Support for Gold rally is building

Gold has been in a narrow range since mid-August, and is down about 6% YTD in USD terms. It has had several opportunities to sell off more given a hawkish Fed, a rising USD and speculators going net short, but tellingly it has remained quite well supported. Today...

Good Entry Point to add to Gold Longs

(from our Tactical report of 10th January 2017) The major sell-off in gold in 4Q16 offers a great tactical entry to buy gold.  Gold has seen significant outflows over the past 3 months: Also January is a seasonally strong month for gold: The macro picture also remains...

Look for Opportunities to Re-accumulate Gold Stocks

(from our Tactical of 11th October 2016) Goldminers have a notoriously high beta to the price of gold, and they didn’t disappoint last week, with the GDX dropping 13% vs down 4.5% for gold.  However, we have had a technical divergence buy signal for the GDX (chart...

Rare Buy Signal on Gold; Potential Short-covering Rally

Over the past three weeks we have had two rare buy signals on gold. Previous buy signals have returned 5-10% over the next month. The signal is a measure of selling or buying exhaustion.  The returns are very good, and while not every single signal works, the odds are...