news.goldseek.com >> 29 January 2012

Gold Market Update
By: Clive Maund
This Gold Market update is going to be short and to the point for 2 reasons. One is that I am too busy writing up stocks for subscribers to devote much time to the world at large - they are being written up as fast as possible, for reasons that will become obvious as you read on. The other reason is that for the 1st time in many months, the situation is nice and clear, and doesn't require a time wasting diatribe.

news.goldseek.com >> 16 January 2012

Gold Market Update
By: Clive Maund
The current standoff in gold is approaching resolution and evidence is starting to pile up in favor of an upside breakout. We have been cautious on the PM sector for months starting with the September top which we shorted, resulting in massive profits in a matter of days, especially in silver, but there is always the danger of taking caution too far and getting caught on the wrong side of the trade.

news.goldseek.com >> 8 January 2012

Gold Market Update
By: Clive Maund
We have in recent weeks been rather confused by the contradiction between the strongly bearish price patterns that are developing in gold and silver, which are indicative of a major top that portends a brutal deflationary downwave, and the seemingly bullish COTs and sentiment for the sector. Now we believe that we have come to a realization with regards to what is going on with the COTs, which will be set out lower down the page - first we will look at the price pattern development.

news.goldseek.com >> 18 December 2011

Gold Market Update
By: Clive Maund
Last week saw a severe breakdown in the Precious Metals sector that is now viewed as marking the start of a bearmarket, and that means the onset of a deflationary episode that is likely to prove more serious than that we witnessed in 2008, because it will involve countries going bust rather than "just" banks and large corporations as was the case in 2008.

news.goldseek.com >> 5 December 2011

Gold Market Update
By: Clive Maund
It is now evident that the gold price has been trapped in a narrowing trading range since its early September pre-plunge peak - a Symmetrical Triangle. This type of Triangle, which indicates a state of collective indecision, can lead to a breakout in either direction, depending on what fundamental developments ensue. The main reason that this large standoff pattern has developed at this juncture, in addition to that of an overbought condition having developed that needed correcting, is that the market has been unable to determine which of the primary economic conditions of deflation or inflation is set to take precedence.

news.goldseek.com >> 27 November 2011

Gold to Profit from Economic Uncertainty
By: The Gold Report and Clive Maund
The mountains of debt engulfing Western economies is likely to lead to hyperinflation according to Clive Maund, president of clivemaund.com. In this exclusive interview with The Gold Report, Maund details the scenario he sees for collapse.

news.goldseek.com >> 21 November 2011

Gold Market Update
By: Clive Maund
Gold has behaved as predicted in the last update, which was two weeks ago. It advanced a little further into nearby resistance, before reacting back quite sharply on Thursday. However, whereas in the last update we were looking to buy on this dip in the expectation of renewed advance, we are now more cautious, due to mounting evidence that politicians and world leaders may soon be overwhelmed by deflationary forces despite their strenuous efforts to keep them at bay by means of endless QE.

news.goldseek.com >> 7 November 2011

Gold Market Update
By: Clive Maund
Gold did exactly as predicted in the update last weekend - it dropped back briefly to touch the bottom of our short-term reaction target range at $1680 before rebounding, as we can see on the 4-month chart below, and we were buyers around $1705 and below. The rebound on Tuesday left behind a clear bull hammer on the chart, which is positive.

news.goldseek.com >> 30 October 2011

Gold Market Update
By: Clive Maund
No politician wants to end up with his head adorning the railings of some public building, and thus - possibly spurred into action by the video of the grisly end of Colonel Gaddafi - European leaders started to display qualities normally totally alien to them last week, in particular unity and resolve and a rare sense of urgency, in dealing with the acute crisis facing Europe.

news.goldseek.com >> 24 October 2011

Gold Market Update
By: Clive Maund
Technically the picture for gold now looks strongly bullish. Action played out last week exactly as predicted in the last update with gold breaking down from its Pennant pattern AND ABORTING THE BEARISH IMPLICATIONS OF THE PENNANT, by dropping back modestly instead of plunging. It arrived back in our target zone near $1600 on Thursday and then reversed quite sharply to the upside on Friday. While nothing is guaranteed in this business and there is still a reduced chance of its being a Pennant with an amended lower boundary, this action implies that a positive QE-rich resolution of sorts of the acute problems in Europe is imminent, despite the severe and intractable problems there.

news.goldseek.com >> 21 October 2011

If Europe Should Fail
By: Clive Maund
Action yesterday across markets was bearish and set alarm bells ringing - in particular the action in the PM sector, where the Head-and-Shoulders bottom pattern that we have observed in PM sector stock indices appears to be aborting. If it does abort it will probably mean that the broad market will go into the tank, and that is precisely what we can expect to happen if Europe should fail.

news.goldseek.com >> 17 October 2011

Gold Market Update
By: Clive Maund
News has come in that "Germany and France are spearheading a multi-trillion dollar �shock and awe� programme expected to be agreed next weekend and presented the following week at the G20 summit in Cannes. The international community may provide further support after the G20 agreed that the IMF should �consider new ways to provide on a case by case basis short-term liquidity to countries facing systemic shocks�.

news.goldseek.com >> 10 October 2011

Technical Gold Market Update - October 10, 2011
By: Clive Maund
It now looks like we were a little too bullish in the last update, for the way gold has acted over the past week suggests that another sharp drop is imminent before the dust finally settles on this reactive phase, that it likely to take it to or some way below its recent panic lows.

news.goldseek.com >> 2 October 2011

Technical Gold Market Update - October 2, 2011
By: Clive Maund
In classic fashion gold's brutal plunge ended in a zone of strong support just above its 200-day moving average. Normally, a drop of this severity would lead to more downside action, but there is now strong evidence that gold hit bottom last Monday, and that it is now basing prior to turning higher again.

news.goldseek.com >> 25 September 2011

Technical Gold Market Update
By: Clive Maund
In what turned out to be a devastating week for commodities, gold broke down from its intermediate top area and is now in full retreat. Both developments were accurately forecast in last week's Gold Market update and in other updates. clivemaund.com subscribers were positioned to make a fortune out of all this, and many did. After Friday's $77 breakdown move that saw gold smash decisively through the support at the lower boundary of the top area, what can we now expect?

news.goldseek.com >> 18 September 2011

Gold Market Update
By: Clive Maund
Gold has fallen back over the past week as expected, but so far it has not broken down from its suspected intermediate top area, which would involve its breaking below the support shown on our year-to-date chart below. Friday's action was positive and it is entitled to stage a minor bounce early next week, as it is now not far above this important support level and the support at its rising 50-day moving average, and in addition the compression signaled by the high negative reading of the MACD histogram (blue bars) is calling for an immediate bounce.

news.goldseek.com >> 12 September 2011

Gold Market Update
By: Clive Maund
Gold continues to look as though it is marking out an intermediate top area, with several additional bearish developments having manifested over the past week. One is the powerful breakout in the dollar, which was predicted on the site in the article The Great Dollar Shocker just days before it occurred. Could the dollar and gold rise at the same? yes, they could, especially if the dollar's gain is largely due to the demise of the euro, but a strong dollar does mean that gold will be battling headwinds.

news.goldseek.com >> 10 September 2011

news.goldseek.com >> 28 August 2011

Gold Market Update
By: Clive Maund
After becoming monstrously overbought, gold suffered a heavy smackdown early last week as predicted in last week's update. It plunged back into support at the neckline of a potential Head-and-Shoulders top that we had delineated and then bounced strongly - so strongly that it calls into question the validity of this pattern. This action is shown in detail on the 2-month chart below. If the H & S pattern is negated by the price continuing to advance towards the highs again it does not mean that gold is not marking out an intermediate top or at least a consolidation, however, as it could morph into some other pattern like a Rectangle.

news.goldseek.com >> 21 August 2011

Gold Market Update
By: Clive Maund
In the last update, despite being extremely overbought, gold was expected to advance to even higher levels, for various reasons, principally the COT readings and the bullish volume pattern. We gave a target in the $1900 area, and that target was very nearly attained on Friday when gold hit $1881 intraday, before reacting back to close well well off its day's highs.

news.goldseek.com >> 16 August 2011

Gold Market Update
By: Clive Maund
Gold has shown impressive strength over the past couple of weeks having risen as high as the $1800 area. On our 6-year chart we can see how it has punched through the resistance at the upper boundary of an important inner trend channel, and despite now being hugely overbought, appears to have its sights set on the outer trend channel boundary now in the $1900 area before this strong upleg is done.

news.goldseek.com >> 7 August 2011

Gold Market Update
By: Clive Maund
What happens to gold if the markets crash? This is the question that many would like an answer to, as it is looking rather likely after the announcement, conveniently made after the markets closed on Friday, that Standard and Poor were lowering their rating for US debt.

news.goldseek.com >> 3 August 2011

MARKETWATCH - markets give "thumbs down" to prospect of HYPERINFLATIONARY DEPRESSION...
By: Clive Maund
Resolution of the immediate debt ceiling crisis in the US came with the expected and predicted raising of the ceiling from about $14 trillion to $17 trillion, but it also came with announced plans for seemingly strident austerity measures to cut the deficit. The situation could not be more contradictory - they raise the debt ceiling to accomodate the results of their prior profligacy and then talk about reining in spending! No wonder the markets gave the whole package a massive thumbs down yesterday. It's too late, way too late, to puts the brakes on spending and any attempt to do so will result in the already fragile economy collapsing into depression.

news.goldseek.com >> 14 July 2011

Gold Market Update
By: Clive Maund
On Wednesday gold broke out from a 10-week long box or rectangular consolidation pattern to commence its next major upleg. Fundamentally this coincided with noises emanating from the US to the effect that it is recognized that there is no alternative but to continue with QE.

news.goldseek.com >> 26 June 2011

Gold Market Update
By: Clive Maund
As Stockcharts no longer see fit to run usable charts for gold and various other commodities - line charts are only suitable for schoolkids or journalists doing projects on the markets, not for serious analysis - we are going to use the chart for SPDR Gold Trust (GLD) as a stand in for gold. It is a very accurate proxy, and should continue to be, unless of course, the markets were suddenly to discover that they don't have the gold in their vaults that they say they have.

news.goldseek.com >> 30 May 2011

GOLDMAN SACHS & RICHARD RUSSELL CONCUR WITH MAUND - should we be worried??...
By: Clive Maund
In the case of Richard Russell the answer is certainly not. This is because Richard Russell is right most of the time, especially over the longer-term outlook, despite, or perhaps because of being an octogenarian (in his 80's). Of course nobody is right all of the time, not even Maund, so he could be wrong and so could I.

news.goldseek.com >> 19 May 2011

Mitigate Investment Risk Until End of Dollar Rally
By: The Gold Report and Clive Maund
Clive Maund returns to The Gold Report to provide some keen insight into the U.S. dollar's recent surge. "Be patient," he says, "because once the dollar rally is over, an excellent buying opportunity will be in the offing." Clive says the Fed is doing all it can to get investors out of commodities and into Treasuries before it unleashes QE3, and with it a new round of inflationary pressure. Read more in this exclusive interview with The Gold Report.

news.goldseek.com >> 16 May 2011

SILVER - wanted at $50, not wanted at $35 - TIME TO CALL IN THE PSYCHIATRISTS...
By: Clive Maund
Aren�t silver investors funny?? - they were raving bullish when the price was close to $50, now that it's down about $15 and near to $35 they are despondant. In the words of that famed alien with pointed ears, this is "highly illogical". Here on earthbound www.clivemaund.com we have a simpler term for it: "plain nuts". While picking an exact top or bottom is never easy, you can always rely on the collective behaviour of idiots as a guide. So the fact that they are now wary is good news for silver.

news.goldseek.com >> 8 May 2011

Gold Market Update
By: Clive Maund
Gold's reaction last week was quite modest, given what happened elsewhere, especially to silver, and with the benefit of hindsight it is quite clear that it was a good point for it to react as it had the Friday before risen to become critically overbought on its short-term oscillators.

news.goldseek.com >> 2 May 2011

Gold Market Update
By: Clive Maund
The interesting thing about gold is that although it has been in a steady long-term uptrend there has still been no meltup, such as we have seen in silver, but if the dollar really caves in that could very well happen - and such a meltup may have just started this past Friday.

news.goldseek.com >> 3 April 2011

Gold Market Update
By: Clive Maund
Since the Masters of the System have decided to arbitrarily "move the goalposts" to suit themselves by printing money in unlimited quantities, fixing interest rates at artificially low levels, and backstopping the bond market etc, it is incumbent on us as investors to find a fixed point of reference and safe anchorage, the better to weather the financial storms that their crassly irresponsible policies are bringing upon us. That fixed point of reference is gold.

news.goldseek.com >> 27 February 2011

Gold Market Update
By: Clive Maund
Gold broke out above its Dome boundary last week, which was not what we were expecting. Fundamentally this action was due to fears relating to the worsening situation in Libya, and while this breakout is a bullish development, it has not as yet led to a breakout to new highs, and the bearish overall behaviour of PM stocks last week means that it could have been a fakeout.

news.goldseek.com >> 21 February 2011

Gold Market Update
By: Clive Maund
Gold and silver have reversed to the upside and advanced substantially exactly as predicted in the last updates posted on 30th January, and now the majority of commentators are raving bullish again, but the internal technical condition of the sector following this rally suggests that it is about to reverse to the downside again, although longer-term the outlook remains strongly bullish.

news.goldseek.com >> 30 January 2011

Gold Market Update
By: Clive Maund
A rare and exceptional opportunity has just presented itself to enter this Precious Metals bullmarket at very favorable prices for gold, silver and especially for Precious Metals stocks - right at an intermediate bottom. That is what our latest studies indicate. While gold dropped a little lower last week than expected in the last update, it has arrived in an area of strong support above its rising 200-day moving average in a deeply oversold condition, as we can see on its 8-month chart below. Thus it is interesting to observe that a bullish candlestick pattern, known as a "Piercing Pattern", appeared on its chart on Thursday and Friday, which frequently signifies a reversal.

news.goldseek.com >> 24 January 2011

Gold Market Update
By: Clive Maund
We are now seeing a convergence of indications that a reversal in the Precious Metals sector is at hand that will lead to a major uptrend soon. The last Gold and Silver updates posted on 11th January were bearish over a short to medium-term time horizon and have been proven correct as gold and silver have since fallen substantially, and stocks have taken a real beating. However, in view of the current strongly bullish constellation of indications, it now looks like the downside targets for gold and silver were set too low, although our downside target for stocks has just been hit.

news.goldseek.com >> 11 January 2011

Gold Market Update
By: Clive Maund
The rally in gold in the final trading days of December was unable to make new highs, and now it is on the verge of going into correction mode. On the 6-month chart we can see how, after a sharp drop on Monday, gold just held key support at $1360 from Wednesday through Friday. If this support should fail soon, which looks increasingly likely, then gold can be expected to go into retreat.

news.goldseek.com >> 31 December 2010

2010 goes out WITH A BANG. What to expect in 2011...
By: Clive Maund
Here again we have a paradox, for while gold and silver are becoming increasing vulnerable to a correction after their long steady uptrends, such uptrends typically end with a parabolic acceleration and blowoff phase with greatly increased public interest. This still hasn't happened which is why we suspect that a spectacular near vertical rally may be just around the corner - and we certainly don't want to sell out too early and miss that.

news.goldseek.com >> 26 December 2010

Gold Market Update
By: Clive Maund
You can consider this Gold Market update to be gift wrapped. As I am unable to get presents to each and every reader this year for logistical reasons, these Gold and Silver Market updates are going to have to suffice, which is perfectly reasonable given how bullish they are.

news.goldseek.com >> 14 November 2010

Now Try Telling Me That Charts Don't Work
By: Clive Maund
You still sometimes read articles by critics disparaging charting or Technical Analysis as it is more formally known. Sometimes the criticism emanates from fundamental analysts who have maybe tried it and baulked at the time and effort required to master it, and in ignorance take to deriding it. Usually the attacks go along the lines that "the past is no guide to the future" and "stocks move by random walk" etc - one guy wrote to me and told me that "fundamentals will always trump technicals".

news.goldseek.com >> 7 November 2010

Gold Market Update
By: Clive Maund
The Fed crossed the Rubicon last week with its announcement of another massive tranche of QE (Quantitative Easing or in common parlance money printing), known as QE2. It is thus clear that what is now known as QE1, which was portrayed at the time as "one off rescue of the financial system" was nothing of the kind, but represented instead the bursting of a dam that can never be put back together again.

news.goldseek.com >> 31 October 2010

Gold Market Update
By: Clive Maund
Gold and silver at last staged the expected correction necessary to unwind the extremely overbought condition that had persisted for weeks. Once the correction started we had figured it would take gold down to about $1300, probably with a 3-wave movement, and although it did drop to about $1316 at its lowest point intraday, the bullish action late last week makes a return to the $1300 area much less likely.

news.goldseek.com >> 14 October 2010

THE REAL COPIAPO, THE REAL ATACAMA - by a resource stock analyst WHO LIVED THERE...
By: Clive Maund
Long time readers may recall that I lived in Copiapo, Chile for quite a while - 2 years to be exact, although I now live in the very different Lake District in southern Chile, near Pucon. With the eyes of the world suddenly on Copiapo and the nearby San Jose mine because of the sensational and unprecedented mine rescue, thousands of reporters have descended on the town, and are searching out every angle to this story.

news.goldseek.com >> 7 October 2010

STRAP YOURSELVES IN - this is going to be HUGE...
By: Clive Maund
We are on the point of a major breakout by Precious Metals stocks that is expected to lead to a powerful rally. The reason that the rally will be powerful is that stocks have been held in restraint since late last year by a zone of very strong resistance in the vicinity of the 2008 highs. This resistance is on the point of being overcome and when it is the last argument that bears are using to justify their position will crumble - namely that of the non-confirmation of gold's continuing new highs by stocks - and they will be forced to cover or face annihilation. This covering should give added fuel to the accelerating rally.

news.goldseek.com >> 4 October 2010

Gold Market Update
By: Clive Maund
Two of our three requirements for a major uptrend developing across the Precious Metals sector that were set out in the last Gold and Silver Market updates have now been met - first silver has broken out to clear new highs, then gold broke out above the top line of its potential bearish Rising Wedge - the only condition remaining to be fulfilled is a breakout by the stocks indices - and that may be imminent.

news.goldseek.com >> 19 September 2010

Gold Market Update
By: Clive Maund
We require 3 conditions to be be met to be sure that we have an upside sector breakout, which are expected to be synchronously fulfilled. First gold has to break out upside from its current potentially bearish Rising Wedge - new highs are NOT GOOD ENOUGH and to claim they are is amateurish. Second, while silver has undeniably broken out upside from a Triangle, IT HAS NOT BROKEN OUT YET TO CLEAR NEW HIGHS. Thirdly, as more ordinary investors are well aware, Precious Metals stocks indices HAVE NOT YET BROKEN OUT to new highs, although there is strong evidence is that they will do before long.

news.goldseek.com >> 14 September 2010

Gold Market Update
By: Clive Maund
Some years ago I remember watching a retrospective documentary about life in Florida in the heady days of the Apollo moon program. In one bit of old film was one of those VW camper vans, of the type favored by freewheeling hippies, which had heavily darkened windows on one of which was scrawled the simple message "Don`t laugh - your daughter may be in here". I share this priceless memory with you in order to illustrate the crucial point that the way we perceive situations depends on how they affect us personally.

news.goldseek.com >> 30 August 2010

Gold Market Update
By: Clive Maund
In the last update we were looking for gold to turn lower, it did turn lower and dropped quite heavily back to its 200-day moving average. However, it has risen all the way back up again and is now within striking distance of breaking out to new highs.

news.goldseek.com >> 11 August 2010

Bloody Well Right...
By: Clive Maund
I took some stick over the past week for my predictions that the market was about to "come a cropper", in the Message to Wall St and Friday`s Candlestick Warnings articles. So it is gratifying to see markets plunging today, and US markets breaking down from their weakening uptrends to enter what is expected to a be phase of protracted and severe decline.

news.goldseek.com >> 1 August 2010

Global Catastrophe Alert�
By: Clive Maund
We don`t normally mention Astrology on www.clivemaund.com because although Clive Maund has a good working knowledge of Astrology and has used it for many years in his personal life and found it most helpful, applying it to markets is another ball game and requires a special talent. So we have stuck to Technical Analysis and left applying Astrology to the markets to others. However, the planetary alignment that is set to reach maximum intensity during the next two weeks is of such immense power and has such major implications, that we would be foolish to ignore it.

news.goldseek.com >> 18 July 2010

Don't get fleeced - get rich: CRASH UPDATE
By: Clive Maund
So let�s make this as clear as possible - if there is another market crash soon as expected, investors are going to do what they always do, which is go into blind panic and toss almost everything overboard, and that can be expected to include gold, silver and PM stocks. Yes, we fully understand that the fiat money system is rapidly approaching its nemesis and that gold is the ultimate safe haven and is set to soar as currencies become worthless, but that won�t help it much short-term during the crash phase, which is likely to result in a heavy reaction in gold back probably to its long-term uptrend support line.

news.goldseek.com >> 7 June 2010

Implications of the GOLD-SILVER DIVERGENCE...
By: Clive Maund
In this article we are going to consider the implications of gold�s new highs of late last year and a month or so ago not being confirmed by new highs in either silver or the Precious Metal stock indices, and consider other factors having an important bearing on the outlook. Normally such a non-confirmation results in a reversal, if it persists, which is why it is a focus of concern at this time.

news.goldseek.com >> 31 May 2010

THE LOOMING FINANCIAL HOLOCAUST - is closer than we thought....
By: Clive Maund
We had expected the broad stockmarket and the resource sector to stabilize and start to recover last week and they did, and while we are likely to see further recovery in the days and perhaps weeks ahead, there have been some ominous developments in the recent past that we would be most unwise to ignore.

news.goldseek.com >> 24 May 2010

Gold Market Update
By: Clive Maund
Although gold and silver dropped quite sharply last week, longer-term charts reveal that nothing broke technically and the reactions were in fact within normal parameters.

news.goldseek.com >> 10 May 2010

Gold Market Update
By: Clive Maund
Gold ended last week very close to new highs against the dollar, which was a remarkable achievement given that the dollar soared and that the stockmarket fell heavily. The NYSE tried to explain away the near 1000 point drop in the DJIA intraday on Thursday as being due to some sort of technical glitch, but the more plausible explanation for us is that it was occasioned by temporary blind panic, which should it recur would have rather unfortunate consequences, to put it mildly.

news.goldseek.com >> 18 April 2010

Gold Market Update
By: Clive Maund
For a while gold looked like it was breaking out, but several of the important conditions for a successful upside breakout that were explained in the last update 2 weeks ago were not met and on Friday gold turned sharply lower. Although Friday's drop is thought to mark the start of a reactive phase, it is considered likely that it will prove short-lived as the overall picture for gold remains positive.

news.goldseek.com >> 4 April 2010

Gold Market Update
By: Clive Maund
It looks like we have just stepped off the train before it starts to leave the station - in other words it looks like last week's update was DEAD WRONG. While there were sound reasons for being cautious, such as non-confirmation and the overbought condition of the stockmarket, last week's action in the PM sector has greatly increased the chances that it is going to break higher and embark on a strong advance anyway.

news.goldseek.com >> 21 March 2010

Gold Market Update
By: Clive Maund
Would a severe decline by the Precious Metals at this point mean that the bullmarket in gold and silver is over? - probably not - because those in power can be expected to respond to the resurgence of deflation the same way they did last time - with bailouts, money printing and the suppression of interest rates - but this time they will have to do these things on an even grander scale that will pave the way for hyperinflation - so we are likely to see another roller coaster ride with an �icicle� bottom, and we will be ready and waiting to pounce if prices plunge again as they did in 2008.

news.goldseek.com >> 17 February 2010

Clive Maund: Unlock Profits with Technical Analysis
By: Clive Maund
Which camp are you in, inflation or deflation? While Mr. Market labors under the pressures of both and the burgeoning weight of artificial stimuli, Clive Maund, a 30-year veteran of technical analysis, is positioning himself for gains either way.

news.goldseek.com >> 1 February 2010

Gold Market Update
By: Clive Maund
In this Gold Market update we are going to "cast our net wide" and consider the outlook not just for gold and PM stocks but also the dollar, other commodities and the the broad US stockmarket. The reason for this is that COMMODITY AND STOCKMARKETS ARE AT A CRITICAL JUNCTURE AND MUST REVERSE TO THE UPSIDE IMMEDIATELY to avert the risk of a catastrophic decline, similar to 2008 or even worse.

news.goldseek.com >> 24 January 2010

BROAD US STOCKMARKET - Black Monday perhaps??...
By: Clive Maund
On Friday Goldman Sachs and J P Morgan broke down decisively from their Head-and-Shoulders tops, a development that we predicted before the open based in large part on the huge downside volume in these stocks on Thursday. The Put options that we bought in the early trade in GS and JPM soared, some contracts rising by about 50% by the close. This bearish development caused shockwaves to spread through the market which accelerated to the downside late in the day. After 2 days of heavy losses the Precious Metals stocks indices stopped for a breather just above their 200-day moving averages, and closed virtually unchanged on the day.

news.goldseek.com >> 4 January 2010

Outlook for 2010 - Global "Q.E." to the Rescue
By: Clive Maund
The year ended with a typical light volume "Santa Claus" rally. Understandably there is considerable trepidation about what the New Year will bring after the prolonged rally from last March and the known fact that would-be sellers have been holding off in recent weeks, waiting for the New Year to sell for tax reasons. It doesn't look good, especially given the rather scary sudden drop in the last hour of trading before the Christmas holiday.

news.goldseek.com >> 28 December 2009

Gold Market Update
By: Clive Maund
The technical picture for gold has brightened considerably over the past week, despite the price having continued to drop and the apparent failure of an uptrend. The reasons for this are to be found in the price action of gold itself and in what has been going on elsewhere at the same time.

Silver Market Update
By: Clive Maund
Last week's update was too bearish - especially as there have been a number of positive developments this week not only in both silver and gold but also with respect to major elements having an important bearing on Precious Metal prices.

news.goldseek.com >> 21 December 2009

Gold Market Update
By: Clive Maund
Gold behaved as predicted in last weekend�s update - it rallied into the middle of last week before plunging on Thursday and then ended the week with a modest upturn. Thursday�s plunge involved a sharp break below our important parabolic uptrend channel, and although the break was not by a decisive margin and gold rallied Friday, this sharp drop has bearish implications.

news.goldseek.com >> 13 December 2009

Gold Market Update
By: Clive Maund
The last update posted on the 29th November called a top in gold, which occurred just a few days later. This was actually quite easy to do given the overbought extreme that then existed and the fervour of bullishness spilling over into the mainstream financial media. Gold has since reacted back heavily and our task now is to decide whether this is just a reaction in an ongoing and possibly still accelerating uptrend, or whether it marks an intermediate top, or worse the onset of a full-blown bearmarket.

news.goldseek.com >> 7 December 2009

The Dubai Financial Nuke
By: Clive Maund
We got the heavy reaction in gold that we had been expecting for some days on Friday. The problem is that we also got a big important breakout in the dollar, which we had acknowledged as a significant possibility for some time. This is not good news for commodities and not good news for the stockmarket either as it signifies the onset of a flight to cash such as we witnessed last year.

news.goldseek.com >> 30 November 2009

Gold Market Update
By: Clive Maund
Last week gold continued to rise to become super-extremely overbought as measured by short-term oscillators and then ran into heavy turbulence late in the week as the Dubai debt problems surfaced. The purpose of this update is to try to figure whether the action last week marks the start of a significant corrective phase.

news.goldseek.com >> 25 November 2009

The Danger And The Opportunity
By: Clive Maund
Gold is now pushing deeply into critically overbought territory on its RSI indicator, so consolidation/correction can be presumed to be imminent. Look for the gap with the 20-day moving average, shown on our 1-year chart (the green line), to be closed in the near future.

news.goldseek.com >> 15 November 2009

Gold Market Update
By: Clive Maund
On longer-term charts gold looks great here as it accelerates away from its recently completed 20-month consolidation pattern. The prospect is for a powerful, steep multi-month advance, punctuated by mostly brief periods of consolidation. In the last update we examined the long-term charts to divine the big picture and as this has not changed since, we will in this update look at the shorter-term charts to consider the immediate outlook as gold is now overbought, and also pay attention to the dollar and euro, which are on the cusp of big moves that obviously have important implications for all markets.

news.goldseek.com >> 8 November 2009

Gold Market Update
By: Clive Maund
Last week gold's major new uptrend became established when following a successful test of support at the breakout point it advanced to new highs, indifferent to temporary dollar strength. The new uptrend is expected to be at least of similar magnitude and duration to the great uptrends of 2005 - 2006 and 2007 - 2008 and if it is we are looking at very significant gains over the intermediate-term, which is certainly suggested by the recent powerful breakouts of many junior mining stocks.

news.goldseek.com >> 5 November 2009

The Case For Juniors
By: Clive Maund
This article has been provoked by a reader who told me he wasn't interested in my site because it is weighted towards "penny stocks" which he considers as "being suitable only for gamblers". The purpose of this article is to sweep away misconceptions and to make crystal clear the enormous advantage of intelligent penny stock investing over normal "respectable" investing in higher priced stocks.

news.goldseek.com >> 26 October 2009

DOLLAR ALERT - REVENGE of the GREENBACK...
By: Clive Maund
The dollar is at a crossroads and there are two probable scenarios. One is a final plunge following the recent grinding decline to an intermediate low that is followed by an intermediate reversal. The other is that it suddenly breaks out upside from the severe downtrend it has been stuck in since early March and rallies strongly, strongly because it is likely to be juiced by a sudden wave of panic short-covering.

news.goldseek.com >> 6 October 2009

GOLD: BREAKOUT ALERT - POWERFUL UPTREND IMMINENT - target and trajectory...
By: Clive Maund
The impending gold breakout has been so long in the making that it has engendered a "we'll believe it when we see it" mentality amongst most market participants. What this means of course is that most will miss out on the big easy gains that will accrue during the dynamic phase of the next major uptrend and will turn up late at the party, as usual. We ourselves have had lingering doubts engendered in large part by the perceived risk of a dollar rally, but these doubts are now dissipating for reasons that will be set below.

news.goldseek.com >> 5 October 2009

Gold Market Update
By: Clive Maund
Gold is behaving well technically and is, thus far, on course to break out to new highs soon. On its 3-year chart we can see how the upside breakout from the Triangle led to a run at the highs, where it stalled out and reversed as it arrived near the highs in an overbought condition and with its COT figures at an extreme level.

news.goldseek.com >> 25 September 2009

DEATH of the AMERICAN EMPIRE...
By: Clive Maund
The general public, who never understood the global financial crisis in the first place, have been hoodwinked into thinking it�s over. It�s not. None of the underlying structural abnormalities, distortions and excesses within the global financial system have been addressed and rectified, because to do so in a meaningful way would involve allowing a constructive depression to purge the system of dross and parasitic elements (like much of government itself) in what would amount to a teardown and rebuild.

news.goldseek.com >> 21 September 2009

GOLD AT THE CROSSROADS - analysis with reference to dollar and COT...
By: Clive Maund
In this article we are going to review in a dispassionate manner what gold has and hasn�t achieved in recent weeks and make deductions about the outlook. September is by far the strongest month for gold on a seasonal basis and this year has been no exception.

news.goldseek.com >> 13 September 2009

Gold Market Update
By: Clive Maund
Investors will much more readily forgive a market commentator who is bullish and wrong than one who is bearish and wrong. This explains why, with gold tantalizingly close to breaking out to new highs, bearish or cautious articles on the yellow metal are few and far between.

news.goldseek.com >> 8 September 2009

Gold Market Update
By: Clive Maund
Gold has broken out of its large Symmetrical Triangle to the upside, and is now in position for "the big one" - the breakout above the wall of resistance approaching last year's highs in the $1030 area. However, those who are expecting it to accomplish this immediately are likely to be disappointed as its short-term overbought status and especially silver's critically overbought condition and very high Commercial short position are pointing to an imminent reaction, although this reaction should present a great buying opportunity ahead of the major breakout.

news.goldseek.com >> 23 August 2009

Gold Market Update
By: Clive Maund
UPSIDE BREAKOUT ALERT: gold is now believed to be very close to an upside breakout to new highs, a development that should lead to a rapid advance towards the $1300 area, and it should be noted that this scenario will not be negated by a brief sharp drop that may be aimed at wrong-footing a lot of traders.

news.goldseek.com >> 17 August 2009

Gold Market Update
By: Clive Maund
Gold's bulls and bears have fought each other to a standstill so that an eerie calm now exists in the gold market, rather like the period in Europe known as the Phony War which was an early stage of the 2nd World War, where despite having declared war on each other, the major powers did not engage in significant military operations. Just as this phase was the "calm before the storm" it is clear from an examination of the gold chart that this time of tranquillity is about to end - that much we can be fairly sure about.

news.goldseek.com >> 9 August 2009

Gold Market Update
By: Clive Maund
Gold's technicals have been looking very promising in the recent past, but there have been two worrying developments over the past couple of weeks which suggest that we may be about to see a vicious shakeout rather than the breakout to new highs that so many are anticipating.

news.goldseek.com >> 27 July 2009

Gold Market Update
By: Clive Maund
The chances of gold breaking out to new highs in the near future are rapidly diminishing as the heavy hitters who have always prevailed up to this point are dramatically ramping up their short positions. Our COT chart shows a big increase in Commercial short positions just over the week up to last Tuesday to levels that in the past have preceded major reactions in gold.

news.goldseek.com >> 13 July 2009

Gold Market Update
By: Clive Maund
The Summer* doldrums are upon us with many investors more interested in the weather forecast than the markets. Although the Summer vacation period is often a time of drift in the markets for obvious reasons, there are exceptions like August 07, when the sub-prime crisis erupted, forcing many brokers to put down their champagne glasses and make a hasty retreat from the beach - and the lighter trading volumes at this time of year make it even easier for big money to steamroller the little guy.

news.goldseek.com >> 21 June 2009

Gold Market Update
By: Clive Maund
Gold broke down and went into decline, as predicted in the last update posted early this month. At that time our maximum downside target was the strong support in the $880 area, but now there are strong signs that the decline has either run its course, or is close to having done so, and that a breakout to new highs may be close at hand.

news.goldseek.com >> 7 June 2009

Gold Market Update
By: Clive Maund
Gold did embark on a new intermediate uptrend as predicted in the last Gold Market update posted towards the end of April, however, the uptrend was not as strong as expected and it failed to break out to new dollar highs and is now starting to weaken again without mounting a serious challenge of the highs first. This is bearish for the short to medium-term.

news.goldseek.com >> 26 May 2009

If you are long the broad US stockmarket - PREPARE TO GET BURIED
By: Clive Maund
Fundamentally the rally in the broad stockmarket from early in March is viewed as being the result of a combination of media hype, wishful thinking and short covering, but there may be more to it than that - it would appear that a sizeable proportion of the TARP (Troubled Asset Relief Program) funds not thus far deployed have been used to drive up the stockmarkets in order to create a positive environment for the banks to issue secondary shares and thus raise equity.

news.goldseek.com >> 18 May 2009

Inflation or deflation - GOLD WILL BE KING...
By: Clive Maund
From August 2007 when the world passed the tipping point it has been in the grip of massive deflationary forces that have already ravaged portfolios and pension plans and resulted in millions losing their jobs. This deflationary implosion had become structurally inevitable and it was only ever a question of when, rather than if, it occurred.

news.goldseek.com >> 10 May 2009

When The Rose Tinted Glasses Fall Off...
By: Clive Maund
We are going to start this article with a premise, which is that the bond market and the dollar are much more important to the powers that be in the US than the stockmarket. Two months ago the stockmarket was plumbing new lows and the end of the world was nigh. Now, instead, you walk down Wall St and everything is smelling of roses. Unfortunately, however, there is a massive storm threatening to break that will necessitate the immediate sacrifice of the stockmarket, and especially those mugs who have been taken in by the recovery hype being doled out by the media and have been buying the market in the recent past.

news.goldseek.com >> 26 April 2009

Gold Market Update
By: Clive Maund
Last week gold rallied away from the danger zone, leaving behind a fine small Double bottom on its chart, and it is now shaping up to begin a strong run. On the 6-month chart we can see that gold honored the support described as being of key importance in the last update, rallying away from its early April low and its 200-day moving average to approach the return line of the downtrend channel shown. This is positive action that has created a cushion for those long gold.

news.goldseek.com >> 19 April 2009

Gold Market Update
By: Clive Maund
Both gold and silver have suffered technical deterioration over the past week with the result that they are now close to aborting the short to medium-term bullish scenario that was set out in the last update. Meanwhile, large Precious Metals shares are on the point of breaking down from their shallow uptrends in force from December - January after further losses this past week.

news.goldseek.com >> 12 April 2009

Gold Market Update
By: Clive Maund
Why can't folks break the habit of being so pessimistic at market bottoms? Not that we're complaining, if they did that would be one less thing that we'd have to go on. With people writing in to say that gold is going to $800, or $700, things are definitely looking up.

news.goldseek.com >> 27 March 2009

Can the Zimbabwean School of Economics SAVE THE WORLD??...
By: Clive Maund
The bearmarket rally in the broad US stockmarket is thought to have about run its course, although it could run as far as 900 on the S&P500 for reasons set out below. The rally had its origins in extremes of negative sentiment before it started, so that once it got underway it was fuelled by short covering and media hype, especially the Obama optimism effect.

news.goldseek.com >> 23 March 2009

Gold Market Update
By: Clive Maund
Last week a very dangerous precedent was set when the Fed announced that it is going to start overtly intervening to backstop the ailing Treasury market. The market's verdict on this announcement was immediate and unequivocal. While Treasuries rallied sharply as one might expect, the dollar cratered and gold staged a dramatic turnaround to close sharply higher.

news.goldseek.com >> 19 March 2009

Gold to Soar
By: Clive Maund
You may have heard the old saying that "the Market is the news", and it is true. You don't have to look for explanations regarding yesterday's response by the markets to the Fed's announcement that it will buy $300 billion of Treasuries, you only have to look at the reaction of the markets. The dollar index tanked by nearly 3% - it's biggest drop for over 2 decades. That alone tells you all that you need to know.

news.goldseek.com >> 8 March 2009

Copper and Oil Provide Early Warning of an End to the Global Economic Crisis�
By: Clive Maund
Something truly remarkable happened last week that has major implications for the global economic crisis - despite all the doom and gloom and the broad stockmarket continuing to make new lows, copper broke out upside from a 3-month long base pattern. Why is this so important?

news.goldseek.com >> 1 March 2009

Gold Market Update
By: Clive Maund
Gold ran at its highs of last March, before reacting back heavily, as expected and predicted in the last update. The 1-year chart makes very clear why it has reacted back so. It hit the upper return line of a steep uptrend channel in a very overbought condition as shown by the RSI and slow stochastic on this chart, and various other oscillators that are not shown.

news.goldseek.com >> 22 February 2009

MARKETWATCH - Precious Metals stocks stalemate about to end...
By: Clive Maund
Alot of subscribers have been perplexed by the relatively miserable, laggardly performance of Precious Metals stocks in recent days as gold and silver have soared, especially against various major world currencies. This is one thing which is easy to explain - they have been held in check by a massive wall of overhanging supply that dates back to the extensive trading around the current price for much of 2006 and 2007, which we have looked at earlier on the 4-year chart for the HUI index.

news.goldseek.com >> 16 February 2009

Gold Market Update
By: Clive Maund
While gold has made progress since the last update, it has not not broken out to new highs against the dollar as expected, because the dollar has held up. Nevertheless it has made satisfactory progress and has made new highs against many other currencies.

news.goldseek.com >> 8 February 2009

COPPER - Upside Breakout Imminent, Implications for Commodities...
By: Clive Maund
Although copper may seem like a sideshow it is actually very important, for it is a barometer of changes in the world economy. In retrospect it is easy to see on its long-term chart below that its refusal to break higher for several years from what turned out to be a major top area was a warning that all was not well with the world economy.

news.goldseek.com >> 5 February 2009

WHY JUNIORS?, WHY NOW? - analysis of the Canadian CDNX index...
By: Clive Maund
For over 18 months most junior mining stocks have put in an absolutely terrible performance. The chart for the CDNX index, which best represents junior gold miners as it is made of about 500 stocks most of which are mining stocks, makes this abundantly clear - and many investors in the sector will not of course need reminding of this.

news.goldseek.com >> 26 January 2009

Gold Market Update
By: Clive Maund
Gold is now in position to break out to new dollar highs and embark on a very powerful run. It is not its action on Friday which gives rise to this positive view, although that was certainly impressive enough, but the extremely bearish action in the dollar last week, which suggests that it is on the verge of a breakdown and savage decline.

news.goldseek.com >> 20 January 2009

Gold Market Update
By: Clive Maund
The question now of course, particularly after the strong gains on Friday, is whether the reaction in the Precious Metals sector has run its course. Before attempting to answer this question it is worth stepping back to make some general observations about gold and the grave financial crisis gripping the world.

news.goldseek.com >> 4 January 2009

Gold Market Update
By: Clive Maund
We've been here before haven't we? Gold has been in a rising trend for some considerable time, taking it to trendline or resistance targets, and then "wham!" it gets whacked back down again. Certainly the long-term outlook for gold is excellent, especially given the strong and increasing demand for physical, but over the short to medium-term it now looks set to get taken down again.

news.goldseek.com >> 23 December 2008

Gold Market Update
By: Clive Maund
The way things look it will soon be impossible - or very difficult and expensive - to obtain physical gold and silver. The first major wave of physical buying has bought up all of the coins and small bar gold and silver available on the market, with the result that if you want any, you must pay a large premium. Right now, the second wave is underway, with astute investors forcing the Comex to deliver, which is having the effect of drawing down their warehouse stocks at a rapid rate.

news.goldseek.com >> 16 December 2008

Bye bye dollar, bye bye Treasuries...
By: Clive Maund
Over the past several days the dollar has gone into a severe decline, and this drop does not look like a reaction within an ongoing uptrend, as was the case in September, for as we can see on the 6-month chart it follows the development of a Head-and-Shoulders top area, a distribution pattern that took nearly 2 months to form. It looks like the dollar has broken down from an important reversal pattern.