Category: Precious Metals

Gold and Silver at a Crossroads: Bull Continuation or Bear Market Ahead?

posted on: November 20, 2024

Breaking Down Gold and Silver: A Critical Moment Overview: In a similar fashion to the gold and Silver miner’s ETFs, gold and silver reached a make-or-break moment on 20/19/24. The setup for a potential bear market has been completed, and the line on the sand has been drawn. In this post, we examine the key […]

Precious Metals Miners at a Crossroads: Bull Continuation or Bear Market Ahead?

posted on: November 19, 2024

Breaking Down the Gold and Silver Miners ETF: A Critical Moment Overview: The gold and silver miners ETF reached a make-or-break moment on 11/19/24. The setup for a potential bear market has been completed, and the line on the sand has been drawn. While gold and silver themselves have not yet completed the setup for […]

Bull market for the gold and silver miners ETFs (GDX & SIL) confirmed on 9/24/24

posted on: September 27, 2024

Chinese Stimulus Sparks Melt-Up in Gold, Silver, and Mining ETFs. Overview: The markets were sniffing the Chinese stimulus days before it was official. All assets are in a melt-up mode; GDX led the parade, and finally, SIL caught up. The bull market in precious metals has been confirmed. Once again, the principle of confirmation saved […]

Precious Metals Bull Market Confirmed on 9/24/24: Gold and Silver Miners Soar

posted on: September 27, 2024

Chinese Stimulus Sparks Melt-Up in Gold, Silver, and Mining ETFs. Overview: The markets were sniffing the Chinese stimulus days before it was official. All assets are in a melt-up mode; gold led the parade, and finally, silver caught up. The bull market in precious metals has been confirmed. Once again, the principle of confirmation saved […]

Not so bullish now: Setup for a potential bear market signal for GDX and SIL completed

posted on: August 31, 2024

The primary trend remains bullish until proven otherwise Overview: GDX and Sil underwent a secondary reaction against the primary bull market. The recent price action resulted in a setup for a potential bear market signal being completed. Please mind the word “potential”, which implies that the primary bull market remains in force. GDX broke up […]

Gold and Silver ETF miners (GDX & SIL) soar: Primary bull market re-confirmed on 7/16/2024

posted on: July 16, 2024

Gold and Silver are also in a bull market Overview: GDX and Sil underwent a secondary reaction against the primary bull market. Confirmed higher highs by both ETFs have reconfirmed the primary bull market. Gold and Silver are in a bull market of their own, as I explained HERE. I see most assets going to […]

SLV and GLD: Evaluating the Secondary Reaction and the Setup for a Potential Primary Bear Market

posted on: June 20, 2024

The primary trend remains bullish Overview: SLV and GLD (silver and gold) are in a secondary reaction, and on 6/20/24, the setup for a potential primary bear market has been completed. The gold and silver miners ETFs (GDX and SIL) are also in a secondary reaction, but no setup for a potential primary bear market […]

Gold and Silver Surge: Dow Theory Confirms Bullish Primary Trend on 5/17/24.

posted on: May 18, 2024

Overview: Higher confirmed highs by SLV and GLD (silver and gold) have reaffirmed the primary bull market. The secondary reaction is over. The most recent pullback in the gold and silver miners’ ETFs (GDX and SIL) was so modest that it did not qualify as a secondary reaction. So, a bull in full gear. General […]

Melt up: gold and silver soar, triggering a new Dow Theory bull market signal on 4/2/24

posted on: April 3, 2024

SIL and GDX are also in a Bull market since 4/3/24 Overview: On 4/3/24, SLV finally surpassed its 12/1/23 closing high at 23.33 and confirmed GLD, which had breached its 12/27/23 highs on 3/1/24. So, now, according to the Dow Theory, a primary bull market in gold and silver has been signaled. Today, 4/3/24, SIL […]

Unveiling the current trend: Primary bear market for gold and silver miners ETFs signaled on 2/28/24

posted on: March 4, 2024

Bitcoin soars, gold rallies, but silver and gold and silver miners refuse to confirm Overview: Despite the rally that gold has experienced in the last few days that brought gold to higher highs, the primary trend remains bearish because silver has refused to confirm. If/when SLV surpasses its 12/1/23 high, the primary trend would shift […]

Unforeseen CPI Jump Rattles Markets: A Deep Dive into Gold and Silver and their New Bear market signaled on 2/13/24

posted on: February 15, 2024

Gold and Silver are in bearish trends according to the Dow Theory Overview: On 2/13/24, January’s Consumer Price Index (CPI) exceeded expectations, triggering significant market upheaval. The Headline CPI saw a 0.3% month-over-month increase compared to the previous month’s 0.2% rise. This unexpected development led to widespread turmoil: Stocks plummeted. Precious metals and their mining stocks […]

Gold’s Downturn? Dow Theory Signals Market Risk Ahead

posted on: February 6, 2024

Setup for a potential primary bear market for GLD and SLV completed Mark Hulbert, known for his keen market timing insights on MarketWatch, recently shared concerns about the longevity of the current gold bull market in this article. It’s worth noting that excessive bullish sentiment can sometimes signal a bearish outlook. Check out his 2/5/23 […]