Mining Stock Quotes and Mineral & Metal Prices
September 2021 by Staff
The most impressive fact about gold’s performance during 2016 is the yellow metal’s ability to withstand news shocks, hold on to previous gains and gradually move to new, higher levels.
Perhaps the most important phase of our chart analysis work is to find indicators that have proven reliable in the past in terms of providing indications of future market direction. One of our favorites is the “Bank Index,” better known by its trading symbol, BKX.
This past month has been filled with headline-grabbing news events and, for a change, it was not only politics that dominated those news stories, but rather financial markets themselves, with gold and mining shares grabbing a major share of attention.
…they continue to strut around and make declarations and proclamations as if they were still in positions of power. In other words, in political terms, they haven’t “got the message” that they are now in a minority position…
...one of our most important technical indicators, the “Dow/Gold Ratio,” may be giving off an important signal at this time, which we discuss briefly...
While present official numbers remain quiescent at below 2%, we strongly believe the seeds of future inflation have now been laid via virtually unlimited currency creation by various central banks around the globe.
Next, all of silver’s chart action since mid-2011 has taken place under a declining trend line (dotted line), which has held for more than four years. Any trendline of that duration must be taken seriously.
The Bawl Mill • Ask The Experts - Would a platinum nugget contain all the PGMs? • Ask The Experts - Can you clarify how many minerals I need to identify to be successful? • Ask The Experts - Were there any productive mines where there were no contacts? • Commercial Placer Mining: Alaska Style • Indicators and Hillsides • Surviving the Unexpected • Gold Placers of Southern California • Gold Prospecting for Better or Worse: Throwing Away Thousand-Dollar Hot Rocks • 3D-Printed Tools for Prospecting • Libby, Montana Prospectors Keep Tradition Alive • Colorado Miner Sues EPA Over 2015 Spill • Melman on Gold & Silver