The “bugs” are getting giddy. Could an 8-year drought in returns for Precious Metals finally be coming to an end? There is no definitive move yet, but many seem to be quite anxious about the recent moves we have seen in both the metals themselves and their mining counterparts. The most popular chart that we […]
A Crude Correlation
Crude Oil fell nearly 7% last week, marking the worst weekly performance for the commodity so far in 2019. It was up an astounding 57% from the December 2018 lows in less than six months before topping out at the end of April around $66 per barrel. It’s now trading around $58, about 14% off […]
Has the Rally in Gold Come to an End?
Gold began 2019 on a strong note, but in the past two weeks, it has given up virtually all of its gains. In mid-February, it was up 5% year-to-date, to peak out around $1,350 an ounce but is now trading around the same price it began the year at around $1,288. Only a few weeks […]
Copper is Trying to Breakout
Copper is currently testing a key resistance level. It’s up nearly 10% so far in 2019. Today, it closed at its highest level in 7-months. Copper is an important industrial metal used in construction, electrical equipment, machinery and more. Because of its numerous industrial applications, it can serve as a barometer for global growth and […]
Junior Miners versus Miners
Earlier this week, Chris Kimble of Kimble Charting shared his thoughts on the relationships between GDXJ (Junior Gold Miners) and GDX (Gold Miners). As he points out, the ratio between these two is an important one to monitor in regards to the overall Mining and Precious Metals sectors. But why exactly is it important? In […]