Search for: "canamex"

Gold is gaining strength as it may soon close above the 50 day after reversing above the 200 day moving average after falling below that level last week. That may have been a shakeout of weak hands below the 200 day as it appears in 2014 money has been moving from the overbought equity market into the undervalued commodities in the form of junior miners. Look for a close above the 50 day at $1310. Investors may be preparing for the eventual reinflation, which may have been sparked by Yellen's taper. The U.S. dollar and general equity market appears to be forming a rounding top while gold, silver and the junior miners are seeing increased accumulation a higher lows typical of new bull market moves. The key now is asset preservation in a rising interest rate, inflationary environment. I still believe gold, silver and the industrial metals specifically PGM's, nickel and uranium could soar. These are the areas that I believe are the safest to be when interest rates are negative and when Central Banks are continuing to fire up the printing press engines. The overbought social media and marijuana stocks with no earnings could be just beginning to bust. Look at all the IPO's in social media and pot stocks reminding us of the Dot.Com craze. While these stocks come back to earth the junior miners could actually soar as The Fed may have to reverse their taper moves and actually increase quantitative easing to deal with the aftermath of the tech/marijuana bubble bursting.