(Click here to enlarge the chart) Hindsight is always 20/20. Fortunately in the world of investments, there are times when foresight can also come close to being 20/20. Ben Bernanke’s testimony before the Congress on May 22, 2013, was one of those times. In a similar fashion, the Federal Open
At The Arora Report, we divide the precious metals group in seven categories. Historically, it has paid off to first identify which of the seven will be the leaders of the next cycle, and then properly time the purchases. For an in-depth look going back to 1992, please see The next
In the wake of Bernanke’s testimony before Congress and the release of Federal Open Market Committee (FOMC) meeting minutes, the U. S. stock market traced an ominous technical pattern. In traditional technical analysis, this pattern is known as an “outside day.” The outside day is visible on the chart of
This morning the Department of Labor released blowout employment numbers. April nonfarm-payroll numbers rose by 176K vs. a consensus of 166K, and more importantly, the whisper numbers were under 140K. The reaction in the markets has been violent. Interest rates have risen, and DJIA has broken the resistance at
My long-term readers know that I recommended allocating 20% of assets to silver at an average price of $17.73 and exited the position in the zone of $48 to $48.50. I also recommended buying gold in the $600s with an average price of $660, and selling half of the gold
After the recent collapse in gold and silver, some mega bears are coming out of the woodwork. Several have targets that are scary for investors in gold, with them predicting a fall below $1000 for gold, with $800 appearing to be a favorite number. (I have seen targets as low
Recent world events tell us that gold and silver have lower to go. The events on which gold and silver should have gone higher, precious metals staged only weak bounces. The events on which precious metals should have shown slight weakness, gold and silver fell out of bed. First let’s
The plunge in gold and silver and massive outflows from popular ETFs like the SPDR Gold Trust, the iShares Silver Trust, as well as popular miner ETFs like the Market Vectors Gold Miners and Market Vectors Junior Gold Miners ETF have investors clamoring for the answer to a simple question,
The set-up for gold and silver to be slaughtered was perfect yesterday. There have been considerable outflows from popular ETFs like SPDR Gold Shares (GLD), iShares Silver Trust (SLV), Market Vectors Gold Miners (GDX), and Market Vectors Junior Gold Miners GDXJ. The selling today was quite different from the typical patterns over
I always get a large number of emails from investors asking questions about gold and silver. Yesterday the email volume spiked. Basically investors were asking the same question, “Why is gold down on North Korea warning that its military has been cleared to wage a nuclear attack against the