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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.
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By Adam Hamilton |
April 20, 2012
Commodities have been sinking like stones since late February, an unusual divergence from the rallying stock markets. This relentless weakness has wreaked havoc on commodities sentiment, leading traders to abandon commodities stocks.
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By Adam Hamilton |
April 13, 2012
Bearish commentary abounds, with all kinds of predictions for further declines. But as is usually the case after any material selloff spooks traders, gold’s technicals are actually very bullish today. Gold’s next move will likely prove to be a major rally.
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By Adam Hamilton |
April 6, 2012
Sellers hammered gold again this week on news from the Fed. The minutes from its latest FOMC meeting convinced traders the odds for a third round of quantitative easing are waning. This was the latest in a long line of QE3 scares.
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By Scott Wright |
March 30, 2012
Is all hope lost for the gold stocks? Are investors ever going to return? As bad as things seem right now, these are questions we’ve seen many times over the course of gold’s bull. And I believe the answers are the same as they’ve been in the past
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By Adam Hamilton |
March 26, 2012
Despite all the gold-stock hate out there, this beaten-down sector is overdue for a major rally. And even if you don’t believe pre-panic levels relative to gold are attainable again, merely mean reverting by depressed post-panic standards offers an enormous buying opportunity.
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By Adam Hamilton |
March 16, 2012
The world’s stock markets are increasingly interrelated. The psychology of traders, which drives most short-term price action, is continuously shaped by the nonstop torrents of global news flow. So even Americans can no longer afford to ignore what is going on in overseas markets.
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By Adam Hamilton |
March 12, 2012
With Iran waxing belligerent again, oil has been making headlines lately. Stock speculators and investors are anxiously watching its price, gaming how oil stocks are likely to react to various oil-price scenarios.
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By Adam Hamilton |
January 31, 2012
Gold is enjoying an awesome January, rallying strongly out of its oversold late-December lows. But last month’s hyper-pessimistic sentiment deserves some reflection before it totally fades from memory.