Silver looks considerably weaker than gold, although that is normal at this stage in the cycle. It is still considered likely that it is forming a Double Bottom with its lows of late 2015, and if so then the support at those lows should hold.On silver's 1-year chart it still looks like it is moving to complete a Cup & Handle base, because the pattern roughly parallels the pattern completing in...Read More

McClellan Financial Publications, IncPosted May 27, 2019May 23, 2019The Baltic Dry Index (BDI) measures shipping rates on a type of cargo ship which hauls “dry” cargo, such as iron ore, coal, etc. as opposed to tankers hauling oil, or container ships hauling big steel boxes of stuff. The BDI has long been considered as an important leading economic indicator, because if steel companies...Read More

The gold bulls are back. The price for the metal just breached $1,400 a troy ounce, its highest level since 2013. The move opens the possibility that investor appetite for the metal is rising. If we are indeed entering a major bull market for the metal then savvy investors should consider buying smaller cap gold mining stocks rather than either the metal itself or the larger miners. The easiest...Read More

Barrick Gold Corp. (GOLD - Get Report) said Monday it has been awarded nearly $6 billion in damages related to a 2011 arbitration case involving it and a partner being denied a mining lease in Pakistan. Toronto-based Barrick announced on Monday that the World Bank International Centre for Settlement of Investment Disputes, or ICSID, has awarded $5.8 billion to Tethyan Copper Company Pty L...Read More

Anyone bullish on precious metals should consider silver instead of gold. The white metal tends to see far more volatility, which is an advantage for traders in an up-trending market. Plus, silver prices are still playing catch-up with gold based on historical price analysis. To profit from the phenomenon, investors should consider buying the iShares Silver Trust (SLV - Get Report) exchange-tr...Read More

McClellan Financial Publications, IncPosted Aug 4, 2019August 1, 2019Quietness is a sign of trader complacency, and thus of a topping condition for prices.Quietness manifests itself in a variety of ways, and can be measured also in a bunch of different ways.Most often, chartists will use Average True Range (ATR) to look at what prices are doing.This week’s chart was featured in a recent issu...Read More

McClellan Financial Publications, IncPosted Feb 6, 2020January 31, 2020The primary driver of stock prices is supposedly earnings, right?So how is it that earnings as a percentage of GDP have been falling since a peak in late 2014, and yet the major averages like the DJIA and SP500 are up 60% since then?This week’s chart looks at some data which is buried deep within the Bureau of Economic An...Read More

Abby was scheduleded to give the keynote speech at a conference at Georgia Southern Univeristy. She discovered that in order to speak publicly at a Georgia college she had to sign a pledge of allegiance not to Continue...Read More

McClellan Financial Publications, IncPosted Feb 24, 2020Febuary 20, 2020We had an inverted yield curve in 2019, and yet the planet did not tumble off its axis.The sky did not fall.So does that mean an inverted yield curve is not really a problem?In a word, NO!What the casual armchair economists do not realize about the yield curve is that the effects on the economy of changes in yields are delayed...Read More

McClellan Financial Publications, IncPosted Mar 4, 2020Febuary 28, 2020The Federal Reserve decided in September 2019 that it would start to insert itself into the market for “repurchase agreements”, or repos.The reasons why the Fed honchos decided that they needed to do that will be an interesting subject for future historians.For current market historians, the important point about th...Read More

The big rally in palladium prices still has room to run. Double-digit returns are likely in store over the next few months. Increased interest in the metal from investors, as well as a relatively tight supply-demand balance, should propel prices even higher over the next half-year. Like gold, palladium is considered a precious metal, but it is overwhelmingly used for industrial purposes. Two...Read More

While the demand for precious metals is certainly off its highs from prior years, investors would be quite surprised by the astonishing amount of physical gold and silver investment since the 2008 financial crisis.  Only by comparing the gold and silver investment demand in the prior decade, can we truly understand how the precious metals market has changed, and probably forever.Now, before I...Read More

Yellow metal will remain under pressures on strong dollarGold prices will remain subdued in the second quarter due to the strengthening US dollar, concerns over the global economic slowdown and Brexit chaos, giving a good opportunity to buyers to cash in on the lower prices, analysts and jewellery retailers have said.They believed that $1,300 (Dh4,771) an ounce is the key resistance level, once it...Read More

The dip in price is an opportunity for the customers to buy gold and jewellery on lower rates.Gold prices will remain subdued in the second quarter due to the strengthening US dollar, concerns over the global economic slowdown and Brexit chaos, giving a good opportunity to buyers to cash in on the lower prices, analysts and jewellery retailers have said.They believed that $1,300 (Dh4,771) an ounce...Read More

Jeff Clark, Senior Analyst, GoldSilver  I wrote to silver last week, and she answered back. I'd like to share our correspondence with you...Dear Silver,I'm a big fan. You offer so many important benefits to an investor, and at such a low price. You're a permanent store of value. You're nobody else's liability, so I know when I buy you, I'm not relying on anyone else to live up to their end of...Read More

Gold bugs, meet blockchain - the decade-old computer programming behind bitcoin that backers say is now fueling a revolution in the financial industry. Tradewind Markets, a startup founded in 2016 by former Wall Street and gold-industry executives, said its blockchain-based trading platform allows investors to buy gold and keep it at the Royal Canadian Mint without ever having to take ph...Read More

McClellan Financial Publications, IncPosted May 6, 2019May 3, 2019A little bit of fear over the old saying about “Sell in May and go away” has led the VIX Index to pop up through its 50-day moving average (50MA), but stopping right at its upper 50-1 Bollinger Band.The VIX’s pattern of higher lows is not confirming of the higher price highs, and for now that is a problem for the b...Read More

Contagion The urge to merge is spreading. Two weeks ago, news broke that Bristol-Myers Squibb (BMY) would spend $74 billion for Celgene (CELG) . Then we heard that Eli Lilly (LLY) would acquire Loxo Oncology (LOXO) for cash. Almost immediately, the talk swirled around BMY as a potential takeover target itself. It's not just the pharmaceutical space, friends. The break of dawn brought to our mids...Read More

Lundin Mining said on Wednesday that it expects to be able to update shareholders by the end of this month on discussions to sell all or part of the company, but cautioned that a deal is not a certainty.“I think we should be in a position to give a pretty good update come the end of this month and give some indication in terms of which direction we’re heading and whether a transaction...Read More

Copper fell to within a few cents of its year-to-date lows early Monday morning, hit by cooling demand concerns in China following data that showed the country’s vast manufacturing sector slow down in April.But prices managed to recover from their losses at the New York open, supported by a firmer tone on Wall Street following the confirmation that Al Qaeda leader Osama bin Laden had been ki...Read More