Comments on: Gold, Silver & Mining Sector Analysis 8-12-19

By: orricobian

orricobian — Tue, 13 Aug 2019 03:37:45 +0000

Hi Randy, thanks for the video! Recently I have been watching the UUP chart closely, and noticed the weekly negative divergence and the price currently at a decent resistance. If UUP or dollar falls, which should be a natural reaction to the rate cut, along with the weakening of almost all global currencies, would that help push up the gold/ silver mining stocks even more? I'm not sure if I should book profits before the UUP negative divergence plays out.. What do you think? Thanks!

By: Naveed Aftab

Naveed Aftab — Tue, 13 Aug 2019 03:15:32 +0000

Great work just join plz do analysis on gold future or define any pullback level cause my broker do not offer ETF only future CFD contract is available

By: krink

krink — Mon, 12 Aug 2019 23:38:27 +0000

In reply to dayoub.

I think the miners just took a breather. This rally has nothing on the 2011 rally so far but it has the potential to be far greater than the 2011 rally. In 2011 my local deli had a cash4gold sign out front. We haven’t begun to see that level of buying. Take a look at this chart.
https://goldprice.org/gold-price-charts/20-year-gold-price-history-in-us-dollars-per-ounce
The last bull market in gold leading up to 2011 lasted 10 years and went up like 900%. This bull market is a few months old and has gone up like 30% or some nonsense. It’s not time yet to compare these moves. Of course, I can’t say for certain its not a blip but I believe any pullback at this point is a buying opportunity.

By: dayoub

dayoub — Mon, 12 Aug 2019 20:48:46 +0000

I agree with you but I am surprised that miners would sell off with this early of a downside move in SM. What happened in the fall? I think the divergence might signify a top in gold ahead of commodity.
It did that in 2011. -ie miners reversal signifies metals to follow soon