Search Results for: gold

Wanted: Real Gold Experts

Experts on the topic of gold are a dime a dozen.  However, few, if any, are actually experts at all.  With the ability to be quoted day in and day out, there is little or no accountability when it comes … Continue reading

Are There “Values” in Gold Stocks?

Looking at any analysis of gold stocks, you would think that fundamentals matter.  The companies have quarterly reports that reflect operating expenses, pre-tax profits, estimates reserves, sometimes earnings and in rare instances dividends.  However, when it comes to gold stocks, … Continue reading

The Definitive Dow Theory on Gold

Dow Theory attempts to define and identify major moves in markets referenced here as the “primary trend.”  In this piece, we will outline the price of gold according to Dow Theory. We’re going to review and analyze the primary trend … Continue reading

Gold Bears Pull the Chair

Gold Stock Indicator: November 20, 2015

Gold and gold stocks continue to languish as there appears to be no catalyst to propel prices higher.  The perception of no reason for gold to increase adds to the despondency of traders and investors which compels selling.  However, we’d … Continue reading

Royal Gold: SRL Update

On October 12, 2012, we posted the following SRL for Royal Gold: We said the following of the above chart: “The SRL for Royal Gold at $44.62 doesn’t seem outlandish given what has already occurred in the previous declines from … Continue reading

E. George Schaefer and Gold Stocks

E. George Schaefer is most synonymous with Dow Theory and its modern application.  However, E. George Schaefer was also known for his work in the selection and timing of gold and silver stocks.  As a bit of background on E. … Continue reading

Gold Stocks: Risks and Remedies

The topic of gold inspires a charged reaction from individuals seeking fiscal and monetary responsibility of their respective governments.  This article is an attempt to establish the risks of gold stock ownership in an investor’s portfolio.  We will cover the … Continue reading

Dow Theory and the Gold Stock Indicator

Gold Stock Indicator: October 9, 2013

Although gold and gold stocks declined, the Gold Stock Indicator (GSI) increased above the level from yesterday.  we’re currently sitting slightly above the “stage 4 buy” level which is based on the 2008 low. Our use of the 2008 low … Continue reading

Gold Stock Indicator

Review: Royal Gold (RGLD) Speed Resistance Lines

On October 12, 2012 (found here), when Royal Gold (RGLD) was within 11 trading days of the all-time high at $89.27, we said the following:

Gold Price: Affected by Gold ETF Outflows?

Subscriber F.H. brings our attention to a comment made by a gold fund manager.  The manager suggested that the reason for gold’s weakness is primarily due to the liquidation occurring in gold ETFs.  This implies that if there weren’t gold … Continue reading

Gold: 50% Principle

From a Dow Theory perspective, downside targets rely heavily on the concept of the 50% principle. Although mistakenly attributed to E. George Schaefer by Richard Russell, the 50% principle is derived from Charles H. Dow’s “great law of action and … Continue reading

Emerging Markets and Gold

Drawing from the work of Bhartia and Seto in the article titled “Present and Emerging Risks to the Gold Trade” (found here) and “Emerging Consumers Drive Gold Prices: Who Knew?” (found here) it is claimed that the driver for the … Continue reading