Gold stocks were up while gold was down in the past week.
Gold Stock Indicator: Long Term Charts
- Japan
- Market Indicator
- Price Momentum Indicators
- Richard Russell
- Silver
- Speed Resistance Lines
- U.S. Dividend Watch List
Category Archives: gold
Gold Stock Indicator: April 24, 2015
Another week of declines for gold and gold stocks. Gold fell –1.13% while gold stocks declined –1.76%.
The Gold Stock Indicator is treading water based on the otherwise listless action of gold and gold stocks. However, we’d like to review our commentary on gold from April 8, 2014. At that time, we said the following:
Gold Stock Indicator: April 17, 2015
Gold and gold stocks parted ways in the last week. Gold was increased slightly while gold stocks declined –1.72%.
Gold Stock Indicator: April 10, 2015
In the past week, gold has declined less that –1% while the gold and silver stock index has declined by –1.72%.
The Gold Stock Indicator nudged slightly higher in the last week. However, the long term perspective outlines the relative level of the indicator.
Gold Stock Indicator: March 27, 2015
Since our last posting on March 13, 2015, gold (as represented by the SPDR Gold Shares) has increased by +3.84% while the Philadelphia Gold and Silver Stock Index has increased by +3.40%.
Gold Stock Indicator: March 13, 2015
Gold declined –1.37% while the index for gold stocks declined by –3.49% in the past week. The closing numbers for gold stocks would be considered deceptive since the decline was much worse earlier in the week when the decline for the index was as much as –8%.
Gold Stock Indicator: March 6, 2015
Gold, as represented by the SPDR Gold Shares (GLD), has registered a loss of –5.19% since our last posting on February 13, 2015. At the same time, gold stocks, as represented by the Philadelphia Gold and Silver Stock index (XAU), have declined –12.34%.
Gold Stock Indicator: February 13, 2015
Since our January 30, 2015 posting, the price of gold, as represented by the SPDR Gold Shares (GLD), has declined –4.43% while the Philadelphia Gold and Silver Stock Index (XAU) has declined –2.87%.
It is unusual that the price of the gold stock index would decline less than that of the price of gold. Either the gold stock index needs to decline much further or the price of gold should rebound. Remember that gold stocks are the sentiment indicator for the price of gold, therefore, the pricing action above might suggest that the gold declines aren’t sustainable.
The Gold Stock Indicator is reflecting this relative strength with the marginal declines as indicated in the chart below.
Gold Stock Indicator: January 30, 2015
Gold was essentially unchanged this past week while gold stocks were up nearly +4%. So far the trend is pointing to higher gold as the November 2014 low remains in place.
Gold Stock Indicator: January 23, 2015
Gold, as represented by the SPDR Gold Shares (GLD), increased +1.89% this week while the Philadelphia Gold and Silver Stock Index (XAU) declined by-0.18%. On a closing basis, each index made new highs this week. However, some ground was given up on Friday.
Gold Stock Indicator: January 16, 2015
If you like excitement and intrigue then invest in gold. However, if you want a heart pounding adrenaline rush then try investing in gold stocks. This past week, gold did nothing but go up, closing out the week with a gain of over +4%. Gold stocks, on the other hand, tested the fortitude of investors by falling more than –6% but eventually closing up nearly +3%.
The recent surge of gold was due to the Swiss National Bank’s decision to remove the cap on the Swiss Franc. Many are calling the Swiss decision a turning point in the bear market for gold. However, we’d want to remind investors that the turning point, if in fact it is the ultimate low for gold, was on November 5, 2014. That was the time and place when the low was established before increasing in value.
Gold Stock Indicator: January 9, 2014
Gold, as represented by the SPDR Gold Trust (GLD), gained +1.89% while gold stocks, represented by the Philadelphia Gold and Silver Stock Index (XAU), gained +7.26% in the last week.
Gold Stock Indicator: January 2, 2015
Overall, a quiet couple of weeks for gold and gold stocks as represented by the gold ETF and XAU index, respectively.
Gold Stock Indicator: December 19, 2014
Gold stocks were up while gold was down for the past week. However, this isn’t a complete picture of what it took for gold stocks end the week up. The chart below shows the dramatic loss of –7% by late Tuesday and the subsequent gain of +10% by early Friday.
Gold Stock Indicator: December 12, 2014
In the past two weeks, the price of gold has meandered in a tepid range. Alternatively, gold stocks as represented by the Philadelphia Gold and Silver Stock Index decline –6.07%.
