news.goldseek.com >> 24 July 2020

Gold, Silver Very Overbought
By: Adam Hamilton, CPA, Zeal Research
Both gold and silver surged dramatically higher this past week, propelled by torrents of investment capital deluging in. The resulting major new highs are really exciting, unleashing widespread fear-of-missing-out buying. But the precious metals’ blistering jumps have left them very overbought. They have come so far so fast they are at and above technical extremes that have proven unsustainable. So caution is in order here.

Gold and silver are powering higher on balance in secular bull markets that have been running for years. And their fundamental underpinnings are stronger than ever. The Fed’s astoundingly-epic money printing since mid-March’s stock panic has catapulted stock markets to dangerous bubble valuations. And the vast majority of investors have yet to diversify their stock-heavy portfolios with counter-moving precious metals.

news.goldseek.com >> 17 July 2020

Silver Demand Exploding!
By: Adam Hamilton, Zeal Research
The resulting enormous SLV-holdings builds are unprecedented, forcing them vertical to smash through many new record highs. That is unleashing a powerful virtuous circle for silver, with investment buying driving silver higher attracting in even more investors. Silver still has a long runway higher to mean revert back up to historic norms relative to gold. And the Fed’s epic monetary inflation should keep demand high.

news.goldseek.com >> 10 July 2020

Gold Stocks Blast Higher
By: Adam Hamilton, Zeal Research
The bottom line is despite gold stocks blasting higher, their upleg likely still hasn’t run its course yet. The majority of their massive post-panic gains were merely a mean reversion out of extreme anomalous lows. The gold stocks haven’t outperformed gold normally year-to-date, they aren’t super-overbought, investors are still buying gold, and speculators haven’t exhausted their gold-futures-buying firepower in this upleg.

All this is bullish for gold stocks in coming months. While their Q2 results will be somewhat impaired due to COVID-19 disruptions, their earnings-growth potential in future quarters is enormous with these higher prevailing gold prices. And counter-seasonal gold-stock summer breakouts usually keep rallying on momentum buying instead of rolling over. This sector’s odds of keeping marching higher on balance look good.

news.goldseek.com >> 5 July 2020

Gold Summer Doldrums 3
By: Adam Hamilton, Zeal Research
Gold, silver, and their miners’ stocks suffer their weakest seasonals of the year in early summers. With traders’ attention normally diverted to vacations and summer fun, interest in and demand for precious metals usually wane. Without outsized investment demand, gold tends to drift sideways dragging silver and miners’ stocks with it. Feared as the summer doldrums, sometimes unusual catalysts short-circuit them.

news.goldseek.com >> 28 June 2020

Gold Stocks Still Undervalued
By: Adam Hamilton, Zeal Research
The bottom line is major gold stocks still look undervalued relative to gold today despite their massive post-stock-panic upleg. Ratios of gold-stock prices to prevailing gold levels remain fairly low compared to this gold bull’s own precedent. And they are really low based on historical levels in the years after the last stock panic! This latest post-panic gold-stock upleg has lots of room fundamentally to keep powering higher.

Recent gold-stock technicals support this bullish outlook, with gold stocks consolidating high since their mean-reversion surge stalled out. That price action looks like a healthy mid-upleg pause that’s necessary to rebalance sentiment. The gold miners’ earnings growth is going to be strong in coming quarters after the COVID-19 disruptions to mining operations pass. That should continue to fuel strong gold-stock buying.

news.goldseek.com >> 19 June 2020

Gold-Futures Firepower Mounts
By: Adam Hamilton, CPA, Zeal Research
The bottom line is gold-futures speculators haven’t been participating in gold’s strong post-panic upleg so far. These influential traders who often dominate gold’s price action through extreme leverage not only haven’t been buying, they’ve been modest sellers. Their skepticism apparent through their positioning is the reason gold has consolidated high. But their selling is building up their capital firepower for later buying.

As strong investment demand continues pushing gold higher on balance, sooner or later the gold-futures speculators will join in to ride this upleg. Their current lukewarm positioning leaves big room to buy, which will really amplify gold’s coming gains. This gold upleg isn’t in danger of failing until these traders’ bets grow excessively-bullish again. The long buying runway before that is very bullish for gold and gold stocks.

news.goldseek.com >> 12 June 2020

Gold Investment Strong
By: Adam Hamilton
The bottom line is gold investment demand remains strong. Ever since the stock panic, American stock investors have continued shifting capital into GLD shares on balance. GLD’s holdings have long proven the best daily proxy for global gold investment demand. Investors are returning to gold with a vengeance after March’s stock panic violently reminded them that stock-market cycles still exist despite Fed money printing.

And that has gone ballistic since the stock panic, with the panicking Fed ramping dollar supplies by 2/3rds in a few months! This biggest and most-extreme monetary inflation in US history by far makes investing in gold more essential than ever. So gold investment demand is likely to remain strong in coming months, and soar as these lofty Fed-goosed stock markets roll over. That portends massive additional gold-stock gains.

news.goldseek.com >> 5 June 2020

Gold-Stock Upleg Healthy
By: Adam Hamilton, CPA, Zeal Research
The bottom line is this post-stock-panic gold-stock upleg continues to look healthy. While the major gold stocks effectively doubled in a couple months, fully 2/3rds of that was merely a mean reversion out of the extreme stock-panic lows. Gold stocks haven’t rallied excessively from a cross-panic perspective, and haven’t yet seen anything resembling upleg-slaying levels of greedy sentiment and overbought technicals.

Like usual this gold-stock upleg will follow gold, which continues to see exceptionally-strong investment demand into this summer. Prudent investors fear the Fed’s mind-boggling inflation, and worry the stock-market levitation it has fueled will roll over hard to reflect an uglier pandemic economic reality. As long as investment capital is migrating into gold to prudently diversify portfolios, gold stocks will leverage its gains.

news.goldseek.com >> 29 May 2020

Silver Miners’ Q1’20 Fundamentals
By: Adam Hamilton
The silver miners’ stocks have surged higher since mid-March’s COVID-19 stock panic, clocking in some big and fast gains.  Nevertheless, this long-struggling sector remains vexing.  By mid-May as their latest earnings season was wrapping up, the silver stocks were lagging the gold stocks’ powerful upleg.  And the silver miners’ Q1’20 operational and financial results were disappointing compared to the gold miners’.

news.goldseek.com >> 22 May 2020

Gold Mid-Tiers’ Q1’20 Fundamentals
By: Adam Hamilton, CPA
The mid-tier gold miners in the sweet spot for stock-price upside potential have enjoyed a massive run since mid-March’s stock-panic lows. They’ve already more than doubled in the couple months since! Their just-released Q1’20 operational and financial results reveal whether these huge gains are righteous fundamentally, whether this uptrend is likely to persist, and how COVID-19 shutdowns are affecting gold miners.

news.goldseek.com >> 15 May 2020

Gold Miners’ Q1’20 Fundamentals
By: Adam Hamilton
The major gold miners’ stocks have rallied dramatically out of mid-March’s stock-panic lows, soaring to new bull-market highs. Their just-reported Q1’20 operational and financial results reveal whether today’s higher gold-stock prices are fundamentally justified. They also illuminate whether this gold-stock upleg is likely to continue powering higher, despite the catastrophic economic damage from governments’ lockdowns.

news.goldseek.com >> 8 May 2020

Big US Stocks’ Q1’20 Fundamentals
By: Adam Hamilton
With the stock markets near a critical juncture during the most-extreme economic dislocations of our lifetimes, big US stocks’ fundamentals have never been more important. After plummeting in a brutal stock panic on the catastrophic economic damage caused by governments’ draconian lockdowns to fight COVID-19, stocks have skyrocketed in a monster rally. Are these gains righteous or doomed to fail?

news.goldseek.com >> 1 May 2020

Silver’s Epic Mean Reversion
By: Adam Hamilton
Silver is powering higher in a new bull market after getting clobbered in March’s stock panic. Investors have been flocking back to silver in the aftermath of that ultra-rare extreme-fear event. That brutal selloff also utterly wiped out speculators’ upside bets in silver futures, giving them massive room to buy back in. After being pummeled to record-low levels relative to gold, an epic silver mean reversion higher is underway.

news.goldseek.com >> 24 April 2020

Gold-Stock Bull Breakout!
By: Adam Hamilton
The gold miners’ stocks surged to a major bull-market breakout this week! Powering decisively above their years-old secular resistance is a hugely-important technical event. It proves this gold-stock bull is alive and well, greatly improves sentiment, and puts this high-flying sector on countless more traders’ radars. New bull highs fuel self-feeding bullish psychology, as speculators and investors love chasing winners.

news.goldseek.com >> 17 April 2020

Big Silver Bull Running!
By: Adam Hamilton
Silver is blasting higher after mid-March’s stock-panic-spawned near-crash. This normal oversold mean reversion looks like the start of something much bigger though. Speculators’ positioning in silver futures utterly collapsed, leaving massive room for them to buy back in. And silver investment buying since the recent lows has been strong and relentless. All this argues that a big new silver bull market is starting to run!

news.goldseek.com >> 10 April 2020

Gold Investment Soaring!
By: Adam Hamilton
Gold investment demand is soaring in the wake of the COVID-19 stock panic! Investors are rushing back into gold to diversify after seeing mind-boggling central-bank money printing and government spending. Since that epic monetary inflation won’t be unwound, and investors were radically underinvested in gold before the panic, this trend is likely to persist for years. It will catapult gold and its miners’ stocks far higher.

news.goldseek.com >> 3 April 2020

Gold Stocks Crash, V-Bounce!
By: Adam Hamilton
Gold miners’ stocks have endured epic volatility in this past month, literally crashing before blasting back higher in a violent V-bounce. That preceding wicked capitulation flush savagely forced the weak hands out, paving the way for gold stocks’ next major upleg. The resulting fierce rebound signals it is already underway, with plenty of speculators and investors now chasing the huge gains this sector is famous for.

news.goldseek.com >> 27 March 2020

Silver Miners’ Q4’19 Fundamentals
By: Adam Hamilton
The carnage in the silver miners’ stocks has been apocalyptic, fueled by the astounding COVID-19 stock panic. As terrified traders frantically dumped everything and ran for the hills, silver and its miners’ stocks crashed. That catastrophic anomaly has potentially created epic contrarian buying opportunities. The silver miners’ recently-reported Q4’19 results reveal whether their fundamentals support a massive rebound.

news.goldseek.com >> 20 March 2020

Gold Mid-Tiers’ Q4’19 Fundamentals
By: Adam Hamilton, CPA, Zeal Research
The bottom line is the mid-tier gold miners reported awesome results in Q4, directly driven by its much-higher prevailing gold prices. The mid-tiers also had far-better output growth than the majors, helping fuel soaring revenues, operating cash flows, and earnings. And implied earnings growth continues to look massive with gold powering even higher still in Q1. The mid-tiers’ fundamentals should continue improving.

Even at their relatively-high late-February levels, the mid-tier gold miners’ stock prices were seriously lagging their huge profits growth. But after this insane COVID-19 stock panic crashed this sector, these stocks are trading at some of their steepest discounts to current fundamentals ever! That gives them epic potential to mean revert radically higher as fear fades and gold recovers, yielding huge gains to early contrarians.

news.goldseek.com >> 13 March 2020

Gold Miners’ Q4’19 Fundamentals
By: Adam Hamilton, CPA, Zeal Research
The bottom line is the major gold miners just reported outstanding Q4 results. Much-higher prevailing gold prices dwarfed slightly-declining production and proportionally-rising costs. That fueled big revenues growth, soaring operating-cash-flow generation, and radically-higher accounting profits. All this left some of the world’s biggest gold miners trading at dirt-cheap price-to-earnings ratios in the low teens and single digits!

And with gold prices even higher in the currently-winding-down Q1, the major gold miners’ stock-market-leading explosive profits growth is likely to persist. That will force valuations even lower, enticing in big institutional value investors. Once gold mostly finishes correcting and battering miners’ stocks, the buy-low opportunities resulting should be awesome. Low prices with fast-improving fundamentals are crazy-bullish.

news.goldseek.com >> 6 March 2020

Big US Stocks’ Q4’19 Fundamentals
By: Adam Hamilton, CPA, Zeal Research
The bottom line is the big US stocks’ just-reported Q4’19 results certainly don’t justify their near-bubble valuations. All the revenues and earnings growth was concentrated in a handful of mega-cap tech stocks. The rest of these elite companies dominating the stock markets saw flat sales and declining profits, which is an ominous omen. That was despite a full year of the most extreme easing the Fed has ever undertaken!

And last quarter COVID-19 wasn’t even identified yet. That’s a game changer for the economy and stock markets unlike anything I’ve seen in my lifetime. Avoiding exposure to that deadly pathogen necessitates reduced spending, which will further weaken corporate profits. Sooner or later that adverse economic impact will overpower QE4 Treasury monetizations. So these super-overvalued stock markets remain very risky.

news.goldseek.com >> 28 February 2020

Gold Stocks’ Spring Rally 5
By: Adam Hamilton, CPA, Zeal Research
The bottom line is gold stocks often experience a strong spring rally seasonally. This is driven by gold’s own seasonality, where outsized investment demand arises at certain times during the calendar year. Gold usually enjoys a solid spring rally likely fueled by the universal optimism this season brings. And since gold drives gold miners’ profitability, their stock prices naturally follow it higher while amplifying its gains.

Unfortunately this year’s potential spring rally is more clouded than usual. Speculators’ positioning in gold futures remains excessively-bullish, their buying firepower largely expended. And investors have been ignoring gold to chase recent record-high stock markets. But if gold can consolidate high or push even higher, the gold stocks will likely surge to outsized gains this spring as their profits growth dazzles investors.

news.goldseek.com >> 21 February 2020

Gold’s Peculiar Surge
By: Adam Hamilton, CPA, Zeal Research
The bottom line is gold’s surge this year has been very peculiar. It mostly hasn’t been driven by gold’s usual dominant primary drivers of gold-futures buying and investment capital inflows. The gold-futures specs have been largely fully deployed continuously, their buying firepower tapped out. And investors haven’t been materially buying either per their leading daily proxy. GLD’s holdings only rose modestly.

While $1600+ gold is certainly exciting, gold needs sizable sustained capital inflows to keep powering higher in major uplegs. If that can’t come from exhausted gold-futures traders, and isn’t coming from normal gold-investment channels, gold’s staying power up here is questionable. Asian gold investment demand on coronavirus fears is likely what has forced gold higher, but it is unclear how long that will persist.

news.goldseek.com >> 14 February 2020

Gold Stocks Still Stalled
By: Adam Hamilton, CPA, Zeal Research
The bottom line is gold stocks remain stalled, making no progress on balance over the past half-year or so. Despite higher gold prices fueled by geopolitical fears, the major gold stocks are carving lower highs. Gold-stock traders are worried about gold’s anemic gains given the news, so they are wary of deploying big capital into the miners. That caution is wise given gold’s situation, with selling much more likely than buying.

The gold-futures speculators who overwhelmingly drive gold’s price action remain tapped out, their capital firepower for buying exhausted. The Fed’s extreme stock-market levitation has sapped investors’ interest in gold, while the Chinese haven’t been able to do their normal Lunar New Year buying. All that leaves gold and thus its miners’ stocks continuing to face risks for sizable selling. Wait until that runs its course to buy.

news.goldseek.com >> 7 February 2020

Big Silver-Stock Potential
By: Adam Hamilton, CPA, Zeal Research
The silver miners’ stocks are looking interesting. While they really lagged silver’s surge on gold’s bull-market-breakout rally last summer, their upleg since remains intact. Gold stocks’ own upleg peaked in early September. And silver itself remains wildly undervalued relative to gold, overdue to mean revert dramatically higher. When that happens during gold’s next upleg, the silver stocks have big potential to soar.

news.goldseek.com >> 31 January 2020

Fed’s Risky QE4 Stock Ramp
By: Adam Hamilton, CPA, Zeal Research
The bottom line is the Fed’s QE4 Treasury-monetization campaign fueled this extraordinary recent stock-market surge. The S&P 500’s tight low-volatility ascent path since QE4’s birth in mid-October has closely mirrored the Fed’s soaring balance sheet, much like it did during QE3. But the Fed can’t inject hundreds of billions of dollars of newly-conjured money forever. Sooner or later it will have to taper off and stop QE4.

news.goldseek.com >> 24 January 2020

Gold-Miner Valuations
By: Adam Hamilton, Zeal Research
The bottom line is gold-miner valuations remain quite low. Last summer’s gold-stock upleg was truncated prematurely before gold stocks’ strong leverage to gold hit full stride. So the gold miners’ stocks failed to reach overvalued levels relative to gold, helping them consolidate high since. And on a long-term basis, the gold stocks are still cheap compared to the metal they mine which overwhelmingly drives their profits.

The hefty gold-mining earnings are likely to grow even larger in Q4 results. But near-term downside risks still abound given speculators’ excessively-bullish positioning in gold futures. Gold stocks will follow and amplify gold’s price trends, regardless of their fundamentals. But once gold-futures selling normalizes the specs’ bets, the gold stocks ought to be screaming buys ahead of gold’s next upleg. Be ready to deploy for that.

news.goldseek.com >> 19 January 2020

Gold Stocks Wavering
By: Adam Hamilton, Zeal Research
The bottom line is gold stocks have been wavering in a high consolidation only because gold has mostly done the same. The gold miners can’t break out to the upside without sustained higher gold prices. But that’s really unlikely given speculators’ record excessively-bullish bets and investors continuing to sell on balance despite gold’s recent geopolitical spike. That investment selling will likely trigger big gold-futures selling.

That would force the gold stocks to roll over into a real correction, breaking down to the downside. That’s normal after major uplegs in this gold bull, rebalancing sentiment way more quickly than drifting sideways can. Gold-stock traders must remain wary until speculators’ extreme gold-futures positioning finally gets normalized through big selling. That will usher in the buy-low opportunities before gold’s next major upleg.

news.goldseek.com >> 10 January 2020

Gold Buying Precarious
By: Adam Hamilton, CPA, Zeal Research
At the same time gold-futures speculators can’t buy materially more, gold investors aren’t interested in buying. GLD’s holdings, the leading daily proxy of gold investment demand, have barely budged even as gold blasted higher in recent weeks. Record-high euphoric stock markets leave gold out of favor for diversifying portfolios. Without material capital inflows from speculators or investors, gold can’t keep climbing.

news.goldseek.com >> 3 January 2020

Gold-Stock Head Fake?
By: Adam Hamilton, CPA, Zeal Research
The bottom line is gold stocks’ Christmas breakout rally looks like a mid-correction head fake. Gold’s own driving downtrend-breakout rally wasn’t fueled by sustainable investment buying. Instead speculators were aggressively piling into gold-futures longs. But since that catapulted those upside bets back up near all-time-record highs, their buying firepower is effectively tapped out. There’s little left to fuel further gold gains.

With investors not materially buying gold and gold-futures speculators no longer able to, odds are gold’s breakout surge is going to fizzle out and roll over. That’s going to unleash serious normalization selling in gold futures that will likely cascade. The resulting gold selloff will certainly yank the rug out from under the surging gold stocks. They face major near-term downside if gold’s shallow and short correction resumes.

news.goldseek.com >> 27 December 2019

Fed’s Fake Stock Markets
By: Adam Hamilton, Zeal Research
The massive stock-market gains mostly came soon after these key Fed decisions. In a year where US corporate earnings shrank and the US-China trade war really intensified, it was epic extreme Fed easing that levitated the stock markets. 2020 will look way different since the Fed is running out of room to keep cutting. Ultimately the Fed-spawned bubble valuations will overpower the Fed’s egregious market distortions.

news.goldseek.com >> 20 December 2019

Gold Stocks Remain Cheap
By: Adam Hamilton, CPA, Zeal Research
The bottom line is gold stocks remain very undervalued relative to gold. They’ve spent most of this bull languishing under stock-panic extremes, which means they still have vast room to mean revert higher. Such low gold-stock prices compared to prevailing gold levels virtually guarantee the miners will enjoy seriously-outsized gains during future gold uplegs. They can way-outperform gold for years before normalizing.

But that longer-term super-bullish fundamental outlook doesn’t negate the need for periodic corrections to rebalance sentiment. The recent one is likely still underway today, as key gold and gold-stock indicators have shown no signs of bottoming yet. That’s wonderful news if you’re looking to deploy capital in this highest-potential sector, as the next big mid-bull buying opportunity before gold’s next upleg is likely still coming.

news.goldseek.com >> 13 December 2019

Beware Gold-Stock Downside
By: Adam Hamilton, CPA, Zeal Research
Ultimately gold stocks are going to follow gold like usual, amplifying its big moves. Gold’s own correction hasn’t run its course either. Speculators’ gold-futures bets remain excessively bullish, leaving room for massive selling to normalize those positions. That will likely force gold and thus its miners’ stocks considerably lower. The resulting real correction bottomings will be the major buying op before gold’s next bull upleg.

news.goldseek.com >> 6 December 2019

Gold Correction Not Over
By: Adam Hamilton, CPA, Zeal Research
The bottom line is gold’s correction isn’t over yet. The only reason its downtrend has proven modest so far is gold-futures speculators have yet to do any major selling. Their longs have lingered at very-high levels since gold’s latest interim high, while their shorts ground along near bull-market lows. That means the lion’s share of the necessary gold-futures selling to drive this correction is still yet to come. Beware!

Gold-futures selling typically starts gradually after major gold uplegs peak, then later eventually cascades into a steeper climax. Residual greed persists for some time after toppings, and gold-futures stop losses usually don’t start tripping en masse until a few months later. Today the specs still have massive room to sell but little room to buy more. This imbalance has to be rectified before gold’s next major upleg starts marching.

news.goldseek.com >> 29 November 2019

Silver Miners’ Q3’19 Fundamentals
By: Adam Hamilton, CPA, Zeal Research
The silver miners are finally enjoying higher prevailing silver prices, a great boon for this sector. Silver surged this past summer after gold’s first new bull-market highs in several years rekindled enthusiasm for precious metals. The long-neglected silver stocks rallied strongly with their metal. Their recently-reported Q3’19 results reveal whether those gains are justified, and how much fundamentals improved on higher silver.

news.goldseek.com >> 22 November 2019

Gold Mid-Tiers’ Q3’19 Fundamentals
By: Adam Hamilton, CPA, Zeal Research
The mid-tier gold miners just reported their results for a phenomenal gold quarter. In Q3’19 this metal surged after its first bull-market breakout in years, driving much-higher prevailing prices. That should’ve led to soaring profits for these mid-tiers in the sweet spot for stock-price upside potential. Last quarter’s results are the most important this sector has seen in a long time, a key fundamental test for gold miners.

Four times a year publicly-traded companies release treasure troves of valuable information in the form of quarterly reports. Required by the US Securities and Exchange Commission, these 10-Qs and 10-Ks contain the best fundamental data available to traders. They dispel all the sentiment distortions inevitably surrounding prevailing stock-price levels, revealing corporations’ underlying hard fundamental realities.

news.goldseek.com >> 15 November 2019

Gold Miners’ Q3’19 Fundamentals
By: Adam Hamilton, Zeal Research
The bottom line is gold majors generally did report outstanding results in Q3 on much-higher prevailing gold prices. Revenues and operating-cash-flow generation soared, but earnings were distorted by many large one-off items. Overall the major gold miners’ implied profitability based on the average gold price and their average all-in sustaining costs blasted higher, which portends far better fundamentals going forward.

But GDX continues to be weighed down by the largest gold miners, which are still seeing rapid production declines even after their insanely-expensive mega-mergers. That leaves smaller mid-tier gold miners with superior fundamentals far more attractive for future upside potential. As gold’s breaking-out secular bull continues powering higher on balance in coming years, the mid-tiers will enjoy the lion’s share of the gains.

news.goldseek.com >> 8 November 2019

Big US Stocks’ Q3’19 Fundamentals
By: Adam Hamilton, CPA, Zeal Research
The bottom line is the big US stocks’ just-reported Q3’19 results certainly don’t justify these record-high stock prices. Revenue growth mostly stalled out last quarter, while earnings declined. That happened with the best stock-market levels ever witnessed, and incredibly-extreme Fed easing. Stock prices were stretched so far beyond underlying earnings that elite American companies are trading near bubble valuations.

This is a precarious situation at best, and dangerous at worst. The hyper-easy Fed is running low on stock-market-goosing ammunition, with only 6 rate cuts left between here and zero. Can these lofty, expensive stock markets keep levitating without the Fed? Probably not with corporate fundamentals deteriorating even when everything is awesome. A valuation mean reversion lower, or bear market, is coming.

news.goldseek.com >> 1 November 2019

Gold Stocks’ Winter Rally 4
By: Adam Hamilton, CPA, Zeal Research
The bottom line is gold stocks are just entering their seasonally-strongest period of the year. Their big winter rally is fueled by gold’s own, which is driven first by outsized demand from holiday jewelry buying and later new-year investment buying. So both the metal and its miners’ stocks have strong tendencies to rally between late October to late February in bull-market years. It’s the best calendar span to own gold stocks!

This year’s dawning winter rally has great upside potential despite the big recent surges in gold and its miners’ stocks. Gold’s decisive bull-market breakout left traders way more excited about this sector than they’ve been in years. The resulting bullish new-high psychology should feed on itself leading to growing capital inflows. Gold stocks still have a long way up to go to normalize relative to higher prevailing gold prices.

news.goldseek.com >> 25 October 2019

Why Gold Has Stalled
By: Adam Hamilton, CPA, Zeal Research
Speculators’ collective gold-futures bets can stay extreme for some time, but sooner or later a catalyst hits forcing them to start normalizing. The radical leverage inherent in that market makes selloffs self-feeding. Gold, silver, and the stocks of their miners are going to remain precarious with serious downside risks until that necessary gold-futures selling comes to pass. Jumping the gun on buying will be punished.

news.goldseek.com >> 18 October 2019

Gold Miners’ Profits to Soar
By: Adam Hamilton, CPA, Zeal Research
The bottom line is gold miners’ earnings are likely to soar in their imminent Q3’19 earnings season. Q3s traditionally see big sequential production surges, driving better profits. Mining costs are likely to contract on that, or remain flat at worst. This combined with much-higher prevailing gold prices after gold’s bull-breakout surge will supercharge gold-mining profits growth. That will greatly improve gold stocks’ image.

Speculators and investors alike will take notice of this sector’s best earnings reported in years. They will be much more willing to deploy capital in this small contrarian sector as this gold bull’s future uplegs march higher. Far-better gold-mining fundamentals will justify far-higher gold-stock prices in the coming years. Higher prevailing gold prices work wonders for the gold miners, as their Q3 earnings will prove yet again.

news.goldseek.com >> 11 October 2019

Gold Demand Fragile
By: Adam Hamilton, Zeal Research
The bottom line is recent months’ strong gold investment demand is fragile. Those inflows from American stock investors have been conditional, totally dependent on gold’s upside momentum. Their differential GLD-share buying has stopped whenever gold’s advance stalled or flagged. With the US stock markets way up near all-time-record highs, there’s little perceived need for portfolio diversification driving durable demand.

So as this latest strong gold upleg inevitably rolls over into a healthy bull-market correction, investment selling is going to exacerbate gold’s downside. When gold’s gains turn to losses, momentum-chasing investors won’t hesitate to flee. Their selling and speculators’ gold-futures selling will reinforce and amplify each other. A major gold correction will crush gold stocks, but create great buying opportunities in its wake.

news.goldseek.com >> 4 October 2019

Gold-Stock Correction Underway
By: Adam Hamilton, Zeal Research
The bottom line is a gold-stock correction is underway. The major gold miners have been grinding lower and sideways for a month now, after becoming very overbought technically. That major warning sign of upleg toppings was accompanied by exuberant popular sentiment. On top of that, speculators’ gold-futures positioning was and is again excessively bullish, signaling major gold selling is inevitable soon.

Corrections should be embraced, not dreaded. They are normal and healthy in bull markets, existing to bleed off excessive greed and restore sentiment balance. These selloffs offer the best opportunities to buy relatively low within ongoing bulls. Traders need to watch for them, prepare for them with stops, and hold off on redeploying stopped capital until they’ve run their courses. Then jump back in to ride the next upleg!

news.goldseek.com >> 27 September 2019

Gold-Stock Red October
By: Adam Hamilton, Zeal Research
The bottom line is gold stocks’ setup leading into their October seasonal plunge is quite bearish this year. They recently enjoyed a major upleg, which left this sector very overbought technically and laden with greedy enthusiasm. That makes a healthy rebalancing correction necessary. Gold stocks have avoided that so far, generally consolidating high. But very-weak seasonals will add to mounting downside pressure.

When gold itself rolls over, it will drag the gold stocks with it. It has been very overbought heading into its own seasonal drop between its autumn and winter rallies. And with gold-futures speculators’ bets remaining excessively bullish, they have little capital firepower left to buy more but vast room to sell. That selling will ignite and likely snowball on the right catalyst, like positive US-China trade-war talk or Fed hawkishness.

news.goldseek.com >> 20 September 2019

Fed’s Gold-Bull Impact
By: Adam Hamilton, Zeal Research
The bottom line is Fed actions have really impacted this gold bull, and will continue to do so. This isn’t from the rate hikes or cuts themselves, which are well-telegraphed and universally expected in advance. Markets move based on changes implied in the outlook for the future rate trajectory. That can spawn big buying and selling in gold futures, leading to large and fast gold-price moves following FOMC decisions.

These rate-outlook shifts usually come in Fed officials’ collective forecasts summarized in the dot plots, but are sometimes seen in the Fed chairman’s press conferences. Gold tends to surge if the Fed looks more dovish than expected, and sell off if it comes across as more hawkish. This is due to the reactions from the gold-price-dominating gold-futures speculators. Their positioning also impacts how they react to the FOMC.

news.goldseek.com >> 13 September 2019

Gold-Futures-Selling Overhang
By: Adam Hamilton, Zeal Research
The bottom line is gold stalled and reversed hard because speculators’ leveraged gold-futures bets had grown too excessively bullish. Their longs were way up just under all-time-record highs, and their shorts were way down just over bull-market lows. These gold-dominating traders were effectively all-in longs and all-out shorts, leaving them little room to keep buying but vast room to sell on the right catalyst hitting.

Such gold-futures-selling overhangs resulting from specs waxing too bullish need to be normalized before gold bulls can resume. That only happens through heavy selling, both jettisoning exaggerated longs and ramping up meager shorts. This forces gold into major corrections, which are both necessary and healthy between major bull-market uplegs. They lead to the best buying opportunities seen within ongoing bulls.

news.goldseek.com >> 6 September 2019

Gold Stocks Very Overbought
By: Adam Hamilton, Zeal Research
The bottom line is gold stocks are very overbought. The powerful counter-seasonal rally in recent months catapulted gold-stock benchmarks far beyond their 200-day moving averages. Such stretched technicals coupled with very-bullish popular sentiment are a warning this recent upleg is maturing. It is likely to roll over into a healthy correction soon to restore balance, driven by gold-futures selling from spec extremes.

All bull markets flow and ebb, with big uplegs followed by major corrections. Fighting the latter is utterly pointless. Ride the bull-market waves rather than drowning in them. Buy relatively low near the troughs, then sell relatively high near the crests. That means buying when everyone else is scared, before selling when everyone else is greedy. After enjoying a great and very-profitable upleg, we can cash out for the next one.

news.goldseek.com >> 30 August 2019

Silver Miners’ Q2’19 Fundamentals
By: Adam Hamilton, CPA, Zeal Research
The battered silver miners’ stocks surged in recent months, staging a strong rebound rally. That overdue turnaround was fueled by silver mean reverting higher on improving sentiment after gold’s decisive bull-market breakout. But silver miners still had a challenging Q2, as most of silver’s gains came after last quarter ended. They continued diversifying into gold to help weather silver’s endlessly-languishing low prices.

news.goldseek.com >> 23 August 2019

Gold Mid-Tiers’ Q2’19 Fundamentals
By: Adam Hamilton, Zeal Research
The bottom line is the mid-tier gold miners are thriving fundamentally. Their Q2 results were good, even before gold’s powerful bull-market breakout. They are growing production while holding the line on costs. That means their earnings will soar as gold powers higher on balance in its resurgent bull market. That will support much-higher gold-stock prices in the future, and attract traders back to this long-neglected sector.

Gold’s bull market will flow and ebb as always, so gold-stock positions should be accumulated relatively low in post-selloff troughs. There’s no need to buy high at crests when everyone is excited. But you have to prepare in advance, monitoring the markets and researching the gold miners to be ready to pounce at opportune times. Capital allocations should be focused on mid-tier gold miners with superior fundamentals.

news.goldseek.com >> 16 August 2019

Gold Miners’ Q2’19 Fundamentals
By: Adam Hamilton, CPA, Zeal Research
The bottom line is the major gold miners’ just-reported Q2’19 earnings season was solid. Gold didn’t take off until late June, so they hadn’t yet materially benefitted from its breakout surge. With the recent mega-mergers finally settling out, gold stocks saw slightly-lower production at materially-higher costs. That hit accounting profits, but operating-cash-flow generation was strong. Higher gold will greatly improve Q3 results.

That being said, the major gold miners are still struggling to grow their production. The mega-mergers will help mask that for one year, but the intractable underlying problem persists. That leaves smaller mid-tier gold miners with superior fundamentals much more attractive for future upside potential. That is where investors should focus their capital allocations to gold stocks, which should approach 10% in all portfolios.

news.goldseek.com >> 9 August 2019

Big US Stocks’ Q2’19 Fundamentals
By: Adam Hamilton, CPA, Zeal Research
The bottom line is big US stocks’ latest fundamentals from Q2’19’s earnings season were decent. These elite companies enjoyed modest sales and earnings growth. But that masked serious and mounting risks. Investment capital is increasingly concentrating in the beloved mega-cap technology stocks, leaving stock markets overly dependent on their fortunes. Any slowing from them will drag the entire stock markets lower.

More ominously big US stocks’ valuations remain way up near dangerous bubble territory. Their earnings aren’t justifying their lofty stock prices. The resulting downside risks are exacerbated with profits growth really slowing, and threatening to stall out entirely or even shrink in coming quarters. This is a potently-bearish situation, even before any bad news like further escalation in the US-China trade war hits stocks.

news.goldseek.com >> 2 August 2019

Gold Stocks’ Autumn Rally 4
By: Adam Hamilton, CPA, Zeal Research
This year’s autumn-rally setup is well on the bearish side with gold-futures speculators effectively all-in long upside bets and all-out short downside bets. Their buying firepower is nearing exhaustion, leaving vast room to sell and hammer gold and thus gold stocks lower. That remains a serious risk if the right catalyst arises to ignite cascading selling. But the power of new-high psychology to attract investors is strong.

Investment capital inflows can drive gold higher for many months or even years, regardless of what gold-futures speculators are doing. The higher gold rallies, the more investors want to own it. The more they buy, the higher gold climbs. Buying begets buying, and nothing fuels this virtuous circle like new secular highs. So while we need to remain wary entering the autumn rally relatively high, it could certainly still happen.

news.goldseek.com >> 26 July 2019

Silver Outperforming Gold 2
By: Adam Hamilton, CPA
Silver has blasted higher in the last couple weeks, far outperforming gold. This is certainly noteworthy, as silver has stunk up the precious-metals joint for years. This deeply-out-of-favor metal may be embarking on a sea-change sentiment shift, finally returning to amplifying gold’s upside. Silver is not only radically undervalued relative to gold, but investors are aggressively buying. Silver’s upside potential is massive.

Silver’s performance in recent years has been brutally bad, repelling all but the most fanatical contrarians. Historically silver prices have been mostly driven by gold, with the white metal amplifying moves in the yellow metal. Silver has generally leveraged gold by at least 2x in the past. And rarely silver skyrockets as higher prices and bullish sentiment feed on themselves in powerful virtuous circles fueling huge gains.

news.goldseek.com >> 19 July 2019

Gold Miners’ Q2’19 Preview
By: Adam Hamilton, CPA, Zeal Research
The bottom line is the gold miners’ just-starting Q2’19 earnings season should prove impressive. That’s no thanks to gold, as its awesome bull-market breakout came too late last quarter to push its average price significantly higher. But the gold miners are still likely to collectively report sharply-higher Q2 output, which is normal after Q1’s deep production slump. That will also naturally lead to proportionally-lower costs.

Growing production combined with lower costs at slightly-higher gold prices should yield big profits growth for the gold miners. Their Q2 results will be more closely watched and better received since psychology is shifting much more bullish in this sector. That should fuel big gold-stock buying as long as gold holds up. The yellow metal has proven resilient so far, but faces an ominous overhang of gold-futures selling pressure.

news.goldseek.com >> 12 July 2019

Gold Selloff Risk High
By: Adam Hamilton, Zeal Research
The bottom line is gold is at high risk for a major selloff today. Speculators’ gold-futures positioning has grown excessively-bullish, leaving their buying firepower largely exhausted. That leaves vast room for big selling to snowball on the right catalyst. This bull’s prior episodes where specs had similar really-high longs and really-low shorts heralded major gold corrections. Extreme bets must eventually be normalized.

Such corrections are normal and healthy within ongoing bull markets, rebalancing sentiment to ensure longer lives with greater ultimate gains. These corrections should be embraced, as they yield the very best opportunities to buy relatively low within powerful bulls. Gold’s current bull is likely to run for years yet, so gird yourself for a major selloff and be ready to buy back in aggressively once it has largely run its course.

news.goldseek.com >> 5 July 2019

Gold Summer Doldrums?
By: Adam Hamilton, Zeal Research
The bottom line is gold, silver, and their miners’ stocks usually drift listlessly during market summers. As investors shift their focus from markets to vacations, capital inflows wane. Junes and Julies in particular are simply devoid of the big recurring gold-investment-demand surges seen during much of the rest of the year, leaving them weak. Investors need to expect lackluster sideways action on balance this time of year.

This summer has proven an epic exception, with gold rocketing to its first major bull-market breakout in years! That has catapulted both the metal and its miners’ stocks to their best early-summer performances in gold’s modern bull-market years. But the summer doldrums could still reassert themselves as specs’ excessively-bullish gold-futures bets are bled off. So enjoy these big anomalous gains, but remain wary.

news.goldseek.com >> 28 June 2019

Gold-Stock Decisive Breakout!
By: Adam Hamilton, Zeal Research
The bottom line is gold stocks have joined gold with their own decisive breakout! GDX finally burst back above its long-oppressing $25 upper-resistance line this week. These multi-year highs are a game changer for gold stocks, ushering back long-absent bullish psychology enticing traders to return. They’ve been gone for so long that this entire gold-mining sector is deeply undervalued relative to prevailing gold prices.

That portends huge upside potential as gold and its miners’ stocks return to the limelight on their major breakouts. Traders love chasing winners to ride their upside momentum, and buying begets buying. Of course gold-stock uplegs don’t power higher in straight lines, periodic selloffs to rebalance sentiment are normal and healthy. So any material gold-stock weakness should be used to accumulate sizable positions.

news.goldseek.com >> 21 June 2019

Gold Bull Breaking Out!
By: Adam Hamilton, CPA, Zeal Research
Gold finally surged to new bull-market highs this week! Several years after its last bull high, gold punched through vexing resistance after the Fed continued capitulating on ever normalizing. This huge milestone changes everything for gold and its miners’ stocks, unleashing new-high psychology fueling self-feeding buying. With speculators not yet all-in and investors wildly underdeployed, gold has room to power much higher.

news.goldseek.com >> 14 June 2019

Gold-Stock Upleg Mounting
By: Adam Hamilton, CPA, Zeal Research
The bottom line is this gold-stock upleg is mounting. Despite weak early-summer seasonals, the gold miners’ stocks are rallying with gold and nearing a major breakout above GDX $25. Seeing the best gold-stock prices in several years will really motivate traders to return, fueling a virtuous circle of capital inflows and gains. Gold-stock technicals, sentiment, and fundamentals all support much-higher prices ahead.

Gold’s own inexorably-nearing major bull-market breakout will really light a fire under gold stocks. The higher gold climbs, the more investors and speculators will want to own it and its miners. While summer may force a consolidation, softening stock markets could easily overcome gold’s weak seasonals. The potential gold-stock gains as gold returns to favor are massive, so it’s important to get deployed early.

news.goldseek.com >> 7 June 2019

Gold Surges Near Breakout
By: Adam Hamilton, CPA, Zeal Research
The bottom line is gold just surged near a major bull-market breakout. The $1350 resistance zone that has vexed gold for years is once again within easy range. All it will take to drive gold to new bull highs over $1365 is sustained investment buying. And that’s not a tall order with the stock markets starting to roll over again after record highs. GLD just enjoyed its biggest daily build in several years this Monday.

Once gold gets to new bull-market highs, psychology will shift rapidly in its favor. Gold financial-media coverage will soar, and will be overwhelmingly positive. This will motivate investors and speculators alike to shift capital back into gold to chase its upside momentum. The potential gold and gold-stock gains with sentiment turning favorable are massive. It’s best to get deployed before gold’s breakout unleashes this.

news.goldseek.com >> 24 May 2019

Gold Mid-Tiers’ Q1’19 Fundamentals
By: Adam Hamilton, Zeal Research
The mid-tier gold miners’ stocks in the sweet spot for price-appreciation potential have been struggling in recent months, grinding lower with gold. Their strong early-year momentum has been sapped by recent stock-market euphoria. But gold-mining stocks are more important than ever for prudently diversifying portfolios. The mid-tiers’ recently-reported Q1’19 results reveal their fundamentals remain sound and bullish.

news.goldseek.com >> 17 May 2019

Gold Miners’ Q1’19 Fundamentals
By: Adam Hamilton, CPA, Zeal Research
The bottom line is the major gold miners performed pretty well last quarter. Their production held steady despite lower prevailing gold prices and inexorable depletion. That led to flat costs right in line with prior years’ average levels. That leaves gold-mining earnings positioned to soar higher in future quarters as gold continues slowly grinding higher on balance. Another major stock-market selloff will accelerate that trend.

Stock investors are making a serious mistake ignoring gold and its miners’ stocks. The bearish sentiment plaguing this sector today is irrational given miners’ solid fundamentals. Diversifying is best done before it is necessary, buying low with gold-stock prices so beaten-down. This is the only sector likely to rally fast amplifying gold’s upside when stock markets inevitably swoon again. Don’t overlook the great opportunity here!

news.goldseek.com >> 10 May 2019

Big US Stocks’ Q1’19 Fundamentals
By: Adam Hamilton, CPA, Zeal Research
Trump had twice delayed hiking US tariffs on Chinese imports from 10% to 25%, a good-faith sign giving time for real trade-deal negotiations. But his patience ran out this past Sunday after China backtracked on key previous commitments. So Trump tweeted the current 10% US tariffs on $200b of annual Chinese imports would surge to 25% today, and warned that 25% tariffs were coming “shortly” on another $325b!

China will retaliate as long as high US tariffs remain in effect. That will really retard US sales from top-34 SPX companies in that country. Beloved market-darling Apple is a great example. This second-biggest stock in the S&P 500 did $10.2b or 17.6% of its Q1’19 sales in China! The US-China trade war heating up in a serious way portends even-weaker revenues going forward for the big US stocks dominating the SPX.

news.goldseek.com >> 3 May 2019

Dangerous Stock Markets
By: Adam Hamilton, Zeal Research
The bottom line is these stock markets are very dangerous. A monster bull has been topping over the past year-and-quarter, leading to extreme technicals, sentiment, and valuations. Traders’ euphoria and complacency have been running at bull-slaying levels, while valuations remain way up near perilous bubble territory. All this is happening as corporate profits flatline after surging dramatically on the corporate tax cuts.

Like after every past waterfall decline, the stock markets are due to roll over and retest their deep late-December lows. Odds are they will fail, confirming a major new bear market. And the Fed doesn’t have much dovish ammunition left to retard the heavy selling. Gold investment demand will surge as stocks finally face their reckoning after this artificially-amplified bull. That will push gold and its miners’ stocks far higher.

news.goldseek.com >> 26 April 2019

Near-Record Gold Shorting
By: Adam Hamilton, Zeal Research
Gold has failed to gain traction over the past couple months, normally a seasonally-strong time. That has really weighed on sentiment, leaving traders increasingly bearish. Gold investment demand has flagged dramatically with lofty stock markets spewing great euphoria. That’s given gold-futures speculators the run of the market, where they have sold aggressively including extreme shorting. But that’s actually very bullish.

Gold price action is driven by the collective trading of both investors and speculators. The former control vast amounts of capital, which dominates gold prices when it is migrating in or out. But investors’ interest in gold withers when stock markets are super-high. When stocks seemingly do nothing but rally, there’s no perceived need to prudently diversify stock-heavy portfolios with counter-moving gold. It falls out of favor.

news.goldseek.com >> 12 April 2019

Gold-Bull Breakout Potential
By: Adam Hamilton, Zeal Research
The bottom line is this gold bull now has the highest major-upside-breakout potential of its entire lifespan. This latest gold upleg fueled by gold-futures buying hasn’t matured yet, as speculators’ long positioning remains quite low. For the first time in this bull, gold is already consolidating high around $1300 before most of the likely gold-futures long buying has run its course. That makes an assault on $1350 very likely.

If gold can break decisively above that multi-year resistance and start forging new bull-market highs, its psychology will greatly improve. Investors will take notice and start buying again, driving gold higher and fueling mounting bullishness. The gold miners’ stocks will be the biggest beneficiaries of new bull-market gold highs. Their stocks soared the last time investors were excited about this gold bull, rapidly multiplying wealth.

news.goldseek.com >> 5 April 2019

Gold Stocks Still Marching
By: Adam Hamilton, CPA, Zeal Research
The bottom line is gold stocks are still marching higher despite the pall of apathy hanging over them. This upleg that excited traders back in February remains intact, with this sector simply pulling back within its uptrend. That has rebalanced sentiment, bleeding away greed. This basing has left gold stocks ready to rally to new upleg highs again, fueled by better gold prices greatly improving gold-mining fundamentals.

Gold-mining earnings are set to surge quarter-on-quarter due to gold’s own upleg powering higher. It too is on the verge of accelerating again as buyers return. A weaker US dollar and rolling-over stock markets will motivate speculators and investors to buy gold again. And naturally the gold miners’ stocks will really leverage those gains like usual. Especially this time of year in the midst of their strong spring-rally season.

news.goldseek.com >> 29 March 2019

Silver Miners’ Q4’18 Fundamentals
By: Adam Hamilton, Zeal Research
The bottom line is the major silver miners are struggling. With silver falling to nearly a quarter-century low relative to gold in Q4, the miners’ results were naturally weak. Mining costs surged as production kept waning, reflecting the ongoing trend of major silver miners increasingly diversifying into gold. But silver-mining profits are still primed to explode higher as silver continues climbing in its young upleg with gold.

There aren’t enough major primary silver miners left to flesh out their own ETF, which is probably why SIL is dominated by gold miners. While it will rally with silver amplifying its gains, SIL’s upside potential is just dwarfed by the remaining purer silver stocks. Investors will be far-better rewarded buying them instead of settling for a watered-down silver-miners ETF. Their stocks will really surge as silver continues recovering.

news.goldseek.com >> 22 March 2019

Gold Mid-Tiers’ Q4’18 Fundamentals
By: Adam Hamilton, Zeal Research
The bottom line is the mid-tier gold miners are thriving fundamentally. They are still rapidly growing their production while majors suffer sharp output declines. The mid-tiers are holding the line on costs, which portends strong leveraged profits growth as gold continues grinding higher on balance. The performance gap between the smaller mid-tier and junior gold miners and larger major ones is big and still mounting.

Investors and speculators really need to pay attention to this intra-sector disconnect. Gold and its miners’ stocks should power far higher in coming years as the lofty general stock markets roll over. But the vast majority of the gains will be concentrated in growing gold miners, not shrinking ones. This means the mid-tier and junior gold miners will far outperform the majors. The smaller miners have superior fundamentals.

news.goldseek.com >> 15 March 2019

Gold Miners’ Q4’18 Fundamentals
By: Adam Hamilton, CPA, Zeal Research
The bottom line is the major gold miners are still struggling fundamentally. Their production shrinkage is accelerating, pushing costs proportionally higher. That led to weaker sales and operating cash flows in Q4. And accounting profits cratered into a dark abyss on enormous and suspicious impairment charges by big gold miners involved in mega-mergers. These poor results are retarding GDX’s upside potential.

But smaller mid-tier and junior gold miners with superior fundamentals are bucking this trend to enjoy big stock-price gains. They are still able to grow production off way-smaller bases, boosting their earnings and attracting investment capital. They will continue amplifying gold’s uplegs, multiplying wealth for their contrarian investors. Gold-stock upside potential remains huge outside of the increasingly-problematic majors.

news.goldseek.com >> 8 March 2019

Big US Stocks' Q4'18 Fundamentals
By: Adam Hamilton, Zeal Research
The bottom line is big US stocks’ Q4’18 results looked impressive on the surface. Good annual growth in sales, operating cash flows, and even earnings excluding Berkshire’s huge mark-to-market losses appeared to buck Q4’s major stock-market selloff. But these growth rates all suffered sharp decelerations from those seen in preceding quarters, suggesting a slowdown is underway. That’s a real problem for stock markets.

Valuations remain dangerously high, deep into bubble territory at the end of Q4. And even after the Q4 earnings were included by late February, near-bubble valuations persisted. That means the likely bear has barely started its stock-price-mauling work to mean revert expensive valuations. On top of that, 2018’s anomalous corporate-tax-cut-transition growth rates are history. All this will continue to pressure stock prices.

news.goldseek.com >> 1 March 2019

Gold Stocks’ Spring Rally 4
By: Adam Hamilton, CPA, Zeal Research
The bottom line is gold stocks often experience a strong spring rally seasonally. This is driven by gold’s own seasonality, where outsized investment demand arises at certain times during the calendar year. Gold usually enjoys a solid spring rally likely driven by the universal optimism this season brings. And since gold drives gold miners’ profitability, their stock prices naturally follow it higher while amplifying its gains.

This year’s coming spring rally is due to start in mid-March, with great potential to grow much larger than normal. Gold-stock sentiment is slowly improving as this sector’s current upleg continues grinding higher on balance. And higher gold prices driven by renewed investment demand on stock-market-selloff fears is really boosting gold-mining earnings. All this with strong seasonal tailwinds should fuel an outsized spring rally.

news.goldseek.com >> 22 February 2019

Gold Stocks Surge Higher
By: Adam Hamilton, CPA, Zeal Research
The best gains in today’s mounting gold-stock upleg are likely still yet to come. While you can play it in GDX, the major gold miners dominating this ETF are really struggling to grow their production. And that problem is even worse in the newly-merged super-majors, further retarding GDX’s performance. So the best gains will be won in smaller gold miners with superior fundamentals that are still expanding their outputs.

The earlier you get deployed, the greater your gains will be. That’s why the trading books in our popular weekly and monthly newsletters are currently full of better gold and silver miners mostly added in recent months. The gains we won in 2016 were amazing the last time American stock investors returned to gold. Our newsletter stock trades that year averaged +111.0% and +89.7% annualized realized gains respectively!

news.goldseek.com >> 15 February 2019

Gold-Stock Mega-Mergers Bad
By: Adam Hamilton, CPA, Zeal Research
The bottom line is gold-stock mega-mergers are bad news for everyone in this sector. Combining major gold miners already struggling with slowing production doesn’t solve the problem, but only masks it for a single year. The resulting super-majors’ massive market capitalizations saddle their share prices with big inertia. They are going to require much-larger capital inflows to rally materially, really retarding their upside.

Their higher weightings within sector ETFs will lead to worse perceived sector performance, delaying the necessary sentiment shift from bearish back to bullish. And the super-majors will suck up more of the capital allocated to gold-stock ETFs, starving smaller and more-worthy gold miners of buying. Thankfully some of these problems can be avoided by shunning Newmont and Barrick, and sticking with great mid-tier miners.

news.goldseek.com >> 8 February 2019

Gold Stocks Gather Steam
By: Adam Hamilton, Zeal Research
The bottom line is this young gold-stock upleg is really gathering steam. Technically it has rallied higher on balance for months now in a strong uptrend, carving higher lows and higher highs. GDX has broken out above three major resistance lines, and just flashed a key Golden Cross buy signal! All this has really started to shift sentiment back to bullish, which will attract in lots more capital to chase the momentum.

And these mounting gold-stock gains are fundamentally justified by gold’s own growing upleg. Gold-stock earnings amplify underlying gains in gold, making big stock-price surges righteous. Now is the time to get deployed relatively low, before most traders figure this out and start piling in. The evidence suggests a major gold-stock upleg is underway and mounting, and they tend to average gains far bigger than today’s.

news.goldseek.com >> 1 February 2019

Silver Outperforming Gold
By: Adam Hamilton, CPA, Zeal Research
Silver recently started outperforming gold again, a watershed event. For long years this white metal has mostly lagged the yellow one, relentlessly battering silver sentiment. But gold surging into year-end 2018 finally sparked some life into moribund silver. This is a bullish sign, as silver has soared in the past once rising prices reach critical mass in attracting new investment capital. Silver looks to be nearing that point again.

Despite a good finish, 2018 was a rough year for silver. Its price slumped 8.6%, way worse than gold’s -1.6% performance. And that still masks miserable intra-year action. At worst in mid-November, silver had plunged 17.3% year-to-date. That was 2.2x gold’s comparable loss, and at $13.99 silver languished at a major 2.8-year low. A soul-crushing 96% of its early-2016 bull market had been reversed and lost!

news.goldseek.com >> 25 January 2019

Gold-Stock Upleg Pauses
By: Adam Hamilton, CPA
The gold miners’ stocks have slumped in January, tilting sentiment back to bearish. This sector’s strong December upward momentum was checked by gold’s own upleg stalling out. Gold investment demand growth slowed on the blistering stock-market rally. But uplegs always flow and ebb, and this young gold-stock upleg merely paused. The gold miners’ gains will likely resume soon, rekindling bullish psychology.

news.goldseek.com >> 19 January 2019

Gold Stocks Wavering
By: Adam Hamilton, Zeal Research
The bottom line is gold stocks have been wavering in a high consolidation only because gold has mostly done the same. The gold miners can’t break out to the upside without sustained higher gold prices. But that’s really unlikely given speculators’ record excessively-bullish bets and investors continuing to sell on balance despite gold’s recent geopolitical spike. That investment selling will likely trigger big gold-futures selling.

That would force the gold stocks to roll over into a real correction, breaking down to the downside. That’s normal after major uplegs in this gold bull, rebalancing sentiment way more quickly than drifting sideways can. Gold-stock traders must remain wary until speculators’ extreme gold-futures positioning finally gets normalized through big selling. That will usher in the buy-low opportunities before gold’s next major upleg.

news.goldseek.com >> 18 January 2019

Gold Surges on Stock Selloff
By: Adam Hamilton, CPA
Gold investment demand reversed sharply higher in recent months, fueling a strong gold rally. The big stock-market selloff rekindled interest in prudently diversifying stock-heavy portfolios with counter-moving gold. These mounting investment-capital inflows into gold are likely to persist and intensify. Both weaker stock markets and higher gold prices will continue to drive more investment demand, growing gold’s upleg.

news.goldseek.com >> 11 January 2019

GDXJ Upside Bests GDX
By: Adam Hamilton, Zeal LLC
Gold miners’ exchange-traded funds are surging with gold powering higher. These mounting gains are naturally fueling growing interest in the leading gold-stock investment vehicles. Traders looking to deploy capital are wondering which major gold-stock ETF is superior, offering the best balance between upside potential, component fundamentals, and risks. GDXJ takes the crown, besting its larger big brother GDX.

By my count, there are currently 14 gold miners ETFs trading in US markets. But that’s not authoritative, as the broader ETF industry is constantly in flux. These gold-stock ETFs collectively held $17.5b in net assets as of the middle of this week. And two major ETFs utterly dominated, commanding fully 85.1% of all those gold-stock investments!

news.goldseek.com >> 4 January 2019

Gold-Stock Upleg Breaking Out
By: Adam Hamilton, CPA
The gold stocks’ young upleg is really growing, on a trajectory to become major. This contrarian sector is breaking out to the upside on multiple fronts technically, which is really improving sentiment. Traders’ extreme bearishness of late summer has mostly abated, with bullish shoots taking root. Fundamentals certainly justify the mounting gold-stock buying, with earnings set to surge on higher gold prices in coming quarters.

news.goldseek.com >> 28 December 2018

Beware the Young Bear!
By: Adam Hamilton, CPA
Stock markets are forever cyclical, an endless series of alternating bulls and bears. And after one of the greatest bulls in US history, odds are a young bear is now gathering steam. It is being fueled by record Fed tightening, bubble valuations, trade wars, and mounting political turmoil. Bears are dangerous events driving catastrophic losses for buy-and-hold investors. Different strategies are necessary to thrive in them.

news.goldseek.com >> 21 December 2018

Fed Gooses Gold, Miners
By: Adam Hamilton, CPA
The dovish Federal Reserve lit a fire under gold and its miners’ stocks this week. As universally expected the FOMC hiked rates for the 9th time in this cycle. But it also lowered its 2019 rate-hike outlook bowing to the stock-market selloff. Traders dumped gold initially thinking that wasn’t dovish enough. But market reactions to the FOMC form over a couple days, and gold surged overnight. Its post-Fed rally has great potential.

news.goldseek.com >> 14 December 2018

Gold-Stock Triple Breakout
By: Adam Hamilton, CPA
The beleaguered gold stocks are recovering from their late-summer capitulation, enjoying a solid young upleg as investors gradually return. Their buying has pushed the leading gold-stock ETF near a major triple breakout technically. That event should really boost capital inflows into this sector, accelerating the rally. A major gold and gold-stock buying catalyst is likely imminent too, a more-dovish Fed next week.

news.goldseek.com >> 7 December 2018

Stock Selloff Boosting Gold
By: Adam Hamilton, CPA
The recent stock-market selloff is persisting, fueling mounting worries among investors. The intensifying volatility and lack of a quick rebound higher is strangling euphoric sentiment, spawning self-reinforcing selling pressure. Scoffed at a few months ago, the notions that a young bear market is underway and a recession looms are gaining traction. The great beneficiary of this ominous stock-market downturn will be gold.

news.goldseek.com >> 30 November 2018

Gold Juniors’ Q3’18 Fundamentals
By: Adam Hamilton, CPA
The junior gold miners’ stocks have spent recent months mostly languishing near major multi-year lows. That spawned a sentiment wasteland riddled by bearishness and bereft of bids. But these companies’ battered stock prices aren’t fundamentally righteous, as proven yet again by their latest earnings season. Faring far better in a challenging third quarter than stock prices imply, they need to mean revert way higher.

news.goldseek.com >> 23 November 2018

Silver Miners’ Q3’18 Fundamentals
By: Adam Hamilton, CPA
The major silver miners’ stocks have been largely abandoned this year, spiraling to brutal multi-year lows. Such miserable technicals have exacerbated the extreme bearishness plaguing this tiny contrarian sector. While profitable silver mining is challenging at today’s exceedingly-low silver prices, these miners are chugging along. Their recently-reported Q3’18 results show their earnings are ready to soar as silver recovers.

news.goldseek.com >> 16 November 2018

Gold Miners’ Q3’18 Fundamentals
By: Adam Hamilton, CPA
The major gold miners’ stocks remain mired in universal bearishness, largely left for dead. They are just wrapping up their third-quarter earnings season, which proved challenging. Lower gold prices cut deeply into cash flows and profits, and production-growth struggles persisted. But these elite companies did hold the line on costs, portending soaring earnings as gold recovers. Their absurdly-cheap stock prices aren’t justified.

news.goldseek.com >> 9 November 2018

Big US Stocks’ Q3’18 Fundamentals
By: Adam Hamilton, CPA
The widely-held mega-cap stocks that dominate the US markets are just wrapping up another blockbuster earnings season. Sales and profits soared largely due to Republicans’ massive corporate tax cuts. Still these lofty stock markets are vulnerable to serious downside, as October’s brutal plunge proved. Such extreme revenue and earnings growth cannot persist, and valuations remain in dangerous bubble territory.

news.goldseek.com >> 2 November 2018

Gold Stocks’ Winter Rally 3
By: Adam Hamilton, CPA
The gold miners’ stocks suffered a rough late summer this year. A rare forced capitulation walloped them to deep new lows, short-circuiting their usual autumn rally. That’s left this sector anomalously low as the subsequent winter rally gets underway, gold stocks’ strongest seasonal surge of the year. Starting from beaten-down levels after skipping the prior seasonal rally gives gold stocks exceptionally-bullish upside potential.

news.goldseek.com >> 26 October 2018

Gold Upleg Fuel Abounds
By: Adam Hamilton, CPA
Gold and its miners’ stocks have proven rare bastions of strength during recent weeks’ market carnage. They are powering considerably higher while nearly everything else burns. The markets’ major sentiment shift is accelerating a young gold upleg, which ought to grow much larger as speculators and investors continue returning. Their collective gold positioning remains very low, making for abundant gold upleg fuel.

news.goldseek.com >> 19 October 2018

Gold-Stock Sentiment Shifting
By: Adam Hamilton, CPA
The gold miners’ stocks have been largely ignored and neglected for years. Speculators and investors wanted little to do with them for various reasons. But that apathetic sentiment is finally starting to shift thanks to last week’s stock-market plunge. Capital is starting to return to this battered sector as traders begin to realize how radically undervalued it is. Sentiment mean reversions can catapult gold stocks far higher.

news.goldseek.com >> 12 October 2018

Stocks’ Last Cheap Sector
By: Adam Hamilton, CPA
The lofty stock markets suffered a sharp selloff this week that may prove a major inflection point. There was one lone sector that bucked the heavy selling to surge in the carnage, the gold miners’ stocks. They are the last cheap sector in these bubble-valued stock markets, long overlooked and neglected. Wildly undervalued today, the gold stocks have great potential to soar dramatically even if stock markets keep weakening.

news.goldseek.com >> 5 October 2018

Gold Stocks Recovering 2
By: Adam Hamilton, CPA
The battered gold miners’ stocks are finally starting to recover after a rough few months. Their prices slid with gold in July, plummeted in a brutal forced capitulation in August, and then dropped again in an echo capitulation into mid-September. That left them at fundamentally-absurd price levels wildly disconnected from their actual profitability, leaving this sector with big mean-reversion upside ahead as it bounces back.

news.goldseek.com >> 28 September 2018

Fed QT is Bull’s Death Knell
By: Adam Hamilton, CPA
The Federal Reserve’s unprecedented quantitative-tightening campaign is finally ramping to its full-steam speed in Q4. That will destroy $50b per month of quantitative-easing money created out of thin air! QT will need to maintain this terminal pace for over two years to meaningfully unwind the Fed’s grotesquely-bloated balance sheet. This record tightening poses a dire threat to today’s QE-inflated overvalued stock markets.

news.goldseek.com >> 21 September 2018

Gold Exodus to Reverse
By: Adam Hamilton, CPA
Investors have pulled much capital out of gold in recent months in a major mass exodus. Their sentiment waxed very bearish as gold was pounded lower by extreme record gold-futures short selling. The latest record stock-market highs also suppressed the perceived need for diversifying portfolios with gold. But this heavy investment gold selling is slowing, and should reverse sharply once stock markets roll over again.

news.goldseek.com >> 14 September 2018

Gold-Stock Forced Capitulation
By: Adam Hamilton, CPA
The gold miners’ stocks suffered a rare capitulation selloff over the past month or so. Selling cascaded to extremes as stop losses were sequentially triggered, battering this contrarian sector to exceedingly-low levels. While very challenging psychologically, capitulations are super-bullish. They rapidly exhaust all near-term selling potential, leaving gold stocks wildly oversold and undervalued which births major new uplegs.

news.goldseek.com >> 7 September 2018

Record Gold/Silver Shorts!
By: Adam Hamilton, CPA
Gold and silver were thrashed this past summer, relentlessly pounded to deep new lows. That has fueled extreme bearishness, with traders convinced the precious metals’ fundamentals are rotten. But epic all-time-record futures short selling by speculators was the real culprit. These unprecedented shorts must soon be covered with proportional buying, which is super-bullish for gold and silver prices in the coming months.

news.goldseek.com >> 31 August 2018

Silver Miners’ Q2’18 Fundamentals
By: Adam Hamilton, CPA
The major silver miners’ stocks have been thrashed, pummeled to brutal multi-year lows. They suffered serious collateral damage as silver plunged on gold’s breakdown, driven by crazy-extreme all-time-record silver-futures short selling. All this technical carnage left investors reeling, devastating sentiment. The silver miners’ recently-reported Q2’18 results reveal whether their anomalous plunge was justified fundamentally.

news.goldseek.com >> 24 August 2018

Gold Juniors’ Q2’18 Fundamentals
By: Adam Hamilton, CPA
The junior gold miners’ stocks have been thrashed in August, plummeting to brutal multi-year lows. Such carnage naturally left sentiment far more bearish than usual in this forsaken contrarian sector. But these extremely-battered gold-stock prices certainly aren’t justified fundamentally. Junior gold miners’ collective results from their just-completed Q2’18 earnings season prove their stock prices need to mean revert way higher.

news.goldseek.com >> 17 August 2018

Gold Miners’ Q2’18 Fundamentals
By: Adam Hamilton, CPA
The major gold miners’ stocks plummeted in brutal cascading selling this week as stops were run. That shattered strong multi-year support, devastating sentiment among the handful of contrarians remaining in this forsaken sector. With fear and despair extreme, it’s critical to take a deep breath and get grounded in the gold miners’ just-reported Q2’18 fundamentals. They reveal if this surprise anomalous plunge was justified.

news.goldseek.com >> 10 August 2018

Big US Stocks’ Q2’18 Fundamentals
By: Adam Hamilton, CPA
The mega-cap stocks that dominate the US markets are just finishing another monster earnings season. It wasn’t just profits that soared under Republicans’ big corporate tax cuts, but sales surged too. That’s no mean feat for massive mature companies, but sustained growth at this torrid pace is impossible. So peak-earnings fears continue to mount while valuations shoot even higher into dangerous bubble territory.

news.goldseek.com >> 3 August 2018

Gold Stocks’ Autumn Rally 3
By: Adam Hamilton, CPA
The gold miners’ stocks have suffered a psychologically-grating year so far. They’ve remained trapped in their vexing low-consolidation trading range, disheartening and driving away the great majority of traders. But that should soon change as this deeply-out-of-favor sector enters its strong season, which begins with a powerful autumn rally starting late summers. This year’s has exceptional upside potential from such a low base.

news.goldseek.com >> 27 July 2018

Gold Shorts Near Record!
By: Adam Hamilton, CPA
Gold continues to drift near summer-doldrums lows, feeding and intensifying bearish sentiment. But an exceedingly-bullish event just happened which will ignite a major new upleg. Speculators’ gold-futures short positions have soared near all-time record highs! That means the recent heavy gold selling is exhausted, and massive proportional short-covering buying is imminent. That will catapult gold much higher.

news.goldseek.com >> 20 July 2018

Gold Investment Wanes
By: Adam Hamilton, CPA
Gold’s summer doldrums are dragging on this year, with this asset slumping longer and lower than usual. Several converging factors are responsible. The stronger dollar has convinced gold-futures speculators to sell aggressively, and gold’s downside momentum has fed on itself. Investment demand has waned on the resulting weaker gold prices and euphoric near-record-high stock markets, but that should reverse soon.

news.goldseek.com >> 13 July 2018

Gold-Stock Summer Lows
By: Adam Hamilton, CPA
The gold miners’ stocks have been drifting sideways to lower like usual in their summer doldrums. They are likely near their major seasonal lows ahead of a strong autumn rally, a great buying opportunity. Gold rebounding higher will be the primary driver fueling the gold-stock advance, dispelling today’s bearish psychology. And strong Q2 production growth will likely play a sizable role in restoring favorable sentiment.

news.goldseek.com >> 6 July 2018

Gold Selling Exhausting
By: Adam Hamilton, CPA
Gold has been afflicted by relentless selling over the past few weeks or so, forcing it to major lows. While summer-doldrums weakness is typical, gold’s recent drop is on the large side even for this time of year. It was fueled by truly-extreme short selling by gold-futures speculators, which is quickly exhausting. That is paving the way for gold’s major autumn rally to start marching higher any day now, a very-bullish omen.

news.goldseek.com >> 29 June 2018

Stock Markets Hyper-Risky 3
By: Adam Hamilton, CPA
The lofty US stock markets remain riddled with euphoria and complacency, fueled by an exceptional bull. Investors believe downside risks are trivial, despite long years of epic central-bank easing catapulting valuations to dangerous bull-slaying extremes. This has left today’s markets hyper-risky, with a massive bear looming as the Fed and ECB increasingly slow and reverse their easy-money policies. Caveat emptor!

news.goldseek.com >> 22 June 2018

Cheap Gold Stocks Basing 2
By: Adam Hamilton, CPA
The gold miners’ stocks are drifting listlessly in the summer doldrums, largely forgotten by investors and speculators. They are missing a fantastic opportunity to buy low in this barren sentiment wasteland when no one else wants to. The gold stocks remain exceedingly cheap relative to the metal which drives their profits, and they continue to establish a strong technical base. They are ready to soar as gold returns to favor.

news.goldseek.com >> 15 June 2018

Gold Bullish on Fed Hike 3
By: Adam Hamilton, CPA
Gold weathered the Federal Reserve’s 7th rate hike of this cycle this week. Gold-futures speculators and to a lesser extent gold investors have long feared Fed rate hikes, selling ahead of them. Higher rates are viewed as the nemesis of zero-yielding gold. But contrary to this popular belief, past Fed rate hikes have proven very bullish for gold. This latest hike once again leaves gold set up for a major rally in coming months.

news.goldseek.com >> 8 June 2018

Gold Summer Doldrums 2
By: Adam Hamilton, CPA
Early summer is the weakest time of the year seasonally for gold, silver, and their miners’ stocks. With traders’ attention diverted to vacations and summer fun, their precious-metals interest and investment demand wane considerably. Thus this entire sector, and often the markets in general, suffer a seasonal lull this time of year. But these summer doldrums offer the best seasonal buying opportunities of the year.

news.goldseek.com >> 25 May 2018

Gold Juniors’ Q1’18 Fundamentals
By: Adam Hamilton, CPA
The junior gold miners have largely been shunned over the past year or so, condemned to listlessly drift near lows. Their stock prices have suffered serious collateral damage from stubbornly-bearish gold sentiment. But they are faring much better under the hood than their battered visages suggest, with their latest quarterly results revealing strong fundamentals. Juniors are ready to soar when gold sentiment turns.

news.goldseek.com >> 18 May 2018

Gold Miners’ Q1’18 Fundamentals
By: Adam Hamilton, CPA
The major gold miners’ stocks are still largely grinding sideways, mired in a bearish sentiment wasteland. Traders tend to assume low stock prices must be righteous, reflecting weak fundamentals rather than poor psychology. But once a quarter earnings seasons’ bright fundamental sunlight parts the obscuring fogs of popular sentiment. The gold miners’ just-reported Q1’18 results prove they remain deeply undervalued.

news.goldseek.com >> 11 May 2018

Big US Stocks’ Q1’18 Fundamentals
By: Adam Hamilton, CPA
The mega-cap stocks that dominate the US markets are just wrapping up a truly-extraordinary earnings season. Naturally this first quarter under Republicans’ new corporate tax cuts fueled surging profits. But sales were up big too, which is no mean feat for massive companies. With sustained growth at this torrid pace impossible, peak-earnings fears are mounting. And valuations stayed extremely expensive exiting Q1.

news.goldseek.com >> 4 May 2018

Gold Hit by USDX Squeeze
By: Adam Hamilton, CPA
Gold was enjoying a solid spring rally until a couple weeks ago, nearing major upside breakouts. But its nice advance has crumbled since, really weighing on sentiment. Gold fell victim to a rare major short squeeze in US Dollar Index futures. The surging USDX motivated gold-futures speculators to flee rather aggressively. But this will likely prove a short-lived anomaly, after which gold’s assault on highs will recommence.

news.goldseek.com >> 27 April 2018

Gold Stocks’ Spring Rally 3
By: Adam Hamilton, CPA
The gold miners’ stocks have mostly been consolidating low this year, exacerbating bearish sentiment. Even with gold grinding higher in a solid uptrend and nearing a major upside breakout, the gold stocks just can’t get any love. But that may be about to change, with gold and its miners’ stocks in the midst of their spring rally. Strong seasonal tailwinds make May one of the best months of the year in gold-stock bulls.

news.goldseek.com >> 20 April 2018

Gold Nearing Bull Breakout
By: Adam Hamilton, CPA
Gold remains largely forgotten, off the radars of most investors. But that’s likely to change soon as this leading alternative investment is nearing a major bull breakout. Once gold climbs to decisive new bull-market highs, sentiment will turn and investors’ interest will surge. Their resulting buying will rapidly drive gold higher, attracting in more capital inflows. Gold is only a couple modest up days away from that key breakout.

news.goldseek.com >> 13 April 2018

Big US Stocks’ Q4’17 Fundamentals
By: Adam Hamilton, CPA
The mega-cap stocks that dominate the US markets have enjoyed an amazing bull run. But February’s first correction in years proved things are changing. With that unnatural low-volatility melt-up behind us, it’s more important than ever to keep leading stocks’ underlying fundamentals in focus. They help investors understand which major American companies are the best buys and when to deploy capital in them.

news.goldseek.com >> 6 April 2018

New Silver Bull Coming
By: Adam Hamilton, CPA
Silver has been dead money over the past year or so, relentlessly grinding sideways to lower. That weak price action has naturally left this classic alternative investment deeply out of favor. Silver is extremely undervalued relative to gold, while speculators’ silver-futures positions are extraordinarily bearish. All this has created the perfect breeding ground to birth a major new silver bull market, which could erupt anytime.

news.goldseek.com >> 1 April 2018

Silver Miners’ Q4’17 Fundamentals
By: Adam Hamilton, CPA
The silver miners’ stocks have really languished since mid-2016, relentlessly grinding sideways to lower. With gold out of favor, silver and its miners have largely been left for dead and forgotten. This sector is deeply mired in universal apathy and bearishness. But since silver stocks can skyrocket when silver decisively rallies again, it’s important to keep an eye on silver miners’ fundamentals like their recent Q4’17 results.

news.goldseek.com >> 23 March 2018

Gold Juniors’ Q4’17 Fundamentals
By: Adam Hamilton, CPA
The junior gold miners’ stocks have spent much of the past year grinding sideways near lows, sapping confidence and breeding widespread bearishness. The entire precious-metals sector has been left for dead, eclipsed by the dazzling taxphoria stock-market rally. But traders need to keep their eyes on the fundamental ball so herd sentiment doesn’t mislead them. The juniors’ recent Q4 results proved quite strong.

news.goldseek.com >> 16 March 2018

Gold Miners’ Q4’17 Fundamentals
By: Adam Hamilton, CPA
The gold miners’ stocks remain deeply out of favor, trading at prices seen when gold was half or even a quarter of current levels. So many traders assume this small contrarian sector must be really struggling fundamentally. But nothing could be farther from the truth! The major gold miners’ recently-released Q4’17 results prove they are thriving. Their languishing stock prices are the result of irrational herd sentiment.

news.goldseek.com >> 9 March 2018

Cheap Gold Stocks Basing
By: Adam Hamilton, CPA
The small contrarian gold-mining sector remains deeply out of favor, universally ignored. Thus the gold stocks are largely drifting listlessly, totally devoid of excitement. But that’s the best time to buy low, when few others care. The gold stocks continue to form strong technical bases, paving the way for massive mean-reversion uplegs. And they remain exceedingly cheap relative to gold prices, which drive their profits.

news.goldseek.com >> 2 March 2018

Fed Hikes, Dollar, and Gold
By: Adam Hamilton, CPA
The US dollar has fallen rather sharply over the past year or so, despite ongoing Fed rate hikes. This persistent dollar weakness has really boosted gold. There’s a fascinating interplay between these two currencies and futures speculators’ expectations for Fed rate hikes. These traders hang on every word from top Fed officials, which greatly influences their trading. So these relationships are important to understand.

news.goldseek.com >> 23 February 2018

Gold’s Curious Sentiment
By: Adam Hamilton, CPA
Gold is faring quite well today technically, though you sure wouldn’t know it from the rampant bearish sentiment. Gold’s price is in a strong uptrend over a year old, high in both its current upleg and young bull market. Gold isn’t far from breaking out to its best levels since September 2013, a really big deal. The stock markets even finally sold off after years of unnatural calm. Yet traders are still down on gold.

news.goldseek.com >> 16 February 2018

GDX Weathers Stock Selloff
By: Adam Hamilton, CPA
The gold miners’ stocks weathered the recent stock-market plunge really well. As evident in their leading GDX ETF, they were already beaten down before stock markets started falling. The resulting explosion of fear bled into GDX, forcing it even lower. Nevertheless, no major technical damage was done. GDX remained well within its consolidation trend channel and is still within striking distance of a major $25 breakout.

news.goldseek.com >> 9 February 2018

Stock Selling Unleashed!
By: Adam Hamilton, CPA
The unnaturally-tranquil stock markets suddenly plunged over this past week. Volatility skyrocketed out of the blue and shattered years of artificial calm conjured by extreme central-bank distortions. This was a huge shock to the legions of hyper-complacent traders, who are realizing stocks don’t rally forever. With stock selling unleashed again, herd psychology will start shifting back to bearish which will fuel lots more selling.

news.goldseek.com >> 2 February 2018

Radical Gold Underinvestment 4
By: Adam Hamilton, CPA
Global investors are radically underinvested in gold today. Years of relentless stock-market rallying to endless new record highs have left this classic alternative investment deeply out of favor. But this gold-demand ebb is ending. The same central banks that fueled these extreme stock markets through epic easing are reversing to massive and unprecedented tightening. As stocks roll over, gold investment will return.

news.goldseek.com >> 26 January 2018

Gold Upleg Breaking Out
By: Adam Hamilton, CPA
Gold’s strong upleg accelerated this week, powering to major new breakout highs. Speculators rushed to buy gold futures following surprising weak-dollar comments from the US Treasury Secretary, which hit the US dollar hard. That boosted gold to critical technical levels that should really intensify the shift back to bullish psychology. This mounting gold breakout confirms gold’s bull market is very much alive and well.

news.goldseek.com >> 19 January 2018

GDX $25 Breakout on Earnings
By: Adam Hamilton, CPA
The world’s leading gold-stock ETF is nearing a major upside breakout from key technical levels. GDX is getting closer to challenging and powering above $25. That would accelerate the sentiment shift in this deeply-undervalued sector back to bullish, enticing investors to return. Good operating results from the major gold miners in their upcoming Q4’17 earnings season could prove the catalyst to fuel this GDX $25 breakout.

news.goldseek.com >> 12 January 2018

Stock Selloffs Great for Gold
By: Adam Hamilton, CPA
The stock markets have rocketed higher since Trump’s election win on hopes for big corporate tax cuts. This extreme rally has left stocks exceedingly overvalued and overbought today. A major selloff is long overdue and likely imminent. When stocks inevitably roll over and mean revert lower to rebalance away euphoric sentiment, gold is the main beneficiary. Gold investment demand soars when stocks materially slide.

news.goldseek.com >> 5 January 2018

Gold-Stock Upside Huge
By: Adam Hamilton, CPA
The gold miners’ stocks have huge upside potential in 2018, likely the best among stock-market sectors. They really lagged gold last year, so a major mean-reversion catch-up rally is coming. The gold miners are universally ignored and deeply undervalued relative to the metal which drives their profits. And gold itself is likely to power dramatically higher this year as euphoric record-high stock markets inevitably start to falter.

news.goldseek.com >> 29 December 2017

Stock Markets Hyper-Risky 2
By: Adam Hamilton, CPA
The US stock markets enjoyed an extraordinary surge in 2017, shattering all kinds of records. This was fueled by hopes for big tax cuts soon since Republicans regained control of the US government. But such relentless rallying has catapulted complacency, euphoria, and valuations to dangerous bull-slaying extremes. This has left today’s beloved and lofty stock markets hyper-risky, with serious selloffs looming large.

news.goldseek.com >> 22 December 2017

Gold Stocks Coiled Spring 2
By: Adam Hamilton, CPA
The gold miners’ stocks largely ground sideways in 2017, lagging gold’s solid rally. Being trapped in this vexing consolidation has decimated sentiment, leaving a bearish wasteland bereft of hope. But contrary to perceptions, this deeply-out-of-favor sector is actually a coiled spring today. Gold stocks are ready to surge dramatically higher as psychology inevitably shifts, pointing to much higher prices coming in 2018.

news.goldseek.com >> 15 December 2017

Gold Bullish on Fed Hike 2
By: Adam Hamilton, CPA
Gold has been battered lower in recent months as gold-futures speculators fled in dread of the Fed-rate-hike boogeyman. As universally expected, the Fed’s 5th rate hike of this cycle indeed came to pass this week. When gold didn’t collapse as irrationally feared, the cowering futures traders were quick to start returning. Past Fed rate hikes have actually proven very bullish for gold, and this latest one will be no exception.

news.goldseek.com >> 8 December 2017

Bitcoin Mania Parabolic
By: Adam Hamilton, CPA
Bitcoin’s meteoric skyrocketing this year has been astonishing, captivating traders across the globe. This once-obscure cryptocurrency has exploded into the world’s hottest market. With fortunes being won on paper, everyone is talking about bitcoin. But with its price shooting parabolic, unfortunately this wild ride has all the hallmarks of a classic popular speculative mania. And those all end badly, totally collapsing.

news.goldseek.com >> 1 December 2017

Gold Juniors’ Q3’17 Fundamentals
By: Adam Hamilton, CPA
The junior gold miners’ stocks have spent months grinding sideways near lows, sapping confidence and breeding widespread bearishness. The entire precious-metals sector has been left for dead, eclipsed by the dazzling Trumphoria stock-market rally. But traders need to keep their eyes on the fundamental ball so herd sentiment doesn’t mislead them. The juniors recently reported Q3 earnings, and enjoyed strong results.

news.goldseek.com >> 17 November 2017

Gold Miners’ Q3’17 Fundamentals
By: Adam Hamilton, CPA
The gold miners’ stocks have spent months adrift, cast off in the long shadow of the Trumphoria stock-market rally. This vexing consolidation has left a wasteland of popular bearishness. But once a quarter earnings season arrives, bright fundamental sunlight dispelling the obscuring sentiment fogs. The major gold miners’ just-reported Q3’17 results prove this sector remains strong fundamentally, and super-undervalued.

news.goldseek.com >> 10 November 2017

Gold Investment Stalled
By: Adam Hamilton, CPA
Gold has largely been drifting sideways for the better part of a couple months now, sapping enthusiasm. Gold investment demand has stalled due to extreme stock-market euphoria. Investors aren’t interested in alternative investments led by gold when stocks seemingly do nothing but rally indefinitely. But once stock-market volatility inevitably returns, so will gold investment demand which fuels major gold uplegs.

news.goldseek.com >> 3 November 2017

Gold Stocks’ Winter Rally 2
By: Adam Hamilton, CPA
The gold miners’ stocks have largely ground sideways this year, consolidating their massive 2016 gains. That lackluster trading action, along with vexing underperformance relative to gold, has left gold stocks deeply out of favor. But these uninspiring technicals and resulting bearish sentiment should soon shift. The gold stocks are just now entering their strongest seasonal rally of the year, the super-bullish winter rally.

news.goldseek.com >> 27 October 2017

Fed/ECB Strangle Stock Bull
By: Adam Hamilton, CPA
This epic central-bank-easing-driven global stock bull is starting to be strangled by the very central banks that fueled it. This week the European Central Bank made a landmark decision to drastically slash its quantitative easing next year. That follows the Fed’s new quantitative-tightening campaign just getting underway this month. With CBs aggressively curtailing easy-money liquidity, this stock bull is in serious trouble.

news.goldseek.com >> 20 October 2017

Silver Stocks Comatose
By: Adam Hamilton, CPA
The silver miners’ stocks have mostly drifted sideways this year, looking vexingly comatose. Such dull price action repels speculators and investors, so they’ve largely abandoned this lackluster sector. That weak trader participation has led to silver stocks’ responsiveness to silver price moves decaying. What can shock silver stocks out of their zombified stupor? And how soon is such an awakening catalyst likely?

news.goldseek.com >> 13 October 2017

Gold Miners’ Q3’17 Preview
By: Adam Hamilton, CPA
With the third quarter’s earnings season now underway, the gold miners will soon join in and report their latest results. No data is more highly anticipated by investors, for good reason. Quarterly reports dispel the dense fogs of herd sentiment that usually obscure gold stocks, revealing their operations’ underlying fundamental realities. Q3’17’s upcoming results are likely to prove quite bullish for this neglected sector.

news.goldseek.com >> 6 October 2017

Gold Readying to Rally
By: Adam Hamilton, CPA
Gold suffered a sharp pullback this past month, spawning bearish sentiment. Futures speculators fled on surging Fed-rate-hike odds and new stock-market record highs. That pounded gold lower despite strong investment demand. This healthy sentiment-rebalancing retreat has left gold ready to rally again. Both its technicals and seasonals are very bullish, and futures speculators’ selling overhang has considerably abated.

news.goldseek.com >> 29 September 2017

Gold Uplegs’ Three Stages
By: Adam Hamilton, CPA
Gold bull markets offer outstanding opportunities for traders to grow their wealth. These bulls consist of series of alternating uplegs and corrections. Naturally the best times to buy low within ongoing bulls are right after corrections when major new uplegs are being born. Gold uplegs have three distinct stages that are evident in real-time in key datasets. Understanding how gold uplegs play out leads to superior gains.

news.goldseek.com >> 22 September 2017

Fed QT Stocks, Gold Impact
By: Adam Hamilton, CPA, Zeal Research
This week’s landmark Federal Open Market Committee decision to launch quantitative tightening is one of the most-important and most-consequential actions in the Federal Reserve’s entire 104-year history. QT changes everything for world financial markets levitated by years of quantitative easing. The advent of the QT era has enormous implications for stock markets and gold that all investors need to understand.

news.goldseek.com >> 15 September 2017

Gold Investment Resuming
By: Adam Hamilton, CPA
Gold has surged dramatically to major breakouts since its usual summer-doldrums lows. That’s naturally rekindled interest in this leading alternative investment, despite the record-high stock markets. Investors are starting to return to gold again to prudently diversify their stock-heavy portfolios. That’s very bullish for gold, as investment capital inflows can persist for months or even years. This shift is most evident in GLD.

news.goldseek.com >> 8 September 2017

Major Gold-Stock Breakouts
By: Adam Hamilton, CPA
The gold stocks are off to the races again, with big gains mounting. They just staged major breakouts, shattering a vexing consolidation that had trapped them for an entire year. Such momentum early in gold’s strong season is a very-bullish portent. As higher prices improve both technicals and sentiment, buying begets more buying. With gold-stock prices still quite low in secular terms, their upside remains huge.

news.goldseek.com >> 1 September 2017

Silver Miners’ Q2’17 Fundamentals
By: Adam Hamilton, CPA
The silver miners’ stocks have largely languished this year, grinding sideways near lows for months on end. This vexing consolidation has fueled near-universal bearishness, leaving silver stocks deeply out of favor. But once a quarter when earnings season arrives, hard fundamentals pierce the obscuring veil of popular sentiment. The silver miners’ recently-reported Q2’17 results reveal today’s silver prices remain profitable.

news.goldseek.com >> 25 August 2017

Gold Juniors’ Q2’17 Fundamentals
By: Adam Hamilton, CPA
The junior gold miners’ stocks have spent months grinding sideways near lows, sapping confidence and breeding widespread bearishness. The entire precious-metals sector has been left for dead, eclipsed by the dazzling Trumphoria stock-market rally. But traders need to keep their eyes on the fundamental ball so herd sentiment doesn’t mislead them. The juniors recently reported Q2 earnings, and enjoyed strong results.

news.goldseek.com >> 18 August 2017

Gold Miners’ Q2’17 Fundamentals
By: Adam Hamilton, CPA
The gold miners’ stocks have spent months adrift, cast off in the long shadow of the Trumphoria stock-market rally. This vexing consolidation has left a wasteland of popular bearishness. But once a quarter earnings season arrives, bright fundamental sunlight dispelling the obscuring sentiment fogs. The major gold miners’ just-reported Q2’17 results prove this sector remains strong fundamentally, and super-undervalued.

news.goldseek.com >> 11 August 2017

Gold Stocks Coiled Spring
By: Adam Hamilton, CPA, Zeal Research
Gold-mining profits are heavily dependent on prevailing gold prices. And with this industry’s costs way under gold’s current levels, the gold miners are already earning hefty profits today. Sooner or later their stock prices must reflect fundamental reality. That mean-reversion process is already underway, with gold stocks’ early-autumn-rally gains increasingly outpacing gold’s. Their upside leverage should only accelerate.

news.goldseek.com >> 4 August 2017

Gold Stocks’ Autumn Rally 2
By: Adam Hamilton, CPA
The gold miners’ stocks have suffered a lackluster year so far, mostly lagging gold’s solid new upleg. But that vexing underperformance should soon give way to a big catch-up surge. The deeply-out-of-favor gold stocks are now entering their strong season, which starts right about now with a powerful autumn rally. That generates major gains on average in bull-market years, and this year’s upside potential is exceptional.

news.goldseek.com >> 28 July 2017

Fed QT Bearish for Stocks
By: Adam Hamilton, CPA
The Fed’s monetary fire hose that injected trillions of dollars of freshly-conjured money into the markets for years will soon start sucking that capital back out. As the Fed’s QE giveth, the Fed’s QT taketh away. These QE-inflated stock markets are in serious trouble under QT, and the FOMC might not even care for political reasons. But even if it does, stopping QT after it begins could crush confidence accelerating the selling.

news.goldseek.com >> 21 July 2017

Gold/Silver Shorts Extreme
By: Adam Hamilton, Zeal Intelligence
The gold-futures and silver-futures short positions held by speculators have rocketed up to extremes in recent weeks. These elite traders are aggressively betting for further weakness in gold and silver prices. But history has proven extreme shorts are a powerful contrarian indicator. Right as speculators wax the most bearish as evidenced by their collective bets, gold and silver decisively bottom and birth major new rallies.

news.goldseek.com >> 14 July 2017

Picking Great Gold Stocks 2
By: Adam Hamilton, Zeal Intelligence
One of the primary keys to success in investment and speculation is picking the right stocks to trade. That’s no mean feat, as it takes great effort, expertise, and time to winnow the whole field down to the likely winners with the best fundamentals. Although deeply out of favor now in the summer doldrums, the small contrarian gold-stock sector has generated truly epic gains for investors and speculators over the years.

news.goldseek.com >> 7 July 2017

Gold Stocks’ Summer Bottom
By: Adam Hamilton, Zeal Intelligence
The gold miners’ stocks have drifted lower over the past month, slumping back to major support. This weakness has naturally intensified the bearish psychology engulfing this small contrarian sector, traders want nothing to do with it. Yet summers typically see gold and its miners’ stocks meander sideways to lower. These summer doldrums spawn the best seasonal buying opportunities of the year in gold stocks.

news.goldseek.com >> 30 June 2017

Stock Markets Hyper-Risky
By: Adam Hamilton, Zeal Intelligence
The US stock markets have enjoyed an extraordinary surge this year, shattering all kinds of records. It’s been fueled by hopes for big tax cuts soon from Trump’s Republican government. But such relentless rallying has catapulted complacency, euphoria, and valuations to dangerous bull-slaying extremes. This has left today’s beloved and lofty stock markets hyper-risky, with mounting potential for serious selloffs erupting.

news.goldseek.com >> 23 June 2017

Gold Summer Doldrums
By: Adam Hamilton, Zeal Intelligence
Gold has spent most of June grinding lower on balance, damaging sentiment and vexing traders. Usual selling leading into the Fed’s latest rate hike contributed, but the summer doldrums are also in play. Gold has typically suffered a seasonal lull this time of year, on waning investment demand as vacations divert attention from markets. But these summer doldrums offer the best seasonal buying opportunities of the year.

news.goldseek.com >> 16 June 2017

Gold Bullish on Fed Hike
By: Adam Hamilton, CPA, Zeal Research
Fed rate hikes hurt stock markets, which boosts gold investment demand for diversifying portfolios. And this week’s FOMC announcement heralding the first-ever quantitative tightening is exceedingly bearish for these Fed-levitated record-high stock markets. As they inevitably roll over, gold investment demand will once again surge and catapult gold much higher. This trend will generate great wealth for prudent contrarians.

news.goldseek.com >> 9 June 2017

Gold-Stock Inflection Nears
By: Adam Hamilton, CPA, Zeal Research
The most-visible near-term breakout catalyst is next week’s FOMC meeting. Gold and gold stocks have rallied sharply after each of the past three Fed rate hikes. So if gold-futures speculators see anything the Fed releases as less hawkish than expected next week, they will pile back into gold which will once again catapult gold stocks higher. And given all the weak economic data lately, it’s hard to imagine a hawkish Fed.

news.goldseek.com >> 2 June 2017

Silver Short-Squeeze Potential
By: Adam Hamilton, Zeal Intelligence
Silver has suffered a lackluster year so far, really lagging gold’s upleg. Sentiment is still reeling following silver’s crushing selloff from mid-April to mid-May. But that plunge was largely driven by extreme silver-futures selling by speculators, including a blistering spike in short selling. The resulting excessive shorts have left silver with excellent near-term potential for a short squeeze, which would catapult it rapidly higher.

news.goldseek.com >> 26 May 2017

Silver Miners’ Q1’17 Fundamentals
By: Adam Hamilton, Zeal Intelligence
The silver miners’ stocks have been slowly grinding higher this year, but it’s been a volatile ride. This sector’s alternating surges and plunges have spawned outsized swings in sentiment, really distorting investors’ perceptions of the major silver miners. But once a quarter earnings season arrives, revealing their hard fundamental realities which dispel the obscuring sentiment fogs. The silver miners reported a solid Q1.

news.goldseek.com >> 19 May 2017

Gold Juniors’ Q1’17 Fundamentals
By: Adam Hamilton, Zeal Intelligence
The junior gold miners’ stocks suffered a serious thrashing between mid-April and early May. Relentless heavy selling blasted many back down near deep mid-December lows, leaving sentiment in tatters. But traders distracted by weak technicals need to keep their eyes on the fundamental ball. The gold juniors just finished their Q1 earnings season, which was solid. Their low stock prices are disconnected from reality.

news.goldseek.com >> 12 May 2017

Gold Miners’ Q1’17 Fundamentals
By: Adam Hamilton, Zeal Intelligence
The gold miners’ stocks have been slammed by a sharp gold pullback in recent weeks, spawning today’s bearish sentiment. Traders often get caught up in the emotional swings generated by this volatile sector. But once a quarter earnings season arrives, revealing gold mining’s hard fundamental realities which dispel the obscuring sentiment fogs. The major gold miners’ profitability actually just exploded higher in Q1!

news.goldseek.com >> 5 May 2017

Gold-Futures Shorting Attacks
By: Adam Hamilton, Zeal Intelligence
Gold has suffered a sharp pullback over the past couple weeks, stoking much bearish sentiment. While a variety of factors fed this selloff, the precipitating catalyst was a gold-futures shorting attack. These are relatively-rare episodes of extreme selling specifically timed and executed to manipulate gold prices lower rapidly. Traders need to understand these events, which are inherently self-limiting and soon bullish.

news.goldseek.com >> 28 April 2017

Gold Hostage to Stocks
By: Adam Hamilton, Zeal Intelligence
Gold has had a wild ride since Trump’s surprise election win in early November. This metal first plunged then surged, ultimately making little headway. It wasn’t until mid-April that gold regained its pre-election levels. This overall lackluster gold action was confounding given all the mounting uncertainties. But it once again highlights that gold investment demand is often hostage to the US stock markets’ fortunes.

news.goldseek.com >> 21 April 2017

Gold Upleg Momentum Building
By: Adam Hamilton, Zeal Intelligence
Gold’s young upleg just enjoyed a major upside breakout, bolstering strong technicals and heralding a coming Golden Cross buy signal. Investors have started aggressively buying gold again after record-high stock markets distracted them. This gold upleg’s upside momentum is really building, portending accelerating gains in coming months. Yet sentiment remains poor, with traders still quite bearish on gold.

news.goldseek.com >> 14 April 2017

Gold-Stock-Bull Upside Targets
By: Adam Hamilton, Zeal Intelligence
The get-no-respect gold-stock sector is in a strong young bull market. Past gold-stock bulls have grown to utterly-massive proportions before giving up their ghosts, greatly multiplying the wealth of contrarian investors and speculators. Today’s gold-stock bull is very likely to grow vastly larger before fully running its course. Fundamental gold-stock-bull upside targets reveal the lion’s share of gains are still yet to come.

news.goldseek.com >> 7 April 2017

Gold-Stock Breakouts Near
By: Adam Hamilton, Zeal Intelligence
The gold-mining stocks’ usual volatility has proven outsized so far this year, spooking investors. A fast initial surge in a new upleg was soon fully reversed by a sharp major correction, which spawned much bearish sentiment. That combined with the great distraction from the Trumphoria stock-market rally has left gold stocks unloved and overlooked. But their outlook is very bullish, and major upside breakouts near.

news.goldseek.com >> 31 March 2017

Gold in Fed-Rate-Hike Cycles 2
By: Adam Hamilton, Zeal Intelligence
Gold suffered heavy selling in early March leading into the Fed’s latest rate hike. Speculators frantically dumped gold futures ahead of the Fed’s meeting as implied rate-hike odds soared. This is nothing new. This key group of traders has long feared Fed-rate-hike cycles, convinced they are the mortal nemesis of zero-yielding gold. But this view is highly irrational, as history proves gold actually thrives in rate-hike cycles!

news.goldseek.com >> 24 March 2017

Silver Miners’ Q4’16 Fundamentals
By: Adam Hamilton, Zeal Intelligence
The silver miners’ stocks have had a roller-coaster ride of a year so far. They surged, plunged, and then started surging again last week on a less-hawkish-than-expected Fed. Such big volatility has spawned similar outsized swings in sentiment, distorting investors’ perceptions of major silver miners. But their recently-reported fourth-quarter operating and financial results reveal the true underlying fundamental realities.

news.goldseek.com >> 17 March 2017

Gold Juniors’ Q4’16 Fundamentals
By: Adam Hamilton, Zeal Intelligence
The junior gold stocks corrected hard in recent weeks, setting them up to blast higher on Wednesday’s less-hawkish-than-expected Fed. That started to dispel some of the serious bearish sentiment that has been mounting in this sector. The junior gold miners’ fundamentals justify much-higher stock prices, as evidenced in their recently-reported fourth-quarter operating and financial results. They remain very bullish.

news.goldseek.com >> 10 March 2017

Gold Miners’ Q4’16 Fundamentals
By: Adam Hamilton, Zeal Intelligence
The gold miners’ stocks have corrected hard in recent weeks, hammered by a gold pullback driven by soaring Fed-rate-hike odds. Like any considerable selloff, this has spawned serious bearish sentiment. But the gold miners’ underlying operating fundamentals remain quite strong, proving the recent selling was purely psychological. This sector’s just-reported fourth-quarter results are impressive, very bullish.

news.goldseek.com >> 3 March 2017

Gold Stocks’ Spring Rally 2
By: Adam Hamilton, Zeal Intelligence
The gold stocks enjoyed a strong surge early this year, fully reversing their sharp post-election losses. While they spent much of February consolidating before sliding, this sector’s seasonals will soon turn very favorable again in mid-March. The gold miners have long enjoyed strong spring rallies in bull-market years. Early March’s seasonal lull is a great opportunity to deploy aggressively ahead of this big spring buying.

news.goldseek.com >> 24 February 2017

Gold-Futures Buying Yet to Start
By: Adam Hamilton, Zeal Intelligence
Gold has powered higher in a strong new upleg since the Fed’s mid-December rate hike. But the core group of traders who usually fuel early-upleg gains has been missing in action in recent months. The gold-futures speculators have not done any meaningful buying since gold bottomed. This anomaly is a very-bullish omen for gold. Since these traders’ buying has yet to start, they need to do lots of catch-up buying.

news.goldseek.com >> 17 February 2017

Gold-Stock Volume Divergence
By: Adam Hamilton, Zeal Intelligence
The gold miners’ stocks have blasted higher in this young new year, far outpacing the broader markets. But surprisingly gold stocks’ trading volume has diverged from their powerful rally. Volume has actually been waning on balance since gold stocks’ newest upleg was born in mid-December. While volume is a complex nuanced indicator, this bullishly suggests that major gold-stock buying hasn’t even started yet.

news.goldseek.com >> 10 February 2017

Gold Stocks’ Strong New Upleg
By: Adam Hamilton, Zeal Intelligence
Gold stocks are on fire this year, powering higher in market-dominating performance. This is a massive reversal from their dark fourth quarter, with 6/7ths of those losses already erased. But this strong new upleg still remains young and small by historical standards. Gold stocks’ recent rally is only the vanguard of another major bull-market upleg. This sector’s bullish technicals reveal vast upside potential from here.

news.goldseek.com >> 3 February 2017

US Mint Bullion-Coin Sales 5
By: Adam Hamilton, Zeal Intelligence
Gold’s first new bull market since 2011 last year was overwhelmingly driven by stock investors flooding into gold ETFs. Traditional physical bar-and-coin demand was actually quite weak, falling considerably year-over-year. Nevertheless, it’s still important to stay abreast of classic gold and silver investment demand. One key microcosm of that comes in the form of the US Mint’s sales of its popular American Eagle coins.

news.goldseek.com >> 27 January 2017

Silver Stocks’ New Upleg
By: Adam Hamilton, Zeal Intelligence
The silver miners’ stocks have surged higher in this young new year, putting the Trumphoria general-stock rally to shame. Following its fourth-quarter drubbing, this tiny contrarian sector is embarking on a major new upleg as traders return. Silver-stock uplegs tend to grow to massive proportions, and silver-mining fundamentals remain strong today. So odds are the silver stocks are going to power far higher in 2017.

news.goldseek.com >> 20 January 2017

Gold Futures Looking Bullish
By: Adam Hamilton, Zeal Intelligence
Gold has rebounded sharply higher in the past month, taking the early lead as 2017’s best-performing asset class. Normally such a big gold surge would require heavy gold-futures buying by speculators. But they’ve been missing in action, barely moving any capital into gold yet. Their collective bets on this metal remain very bearish. Since they are such a strong contrarian indicator, that’s a very-bullish omen for gold.

news.goldseek.com >> 13 January 2017

Big Gold Buying Coming
By: Adam Hamilton, Zeal Intelligence
Gold has hit the ground running in this young new year, a stark contrast to its brutal post-election selloff. Rather remarkably, these strong recent gains accrued despite literally zero buying from one of gold’s most-important constituencies. The American stock investors who almost single-handedly fueled gold’s strong bull market last year are still missing in action since the election. That means big gold buying is still coming.

news.goldseek.com >> 6 January 2017

Gold Stocks Shine in 2017
By: Adam Hamilton, Zeal Intelligence
The gold miners’ stocks are rocketing higher again after suffering a rough few months. Following sharp selloffs on gold-futures stops being run, the Trumphoria stock-market surge, and a more-hawkish-than-expected Fed, this battered sector had largely been left for dead. But gold stocks’ strong fundamentals finally overcame the dismal herd sentiment last week, paving the way for this sector to shine again in 2017.

news.goldseek.com >> 30 December 2016

Major Stock Bear Still Looms
By: Adam Hamilton, CPA
Prudent investors have to overcome late 2016’s groupthink herd euphoria and protect themselves from what’s coming. That means lightening up on stocks, building cash, and buying gold. Central banks have a long history of trying and failing to eliminate stock-market cycles. The longer they are artificially suppressed, the worse the inevitable reckoning as the cycles resume with a vengeance. 2017 looks dangerous!

news.goldseek.com >> 23 December 2016

Dollar Euphoria and Gold
By: Adam Hamilton, Zeal Intelligence
The US dollar has rocketed higher since early November’s US presidential election, rivaling the massive gains seen in the stock markets. With the world’s reserve currency catapulted to extreme secular highs, dollar euphoria has naturally exploded. Traders are overwhelmingly betting the dollar’s strong upside will continue. But this greed-drenched currency looks very toppy and ready to fall, which is very bullish for gold.

news.goldseek.com >> 16 December 2016

Radical Gold Underinvestment 3
By: Adam Hamilton, Zeal Intelligence
Gold was again blasted to new post-election lows this week, further trashing contrarian sentiment. The Fed proved more hawkish than expected in its rate-hike-trajectory forecast, unleashing heavy selling in gold futures. This catapulted gold bearishness back up to extremes not seen in a year. Investors are once again convinced gold is doomed, and thus radically underinvested. That’s actually super-bullish for gold.

news.goldseek.com >> 9 December 2016

Gold-Futures Selling Exhausting
By: Adam Hamilton, Zeal Intelligence
Gold has suffered brutal, withering selling pressure in the month following the US presidential election. The stock markets’ surprise surge after Trump’s surprise win has led speculators and investors alike to rush for the gold exits. As usual the former group’s extreme selling came largely through gold futures. But this gold-futures dumping has been so severe that it is rapidly exhausting itself, a bullish omen for gold.

news.goldseek.com >> 2 December 2016

Gold Juniors’ Q3’16 Fundamentals
By: Adam Hamilton, Zeal Intelligence
The junior gold miners’ and explorers’ stocks have been crushed in recent months, collateral damage from enormous gold-futures selling. That’s naturally left investors and speculators extremely bearish on gold juniors. But lost in all this technical and sentimental tumult are important fundamentals from the juniors’ recently-reported third-quarter financial and operational results, which proved quite strong and bullish.

news.goldseek.com >> 25 November 2016

Silver Miners’ Q3’16 Fundamentals
By: Adam Hamilton, Zeal Intelligence
The silver miners recently finished reporting their third-quarter results, offering a hard fundamental look into this sector. This reality check is valuable given the fierce winds of bearish sentiment buffeting silver stocks in recent months. Despite their huge correction, the elite silver miners’ fundamentals remain strong. They are producing at costs far below prevailing silver levels, with profits poised to soar as silver recovers.

news.goldseek.com >> 18 November 2016

Gold Miners’ Q3’16 Fundamentals
By: Adam Hamilton, Zeal Intelligence
The gold miners just finished reporting their third-quarter results, which proved very impressive. While this small contrarian sector is now languishing in the doghouse following a brutal post-election selloff, the gold miners’ fundamentals are strengthening. Lower costs and higher gold prices led to surging operating cash flows and profits. The major gold miners are great fundamental bargains for contrarians today.

news.goldseek.com >> 11 November 2016

Gold, Miners Under Trump
By: Adam Hamilton, Zeal Intelligence
Donald Trump’s epic underdog victory climaxing the US presidential race was radically unexpected by the great majority of the world. Equally if not more surprising was the subsequent days’ market reaction. Stock markets, gold, and gold-mining stocks did exactly the opposite of what was universally forecast for a Trump win. This has left contrarian traders wondering how gold and gold stocks will likely fare under Trump.

news.goldseek.com >> 4 November 2016

Stocks Really Sway Elections
By: Adam Hamilton, Zeal Intelligence
With 2016’s contentious US presidential election just days away now, traders are still trying to game the outcome of this tightening race. With a Hillary Clinton victory long priced in, the mounting odds Donald Trump will prevail have big implications for major markets. One critical place traders should look for clues to how Americans will vote is the stock markets. Recent stock performance really sways election results.

news.goldseek.com >> 28 October 2016

Gold Stocks’ Winter Rally
By: Adam Hamilton, Zeal Intelligence
The gold miners’ stocks have certainly had a wild ride this year. After initially skyrocketing out of deep secular lows into a mighty new bull market, they recently suffered a massive correction climaxing in an extreme plummet. This coincided with gold stocks’ major seasonal low in October. That heralds their strongest seasonal rally of the year heading into and through winter, a very bullish omen for coming months.

news.goldseek.com >> 21 October 2016

Gold Green Lights Upleg
By: Adam Hamilton, Zeal Intelligence
Gold’s early-October plunge on futures speculators’ stop losses being run has naturally left this metal mired in battered technicals and bearish sentiment. But that sharp selloff has already accomplished its rebalancing mission. The excessive gold-futures trading positions that triggered that stop running have already reversed, and the investors fueling gold’s bull are starting to buy again. Gold is green lighting its next upleg.

news.goldseek.com >> 14 October 2016

Gold Stocks Screaming Buy
By: Adam Hamilton, Zeal Intelligence
The gold miners’ stocks are suffering from universal and overwhelming bearishness today, with nearly everyone expecting further selling. That’s the natural reaction following this sector’s recent massive correction, which climaxed in one of its biggest daily plummets ever witnessed. But within bull markets, there’s no better time to buy aggressively than deep in a major selloff that’s riddled with great doubt and fear.

news.goldseek.com >> 7 October 2016

Gold’s, Miners’ Stops Run
By: Adam Hamilton, Zeal Intelligence
Gold, silver, and their miners’ stocks plummeted out of the blue this week, shattering their bull-market uptrends. Gold-futures speculators had been holding excessive long positions for months, weathering all kinds of selling catalysts. But once gold slipped through key support, long-side futures stop losses started to trigger unleashing cascading selling. Understanding this event and its implications is crucial for traders.

news.goldseek.com >> 30 September 2016

Silver Way Undervalued
By: Adam Hamilton, Zeal Intelligence
After rocketing higher mid-year, silver has spent most of the third quarter drifting sideways to lower. This has naturally weighed on sentiment, with investors and speculators alike growing more bearish during recent months. Yet silver remains way undervalued relative to its primary driver gold, so silver’s young bull market is far from over. This metal’s upside from here is still massive as it mean reverts higher with gold.

news.goldseek.com >> 23 September 2016

Gold Unleashed by Fed
By: Adam Hamilton, Zeal Intelligence
Gold surged sharply this week after the Yellen Fed yet again chickened out on raising its benchmark interest rate. Gold-futures speculators’ irrational fear of Fed rate hikes has been a major drag on gold. And rate-hike risks just plummeted in the coming months, since the Fed can’t risk acting heading into this year’s critical US presidential election. So gold’s next major upleg was likely just unleashed by the Fed.

news.goldseek.com >> 16 September 2016

Why Has Gold Stalled?
By: Adam Hamilton, Zeal Intelligence
Gold’s young bull market has totally stalled out in the past couple months. This major loss of momentum following gold’s powerful surges in 2016’s first half is really souring sentiment and vexing traders. They are trying to figure out if gold’s recent consolidation drift is the dawn of a new bearish trend or a healthy pause within an ongoing bull. The likely answer comes from understanding what’s causing gold’s high consolidation.

news.goldseek.com >> 9 September 2016

Gold Stocks’ Massive Correction
By: Adam Hamilton, Zeal Intelligence
Gold stocks have suffered a terrible month, plunging in a serious selloff. The resulting carnage has left investors and speculators shaken, wondering if this red-hot sector’s blistering new bull this year has already run out of steam. These fears are misplaced, as massive corrections are common in major gold-stock bulls. They create bulls’ best buying opportunities in sentimental, technical, and fundamental terms.

news.goldseek.com >> 2 September 2016

Silver Miners’ Q2’16 Fundamentals
By: Adam Hamilton, Zeal Intelligence
The silver miners’ stocks have enjoyed an epic year, skyrocketing higher with silver’s new bull market. At best since mid-January alone, some of these elite stocks had actually septupled! Naturally such extreme gains beg the question of whether they can possibly be fundamentally justified. The recently-released second-quarter financial and operational results of the top silver miners offer much insight on this.

news.goldseek.com >> 26 August 2016

Gold Juniors’ Q2’16 Fundamentals
By: Adam Hamilton, Zeal Intelligence
The junior gold miners and explorers have soared dramatically in an amazing year, before falling hard this week. This sharp correction is doing its job in rebalancing bull-market sentiment, crushing greed and leaving traders wary of this sector. But gold juniors’ recently-released second-quarter financial and operational results prove their fundamentals are strengthening dramatically, a very bullish omen for stock prices.

news.goldseek.com >> 19 August 2016

Gold Miners’ Q2’16 Fundamentals
By: Adam Hamilton, Zeal Intelligence
The gold miners’ stocks have skyrocketed this year as investors started returning to this long-abandoned sector. Many have tripled, quadrupled, or even quintupled since mid-January alone! But are such epic gains fundamentally justified? Much insight into this crucial question for investors can be gleaned from the gold miners’ latest quarterly financial and operational results. Their Q2 reports just finished coming in.

news.goldseek.com >> 12 August 2016

Fueling Gold Stocks’ Next Upleg
By: Adam Hamilton, Zeal Intelligence
Gold stocks’ new bull market this year has already proven breathtaking. This obscure sector has nearly tripled within a matter of months, yielding immense profits for the smart contrarians who bought in low. But after such a blistering surge, what’s going to fuel gold stocks’ next upleg? Heavy gold investment buying driving its price much higher will greatly boost gold-mining profitability, attracting in far more capital.

news.goldseek.com >> 5 August 2016

Gold Stocks’ Autumn Rally
By: Adam Hamilton, Zeal Intelligence
The gold miners’ stocks have already enjoyed a phenomenal year, blasting higher with gold’s new bull market. This sector’s market-dominating performance has been amazing. Yet incredibly, the gold stocks are only now entering their strongest time of the year seasonally. Historically during bull-market years the gold stocks have enjoyed massive autumn rallies on average, starting right about now which is very bullish.

news.goldseek.com >> 29 July 2016

Gold-Stock-Benchmark Battle
By: Adam Hamilton, Zeal Intelligence
The gold-mining stocks have enjoyed enormous gains in their young bull market this year, trouncing all other sectors. Naturally this radical outperformance has led to surging popular interest in this usually-obscure contrarian sector. New investors are wondering how to best track its performance, about which gold-stock benchmark is the definitive one to use. Something of a battle is brewing over new versus old.

news.goldseek.com >> 22 July 2016

Silver Bull Faces Correction
By: Adam Hamilton, Zeal Intelligence
Silver’s young bull market got off to a typically-slow start, lagging gold’s own new bull. But recently the white metal surged to catch up in a record summer rally. That left silver very overbought and facing near-term correction risks led by a record futures selling overhang and weak late-summer seasonals. But this strengthening bull still has a long ways higher to run yet before silver prices reflect prevailing gold levels.

news.goldseek.com >> 15 July 2016

Gold’s Record Selling Overhang
By: Adam Hamilton, Zeal Intelligence
Gold’s mighty new bull market this year has been amazing, the result of heavy buying by investors and speculators alike. But these latter traders have pumped so much capital into gold futures that this metal now faces a record selling overhang. Since the hyper-leveraged nature of futures trading demands an ultra-short-term focus, speculators’ excessive bullish bets on gold pose major near-term downside risks.

news.goldseek.com >> 8 July 2016

Gold Stocks’ Record Summer Surge
By: Adam Hamilton, Zeal Intelligence
The red-hot gold miners’ stocks have continued blasting higher this summer on heavy ETF buying by professional money managers. Funds’ ongoing big capital inflows into this market-leading sector have overcome its usual summer seasonal weakness. While gold stocks’ odds-defying record early-summer surge certainly ramps short-term downside risk, this year’s dazzling new gold-stock bull still remains young.

news.goldseek.com >> 1 July 2016

Picking Great Gold Stocks
By: Adam Hamilton, CPA
One of the primary keys to success in investment and speculation is picking the right stocks to trade. That’s no mean feat, as it takes great effort, expertise, and time to winnow the whole field down to the likely winners with the best fundamentals. Gold stocks’ dazzling market-leading performances so far this year have sparked much interest in what factors to consider to pick great stocks in this red-hot sector.

news.goldseek.com >> 24 June 2016

Gold Summer-Doldrums Risk
By: Adam Hamilton, Zeal Intelligence
Gold’s recent weakness has dampened bullish sentiment, but the entire precious-metals complex has actually enjoyed record early-summer strength. The summer doldrums have always been a vexing time for gold, silver, and the stocks of their miners. Without any recurring seasonal demand surges in June and July, sideways-to-lower drifts are common in this seasonally-weakest time before big autumn rallies.

news.goldseek.com >> 17 June 2016

Gold-Stock Summer Breakout?
By: Adam Hamilton, CPA
Despite gold stocks’ sharp rally in recent weeks, we remain in the weakest time of the year seasonally for gold and gold stocks in June and July. History has proven the odds don’t favor sustainable summer rallies until early August. Thus it’s not prudent to chase these rallies and add new positions at this point. Enjoy the mounting gains in gold stocks you already own, but wait until seasonals shift bullish to buy more.

news.goldseek.com >> 10 June 2016

Massive Gold Investment Buying 2
By: Adam Hamilton, Zeal Intelligence
Gold’s strong gains so far this year have been overwhelmingly fueled by one dominant driver, massive investment buying. After shunning prudent portfolio diversification with gold for years, investors are finally starting to reestablish those essential positions. And since their collective gold holdings were so incredibly low heading into 2016, reflecting hyper-bearish sentiment, gold’s investment buying has only begun.

news.goldseek.com >> 27 May 2016

Gold Juniors’ Q1’16 Fundamentals
By: Adam Hamilton, Zeal Intelligence
The smaller gold-mining and exploration stocks have enjoyed an amazing year, soaring with gold’s new bull market. Many have more than doubled since mid-January, and some have more than tripled at best in that short span. Are such spectacular gains fundamentally-justified, or merely the result of ephemeral sentiment that could vanish anytime? The gold juniors’ recently-reported Q1’16 results offer great insights.

news.goldseek.com >> 20 May 2016

Silver Miners’ Q1’16 Fundamentals
By: Adam Hamilton, Zeal Intelligence
The world’s elite silver miners just finished reporting their operating results from 2016’s first quarter, and they were impressive. This industry continued to drive its costs lower even as silver finally started mean reverting out of mid-December’s deep secular low. The silver miners are beautifully positioned to enjoy soaring operating profits as silver’s young new bull market continues gradually marching higher on balance.

news.goldseek.com >> 13 May 2016

Gold Miners’ Q1’16 Fundamentals
By: Adam Hamilton, Zeal Intelligence
The gold miners’ stocks have skyrocketed this year as investors started returning to this long-abandoned sector. Many have doubled since January, with plenty tripling or even quadrupling. Naturally such fast gains raise concerns about whether they are actually fundamentally justified or merely the product of fleeting sentiment that could reverse. Gold miners’ latest quarterly results offer great fundamental insights.

news.goldseek.com >> 6 May 2016

Gold Stocks Too Far Too Fast?
By: Adam Hamilton, Zeal Intelligence
The gold-mining stocks have skyrocketed this year, radically outperforming every other sector. Smart contrarians who bought them low late last year and in January have seen their capital doubled, tripled, and even quadrupled! But such blistering gains raise the ominous specter of crippling overboughtness, conditions preceding major toppings. Have gold stocks come too far too fast to continue their epic run?

news.goldseek.com >> 29 April 2016

Silver Miners Strong in Grim Q4
By: Adam Hamilton, CPA
The silver miners showed impressive fundamental strength during 2015’s grim fourth quarter. That was the worst silver suffered in many years, a perfect-storm trough with major secular lows fueling extreme bearish sentiment. Traders feared this entire industry faced an existential threat, so they fled in terror from silver stocks. But silver miners’ strong operational performances aced that severe trial with flying colors.

news.goldseek.com >> 22 April 2016

Silver’s New Bull Market
By: Adam Hamilton, CPA
Silver officially entered a new bull market this week, decisively crossing the necessary +20% threshold. Speculators and investors alike are returning as awareness spreads of how radically undervalued silver is compared to prevailing gold prices. When silver awakens to a new bull market after a long bearish slumber, massive gains are usually unleashed. Silver’s tiny advance so far is just the tip of the iceberg.

news.goldseek.com >> 15 April 2016

Gold Stocks Double, To Double
By: Adam Hamilton, Zeal Intelligence
Gold-mining stocks surged higher this past week after breaking free from their high consolidation. This newest upleg catapulted gold stocks to a doubling in less than 3 months, a remarkable world-leading performance. But despite its quick doubling, this red-hot sector still has another easy doubling left to come from here. Gold-mining stocks still remain greatly undervalued relative to prevailing gold prices.

news.goldseek.com >> 8 April 2016

Gold Defies Stock Bear Rally
By: Adam Hamilton, Zeal Intelligence
Gold has spent much of the past couple months consolidating, vexing traders and bleeding away most of early 2016’s enthusiasm that catapulted the yellow metal higher. But this sideways grind has actually been a very impressive show of strength. Gold managed to hold its massive gains despite an incredible stock-market rally, which can really sap gold investment demand. This portends another major gold upleg.

news.goldseek.com >> 1 April 2016

Silver Is Coiled Spring
By: Adam Hamilton, Zeal Intelligence
Silver’s reluctant, sluggish participation in early 2016’s powerful gold rally has been glaringly obvious. Instead of amplifying the yellow metal’s big gains as in the past, silver largely failed to even keep pace. The lack of silver confirmation for gold’s big move has certainly raised concerns. But despite silver’s vexing torpidity in recent months, it is a coiled spring ready to explode higher to catch and surpass gold.

news.goldseek.com >> 25 March 2016

Gold Stocks’ Spring Rally
By: Adam Hamilton, Zeal Intelligence
The red-hot gold stocks have spent most of March in consolidation mode, grinding sideways near their 2016 highs. Interestingly this month’s rally pause is par for the course seasonally in gold-stock bull markets. Like gold itself, this sector tends to slump to a seasonal low in mid-March before embarking on a strong spring rally in April and May. With gold stocks back in a bull, their seasonality warrants consideration.

news.goldseek.com >> 18 March 2016

Gold Stocks’ Tiny Baby Bull
By: Adam Hamilton, Zeal Intelligence
Gold stocks have radically outperformed every other sector in the stock markets this year, blasting higher as investors flock back to gold. This powerful surge is spawning worries that gold stocks’ new bull run is in danger of exhausting itself. But such fears are totally unfounded. A longer-term perspective reveals that gold stocks’ baby bull market in 2016 remains tiny in the grand scheme. This new bull has barely begun.

news.goldseek.com >> 11 March 2016

Gold Juniors Strong in Dark Q4
By: Adam Hamilton, Zeal Intelligence
With gold miners’ stock prices surging dramatically this year, investors’ attention is starting to return to the gold juniors. These smaller miners and explorers suffered terribly in recent years, all but abandoned as gold slumped to major secular lows. But even during gold’s darkest quarter, the fundamentals of the juniors actually mining gold remained quite strong. This portends explosive profits growth as gold recovers.

news.goldseek.com >> 4 March 2016

Massive Gold Investment Buying
By: Adam Hamilton, CPA
American stock investors are leading the way with enormous differential demand for GLD shares. The end of the Fed’s record easing is plunging the US stock markets into a long-overdue new cyclical bear. And as stock markets weaken, gold investment demand for prudent portfolio-diversification purposes soars. And coming out of record gold underinvestment, years of strong buying will be necessary to normalize.

news.goldseek.com >> 19 February 2016

Gold Miners Thrive in Bleak Q4
By: Adam Hamilton
And this year the gold miners are projecting similar all-in sustaining costs even as gold mean reverts much higher out of last year’s unsustainable extremes. That portends exploding profits as gold’s gains are leveraged. This is exceedingly bullish fundamentally for the battered gold stocks, which still need to multiply from today’s levels merely to reflect today’s gold prices. There are great fortunes still to be won.

news.goldseek.com >> 12 February 2016

Gold-Stock Upside Targets
By: Adam Hamilton, Zeal Intelligence
The gold miners’ stocks are rocketing higher again, multiplying wealth for smart contrarian traders who bought them low in recent months. But after such a blistering surge, traders are naturally wondering how much farther gold stocks can run. Is it time to realize gains, or buy aggressively for greater gains to come? This critical question can be answered by looking at fundamentally-derived gold-stock price targets.

news.goldseek.com >> 5 February 2016

Gold, Miners Rocket Higher
By: Adam Hamilton, CPA
The gold stocks are ultimately just a leveraged play on gold prices. Since their mining costs are largely fixed when mines are built, the price of gold overwhelmingly determines the profitability of mining it. And stock prices always eventually gravitate towards some reasonable multiple of the earnings of their underlying companies. Since rising gold prices lead to exploding mining profits, gold-mining stocks skyrocket.

news.goldseek.com >> 29 January 2016

US Mint Bullion-Coin Sales 4
By: Adam Hamilton, Zeal Intelligence
Recent years have seen countless claims that gold and silver prices have to head far lower, implying demand is low or supply is high. But the actual data continues to prove this false, showing precious-metals bearishness is rooted in sentiment and not fundamentals. One fascinating microcosm of gold and silver demand comes in the form of the US Mint’s sales of its popular American Eagle bullion coins.

news.goldseek.com >> 22 January 2016

Absurd Gold-Stock Levels 3
By: Adam Hamilton, Zeal Intelligence
Gold stocks remain the pariah of the investment world. Despite gold’s strong early-year gains, the stocks of its miners have slumped to new secular lows. This whole forsaken sector continues to languish at fundamentally-absurd price levels, an extreme anomaly that is long overdue to start unwinding. The gold miners will be bid massively higher to reflect their impressive profitability even at today’s dismal gold prices.

news.goldseek.com >> 15 January 2016

Major Stock Bear Awakening
By: Adam Hamilton, Zeal Intelligence
The US stock markets have suffered their worst early-year losses in history in young 2016, an ominous proof that a major trend change is underway. The Fed’s new tightening cycle is already slaying recent years’ extraordinary easy-Fed-fueled stock-market levitation. Unfortunately the only possible reckoning after such a record artificial stock boost is a long-overdue major bear market that is finally awakening.

news.goldseek.com >> 8 January 2016

Fed’s Market Distortions Unwind
By: Adam Hamilton, Zeal Intelligence
The world’s financial markets changed dramatically entering this young new year, led by sharp stock selloffs and a mounting gold rally. These are major reversals from recent years’ action. The immediate catalysts were China’s plummeting stocks and ongoing yuan devaluation. But the far larger underlying driver is the Fed’s first tightening cycle in a decade, which is just starting to unwind years of gross distortions.

news.goldseek.com >> 31 December 2015

Fueling Gold’s 2016 Upleg
By: Adam Hamilton, Zeal Intelligence
Gold certainly had a rough year in 2015, grinding inexorably lower on Fed-rate-hike fears and investor abandonment. But gold is poised to rebound dramatically in this new year, mean reverting out of its recent deep secular lows. The drivers of gold’s weakness have soared to such extremes that they have to reverse hard. The resulting heavy buying from dominant groups of traders will fuel gold’s mighty 2016 upleg.

news.goldseek.com >> 24 December 2015

Stocks in Rate-Hike Cycles
By: Adam Hamilton, Zeal Intelligence
The stock-market outlook in 2016 is riddled with great uncertainty following the Fed ending its 7-year-old zero-interest-rate policy. With the first rate-hike cycle in nearly a decade just getting underway, traders are anxiously wondering how it will impact the stock markets. While raising rates out of ZIRP is radically unprecedented, stock-market reactions during past rate-hike cycles still offer some interesting insights.

news.goldseek.com >> 18 December 2015

Post-ZIRP Stock/Gold Era
By: Adam Hamilton, Zeal Intelligence
The Federal Reserve finally mustered the courage to end its radical zero-interest-rate-policy experiment this week. Its quarter-point rate hike announced on the seventh anniversary of ZIRP kicks off the long road to normalization. This leaves the stock markets and gold in unprecedented uncharted territory. The Fed has never before attempted to exit ZIRP, let alone in the midst of such extremely distorted markets.

news.goldseek.com >> 11 December 2015

Gold Thrives in Rate-Hike Cycles
By: Adam Hamilton, Zeal Intelligence
Gold’s deep new secular lows of recent weeks were fueled by American futures speculators’ overpowering fear of Fed rate hikes. They believe zero-yielding gold is doomed in a higher-rate world, so they dumped gold futures at astounding record rates. The problem is history proves just the opposite, that gold tends to thrive during Fed-rate-hike cycles. This revelation is a super-bullish near-term omen for gold.

news.goldseek.com >> 4 December 2015

Gold’s Artificial Lows 2
By: Adam Hamilton, Zeal Intelligence
Gold’s latest slide to new secular lows has amplified the hyper-bearish sentiment long plaguing it. More than ever, traders are universally convinced gold is doomed to drift lower indefinitely. But these extreme gold lows are not fundamentally righteous, they resulted from extreme record gold-futures shorting. As these risky leveraged bets must soon be covered, prices driven by them are artificial and unsustainable.

news.goldseek.com >> 27 November 2015

Stock Topping Valuations
By: Adam Hamilton
The prevailing valuations in the lofty US stock markets are increasingly becoming a bone of contention. Wall Street calmly asserts stocks are reasonably valued, since it has a huge vested interest in keeping people fully-invested. But with valuations soaring following a massive rally and weak third-quarter earnings season, they are dangerously high and portend great downside risk. Stock topping valuations abound.

news.goldseek.com >> 20 November 2015

Gold Miners’ Strong Q3 Results
By: Adam Hamilton, Zeal Intelligence
The beleaguered gold-mining sector continues to be plagued by monumental universal bearishness. Nearly everyone assumes the gold miners are doomed, that they can’t survive for long in a sub-$1200-gold environment. But this belief is totally wrong, a consequence of extreme fear’s fog of war. The gold miners’ underlying earnings fundamentals remain very strong, as evidenced by their recent Q3 results.

news.goldseek.com >> 13 November 2015

Absurd Gold-Stock Levels 2
By: Adam Hamilton, Zeal Intelligence
Gold stocks have suffered heavy collateral damage following the Federal Reserve’s hawkish surprise late last month, which ignited enormous gold-futures selling by American speculators. This devastated sector has been battered back down near last summer’s deep secular lows. But these gold-stock price levels are fundamentally absurd, the product of extreme and irrational sentiment that can’t persist for long.

news.goldseek.com >> 6 November 2015

Shorts Savage Gold After Fed
By: Adam Hamilton, Zeal Intelligence
Gold has enjoyed a strong new uptrend in recent months following last summer’s extreme gold-futures shorting attack. But speculators returned with a vengeance this past week, aggressively dumping gold futures again following a hawkish surprise by the Fed. The resulting gold plunge shattered its support, and thrust sentiment back into hyper-bearish territory. But gold-futures shorting soon reverses to big buying.

news.goldseek.com >> 30 October 2015

Fed’s US Debt Bomb
By: Adam Hamilton, Zeal Intelligence
With the Federal Reserve’s first rate-hike cycle in nearly a decade looming, traders are working overtime trying to divine its timing and impact on the markets. They are closely monitoring the same employment and inflation data the Fed will use to start tightening. But there’s another little-discussed concern for the Fed, the solvency of the US government. The Fed’s zero-interest-rate policy has spawned a grave US debt bomb.

news.goldseek.com >> 23 October 2015

Silver’s Deep Undervaluation
By: Adam Hamilton, Zeal Intelligence
Silver is finally showing some signs of life after suffering a dark year. The epically-bearish sentiment that bludgeoned this metal to major secular lows is cracking, with a strong rebound rally now underway. And this recent buying is likely just the earliest vanguard, as silver remains deeply undervalued relative to its primary driver gold. Silver will need an utterly massive upleg to fully mean revert to normal levels.

news.goldseek.com >> 16 October 2015

Radical Gold Underinvestment 2
By: Adam Hamilton, Zeal Intelligence
Despite gold blasting higher this month, this metal remains deeply out of favor among investors. They have shunned it for years thanks to extreme central-bank money printing levitating stock markets. This slayed demand for alternative investments, led by gold. But the resulting radical underinvestment in gold today is super-bullish. Vast capital inflows will be necessary to return gold investment to normal levels.

news.goldseek.com >> 9 October 2015

Gold Stocks’ Major Breakout
By: Adam Hamilton, Zeal Intelligence
The left-for-dead gold stocks have rallied dramatically this past week, surging to a major breakout. This pivotal technical event reveals the hyper-bearish psychology plaguing this sector in recent months is dissipating, paving the way for investment capital to return. And given the fundamentally-absurd price levels in this battered sector, this new gold-stock buying is likely just the initial vanguard of a massive new upleg.

news.goldseek.com >> 2 October 2015

Fed’s Serious Inflation Risks
By: Adam Hamilton, Zeal Intelligence
Traders today universally believe inflation is dead, that there is no persistent decline in the purchasing power of money. That’s what government price indexes around the world are indicating. But this false notion is one of recent years’ main Fed-conjured illusions. Price inflation is the result of rising money supplies, and they have been skyrocketing. Serious risks are mounting that they will spill into price levels.

news.goldseek.com >> 25 September 2015

Gold’s Dead-Wrong Psychology
By: Adam Hamilton, Zeal Intelligence
Gold has lapsed deeper into pariahdom this year, becoming the most-hated investment class in all the markets. Traders are avoiding it like the plague, utterly convinced gold is doomed to spiral lower perpetually. But this wildly-bearish psychology is dead wrong. Financial markets are forever cyclical, and gold is no exception to history’s ironclad rule. The best time to be heavily long anything is when few others are.

news.goldseek.com >> 18 September 2015

Fed’s Vast Gold/SPX Impact
By: Adam Hamilton, Zeal Intelligence
Yesterday’s Fed decision was one of the most anticipated ever, with much potential to really change the global financial-market dynamics going forward. But thanks to the Fed’s incredible market distortions of recent years, Fed meetings spawning exceptional volatility is nothing new. Fed decisions’ impacts on gold and stocks have been vast. And this next tightening cycle should reverse their Fed-imparted directionality.

news.goldseek.com >> 11 September 2015

Silver’s Vexing Slumber
By: Adam Hamilton
Silver has had a rough year, slumping to major new secular lows. After sliding on balance for years now, even the diehard silver bulls are losing faith in their metal. But despite its vexing slumber, silver’s price-appreciation potential from today’s levels remains enormous. Between radical underinvestment and very-high speculator silver-futures shorting, silver is poised to see massive buying as gold recovers.

news.goldseek.com >> 4 September 2015

Gold in Fed-Rate-Hike Cycles
By: Adam Hamilton, Zeal Intelligence
The epicenter of gold’s intractable weakness over the past couple years has been the Federal Reserve’s upcoming rate-hike cycle. Everyone assumes higher interest rates will devastate zero-yielding gold, leaving it far less attractive. This premise led investors to avoid gold like the plague, and speculators to short sell it at wild record extremes. But provocatively, history proves gold thrives in Fed-rate-hike cycles.

news.goldseek.com >> 28 August 2015

Fed’s Stock Levitation Failing
By: Adam Hamilton, Zeal Intelligence
The US stock markets just suffered an extraordinary plunge, shocking traders out of their complacency psychosis. This cast the foundational premise behind recent years’ incredible stock-market levitation into serious doubt. Traders are finally starting to question whether central banks can indeed manipulate stock markets higher indefinitely. Any wavering in this faith has very bearish implications for stock prices.

news.goldseek.com >> 21 August 2015

Gold Juniors’ Strong Financials
By: Adam Hamilton, Zeal Intelligence
The smaller gold miners and explorers have suffered catastrophic stock-price losses in recent years. These extreme declines have led investors and speculators to assume that much of this sector won’t survive lower prevailing gold prices. But nothing could be farther from the truth. The hated and left-for-dead junior-gold sector is not only very strong financially today, but could still thrive at much lower gold prices.

news.goldseek.com >> 14 August 2015

Gold Miners’ $1200-Cost Fallacy
By: Adam Hamilton, Zeal Intelligence
The entire gold-mining sector was crushed last month, suffering a full-blown panic. This was triggered by an extreme shorting attack on gold by American futures speculators. As fear-blinded traders rushed for the gold-stock exits, they claimed their selling was rational because gold miners’ very existence was threatened by such low gold prices. But that’s a total fallacy, this sector has no problem weathering sub-$1200 gold.

news.goldseek.com >> 7 August 2015

Gold’s Artificial Lows
By: Adam Hamilton, Zeal Intelligence
With gold languishing near deep secular lows, its technicals look hopelessly broken. Sentiment is off-the-charts bearish, with traders universally convinced gold is doomed to spiral lower indefinitely. But gold’s weakness this year is very deceiving, as it wasn’t the product of global fundamental supply-and-demand forces. Extreme record shorting by American futures speculators spawned these artificial lows.

news.goldseek.com >> 31 July 2015

Gold’s Amazing Resiliency
By: Adam Hamilton, Zeal Intelligence
Gold has certainly had a rough summer, facing withering selling pressure from record futures shorting. The resulting new secular lows have greatly exacerbated the already-extreme bearish psychology long plaguing this metal. But considering the howling headwinds gold has suffered in recent years, it has actually proved amazingly resilient. This indicates strong latent demand due to accelerate as sentiment shifts.

news.goldseek.com >> 24 July 2015

Absurd Gold-Stock Levels
By: Adam Hamilton, Zeal Intelligence
Gold stocks suffered a full-blown panic this past week! This exceedingly-rare magnitude of selloff was triggered by extreme futures shorting intentionally executed to force a flash crash in gold. After gold’s major multi-year support failed in this Machiavellian onslaught, gold stocks plummeted. The levels of fear were so epic that this entire sector was slammed much deeper into fundamentally-absurd price territory.

news.goldseek.com >> 17 July 2015

Record Gold/Silver Shorting
By: Adam Hamilton, Zeal Intelligence
The miserable summer for precious metals grinds on, with both gold and silver limping along near major lows. Such dismal price action has exacerbated the extreme bearishness long plaguing this sector, sparking even more capitulation. But this incredible weakness will be short-lived, as it was driven by American futures speculators’ record short selling. That will soon reverse into guaranteed, proportional buying.

news.goldseek.com >> 10 July 2015

China’s Stock-Bubble Burst
By: Adam Hamilton, Zeal Intelligence
China’s stock bubble has burst, with its stock markets utterly collapsing after rocketing parabolic. The failure of this popular speculative mania has grave implications for the global stock markets. It shatters the universally-believed myth that central banks can nullify normal market cycles. No government has more power over its stock markets than China’s, yet not even it could magically eradicate greed and fear.

news.goldseek.com >> 3 July 2015

Fed’s Full Normalization
By: Adam Hamilton, Zeal Intelligence
The US Federal Reserve has been universally lauded for the apparent success of its extreme monetary policy of recent years. With key world stock markets near record highs, traders universally love the Fed’s zero-interest-rate and quantitative-easing campaigns. But this celebration is terribly premature. The full impact of these wildly-unprecedented policies won’t become apparent until they are fully normalized.

news.goldseek.com >> 26 June 2015

Extreme Gold/Silver Shorting
By: Adam Hamilton, Zeal Intelligence
Gold and silver are languishing near major lows, trudging through the barren sentiment wasteland of the summer doldrums. The major factor behind this weakness is extreme shorting by American futures speculators. But their heavily-bearish bets are actually very bullish for both precious metals. Not only do these traders as a herd always bet wrong at price extremes, their shorts are guaranteed near-future buying.

news.goldseek.com >> 19 June 2015

Fed Shift Is Major Stock Risk
By: Adam Hamilton
These Fed-levitated stock markets that have almost magically avoided significant selloffs thanks to QE, ZIRP, and the associated Fed jawboning are in serious trouble when this next tightening cycle arrives. It will prove an extraordinarily-risky time for extraordinarily-anomalous markets. So sell high while you still can, and redeploy some of that capital by buying low in the precious metals which are set to soar.

news.goldseek.com >> 12 June 2015

Gold Seasonals Bottoming
By: Adam Hamilton, Zeal Intelligence
Gold remains deeply out of favor, languishing near major lows. Traders are still convinced gold is going nowhere, and want nothing to do with it. But provocatively that’s par for the course in early June, when gold slumps to its most-important seasonal low. Gold’s seasonals are now bottoming, just ahead of the usual major surges in global gold demand coming in late summer and autumn. This is a fantastic time to buy.

news.goldseek.com >> 5 June 2015

Radical Gold Underinvestment
By: Adam Hamilton, Zeal Intelligence
Gold remains deeply out of favor thanks to global central banks’ extreme money printing. This fueled a global stock-market levitation that has temporarily short-circuited normal market cycles, leaving investors infatuated with stocks to the exclusion of prudent portfolio diversification. This has left them radically underinvested in gold, which sets the stage for massive mean-reversion buying when they inevitably return.

news.goldseek.com >> 29 May 2015

Investing’s Great Struggle
By: Adam Hamilton, Zeal Intelligence
The great endeavor of investing can be distilled down into four simple words, buy low sell high. They are so basic, so resoundingly clear, that even a child can understand this principle. Yet still the great majority of investors never achieve significant success. Even while full-well knowing the core idea of investing, they end up buying high and selling low. That treacherous struggle of investing must be overcome.

news.goldseek.com >> 22 May 2015

Gold’s Primary Driver Bullish
By: Adam Hamilton
Gold has been fairly volatile so far this year, seeing plenty of big daily surges and selloffs. But with all these largely netting out to the sideways grind of recent months, gold’s price action has been frustrating for bullish and bearish traders alike. Gaming gold in these strange central-bank-distorted times requires closely watching its primary driver, the collective bets of American futures speculators. They portend a rally.

news.goldseek.com >> 15 May 2015

Silver Buying Only Starting
By: Adam Hamilton, Zeal Intelligence
Silver has enjoyed a fantastic week, awakening from its bottoming slumber to surge with gold. And this strong silver investment demand is likely only starting. American stock traders and futures speculators control two of the world’s largest pools of capital active in the silver market. And the former group still remains woefully underinvested in silver, while the latter still has massive short positions left to cover.

news.goldseek.com >> 8 May 2015

Gold Stocks Recovering
By: Adam Hamilton, Zeal Intelligence
Gold stocks’ reign as the most despised sector in all the stock markets remains unchallenged. They’ve even been abandoned by contrarians. But such universal antipathy and apathy is the breeding ground for major bottoms. And despite gold’s lackluster performance, gold stocks have actually been rallying on balance for 6 months now. Given their extreme undervaluations relative to gold, this strength is likely to persist.

news.goldseek.com >> 24 April 2015

China Stock Mania’s Global Risk
By: Adam Hamilton, Zeal Intelligence
The Chinese stock markets have been rocketing higher in a popular speculative mania. New Chinese investors are flocking to their local red-hot markets, borrowing heavily to buy hyper-speculative stocks. Like all past manias, this one is guaranteed to end badly. And when China’s parabolic stock indexes inevitably collapse, the global stock markets face serious risks of getting sucked into that fear-fueled stampede.

news.goldseek.com >> 17 April 2015

Q1 Earnings Risky for Stocks
By: Adam Hamilton, Zeal Intelligence
The highly-anticipated first-quarter earnings season is in full swing, with traders eager to see how US companies are faring. While expectations are low, these profits releases still collectively pose serious risks for today’s overvalued and overextended US stock markets. A few high-profile misses could prove all it takes to unleash a long-overdue serious selloff. Investors and speculators alike need to remain wary.

news.goldseek.com >> 10 April 2015

Gold-Futures Short Covering
By: Adam Hamilton, Zeal Intelligence
Gold’s bottoming consolidation grind continues, with investment demand still garroted by sky-high world stock markets and the parabolic US dollar. With investors missing in action, gold prices remain totally at the mercy of American futures speculators. These perpetually-bearish traders are once again heavily short gold, which has led to sharp short-covering rallies in recent years. The latest one has just started.

news.goldseek.com >> 5 April 2015

Silver Fortunes
By: Scott Wright, Zeal Intelligence
The Spaniards of centuries past controlled the world’s elite maritime fleet. And this fleet’s colonization of the Americas is well-documented. The Spanish Crown would have told you their primary mission was to convert the indigenous people to Catholicism. But in reality it was trade and a craving for all things exotic that ultimately supported this campaign.

news.goldseek.com >> 27 March 2015

Gold to Fuel Silver Upleg
By: Adam Hamilton, Zeal Intelligence
Silver reversed sharply higher over the past week or so, surging dramatically. This was just after it had successfully retested major secular lows, ramping the odds this strong buying is the vanguard of a long-overdue major new upleg. As usual, silver’s coming gains will be fueled by gold’s own advance. As the yellow metal mean reverts higher initially on heavy futures short covering, capital will flock back to silver.

news.goldseek.com >> 20 March 2015

Silver Poised to Surge
By: Adam Hamilton, Zeal Intelligence
Silver is scraping major support again, after a rough couple months where speculators left it for dead. But today’s brutal lows and extreme universal bearishness are the perfect breeding ground for silver’s next big rally. Investors are very underexposed, while speculators have big short positions that will have to be covered. So as gold reverses decisively and paves the way, capital is going to flood back into silver.

news.goldseek.com >> 13 March 2015

Trading the Parabolic Dollar
By: Adam Hamilton, Zeal Intelligence
The mighty US dollar has been red-hot in March, rocketing higher on the incredible divergence of major central-bank policies. While the Federal Reserve’s first rate-hike cycle in 9 years looms, the European Central Bank has started aggressively monetizing sovereign debt for the first time ever. The resulting yield differential has catapulted the dollar parabolic, portending a major reversal and fantastic trading opportunity.

news.goldseek.com >> 6 March 2015

Major Stock Selloff Looms 3
By: Adam Hamilton, Zeal Intelligence
The latest record highs in the US stock markets have unleashed astounding complacency. Traders are utterly convinced that the past couple years’ massive Fed-fueled rally will continue indefinitely. But with today’s lofty stock markets extremely overvalued, wildly overextended, and rampantly euphoric, a serious selloff is looming. The prudent contrarians preparing for this inevitable major reversal are going to earn fortunes.

news.goldseek.com >> 20 February 2015

Beware the Stock Bear!
By: Adam Hamilton, Zeal Intelligence
The US stock markets’ latest record highs have left traders exceedingly euphoric and complacent. They are utterly convinced this stock bull will power higher for years to come. But their enthusiasm is very misplaced. In real inflation-adjusted terms, the US stock markets only just regained breakeven levels 15 years after the last secular bull peaked. Now the secular stock bear ever since is overdue for a new cyclical bear.

news.goldseek.com >> 13 February 2015

Gold and Fed Rate Hikes
By: Adam Hamilton, Zeal Intelligence
Gold’s sharp early-year surge has fizzled in recent weeks as investment demand faded. The primary reason is the universal belief that the Fed’s upcoming rate hikes are very bearish for gold. Higher rates will make zero-yielding gold relatively less attractive, argues this popular thesis. But history proves just the opposite. Gold actually thrives in rising- and higher-rate environments, so rate hikes are nothing to fear.

news.goldseek.com >> 6 February 2015

Gold-Stock Volume Growing
By: Adam Hamilton, Zeal Intelligence
There’s no doubt the gold-mining stocks remain deeply out of favor, collateral damage from the Fed’s gross financial-market distortions of recent years. But sentiment is shifting, with stock traders starting to regain interest in this left-for-dead sector. Gold-stock trading volume is really growing as capital returns. And since higher volume is an essential precursor to major new uplegs, its growth is a very bullish portent.

news.goldseek.com >> 23 January 2015

Stock Traders Flock to Gold
By: Adam Hamilton, Zeal Intelligence
Gold surged this week on massive buying from stock investors and speculators. This critical group of traders and their vast pools of capital utterly abandoned gold in the past couple years. So to see them start to flock back is a watershed event, heralding a major reversal in gold’s fortunes. And with their gold exposure remaining near extreme lows, they have vast buying left to do to restore prudent portfolio diversification.

news.goldseek.com >> 16 January 2015

Silver Ready to Run
By: Adam Hamilton, Zeal Intelligence
Silver looks to be on the verge of a major new upleg, finally emerging from the past couple years’ ugly sentiment wasteland. This beleaguered precious metal recently bottomed as futures speculators threw in the towel on their extreme shorting. And while investors’ ongoing silver stealth buying continues, it’s been modest. So there is vast room for capital inflows to accelerate dramatically as gold mean reverts higher.

news.goldseek.com >> 9 January 2015

Gold Stocks Turning Up
By: Adam Hamilton, Zeal Intelligence
The gold miners have seen impressive investor interest in their beaten-down stocks in this young new year, with capital inflows fueling a sharp rally. And this buying is likely just beginning, as major market changes are afoot that should catapult gold much higher. With gold stocks trading at fundamentally-absurd price levels relative to prevailing gold prices, this sector’s upside potential is vast and unequalled.

news.goldseek.com >> 2 January 2015

Fed Abandons Stock Markets
By: Adam Hamilton, Zeal Intelligence
The seemingly-invincible US stock markets powered higher again last year, still directly fueled by the Fed’s epic quantitative-easing money printing. But 2015 is shaping up to be radically different from the past couple years. The Fed effectively abandoned the stock markets when it terminated its bond buying late last year. So this year we will finally see if these lofty stock markets can remain afloat without the Fed.

news.goldseek.com >> 19 December 2014

Gold Stocks Shine in 2015
By: Adam Hamilton, Zeal Intelligence
Gold stocks have suffered a miserable few years, becoming a laughingstock even among contrarians. But this despised sector’s seemingly-endless downward spiral has left gold stocks vastly undervalued relative to gold, which drives their profits. The fundamentally-absurd disconnect between gold-stock price levels and gold can’t last. And it sure looks ready to end, making 2015 the year gold stocks shine again.

news.goldseek.com >> 12 December 2014

SPX Topping Valuations 4
By: Adam Hamilton, Zeal Intelligence
The prevailing valuations in the lofty US stock markets are increasingly becoming a bone of contention. Wall Street calmly asserts stocks are fairly valued or even cheap, since it has a huge vested interest in keeping people fully-invested. But a growing chorus of dissenters is disputing that idyllic notion, warning that stock valuations are very high and portend great downside risk. Indeed, topping valuations abound.

news.goldseek.com >> 5 December 2014

Gold Shorting Exhaustion
By: Adam Hamilton, Zeal Intelligence
Gold’s been on an incredible roller-coaster ride over the past couple months, whipsawing like crazy. And contrary to popular rationalizations, these swings had absolutely nothing to do with fundamentals. Their sole driver has been American speculators’ extreme shorting of gold futures, which has battered gold’s price around in the absence of investment demand. But this epic gold shorting looks exhausted.

news.goldseek.com >> 24 November 2014

GLD and Gold’s Selloff
By: Adam Hamilton
Gold has suffered a rough couple of months, getting pounded below major support. One driver was stock-market capital flowing out of gold again, as evidenced by renewed differential selling pressure seen in gold-ETF shares. But this was minor compared to last year’s, despite extreme bearish sentiment plaguing gold. Gold-ETF selling exhaustion has effectively been hit, paving the way for big rebound buying.

news.goldseek.com >> 14 November 2014

Gold-Stock Apocalypse
By: Adam Hamilton, Zeal Intelligence
This latest capitulation by gold-stock investors has left this hated sector at truly apocalyptic lows. Bearish consensus is so extreme that pretty much everyone believes the gold miners are doomed to spiral lower forever. But today’s horrendous gold-stock price levels aren’t righteous, they’re a temporary emotional fiction conjured by epic fear. Trading at fundamentally-absurd levels, gold stocks are due to mean revert far higher.

news.goldseek.com >> 7 November 2014

Election, Fed, and Stocks
By: Adam Hamilton, Zeal Intelligence
Americans spoke loudly and clearly at the polls this week, repudiating Obama’s and the Democrats’ failed big-government policies. This huge Republican victory has serious implications for the Fed and US stock markets. Republican lawmakers have long opposed this easy Fed, and they will put great pressure on it to normalize its balance sheet and interest rates. This is an ominous omen for these Fed-inflated stock markets.

news.goldseek.com >> 31 October 2014

Canadian Golden Elephant
By: Scott Wright, Zeal Intelligence
Elephants are the world’s largest land animals. And though there aren’t many, they can still be found scattered across the planet. In the mining industry, super-large-sized deposits are often referred to as elephants. Like the animal, these deposits aren’t all that common. But also like the animal, they can still be found.

news.goldseek.com >> 24 October 2014

Bullish Silver Stealth Buying
By: Adam Hamilton, Zeal Intelligence
Battered silver remains deeply out of favor, recently plumbing miserable new lows after drifting sideways for most of 2014. This metal’s relentless and oppressive weakness continues to break the wills of long-suffering contrarians. But professional investors are taking advantage of the epically-bearish psychology plaguing silver. They’ve been steadily accumulating positions all year long in massive stealth buying.

news.goldseek.com >> 17 October 2014

Extreme PM Shorting Peaks
By: Adam Hamilton, Zeal Intelligence
The world’s financial markets are changing dramatically with the Federal Reserve on the verge of ending its third quantitative-easing campaign. The Fed’s massive deluge of inflation drastically distorted markets, which are finally starting to normalize. The precious metals were crushed by the Fed’s artificial levitation of the stock markets, leading to extreme futures shorting. But that looks to have peaked, a very bullish omen.

news.goldseek.com >> 10 October 2014

US Dollar Super-Overbought
By: Adam Hamilton, Zeal Intelligence
The US dollar has relentlessly blasted higher in recent months, achieving its longest consecutive-week rally in history. Speculators have flooded into the world’s reserve currency for a variety of reasons, ranging from Federal Reserve rate-hike hopes to festering Eurozone worries. But the resulting massive dollar surge has left it super-overbought while breeding universal bullishness, the precursors to a sharp selloff.

news.goldseek.com >> 26 September 2014

Major Stock Selloff Looms 2
By: Adam Hamilton, Zeal Intelligence
Since early 2013 the US stock markets have done nothing but rally, levitating thanks to the Fed’s oft-implied backstop. This incredibly unnatural behavior has left sentiment dangerously unbalanced, with hyper-complacency and euphoria running rampant. Only a major selloff can restore normal psychology. And with the Fed’s third quantitative-easing campaign ending, odds are high such a big downside event looms.

news.goldseek.com >> 19 September 2014

Cheap Gold Stocks’ Upleg Intact
By: Adam Hamilton, Zeal Intelligence
Gold stocks have plunged in September, crushed by the withering selling pressure from heavy futures shorting hammering gold. As usual, these falling prices have kindled extreme bearishness on this left-for-dead sector. But despite this rotten sentiment, gold stocks’ young upleg remains very much intact technically. This impressive resiliency is fueled by these miners’ incredibly-cheap fundamental valuations.

news.goldseek.com >> 12 September 2014

Heavy PM Shorting Bullish
By: Adam Hamilton, Zeal Intelligence
Gold and silver have been pounded lower over the past month, contrary to their bullish seasonals. This selling pressure has come from the usual suspects, American futures speculators. They’ve been busy aggressively dumping gold and silver futures, particularly on the short side. But each time they pressed this bet in the past 15 months, gold soon surged higher. Shorts are bullish since they must soon be covered.

news.goldseek.com >> 5 September 2014

QE3’s Ominous End Looms
By: Adam Hamilton, Zeal Intelligence
The Federal Reserve’s third quantitative-easing campaign is on track to wind down in late October. At that point the Fed will likely stop printing new money to buy bonds, a sea-change shift with ominous implications for the stock markets. Their entire surreal levitation during QE3 mirrored the huge growth in the Fed’s balance sheet from QE3’s bond monetizations. When they cease, another major selloff is likely.

news.goldseek.com >> 22 August 2014

Gold Rising-Rate Fallacy
By: Adam Hamilton, Zeal Intelligence
Gold has slid during this past week on mounting fears of interest-rate hikes. Between the latest FOMC meeting’s minutes and the Fed’s annual Jackson Hole Economic Policy Symposium, American futures speculators’ rising-rate phobias have been whipped into a fever pitch. They worry gold will be crushed when the Fed eventually starts normalizing rates. But history shatters this fallacy that rising rates are gold’s nemesis.

news.goldseek.com >> 15 August 2014

Gold Stocks’ Major New Upleg
By: Adam Hamilton, Zeal Intelligence
The gold stocks are almost certainly in the early stages of a major new upleg. Given the widespread apathy and antipathy still plaguing this beaten-down sector, that’s hard for most traders to swallow. But the gold stocks’ performance this year has already been outstanding. And heading into gold’s strong season, their gains should only accelerate. Gold stocks’ overdue mean reversion higher is well underway.

news.goldseek.com >> 8 August 2014

GLD Holdings Set to Surge
By: Adam Hamilton, Zeal Intelligence
The mighty GLD gold ETF’s bullion holdings have remained stable in 2014, an impressive feat. Last year they suffered an epic outlying record plummet as the Fed’s stock-market levitation sucked capital out of alternative investments. This year’s resiliency in the face of the ongoing stock-market melt-up almost certainly means the bottom is in. GLD’s holdings are set to surge as weaker stock markets entice traders back.

news.goldseek.com >> 25 July 2014

Gold’s Strong Season Starts
By: Adam Hamilton, Zeal Intelligence
Gold’s strong season is just getting underway, with this metal’s summer-doldrums seasonal low in place. The past couple months’ stiff headwinds are starting to shift to fierce tailwinds, thanks to Asian demand ramping up heading into autumn. Gold’s pronounced seasonality is very important for all investors and speculators to understand, as today’s inflection point is a very bullish omen for this still-unloved asset.

news.goldseek.com >> 18 July 2014

SPX Highs A Fed Illusion
By: Adam Hamilton, Zeal Intelligence
The surreal US stock markets have continued melting up in recent months, spurred ever higher by the Federal Reserve’s money printing and jawboning. The resulting record highs in the headline indexes have been widely trumpeted by Wall Street as evidence of a strong secular bull underway, with years still left to run higher. But these records are misleading, mere illusions conjured by the Fed’s relentless inflation.

news.goldseek.com >> 11 July 2014

Massive PM-Futures Buying
By: Adam Hamilton, Zeal Intelligence
Both gold and silver have enjoyed massive buying by American futures speculators in recent weeks. It all started with Fed chair Janet Yellen’s cavalier dismissal of inflation, but the buying momentum persisted well after that. Happening in the midst of the summer doldrums when global precious-metals investment demand is weak, this is an exceptionally-bullish portent. It is setting up the PMs for a major autumn upleg.

news.goldseek.com >> 3 July 2014

Top Junior Gold Producer
By: Scott Wright, Zeal Intelligence
The Timmins gold district is by far the most productive within Canada’s prolific Abitibi greenstone belt. It has produced in the neighborhood of 70m ounces of gold, and operations are still going strong. Namesake mining company Timmins Gold is forecasting 2014 output of 120k ounces, making it one of North America’s top junior gold producers. But provocatively not one of Timmins’ ounces is coming from within the Timmins district.

news.goldseek.com >> 27 June 2014

Record Gold-Stock Summer?
By: Adam Hamilton, Zeal Intelligence
Gold stocks have defied the odds to blast higher in the early summer doldrums. Investors have flocked back in recent weeks, their heavy buying driving record June-to-date gains. If this newfound momentum continues, gold stocks have the potential to achieve a record summer. With their exceptionally-bullish technicals this is certainly possible, but remains a tall order unless gold’s rare summer rally resumes.

news.goldseek.com >> 20 June 2014

Cheap Gold Stocks Breaking Out
By: Adam Hamilton
This strong basing has led to a nascent breakout from the tired 7-year trend of gold stocks underperforming gold. Today this despised sector is radically undervalued relative to the metal which drives its profits and hence ultimately stock prices. So as gold-stock prices and gold itself mean revert in the coming years, gold stocks should easily quadruple. There’s no other sector in the stock markets with such bullish potential.

news.goldseek.com >> 13 June 2014

Stock-Bull Topping 2
By: Adam Hamilton, Zeal Intelligence
The US stock markets’ Fed-driven melt-up has accelerated again in recent weeks, with a string of new nominal record highs. This has reignited truly extraordinary levels of greed, euphoria, and complacency. But for traders who have witnessed past bull toppings, there is an ominous sense of deja vu. It turns out this past year’s strong stock-market action nearly perfectly matches that leading into the last bull-market top in 2007.

news.goldseek.com >> 6 June 2014

Bullish Record PM Shorting
By: Adam Hamilton, Zeal Intelligence
The precious metals plunged last week, knifing through key support zones to unleash an explosion of bearish sentiment. This troubling heavy selling wasn’t news-driven, it emerged out of the blue. Who was dumping gold and why? Later data confirmed it was American futures speculators short selling gold and silver at record levels. Extreme shorting is very bullish, as these bets soon have to be covered.

news.goldseek.com >> 16 May 2014

Silver Stealth Buying
By: Adam Hamilton, Zeal Intelligence
Silver has suffered as a market pariah this year, dragging along doggedly near major lows. Investors have seemingly abandoned it to chase the Fed’s general-stock-market levitation, an affliction plaguing most of the alternative-investment realm. But rather provocatively, silver buying remains quite strong even in this dreary sentiment wasteland. This stealth buying will likely explode once gold starts running.

news.goldseek.com >> 9 May 2014

Major Stock Selloff Looms
By: Adam Hamilton, Zeal Intelligence
A major selloff is brewing in the lofty US stock markets, which have been grinding sideways for a couple months now. Momentum has faded despite selective positive earnings-season news and Janet Yellen’s jawboning. Stocks remain very overvalued, way too expensive for prudent investors to buy. And it’s been far too long since their last necessary and healthy correction to rebalance sentiment, so one is seriously overdue.

news.goldseek.com >> 25 April 2014

Gold-Futures Selloff Wanes
By: Adam Hamilton, Zeal Intelligence
Gold’s sharp selloffs since mid-March have been mostly driven by American futures speculators’ heavy selling. These traders dramatically slashed their long bets on gold while ramping up their shorts. The resulting deluge of supply flooded the market and temporarily overwhelmed demand. But intense bouts of gold-futures selling quickly burn themselves out, and today’s is waning. Thus gold’s upleg is due to resume.

news.goldseek.com >> 18 April 2014

SPX Topping Valuations 3
By: Adam Hamilton, Zeal Intelligence
The lofty stock markets are starting to wobble, with selloffs’ frequency and sharpness increasing. The dominant reason the Fed’s stock levitation is running out of steam is severe overvaluation. Stocks are just far too expensive today compared to historic precedent, a dangerous state seen when bull markets are topping. Rampant overvaluation is a glaring warning sign to investors that selling is just beginning.

news.goldseek.com >> 11 April 2014

GDX Gold-Stock Benchmark
By: Adam Hamilton, Zeal Intelligence
The American GDX Gold Miners ETF is slowly becoming the de-facto standard for measuring gold-stock performance. Nearing its eighth birthday, GDX has even usurped the venerable HUI gold-stock index as this sector’s metric of choice in many circles. While GDX has advantages and disadvantages compared to the traditional HUI, it is an excellent gold-stock benchmark. But it still falls far short of individual stock picking.

news.goldseek.com >> 4 April 2014

Contrarian Gold Stocks 4
By: Adam Hamilton, Zeal Intelligence
Gold stocks have lapsed back to despised status after late March’s sharp selloff. Thanks to their strong 2014 rally before that, traders were slightly warming to this abandoned sector. But despite the rekindled extreme bearishness, gold stocks remain the greatest bargain in all the stock markets. Their prices are still absurdly undervalued relative to gold which drives their profits, fantastic buys for brave contrarians.

news.goldseek.com >> 28 March 2014

Gold Mid-Tier Set for Growth
By: Scott Wright, Zeal Intelligence
In 2014 B2Gold is targeting gold production of 410k ounces from three different mines. This would be record output for this new mid-tier, a whopping 159% increase in volume over just a couple years ago. And with its fourth mine on schedule to pour its first gold in Q4, B2Gold is looking at an annual production rate of 550k+ ounces by this time next year.

news.goldseek.com >> 21 March 2014

Gold-Stock Golden Cross
By: Adam Hamilton, Zeal Intelligence
The gold-mining sector is on the verge of flashing the fabled Golden Cross buy signal. This is one of the most powerful and revered indicators in all of technical analysis. When it arrives after the right conditions, it flags the critical transition from bear to bull markets. And today’s gold-stock environment is perfect to spawn such a pivotal Golden Cross. Seeing this milestone will accelerate capital flows back into gold stocks.

news.goldseek.com >> 14 March 2014

Big Gold-Futures Buying
By: Adam Hamilton, Zeal Intelligence
Gold’s strong rebound upleg this year has been driven by big gold-futures buying. After abandoning gold last year, American futures speculators are returning to the yellow metal in droves. These capital inflows are a very bullish harbinger, as major futures buying is the primary fuel for young gold uplegs before investors return to take the baton. And this big gold-futures buying is likely less than half done!

news.goldseek.com >> 7 March 2014

Gold-ETF Inflows Return
By: Adam Hamilton, Zeal Intelligence
Stock-market capital finally started flowing back into the flagship GLD gold ETF for the first time in 14 months in February! Though this buying was small, this is truly a momentous event. Extreme gold-ETF outflows were the dominant culprit behind last year’s epic gold selloff. Without that massive influx of additional supply weighing on the global markets, gold is going to surge on strong physical demand.

news.goldseek.com >> 28 February 2014

New Silver Major Is Born
By: Scott Wright, Zeal Intelligence
Just last month Tahoe Resources announced the achievement of commercial production at its Escobal mine.And sounding the trumpets on such an exploit most certainly deserves investors’ attention.When 2014 comes to a close, Tahoe will be flexing its muscles as a global top-10 silver producer!

news.goldseek.com >> 21 February 2014

Big Gold-Stock Buying
By: Adam Hamilton, Zeal Intelligence
Gold stocks have been on fire this year, blasting higher to 2014’s pole position of best-performing sector. And this powerful rally’s internals are looking as good as its headline gains. The recent months’ gold-stock buying has been on big volume, with large capital inflows. This is very bullish behavior revealing a sea change in sentiment and strong conviction among returning gold-stock investors and speculators.

news.goldseek.com >> 14 February 2014

Gold-Stock Breakout 2
By: Adam Hamilton, Zeal Intelligence
Gold stocks just surged to a major technical breakout, a very bullish omen. Investors are actually starting to redeploy capital in this battered sector, catapulting gold stocks into the early lead as 2014’s best performers! This year is shaping up to be the polar opposite of last year’s epic carnage, with gold stocks mean reverting back up to fundamentally-reasonable levels. The vast majority of the buying is still yet to come.

news.goldseek.com >> 7 February 2014

Stock Selloff Starts
By: Adam Hamilton, Zeal Intelligence
Selling has finally returned to the US stock markets, short-circuiting their year-old levitation. This new downside action of the last couple weeks looks very different from anything witnessed in 2013. Is it just another minor and short-lived pullback, the vanguard of a full-blown correction, or the dawn of a new cyclical bear market? The prudent strategy for traders varies greatly with this selloff’s likely magnitude.

news.goldseek.com >> 24 January 2014

Gold Bottoming
By: Adam Hamilton, Zeal Intelligence
Gold is bottoming, showing incredible resilience over the past 7 months. After suffering an epic plunge in last year’s second quarter, gold has held its ground ever since. This is despite still facing the same howling headwinds that forced that extraordinary selloff. Gold has found strong support and carved a massive double bottom. Thus 2013’s gold super-storm has passed, and a mighty new upleg is dawning.

news.goldseek.com >> 17 January 2014

Gold Drives Silver
By: Adam Hamilton
Investors’ interest in silver is starting to rebound after last year’s carnage. As capital prepares to return to this beaten-down asset, many investors are wondering how to game silver price action. Gold is the key. The white metal closely mirrors and amplifies the price action in the yellow one. Gold is not only silver’s primary driver, but its overwhelmingly dominant one. Gold is critical for timing silver buying and selling.

news.goldseek.com >> 10 January 2014

SLV Bullish Divergence 2
By: Adam Hamilton, Zeal Intelligence
Despite its miserable 2013, latent investor interest in silver remains strong. This manifested in robust worldwide demand for physical silver driven by its lower prices. The hidden strength in silver was also evident in the holdings of its flagship ETF, which held steady in defiance of plummeting silver prices. SLV’s massive bullish divergence reveals big dormant silver investment demand ready to be unleashed.

news.goldseek.com >> 3 January 2014

Silver Short Squeeze 2
By: Adam Hamilton, Zeal Intelligence
Silver is poised for a massive recovery upleg in 2014, a mean reversion from last year’s dismal action. The main driver of silver’s initial strength will be American futures speculators covering shorts. These bearish bets on silver soared to a bull-record high last month, which will require exceptional buying to unwind. Futures speculators as a herd always bet wrong at major lows, they are a fantastic contrarian indicator.