Something funny is happening in the mining stock world. Gold and gold stocks have been in a correction since last September and it has gone on for so long that many people are giving up on them just as it appears that this correction may be coming to an end. Just a few days ago [...]
Is it safe to start buying Gold Stocks yet?
April 4, 2012 by
David A Banister- www.ActiveTradingPartner.com One of the most common questions I field from my forecast and trading subscribers is can we buy Gold stocks yet? We have seen Gold consolidating and correcting following a 34 fibonacci month rally that I discussed last fall was going to top out around 1900 per ounce. This type of [...]
Why Gold Should Set new Highs for the Holiday’s
November 14, 2011 by
Most gold followers know the metal has a seasonal tendency to perform better in the fall and winter than in the spring and summer. Indeed, since 2001, the annual high for the gold price has occurred after Labor Day every year except two (2006 and 2008). Further, that peak was hit in November or December [...]
Gold stocks roll over! Where will gold and gold stocks bottom now?
Gold stocks broke through support yesterday and are rolling over. On Tuesday the Market Vectors Gold Miners ETF (NYSEArca: GDX) closed below its recent 51 support level to finish the day at 50.06. In pre-market action today it is trading down over one percent. At the same time gold also saw heavy selling yesterday to [...]