoreGold and Silver Outlook 10-15-14
Gold continued its climb today and all my recommendations from yesterday, GDX, NUGT, JNUG and TNA ended higher. TNA opened lower and could have been bought at $54 to $55 and sold after going green. It then fell back to $54 again and closed over $58, up $1.80 even with a stock market that closed down 173 on the day. …
Read MoreGold and Silver Outlook 10-14-14
Gold maintained some strength today before falling back a bit. Silver still holding its own, but a little weaker than gold. The miners were up most of the day and gave some back by close. GDX and NUGT were both up with JNUG ending with a small loss. Not much after hours action to speak of. Something should pop soon …
Read MoreGold and Silver Outlook 10-13-14
Opposite of the question I asked yesterday is the question today, does gold lead the miners? It seems that today we saw that kind of action with the gold score breaking into the positive for the first time in awhile. This may be worth a short term play on the miners like GDX, NUGT, or JNUG depending on your risk …
Read MoreGold and Silver Outlook 10-12-14
Are Miners Leading Gold? Are the miners leading gold or is gold leading the miners. If it is the former, gold is poised to fall further. Many miners have been hit hard lately and some falling below their 2008 lows. Take IAMGOLD Corp (IAG) for example. Larry Edelson told his clients the gold market had bottomed and was beginning to …
Read MoreGold and Silver Outlook 10-10-2014
Friday’s Gold and Silver Outlook for Current Thoughts on gold and silver will be moved to Sunday afternoon/evening. Most investors want to know what is going to occur the next day and a recap of what occurred on Friday doesn’t help an investor since the markets are closed for the weekend. Including with the recap of Friday what is going …
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