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India Gold Sales Slumping?
India’s “gold season” is well underway. Early reports were that gold sales were stronger than expected. Now more reports are indicating early sales rates may not be continuing. When I was working in department
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Out of NUGT, Just Before Election
If you were following along our trade in NUGT, you know we’re out now according to our rules. Last Weds (11/2/2016) NUGT was heading up above 16 at the open, and we recommended moving
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Gold vs Silver Ratios
Periodically you’ll see articles about the gold-silver ratio. The idea is that silver pricing is generally close to the same multiple of the price of gold, and when it gets too far behind it
Read More »What Is Driving Gold Prices Right Now?
Everyone always has their pet theory about why gold is moving at any point in time. Some of them are good, some of them are just … weird. Right now it’s fairly obvious what’s
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We’re Back to Trading NUGT!
NUGT is showing signs of life this week, as the US Dollar (tracked by UUP) continues it’s recent slide. Either as a result, or because gold stocks were oversold, buying interest has picked up
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US Dollar Softens, Gold Rises
Yesterday we talked about how the price of gold and the value of the US Dollar are related. Then, as if by magic, today we get a perfect example of it! If you’re in
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The Simple Way To Watch The US Dollar
As you’re aware by now, the biggest economic factor that affects gold price is the value of the US Dollar. That’s great to know, but what can you do about it? Well, turns out
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Are SMAs Saying It’s Time To Buy Gold?
The first round of major gold miners have reported earnings, and we’re all still here! No tsunamis drowning cities, no meteors falling from the skies. The charts show no huge ups, and no huge
Read More »First Set of Gold “Majors” Report Earnings
So it’s now Thursday (early!) morning and the first five big gold miners have reported. Here they are, with their earnings report in USD per share (+ means profit, – means loss): Tuesday 10/25
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Is Russia Selling Gold?
Most of the time we hear about countries buying gold. Countries buy gold for two reasons: first, to add to their strategic reserve of assets, and second, to help prop up their currency. Continue
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