Along with the ratios for gold-silver, gold-industrial metals, gold commodity complex and of course Dow-gold, we keep an eye on the all important gold-oil ratio (GOR). A look at a monthly chart shows that the GOR is now down in the area near the ridiculous 2005 bottom. It has been a tough haul ... Read more

This USD rally has been pretty stealth and rightly so, as it has been quite unimpressive. The big picture - as represented by the monthly chart I posted earlier this month - is very bearish. But this short term view of the Dollar shows some mixed messages; on the one hand momo indicators show ... Read more

Last Thursday I showed a daily chart illustrating why I thought a short term correction was in the offing for precious metal stocks. Well, here it is. It is always easier to see something like that in advance and tell yourself you are prepared for it than it is to sit through it until it is r ... Read more

When I look at this chart I wonder how, given my heavy participation in gold & silver juniors, I have managed to maintain ongoing profitable performance. I must be a better trader than I think I am because the representative TSX Venture exchange is in a cyclical bear market since last s ... Read more

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Tying up a few loose ends with the following charts: NDX does indeed break after filling gap as was speculated upon here. Dow looking unhealthy but could soon bounce. HUI is in a setup to pull back a bit, which would be healthy at this point. Oil gives me the comfort of knowing that things are as ... Read more

The daily chart of HUI shows a bullish Huey heading toward some short term over bought readings. For the record the AROON indicator, which I neglected to include in the daily still shows a down trend. Fibonacci retrace levels are shown to illustrate that in the short term at least, HUI remains in a ... Read more

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I want to be very careful about using someone as smart as Dr. Hussman as a contrary indicator, but... from this week's Market Comment : On last week's rally in precious metals shares, we clipped our exposure further, to just about 5% of assets. This is about our lowest allocation to precious me ... Read more

A good first step in debunking bogus thinking like "high oil prices are adding to inflation" is for this well hyped commodity to reverse lower while the monetary metal, gold holds its own or continues higher. Inflation is a monetary policy problem. High oil is merely one symptom of the problem ... Read more