( 12/12/14 ) $HUI
( Gold Bug Index ) is now at it's previous support
level, but the U. S. Dollar rally continues, so Precious
metals remain under pressure.
( 12/12/14 ) $HUI ( Gold Bug Index ) is
approaching it's previous long term support level, so a move
Up may occur. After this long market rally, Precious Metals(
GDX ), and 20 Yr Treasury ( TLT ) may be the next
( 12/05/14 ) Gold Miners after a brief rally, are
declining once again. China, Russia and India continue to
buy Gold, but the sharp ascent of the U. S. Dollar ,
continues to be a big negative for Gold.
( 11/28/14 ) Precious
metals after a strong move up, posted a sharp
decline. This seems to be a reaction to the impending Swiss
vote, to once again include Gold in their monetary reserves.
Countries love their fiat currencies as they simply get to
print more. Perhaps it's more important to understand how
Countries settle their transactions. This is done by the
Bank Of International Settlements ( BIS ) in terms of
Special Drawing Rights. Special Drawing Rights are
based on GOLD! This should be a lesson for all the
non-believers of the intrinsic value of Gold.
The Gold chart is worth watching as as a
Big move Up is expected when it finally turns up. On a move
up GDX, GDXJ, NUGT and JNUG would be the Big gainers.
favorites in this space are RGLD and SLW which are royalty
River Boat gamblers might enjoy the 3x long and short Gold
Miners NUGT and DUST. ( These are not recommendations
of Gold bullion to U.S. Dollar
government has special taxes on Gold. (" It is considered a
collectable ") .
For this reason mining stocks (eg)
GDX, GDXJ may be preferable.
Check out "Tax
Implications Of Owning Gold"
Gold Index( $HUI) compared to the S&P500
Gold stocks have vastly outperformed all major market indices over
the past 10 years. But because Gold and Gold stocks exhibit strong
local declines, it is difficult to hold. Perhaps, market guru
Richard Russell is right when he says " Buy some Gold and forget
about it. "
( GDX) Ribbon Chart