Submitted by Gold Stock Prophet Blog
The above chart is a weekly chart of the XAU gold stocks index. I have said in several previous posts that gold stocks needed to hold the support area outlined above for me to remain bullish on the sector.
During this past week, it appeared that the gold bulls had capitulated, […]

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Submitted by Gold Stock Prophet Blog
Another topic I wanted to bring up was silver and the notion that there is a manipulation in the futures market. I have read and listened to many experts, such as Bill Murphy, who have always stated that the gold and silver markets are manipulated. I felt that this could […]

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Submitted by Gold Stock Prophet Blog

The above chart is a weekly chart of GDX. Despite another round of declining prices, gold stocks are still holing this important support area. In my opinion, this level of support is key, and if it is taken out, I will have a difficult time remaining bullish on the sector.
On […]

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Submitted by Gold Stock Prophet Blog

The above chart is a weekly chart of GDX. Despite another round of declining prices, gold stocks are still holing this important support area. In my opinion, this level of support is key, and if it is taken out, I will have a difficult time remaining bullish on the sector.
On […]

continue reading.....

Submitted by Gold Stock Prophet Blog
The above chart is a monthly chart of the XAU gold and silver stocks index. This is the same chart I had posted two weeks ago. Since this is a monthly chart, the candle to the extreme right of the chart has now formed, and a new candle will begin […]

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