Precious Positioning

Long-Term Technical Outlook for Gold & Silver at Daily Gold.

Gold’s performance in stock bear markets:  Zeal.

China and India account for half of world wide gold demand:  Frank Holmes.  So could “China’s problems be gold’s problems” at The Atlantic?

Re-monetization of gold speculation:  Does China Plan a Gold-backed Renminbi? at Gold Silver Worlds.

Franco-Nevada’s $1 billion precious metal stream financing with Inment leaves me underwhelmed.  I know it’s a good deal.  However, when it’s looked at as FNV blowing out their entire cash hoard or as consuming all the company’s free cash flow for the next three years, my favorite precious metal play may be dead money relative to the sector over this time.  FNV management acknowledged this deal does not the have the optionality upside typical for them.  Perhaps operating mining company stocks may receive some valuation catch up.  Maybe the play is to trade in FNV for Silver Wheaton and wait for their share prices to converge…

…Silver breakout looks at Nifty Chart Patterns.  SLV breaking out:  Kimble Charting Solutions.  Gold finds itself near the end of a flag:  Kimble Charting Solutions.

Enjoy this Rick Rule interview over your lunch:  King World News.