Tag: Gold MinersSort
The good news is that the bottom has likely been put in for gold, silver and gold miners BUT the recent rally in these metals and miner looks to be coming to an end. While we could see another pop in price over the next week or so the price, volume and momentum see to be stalling out.
What does this mean? It means we should expect short term weakness and lower prices over the next month or two.
On April 12th I wrote a blog post titled Precious Metals Melt-Down, and How To Manage It. I talked about how gold, silver and gold mining stocks have been flying under the media radar for over a year and that they were not catching the attention of traders, investors and the public anymore. I also said it would take some sharp price action (breakdown or rally) for it to be front and center again on TV, Radio and Newspapers.
Gold & Gold Miners Are Closing in on a Major Bottom
It's gold miner earning season… Can anyone compete with Chinese gold miners? Julian Murdoch looks at new developments in China's gold market, including last week's surprising announcement about Chinese gold reserves; why pure plays aren't so much (and what copper has to do with it); and how non-Chinese miners have fared so far.
Spring, it seems, was a long time coming for gold stock investors. Even the good issues took some pounding. Before the vernal equinox, for example, we thought El Dorado Gold (NYSE: EGO)'s low production costs of $258 an ounce would give the company a nice cushion if gold prices took more drubbing...