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When gold and silver crashed, I dialed in my favorite leveraged proxies for close viewing – Royal Gold (RGLD) and Silver Wheaton (SLW). Both are great businesses – junior miners who don’t actually do any mining. Rather they are royalty companies, who own the gold and silver in the ground respectively, and cut deals with […]
With the precious metals recovering from their recent free fall, you would think investor sentiment would be at rock bottom levels. If so, then you (and me) would be wrong – at least according to an indicator that only our technical expert Carl Swenlin would have a beat on! Precious Metals Sentiment by Carl Swenlin […]
If you’ve been waiting for the correction in silver to play through, these are interesting levels to consider punting at. This will be the fourth time in fourteen months that silver has tested support at $26 – and the previous three times, it’s held. Thus far, Toto would be proud – silver’s held the line […]
When you get waxed 30% in a couple of weeks, what good news could there be? Here’s the bright-side – for the silver bulls that didn’t get margin called, you’ve seen solid support at the 50-day moving average (blue line below) over the past 24 months: Everytime silver has touched its 50-day MA over the […]
I saw a mini-contrarian signal for silver in today’s edition of Help a Reporter Out – an email publication devoted to connecting journalists with qualified sources. Not to pick on Bankrate.com in particular – but what the heck. When they are writing about an investment theme, we should probably cast a skeptical eye towards it… […]
Here’s a very well articulated bullish case for gold and silver courtesy of precious metal guru Eric Sprott. Of course Sprott has a horse in the race, with his asset management firm holding very large positions in the precious metals, but I highly recommend you take the 8 minutes to watch this clip. And at […]
Sentiment on the dollar is in the tank – and we’ve got a pretty decent crisis on our hands in the Middle East. So you’d think with all the bad news already priced into the buck that this turmoil would be enough to send the dollar sprinting higher. Good guess…but thus far, an incorrect one! […]
I have to admit, I thought the precious metals would get slammed today if the Fed announced anything less than $1 trillion in QE2. And slammed they were, when the pitiful number of $600 billion was announced. However, both gold and silver rallied by the closing bell to pare down their losses, and both are […]
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