Search Results for: gold

Gold Stock Indicator Points Down

On November2, 2011, we posted an article titled “A Strategy is Needed for Lagging Gold Stocks.”  In that article we made reference to a Gold Stock Indicator that we’ve been using to determine the best times to buy and sell … Continue reading

A Strategy is Needed for Lagging Gold Stocks

For gold stock investors, a timing strategy is the most effective way to match or beat the coming metal price increase. Among our caveats, we’re excluding junior and exploration mining companies which will either go out of business, experience share … Continue reading

Dollar Down, Gold Up?

We’re not the best observers of the dollar/gold relationship.  However, We have noticed some discussion of the idea that if the dollar declines then the price of gold will (continue to) rise.  This logic seem to make perfect sense, on … Continue reading

Projecting Downside Targets for Gold and Silver Stocks

In our prior work on the topic of gold and silver, we indicated that the precious metals market had entered into a secular bull market. Our confidence in that thesis was based on the works of Edward Dewey and Edwin … Continue reading

AngloGold (AU) and Other SA Stocks Offer No Margin of Safety

If we’re on the brink of a breakout to gold at $9,000 an ounce as UBS claims (source: Financial Times, requires registration) then let the party begin. By my own calculations, after halving my worst case scenario, gold could go … Continue reading

Was the Fed Too Accommodative Before the 1929 Crash?

No.  We say this because the history of the Fed is to follow market rates in implementing their own policy.  Frequently, by the time the Fed has responded to the most recent run up or down the Reserve Bank is … Continue reading

National Buyers Remorse

On February 13, 2024, it was reported that the nation of Zimbabwe had accumulated approximately a ton of gold.  In this posting, we’ll address the elephant in the room on how that gold was accumulated. “The Central Bank in Zimbabwe … Continue reading

Twitter Tape: Catch-Up Indexes

Here is something that weighs on our mind: Our experience says this is a warning, as accurately presented by Micheal A. Gayed.  Our concern is that this only implies one scenario, the tech sector ultimately crashing as the other half … Continue reading

2022 Book List

Below are the books that we’ve read cover-to-cover from January 2022 to December 2022.  Don’t forget to check out our 2021, 2020, 2018, 2017, 2016 and the Dow Theory Letters book lists. Title   Author Revolution That Wasn’t, The by Spencer Jakab Panic! by Michael … Continue reading

Deconstructing Mike Wirth Claims 1/N @derek_brower

On October 12, 2022, Chevron CEO Mike Wirth was featured in a Financial Times article titled “Chevron Chief Blames Western Governments for Energy Crunch.”  In this piece, we attempt to deconstruct the many ways that the claims by Wirth are … Continue reading

U.S. Dividend Watch List: October 29, 2021

The market had a tremendous run this past year. Year-over-year, the S&P rose 40% with some corrections along the way. Our watch list from prior year also had an outstanding outcome. Low P/E strategy shot up 200% driven mainly by … Continue reading

1985-2021: XAU Velocity Indicator

Below is the Velocity Indicator for the Philadelphia Gold and Silver Stock Index (XAU).

Unemployment Rate: March 2021

Review: On August 23, 2009, in our call that the recession was over, we said the following (when the unemployment rate was at 9.60%): “I doubt that the general public will agree that the recession is over since jobs will … Continue reading

Silver/Dow Ratio: Under a Short Squeeze Scenario

Below is the annual silver/Dow Jones Industrial Average ratio from 1900 to 2021. Short Squeeze Precedent If silver were to experience a short squeeze on the scale of the Hunt brothers in the 1980’s, then the price of silver could … Continue reading

On This Date: IPO of a Nation

On this date in 1620, the (Plymouth) Council for New England was chartered by the king of England as a joint stock company with monopoly rights on (found here): “…all the Breadth aforesaid throughout the Maine Land, from Sea to … Continue reading