Category: Insights

Dow Theory Update for December 20: XAU/GOLD ratio at 30 years low: Are Gold miners a “buy” now?

posted on: December 20, 2013

Stocks make higher highs confirmed Yesterday GDX made lower lows. Coincidentally, the XAU index versus gold has reached a 30 years low. Accordingly, gold miners are the cheapest for the last 30 years in terms of gold. Is this a buying opportunity? If we bet for a reversion to the mean, I’d answer “yes”. However, […]

Dow Theory Update for December 19: Gold and Silver close to signaling primary bear market signal

posted on: December 20, 2013

Stocks take a breather The assessment I made yesterday, some 80 minutes before the close, remains valid. SLV closed down but refused to violate its primary bear market low (June 27th). GLD closed down and decidedly violated its primary bear market low (June 27th). However, as followers of this blog know, under the Dow Theory, […]

Today’s post delayed until tomorrow before the open. Trends unchanged

posted on: December 19, 2013

Some 80 minutes before the close I see that GLD (gold) pierced the primary bear market lows but silver SLV refused to do so. So lower lows in gold unconfirmed by silver negate any message under the Dow Theory. To re-confirm the primary bear market signal, SLV should close below its primary bear market lows […]

Dow Theory Update for December 18: Industrials and SPY make higher highs. Primary Bull market reconfirmed

posted on: December 18, 2013

Gold and silver plummet but fail to make lower lows Yesterday, I observed that most of the days were not relevant under a Dow Theory standpoint. Well, today it is a relevant day. The SPY and the Industrials pierced their last recorded closing highs and by doing this the primary bull market has been […]

Dow Theory Update for December 17: Deflationary day, albeit trends remain unchanged

posted on: December 17, 2013

Dow Theory Letters and daily noise. In the latest “Dow Theory Letter”, Mark Kerkhoff, has stated that they have a tough job at the Dow Theory Letters because they must analyze the markets daily whereas their focus is the Primary Trend. I understand Mr. Kerkhoff, since daily movements tend to be mere noise. However, one […]

Dow Theory Update for December 16: Stocks close up but remain below last recorded highs

posted on: December 16, 2013

Gold and silver close up. Today’s going to be a short post on this Dow Theory blog. US Stocks closed up and trends remain unchanged. Gold and silver and their miners closed up. However, trends remain unchanged. More details about the current trends for stocks and precious metals, here. Sincerely, The Dow Theorist

Dow Theory Update for December 13: Stocks take a breather

posted on: December 13, 2013

And trends remains unchanged Let’s get started with our daily Dow Theory commentary on this blog. US stocks The Industrials, and Transports closed up. The SPY closed weakly down. The primary trend is bullish, as explained here, and more in-depth here. The primary trend was reconfirmed as bullish on October 17th and November 13th, for […]

Dow Theory Update for December 12: GLD and SLV back to the “danger zone”

posted on: December 12, 2013

Weakness persist in stocks US stocks The Industrials, and SPY closed down. The Transports closed weakly up. Days of lower prices begin to pile up. If the decline persisted and got deeper, soon a secondary reaction would be signaled. The primary trend is bullish, as explained here, and more in-depth here. The primary trend was […]

Dow Theory Update for December 11: Is a new secondary reaction beginning?

posted on: December 11, 2013

We will know soon. A couple of days ago, the SPY made a higher closing high whereas the Industrials and the Transports failed to confirm. The longer such non confirmation persists the higher the odds for a secondary reaction to develop. Today’s dismal action makes it more difficult for the Transports or the Industrials to […]

Dow Theory Update for December 10: Precious metals come to live, momentarily escaping the “danger zone”

posted on: December 10, 2013

Dow Theory Letters and the Chinese bull market in stocks Matt Kerkhoff, currently a contributor of the Dow Theory Letters, has stated that the Chinese stock market has recently turned bullish as a golden cross (50 day moving average crossing above the 200 day moving average) has just appeared on the chart. I agree with […]

Dow Theory Update for December 9: Stocks close mildly up

posted on: December 9, 2013

Precious metals consolidate Today’s gonna be an ultra short post on this Dow Theory blog. Bottom line: Trends (of primary and secondary extent) have not changed, and remain the same as analyzed in-depth last Friday, December 6th. Sincerely, The Dow Theorist

Dow Theory Update for December 6: Stocks close up strongly but fail to make higher highs

posted on: December 6, 2013

Gold and silver at crossroads. US stocks The Industrials, Transports and SPY closed up. In spite of today’s strong close, no index managed to make a higher high. The primary trend is bullish, as explained here, and more in-depth here. The primary trend was reconfirmed as bullish on October 17th and November 13th, for the […]