Gold And Top Gold Stocks: Not All "Birds" Flew To The North

Aibek Burabayev - Contributor - Metals

In this post, I would like to share with you the comparative dynamics of gold and top gold stocks starting from the date when the recent local bottom of gold was set at $1241 on the 7th of October, 2016 to see how top gold stocks reacted to the recent gold reversal.

Chart 1. Gold And Top Gold Stocks: Not All “Birds” Flew To The North

Gold vs. Gold Stocks
Chart courtesy of

I put the chart the gold together with the 5 top gold mining stocks by market cap, which I started to cover this August. These are (ranked by market cap): Continue reading "Gold And Top Gold Stocks: Not All "Birds" Flew To The North"

Mining Leaders Have More Room To The Downside

Aibek Burabayev - Contributor - Metals

Back in August of this year, I shared with you the comparison charts of gold and silver stocks. The precious metals hit the new highs before that, and so did the mining stocks. After that, the prolonged correction of underlying assets (gold and silver) put pressure on the mining stocks. Below is the chart showing you the 6 stocks’ behavior.

Chart 1: Top Mining Stocks: The Leaders Lost The Most

Chart 1: Top Mining Stocks
Chart courtesy of

The 3 top gold stocks by past performance: Continue reading "Mining Leaders Have More Room To The Downside"

Putting Gold Miners Into Proper Perspective

Precious metals expert Michael Ballanger reviews a number of the key elements that have characterized 2016's advance in gold, silver and the associated mining, development and exploration stocks.

GDXJ Chart

With the summer of 2016 passing by at an alarming pace, I think it is important to take a few moments away from the enchanting beauty of Georgian Bay and review a number of the key elements that have characterized 2016's breathtaking advance in gold, silver and the associated mining, development and exploration stocks. While gold bullion is ahead 26.6% year-to-date, the gold mining stocks have demonstrated their incredible contained leverage and why, when the market operates properly, they are vastly more rewarding than the physical metals themselves. However, the 2016 advance has had many analysts questioning the integrity of this latest move as the HUI (NYSE Arca Gold BUGS Index) and the XAU (Philadelphia Gold and Silver Index) have defied gravity, the laws of physics, the Law of Diminishing Returns, and just about every other law that historically pertains to the behavior of stocks. Continue reading "Putting Gold Miners Into Proper Perspective"

Global Unease Pushes Gold Higher

This morning the gold market is pushing higher and it is within $18 of making a new high for the year. I'm sure this is not because of all the gold that has been won by the U.S. team in Rio, but rather to a global uneasiness hat has permeated the year so far.

MarketClub's Mid-day Market Report

In today's video, I will be analyzing gold (FOREX:XAUUSDO) and the gold mining stocks that I have discussed before. The stocks are Newmont Mining (NYSE:NEM) and Barrick Gold Corporation (NYSE:ABX). Both of these stocks are set to go significantly higher based on the Trade Triangles and their technical chart counts.

I will also be analyzing crude oil (NYMEX:CL.U16.E) and showing you a key level that I see that could pop crude up several dollars in a short period.

After their big push up last Friday, the equity markets have come to a somewhat stationary position. However, that has not altered the longer-term trend that I see in the indices which are currently in an uptrend. I will be examining each of these indexes individually and giving you my latest thoughts on the trends in each of these markets. Continue reading "Global Unease Pushes Gold Higher"

The DOW Heads For 20,000

Hello MarketClub members, well here we are at the beginning of a new trading week with lots going on. Somehow I don’t think we are going to be seeing the dog days of summer in 2016. Last Friday the major indices resumed their upward journey and the continuation pattern I discussed in my previous video. I continue to think that the equity markets can go higher, a lot higher based on the Trade Triangles and the technical formation on the charts.

MarketClub's Mid-day Market Report

I can see the DOW (INDEX:DJI) moving over the 20,000 mark in the next several months. The markets could get another boost today as one of the presidential hopefuls is going to propose the biggest tax cuts we have ever seen in modern times. Continue reading "The DOW Heads For 20,000"