Gold and silver price consolidation

... and how it gears miners

Last post has been focussing on the price consolidation of gold. Only few quotes below $4000/Oz seemed to indicate a bottom, while $4400 seemed to be a solid ceiling.

Silver mining investors in complete denial

January 2026 has been a fairy tale turning into a nightmare for long silver speculators. There had been a December 29 'rehearsal' of a silver smack down, but the rally resumed in the new year, with the metal promptly surpassing the $100 psychological limit. Targets morphed into unrealistic predictions. Then came Friday January 30, with the largest single day drop of the silver price.

Silver miners not fully reflecting the stellar silver rally

After bouncing off a $54/Oz ceiling twice, silver eventually broke through on Friday Nov 28, closing at $56.33 on the NYMEX. While silver miners advanced even more over the day, they are not fully reflecting the stellar silver rally.

Miners recovering

The HUI Gold Miners index has dipped several times over the last two months. The recovery after the last dip on Nov 3 proved to be sustainable.

No thaw for gold and silver mining

Europe and the US thaw up after some severe winter weather. Winter frost continues however for gold and silver miners. Not only has gold retreated $317 or 12.5% from its early August all-time-high, gold miners have been lagging: the HUI miners index slid 27.5% over that same time stretch.

Is a turn-around ahead?

The dust around the US presidential elections wasn't settled yet and there was the news on a first vaccine by Pfizer, hitting the market on Nov 9.

Gold miner pulse - October 2020 update

Happy Thanksgiving to all Canadians

Graphs last updated on Oct 9, 2020

The main content of this article also is found on the regular weekly updated blog page: Gold miner Pulse. Its focus still is a tactical approach on how gold and silver miners perform relative to the price of gold or silver.