Bond Yields Signal the Low in Gold and Silver is Getting Closer - David Brady (08/11/2019)

Nov 08 14:11 2019 Print This Article

Nov 08, 2019

There are few more bearish signals than a

failed breakout to the upside and the sell-off in precious metals this week is

a perfect example. Gold broke its low of 1465 on October 1 to reach its lowest

level since August 2.

Silver fared likewise, reaching its lowest

level August 13.

On a more positive note, the miners have

been more resilient. They lagged the metals on the final move higher in late

August, early September, and now they’re lagging on the downside. This

reinforces the view that this is the final dip before a rally to new highs

next.

Much of this move down in metals is being

driven by what is happening in the bond market. Correlations come and go and

that makes them unreliable. But there are those correlations that persist over

time, despite clear breakdowns for short periods. The relationship between Gold

Read More

About Article Author

Sprott Money

Established in February 2008, Sprott Money Ltd. is a leading precious metals wholesale, institutional and retail dealer selling gold, silver and platinum bars, coins and wafers online and over the phone. Sprott Money's storage program gives clients the ability to store their precious metals in multiple storage facilities located in Canada, the United States and internationally. Sprott Money Blog, which covers world events, geopolitics and of course precious metals.

Related Items

MAPF Portfolio Composition : November, 2019

Turnover remained high at 20% in November; the market was volatile during the month and the IAIS announcement abandoning the drive towards DeemedRetractions also had an effect. The fund’s trading will probably be higher in the future than has been normal for the past several years, since the extr ...

EQB.PR.C Resets To 5.969%; No Conversion To FloatingReset

Equitable Group Inc. has announced (on September 3): the dividend rates applicable to the non-cumulative redeemable 5-year rate reset Preferred Shares, Series 3 (the “Series 3 Preferred Shares”) and the non-cumulative floating rate Preferred Shares, Series 4 (“Series 4 Preferred Shares”). H ...

LNG displaces Atlantic basin pipe gas, but meets resistance in Asia

Liquefied natural gas (LNG) cargoes have displaced pipeline natural gas volumes in the Atlantic Basin throughout 2019, due to historically low spot prices of the shipped fuel. Higher LNG spot market activity has helped unleash some of the commodity’s inherent flexibility. It is inherent because a ...

Exchange For Physical? - Craig Hemke (04/12/2019)

Dec 04, 2019 Two years ago, following a surge in the use of "Exchanges For Physical" by traders at the COMEX, Eric Sprott asked me to begin tracking and recording the daily totals for this practice as posted by the CME. It's time for an update. First, let's attempt again to discern what the heck ...

Avoid mixing together economic forecasting and stock investment decisions to make higher portfolio returns

Combine economic forecasting and stock investment decisions and you could make some bad moves—including selling your best holdings too soon Too much investor attention tends to be focused on economic forecasting and stock investment decisions. The fact is, forecasts provide little, if any, advant ...

The Adaptive Age

By Kristalina Georgieva عربي, Español, Français, 日本語, Português, Русский No institution or individual can stand on the sidelines in the fight against climate change When I think of the incredible challenges we must confront in the face of a changing climate, my mind focuse ...

Key Levels To Watch In Gold And Miners - David Brady (29/11/2019)

November 29, 2019 There has been precious little movement in metals and miners recently. We’ve been more or less going sideways, trapped in a range. In order to avoid repetition, I’ll just go through all of the updated charts for Gold, Silver, and the miners. GOLD Gold remains in its downwa ...

Scotiabank Gold American Express review: How competitive are this travel card’s rewards?

With an outstanding earn rate, no foreign transaction fees and a better-than-average travel insurance package, the Scotiabank Gold American Express card has garnered a lot of attention from Canadian travellers and cross-border shoppers. But is Amex a strong enough brand in Canada? And is this card ...

Metals and Miners Just Stretching the Elastic Band a Little Further - David Brady (22/11/2019)

November 22, 2019 GOLD TECHNICALS Daily We’re still slowly trending lower for what seems like an eon, but such price action after a truly massive rally is extremely bullish, imho. This is the kind of consolidation we want to see before heading to new highs. We’re also in a bullish flag pa ...

Frontera Announces 2020 Capital Plan and Guidance Information

Outlook for Operating EBITDA in Excess of Capital Expenditures Provides Excess Cash for Maximizing Shareholder Value  Transformational Exploration Opportunities to be Executed in 2020 in Colombia, Guyana and Ecuador Update to Board of Directors TORONTO, Dec. 5, 2019 /CNW/ – Frontera Energy Corpo ...