Justin Smyth's Blog

At any given point in time different markets are at different points in their long term cycles. Markets can be anywhere from just starting a new bull market to late in a parabolic top on the bull side.

If gold is entering a new bull market then it’s a great time to get in. Technical evidence is mounting, big volume is coming into gold mining ETFs and they are leading the market. Take a look at the monthly volume on the Junior Gold Miners ETF GDXJ.

Markets tend to have no set rules that always work. Especially on shorter term time frames. But as you stretch the time frame out to the longer term general guidelines start to form for how markets behave.

It seems as if all the major Wall Street institutions are bearish on gold, even after a 2+ year bear market and a major pullback. At first glance you might be a little discouraged by reading major bank after...

In 2013 while gold and silver were getting slammed, palladium diverged and held its ground. It traced a choppy handle to the cup that formed in 2012. The bottom of the handle occurred at the same...

The U.S. stock market is very overvalued compared to foreign markets. This is because U.S. markets have outperformed foreign markets for a few years now. This trend can’t continue forever though...

he Puke is simply the high volume fear based selling, when shares are literally being puked up by sellers who can’t take the sickness to their stomach anymore. The Whimper is the interesting part as it comes after the sellers are puked out, but they still are moaning and want to make it appear like they are still in pain.

Gold stocks are about as contrarian a sector that exists in the market right now. Even though gold hasn’t had a down year in 12 years, gold stocks have now recorded 2 straight down years...

When markets don’t go our way, our emotions get tested. Our thought processes and decision-making ability gets polluted by fear. And when overcome by fear we often make bad decisions. Sometimes these bad decisions can be actions taken as a direct result of fear.

Things are finally looking up for gold stocks. In fact it’s likely a new major rally has begun. The reason is that major corrections in secular bull markets produce the best buying opportunities.