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Category Archives: Gold Stock Indicator
Gold Stock Indicator
Today the Gold Stock Indicator increased over +12% as the Philadelphia Gold and Silver Index increased +5.71% while the actual price of gold declined -1.02%. Keep in mind that, in the past, we’ve demonstrated that the price of gold stocks going counter to the price of gold (on the upside) can be a warning of more downside risk.
Gold Stock Indicator
Early indications are that the Gold Stock Indicator is at the same level as the “panic 2 level.” Only a little more to go before the we’re below the “stage 4 buy” level. Continue reading
Upside Targets for Individual Gold Stocks
We’ve come to the time when we need to determine the upside targets for gold stocks. There are a few assumption that we’re making in this assessment. First, we believe that our Gold Stock Indicator is right about the direction of gold stocks, in general. Second, we’re assuming that from the current levels there is more downside risk. Third, we have excluded fundamental analysis (government printing, future earnings capacity, gold as money, etc.) from our assessment of the upside potential for individual gold stocks.
Posted in Edson Gould, gold, gold bugs, Gold Stock Indicator, HUI, Performance Review, speed resistance line, SRL, upside target, XAU
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Goldman Sachs: Short Gold! Buzz Killers!
In today’s Wall Street Journal there is a piece titled “Goldman Sachs: Short Gold!” (found here).
Dagnabbit!!!! It was only yesterday that we outlined the significance of a “stage 4 buy” indication when and if it arrives. However, with Goldman calling to short gold, with an exclamation point no less, we may not ever get to realized the “stage 4 buy.” what a bunch of buzz killers at Goldman Sachs.
We hope that enough people will listen to Goldman and short gold up to the gills. Furthermore, we hope that the price of gold declines enough for us to realize the “stage 4 buy” based on our Gold Stock Indicator. We seldom hope for anything but this is one instance where we’ve become irrational on this subject.
Below is a timeline of notable Goldman Sachs short calls that could be easily retrieved from the internet. We admit to not looking too hard, so if you can find other short calls by Goldman, whether accurate or not, from verifiable third party sources then it would be appreciated. However, for the ones that we’ve found, the calls to short the respective financial instrument has been uniformly inaccurate. Stinkin’ buzz killers.
2010
![image_thumb[3]](https://i0.wp.com/www.newlowobserver.com/wp-content/uploads/2013/04/image_thumb31.png "image_thumb[3]")
Source: Durden, Tyler. ZeroHedge. Goldman Technician Says To Short Market Unless S&P 1083 Is Recovered Today. June 30, 2010. accessed April 10, 2013. http://www.zerohedge.com/article/goldman-technician-says-short-market-unless-sp-1083-recovered-today.
2011
![image_thumb[5]](https://i0.wp.com/www.newlowobserver.com/wp-content/uploads/2013/04/image_thumb51.png "image_thumb[5]")
Source: Gongloff, Mark. Wall Street Journal. Goldman: Short the Dollar. August 10, 2011. accessed April 10, 2013. http://blogs.wsj.com/marketbeat/2011/08/10/goldman-short-the-dollar.
![image_thumb[7]](https://i0.wp.com/www.newlowobserver.com/wp-content/uploads/2013/04/image_thumb71.png "image_thumb[7]")
Source: Gongloff, Mark. Wall Street Journal. Goldman Says It Closes Its Short Germany Bet. December 16, 2011. accessed April 10, 2013. http://blogs.wsj.com/marketbeat/2011/12/16/goldman-says-it-closes-its-short-dax-bet.
2012
![image_thumb[9]](https://i0.wp.com/www.newlowobserver.com/wp-content/uploads/2013/04/image_thumb91.png "image_thumb[9]")
Source: Durden, Tyler. ZeroHedge. Goldman Tells Clients To Short US 10 Year Treasurys. January 23, 2012. accessed April 10, 2013. http://www.zerohedge.com/news/goldman-tells-clients-short-us-10-year-treasurys.
![image_thumb[11]](https://i0.wp.com/www.newlowobserver.com/wp-content/uploads/2013/04/image_thumb111.png "image_thumb[11]")
Source: Russolillo, Steven. Wall Street Journal. Goldman Sachs: Short Stocks. June 21, 2012. accessed April 10, 2013. http://blogs.wsj.com/marketbeat/2012/06/21/goldman-sachs-short-stocks.
2013
![image_thumb[13]](https://i0.wp.com/www.newlowobserver.com/wp-content/uploads/2013/04/image_thumb131.png "image_thumb[13]")
Source: Russolillo, Steven. Wall Street Journal. Goldman Sachs: Short Gold!. April 10, 2013. accessed April 10, 2013. http://blogs.wsj.com/marketbeat/2013/04/10/goldman-sachs-short-gold.
Posted in gold, Gold Stock Indicator, Goldman Sachs