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By Adam Hamilton |
August 27, 2012
With gold awakening from its usual summer slumber, traders are getting more excited about its prospects. Presumably this shifting sentiment will even grow to encompass futures traders, who’ve been incredibly bearish on the yellow metal for months now
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By Adam Hamilton |
August 17, 2012
With the odds for a new stock bear growing, prudent contrarian investors are looking for bear-resistant destinations for their hard-earned capital. Plain old cash tops the list. But why merely sideline capital? Gold has proven its ability to thrive in such markets.
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By Adam Hamilton |
July 27, 2012
Gold has been deeply out of favor lately, languishing in its usual summer doldrums. This sentiment wasteland is driving traders to flee wholesale, including the futures players. But provocatively such behavior is a powerful contrarian indicator.
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By Adam Hamilton |
July 20, 2012
After being sucked into the general commodities correction, silver has been relentlessly drifting lower since late February. But this weakness has forced the white metal down to a very bullish place technically.
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By Adam Hamilton |
July 16, 2012
With gold, silver, and their miners’ stocks drifting listlessly near correction lows, the sentiment in precious-metals land is even more pessimistic than usual. Demoralizing consolidations are par for the course this time of year.
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By Adam Hamilton |
June 25, 2012
Gold stocks languish in a sentiment wasteland these days, left for dead by everyone but a small contrarian remnant. So naturally bears abound, their arguments dominated by the idea that gold miners’ costs are so high that they can’t make money anymore.
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By Adam Hamilton |
June 18, 2012
Gold stocks have recovered sharply following last month’s panic-like capitulation plunge. But this embattled sector still remains incredibly cheap relative to prevailing gold levels, which drive gold miners’ profits and hence ultimately their stock prices.
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By Adam Hamilton |
June 8, 2012
Despite a perfect backdrop of extreme Europe pessimism, the USDX remains low in post-panic terms and very low from a secular perspective. May was a great month, no doubt. But within the context of longer-term trends the US dollar’s recent strength is minor at best.
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By Adam Hamilton |
May 21, 2012
The hard truth is gold stocks have been sold wildly disproportionately to gold’s own weakness merely because investors and speculators succumbed to their own unjustified fears. Capitulations are always irrational, emotional events.
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By Adam Hamilton |
May 14, 2012
While gold was indeed overbought last August, the resulting topping looked absolutely nothing like the previous gold-bull climax of several decades ago. And if gold’s bull isn’t over, then gold is destined to power to new all-time highs sooner or later.