Category: Precious Metals
Dow Theory Update for Feb 21: Is a secondary reaction beginning?
posted on: February 21, 2013
Is gold making a bottom? Special note about gold Yesterday, February 20, 20.77 tonnes of gold were drained from GLD. In other words, GLD inventory decreased by 20.77 tones or 1.57%. As Victor the Cleaner has explained here such “pukes,” contrary to conventional wisdom, are bullish, as they denote great avidity for physical gold, which […]
Dow Theory Update for Dec 20: Gold and Silver in a primary bear market
posted on: December 20, 2012
No changes in precious metals stocks ETFs. Normally, I start my daily post in this Dow Theory blog by talking about stocks. Today’s action in gold and silver beg for a change. Gold (GLD) and silver (SLV) closed down today. Silver violated its November 2 secondary reaction low, and with it confirmed the previous […]
Dow Theory special issue: Revisiting the BLV/GLD ratio
posted on: December 19, 2012
Still at crossroads? We have dealt with the BLV/GLD ratio on several occasions in this Dow Theory blog. To understand why this ratio is important, I suggest you read here and here the relevant posts to get a taste of it. If the ratio turns bearish (stronger gold) it means a hard time […]
Dow Theory Special Issue: A second opportunity to get into Gold and Silver?
posted on: November 3, 2012
During all the ascent of gold and silver, I advised not to chase rising prices since, as the price goes higher, there is less money to be made when right and more money to be lost when wrong. This is why I wrote a post entitled “What should I do if I missed the Dow […]
Dow Theory spells trouble for bonds: Clouds on the horizon. Part II
posted on: October 25, 2012
Yesterday, in this Dow Theory blog, I promised you that I’d talk about the BLV/GLD ratio. Here we go. Let’s begin with an old post called “Dow Theory spells trouble for bonds: Clouds on the horizon” which you can read here Go to that post and look at the BLV/GLD chart that is displayed […]
Not all “gold” is born equal. Gold and the Dow Theory.
posted on: October 8, 2012
Gold? What kind of gold? Followers of this “Dow Theory Investment” blog know that I always keep a very close eye to gold and silver. This is something that is not very usual in the investment fraternity, since gold tends to be disparaged, at worst, or ignored, at best. This accounts for making gold […]
Rearranging the big picture in a week full of relevant Dow Theory events
posted on: October 6, 2012
Weekly Dow Theory recap This was a week rich in Dow Theory significant events as well plain technical ones. Here is a summary of the messages the markets gave us this week of which this blog took due notice. 1) Bonds are at a critical juncture. If they turn weaker, they may ignite […]
Dow Theory update for October 1: Markets up. No technical changes…yet
posted on: October 1, 2012
A secondary correction may happen any time now On Friday, Sept 28, the stock market had been trending lower for the last 10 trading days (for the SPY and Transports). This is the minimum time requirement for a secondary reaction to exist. However, for a secondary reaction to exist it is necessary that two of […]
Dow Theory update for Sept 28: Markets down with no technical consequences
posted on: September 28, 2012
It was Charles Dow, father of the Dow Theory, who said that in the world of investing you have to “exercise enough patience for six men.” He meant by this that the markets don’t accommodate our wishes and even the best laid out investment plan may take time to materialize. The Dow Theorist investing along […]
Dow Theory update for Sept 27: Bull markets don’t die easily
posted on: September 27, 2012
Gold and Silver on the verge of breaking out prior highs Today all markets I monitor closed up. What else can I say? The primary bull market remains intact and the long awaited secondary correction (which would be a good opportunity for latecomers to be long stocks and precious metals as you can read here) […]
Dow Theory update for Sept 26: Finally, we get a 3% pullback
posted on: September 26, 2012
However, precious metals still resilient The three stock indices I monitor closed down for the day and we get some news which I would label of “tertiary” importance. I see three kinds of movements. The first is the primary trend or primary movement which may span more than one year. The second one is the […]
Dow Theory update for Sept 25: All markets down. No technical damage yet
posted on: September 25, 2012
Talk about resilience!! The long awaited secondary reaction hasn’t materialized yet, all the big declines of today notwithstanding. Today all the markets we monitor closed down. However, as I noted yesterday, not even a minor insignificant low has been broken yet. I quote from yesterday’s post which you can find here However, the decline experienced […]
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