Gold & Silver

In an opposite mode to the very bearish outlook for stock markets, developing evidence suggests that precious metals and in particular gold and gold stocks have completed a bear market low...and have already begun a major bull market.

When the idea of high oil prices comes to mind, one quickly recalls the hot months of 2008, when crude prices got to nearly $150 a barrel. How did we get back here so quickly and why are prices likely to stay put?

When I suggest that the gold price can rise to a level in the 5-digit range, I expect to be ridiculed or to have my forecast overlooked by most market participants. Nevertheless, as we will see in a moment the prospect of 5-digit gold is not so far-fetched.

Precious metals shares are breaking out again after a brief consolidation. It’s time to channel your inner Old Turkey, realize this is a bull market and act accordingly.

Lorimer Wilson @munknee has an active Twitter account providing links to the BEST gold and silver articles to be found on the internet. They have all been edited/abbreviated to provide you with a fast and easy read. Check them out! There's something there for everyone.

Despite the precious metal's recent rally, and though silver may be somewhat more interesting than gold, I'm not convinced that this is a market that most investors want to chase. Here's why.

Ignore those pundits who are saying PMs are ready to take off. If you apply a little bit of common sense, and you look at these charts, can you draw any other conclusion(s)? Always remember: the markets never lie and here is what they are saying.

Gold, like any merchandise, changes price according to supply and demand. In this article, we look at the supply and demand to understand where the gold price is possibly heading.

I believe the signals show that silver is either at, or very close to, a short-term top. Let me explain.

I have to admit, this is a very hard call to make and I could easily be wrong...but I am courageously sticking my neck out here and stating that we have most likely seen the lows for the broad metals & mining sector.