Howestreet.com - the source for market opinions

ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION

November 14, 2019 | The Case for a Silver Rally

Yes, you read that right. Despite all the bearish developments that we described in the previous analyses, and despite myriads of bearish factors that remain in place for the following months, it seems that the white metal is about to rally. Gold, and mining stocks could move higher as well, and we’ll move to that […]

November 12, 2019 | Gold Breaks Down, Waving Good-bye to the 2019 Rally

Our summary of the current situation in the precious metals is not going to differ much from what we wrote yesterday, and the reason is simple. The decline in gold, silver, and miners is developing just as we’ve been expecting it to. Most importantly, gold has just confirmed its breakdown and everything that we reported […]

November 7, 2019 | Wait… Was That a Bullish Silver Reversal?

Silver plunged on Tuesday, just as it was likely to after the triple reversal that we’ve been writing about, and it was declining strongly during Wednesday’s pre-market trading. And then it all changed. Silver soared before the U.S. markets opened and the white metal ended the session in the green. We definitely saw a silver […]

November 4, 2019 | Profiting on Gold Tops, Reversals and Turnarounds

Gold price action in November 2019 is likely to take most investors by surprise. There are two ways in which gold is likely to move in the first part of the month. It could slide right away based on the triple triangle-vertex-based reversal patterns that we see in gold, silver, and gold miners. However, there’s […]

October 30, 2019 | Gold Juniors Decline While Senior Miners Rally – What Gives?

Do you know what mining companies did yesterday? They verified a major breakdown, confirming the extremely bearish outlook for the following months. What? The miners rallied? Oh, you mean the senior mining stocks (HUI, GDX…) – then yes, they moved a bit higher. But the junior miners (Toronto Stock Exchange Venture Index) just declined after […]

October 28, 2019 | Powerful Lessons of Silver’s Daily Reversals

Friday’s session was exceptional for several reasons and the most profound ones are gold’s and silver’s sizable intraday rally, and the subsequent slide. The reversals that both metals created are practically screaming signs pointing to what’s next. The way mining stocks behaved, and how gold closed relative to its previous tops also have important implications, […]

October 23, 2019 | Why It Makes Sense to Pay Attention to Platinum Now

Would you like to invest in platinum? “What? Why platinum?” – you’d probably ask back. And correctly so, this shiny metal has been declining in the previous years and only recently did it show some decent strength. And this may not sound important at all if you’re only considering investing in gold, silver, or mining […]

October 17, 2019 | Making Sense of the Dilly-Dallying Days in Crude Oil

Crude oil seesaw trading goes on, as yesterday’s upswing gave way to a lower open earlier today. Given the declining USD, couldn’t black gold have acted just a little bit stronger? Let’s take a look what it means for our open position – time to head for the exits, or brace ourselves for a more […]

October 14, 2019 | The Many Aligning Signals in Gold

Precious metals moved strongly on Friday, and did so on significant volume. The reversals we have seen on Thursday got resolved with a heavy thud. Let’s dive into the many charts and perspectives and explore how well they support the upcoming move across the sector. Let’s start this week with a bigger update on multiple […]

October 9, 2019 | The Allure of Upswings in Miners and Silver

The entire precious metals sector rallied yesterday, but the upswing was particularly visible in case of silver and (especially) mining stocks. Both: silver, and miners moved to new October highs. Silver’s breakout was tiny, but miners rallied relatively significantly and that’s the part of the current long trade that’s particularly profitable. Of course, these profits […]

October 2, 2019 | When Will the Turnaround in Gold Likely Come? Implications for Silver?

In yesterday’s analysis, we emphasized that even though a big decline in gold is already underway, it’s likely that it won’t be a straight move down and there will be periodic corrections. Moreover, we provided price targets from which the bounce could start. Based on the circumstances, it might even be a tradable move. In […]

September 30, 2019 | Silver Pierced Its September Lows Despite the USD Staying Put

In the previous weeks we’ve been featuring multiple factors that are likely to usher in a sizable gold, silver and mining stocks’ moves. Has the very recent downswing been the opening act? The USD Index closed flat on Friday, yet the metals declined across the board. The gold to silver ratio presents us with a […]

September 27, 2019 | Gold, Sliding Silver and Declining Interest Rates

As the Fed turned dovish this year, not only did the short-term interest rates move down – the long- and very-long-term ones also declined. Why would this be the case? After all, the long-term rates are set by market forces, not through Fed’s direct decision… Did gold and silver act on that signal by declining […]

September 23, 2019 | Did Gold and Silver Just Invalidate Their Short-Term Breakdown?

Friday’s session brought us an informative sign for the precious metals. This development took place in the USD, as the world reserve currency initially declined only to reverse and close higher. Interestingly, the precious metals sector didn’t react with a decline. Gold, silver and miners all closed higher, so this question naturally follows – what […]

September 18, 2019 | Rising Miners, Gold and Countdown to the Fed

Both gold and silver moved higher yesterday but it were the miners that spiked. Looking at the last few sessions, have these moves changed anything? The FOMC releases its decision today, the markets are hesitating to move and it’s nothing surprising. It is usually the case on Fed days (and around them) that we see […]

September 11, 2019 | Gold at Support: the Upcoming Move

Gold and gold stocks declined yesterday, but silver hesitated. Does this, plus the fact that gold is up so far in today’s pre-market trading indicate a short-term bottom? Or is the picture even on the verge of turning bullish? Not at all. Let’s take a look at the chart below for details. Yesterday in the […]

September 9, 2019 | Do Two Weekly Declines Make a Case for Lower Gold Ahead?

It’s nothing to worry about, gold and silver will rally back up shortly – most analysts say right now and also said in the mid-90s. …Only except that they won’t – at least not for several months. Is anything different now than it was during other gold corrections in the past couple of months? Yes. […]

July 31, 2019 | Two Views of Yesterday’s Gold Strength

The great day of the Fed interest rates decision and forward guidance has arrived. There hasn’t been much pre-positioning volatility in the precious markets so far. With the exception of gold perhaps, you might say. Let’s dive in and assess whether a technically important gold move has happened yesterday, or not. Examination of the other […]

July 29, 2019 | Those Key Behind-the-Scenes Stories That Silver Tells

Friday’s session didn’t bring much of easily noticeable action in the precious metals. While the day-to-day picture remains calm, the mining stocks’ move has brought us direct short-term implications. We’ll examine the lessons both the gold-to-silver ratio and silver are sending us. Let’s get into silver’s message. There is much more to the performance of […]

July 25, 2019 | Can Silver Lead PMs Higher Still?

t’s not true that yesterday’s session in precious metals was uneventful. While gold and mining stocks didn’t do much, silver moved a bit above its previous high, closing at a fresh 2019 high. Sounds pretty remarkable, doesn’t it? In today’s analysis, we’ll put silver’s breakout into proper perspective and examine if the white metal has […]

July 17, 2019 | Truly Epic Silver Signals: Vying for Your Attention

If we had to pick one day, or one situation when a single market provided most indications during a single day, it would be yesterday’s performance of silver. There’s not much to say about yesterday’s session while looking at gold and mining stocks – they both moved a bit lower. But things are very much […]

July 15, 2019 | The Battle Is On: Gold Price vs. the HUI Miners

Gold stocks just ended the week at a new 2019 high, while gold confirmed its breakdown in the most important – weekly closing price – terms. Who should one believe? Are gold miners leading gold higher just like it was the case many times, or “this time is different”? Let’s delve into both the gold […]

July 10, 2019 | How Can Gold Break Down And Finish Higher At the Same Time?

Sounds contradictory, but is perfectly true nonetheless. Just like you need to go faster than the car in front of you to be able to overtake it, the price sometimes has to rise faster than a steeply-sloping support level does so that it doesn’t break down. Think about keeping your head above water when swimming. […]

June 26, 2019 | Gold Clearly Reverses at Consolidation’s Upper Border

Quite a few journalists wrote about gold’s breakout in the previous days even though gold made an attempt to break above the key resistance – the mid-2013 high – only today (and it failed). At the same time, when the gold to silver ratio was breaking out in a clear way, many journalists ignored that […]

June 24, 2019 | Gold Above $1,400 is Only the Tip of the Signal Iceberg

Gold broke above the $1,400 level last week and the volume that corresponded the move was exceptional. The story doesn’t end there. The volume for silver was big and the volume for silver stocks was truly epic. Something very, very, very important is happening right now. You knew a part of the story for weeks […]

Next Page »