Clik here to view.
Chart of the day
Gold breaking s/t resistance in long-term uptrend. Keeping our bullish technical call for gold @ $1900.
View ArticleClik here to view.
Chart of the day
Gold – currently flat following recent weekly MACD sell. With the 50-day moving average about the 200-day one and in an environment on negative real interest rates, we would like to buy back gold on a...
View ArticleThe message from Gold: deflation?
The move in Gold and precious metals has many searching for an explanation. Some seem to suggest Gold is pointing towards deflation risks. While an unlikely outcome in countries with inflationist...
View ArticleClik here to view.
Contrarian…
It was Goldman’s “super-spike in Oil” thesis that called the top in Oil. They had a huge push on Copper just prior to the plunge. They were long-term-bullish Gold, (until changing tactically for a puke...
View ArticleClik here to view.
GOLD: Unwinding the biggest consensus trade
Long Gold was one of the biggest consenus trades throughout the financial crisis. How things can change though. Gold liquidation continues (see ETF holdings chart below) and gold companies continue to...
View ArticleClik here to view.
End of quarter review = downgrades
Expect to see a raft of changes to analyst earnings this week. At the beginning of the last quarter it was the major changes to iron ore prices that caught people off guard. The start to Q3 looks no...
View ArticleClik here to view.
Gold: cum upgrades
Gold is rare insofar the street is below the forward in terms of price expectations. In other words, all else equal, gold stocks are cum-upgrades. Now, we caution investing in gold miners generally,...
View ArticleClik here to view.
Riccardo’s favourite commodity is now gold
And should he be proven right, and gold rallies some more, the upgrades to street forecasts could be quite significant. See chart below showing street estimates (green) vs. the forward curve (red). We...
View Article
