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Gold prices fell again today on a stronger than expected GDP report and continued strength in the dollar. Silver managed to eek out a little bit of a gain. Mining stocks continued to take it on the chin. Gold and Silver Recap and Outlook    Gold has fallen 8.1% this quarter but is up 1.1% for the year still. Silver is …

Gold fell to an 8 month low today but rebounded mid-day. The scores for gold and silver stayed at -100. Was this the Bottom for Gold? Was this a turn up in gold from oversold conditions? Sure. One day does not a trend make, so we need to realize that upturns always come and we were due for a move …

The correlation of the dollar moving higher and precious metals lower continued today as the dollar index breached 85 for the first time, a 4 year high. While this is only one of the indicators I follow in speculating what gold and silver might do next, it is one I give more emphasis to. US Economic Data Good New home …

Gold and silver bounced today off their most recent lows with both scores moving from -100 to -90. Yesterday I said; “Mining stocks look like a double bottom and it wouldn’t surprise me to see a bounce coming” and today we saw GDX move up 1.62% and JNUG up 7.67%. I again only view these types of trades as short term …

Both precious metals ended up lower again today as the knife keeps falling and no one is daring to grab it. Gold and silver maintained their -100 scores. Some say China had something to do with it as they dampened stimulus hopes just because recent data has been week. Home sales also fell. Mining stocks look like a double bottom and it …

While stocks break to new highs, gold and silver are still in a strong downward trend and today gave us no indication the pain is over. While all scores remained the same for GLD, SLV and GDX at -100, -100 and -70, it was still a topsy turvy day with jobs numbers coming in good but the Philadelphia Fed Manufacturing Index came …

Not only did we get the volatility related to the Fed meeting we got the continued down turn in gold and silver I expected today. While gold has still not broken below it’s 2013 double bottom lows in the $1,190 range, silver has closed below the 2013 low. Silver is definitely showing that deflation is still in the air and that …

As mentioned yesterday and again mid-day today with an update on gold posted, we saw some volatility in the precious metal pre-Fed announcement. There was a spread between the high and the low of $10 and a bounce higher only to settle just above the lows of the day as gold maintained its -100 score. Silver was a bit more …