David Banister- www.MarketTrendForecast.com A few weeks ago I penned a public article and private forecast for my subscribers calling for a major correction in Gold being due. 72 hours after my forecast, Gold had dropped a stunning $208 per ounce in 3 days catching most by surprise. Why did I forecast a top in Gold then? Why did Gold rally back to...

By Jordan Roy-Byrne, CMT In recent commentaries we’ve discussed the relative strength of the gold stocks and in particular the relative strength of the large miners. This relative strength comes at a time when the sector is nearing a potentially historic breakout. We’ve written about this breakout before but now the gold shares are closing in and...

By Jeff Clark, Casey Research Is the mania here? When most investors hear the word “mania” they think of a runaway market induced by greed. You know, that animal-like instinct we all occasionally feel, the one promising riches from a market on a rip-roaring tear. Gold is up 28% since July 1, a mostly one-way rocket ride that’s transpired in just...

By Eric McWhinnie It was an ugly day for precious metals (NYSE:DBP).  On Tuesday, gold (NYSE:GLD) and silver (NYSE:SLV) both fell as the Dow (NYSE:DIA) gained the most points in two weeks. Gold dropped the most in a year after reaching a new nominal high of $1917.90 per ounce.  Silver also declined and reached a session low of $41.50 before rebounding...

Gold Scents As I have been warning investors for many months, stocks have now entered stage III of the secular bear market. Gold on the other hand is now in the final parabolic phase of a 2 1/2 year C wave advance. My best guess was that we would see a Dow:gold ratio of between 5-6 before this C wave ended. The ratio was at 5.71 as of today. For reasons...

David Banister- www.MarketTrendForecast.com Just under two weeks ago I wrote about gold likely running to a final top with various levels ranging from 1862 to 1907 per ounce as likely. So far, we bottomed with a pivot at $1730 which I mentioned to my paying subscribers and we have run to as high as $1898 per ounce counting futures trading on August...

The past few weeks have been fast moving with fearful investors clearly in control. As we all know fear is the most powerful force in the financial market and when the hedge funds and the masses get spooked they all dart in one direction like a school of fish. Watching the charts and volume levels it’s clear that money was/is flowing out of stocks...

By Jordan Roy-Byrne, CMT In our most recent commentary we wrote about the relative strength in the gold equities. Gold equities have not only bucked the downtrend in the equity markets but in relative terms are breaking to new highs against equity indices. In the chart below we plot precious metals prices, GDX versus the Morgan Stanley World Index and...

By Eric McWhinnie Gold (NYSE:GLD) has been in an uptrend for over a decade now.  Last week, gold climbed above $1800 per ounce before consolidating.  Although gold seems to break a new nominal high every other day, the gold critics have been consistently wrong about gold being in a bubble.  In fact, Geroge Soros called gold in late 2010 the “ultimate...

by Andrey Dashkov, Casey Research In the first quarter of 2011 (Q111), net gold hedging was reported by GFMS and Société Générale. A gold mining company may hedge its production on expectations of falling gold prices in order to lock in high prices and possibly avoid losses. As gold hits one nominal high after another, is such behavior a sign that...

By Jordan Roy-Byrne, CMT Savvy and experienced market technicans and traders will laud the concept and importance of relative strength. Relative strength analysis can be used on any time frame. On large time frames it can tell us which sectors could be future leaders. On shorter time frames it can also provide insight to the future. In this analysis...

By David Galland, Managing Director Casey Research I am beginning to feel a bit like one of the French unfortunates stumbling through the fog in the Ardennes, circa 1914. Except that, instead of Germans full of deadly intent coming at me in the gloomy forest, it is a flock of black swans. As it was for the French in the Ardennes, the number of problems...

Scott Redler Of T3Live I sent out a chart on August 10th with different set ups for buying Gold/GLD. We do use a tier system- this way we can scale in and scale out of potential trades. In last e-mail I sent out on August 10th was when Gold was on its highs. The GLD’s were extending into the $175 area. We did state in that note, that it’s not the...

Gold hit $1805 tonight in trading, a Fibonacci Fractal figure I gave out a few weeks ago as a possible top. We are close to a near term high in Gold and Investors should be trimming back positions on this run. Back as recently as $1600 an ounce I forecasted a run to $1805 for Gold using fractal and wave analysis and behavioral patterns, now that we...

By: Scott Redler of T3Live With the market dropping fast and fear rampant over the past couple weeks, gold has continued to be a safe haven, making new all-time highs. Central banks, especially China, who are losing confidence in global currencies, especially the dollar, are buying gold aggressively for safe-keeping. While it’s tough to be a buyer...