"We must all hang together, or assuredly we shall all hang separately." --Benjamin Franklin, at the signing of the Declaration of Independence, 1776
Gold Market Analysis
Technical analysis to forecast future price trends of gold and other precious metals, as well as the US Dollar and the Euro.
I have always told my children from a young age that the heart must make the initial choice but that the mind must make the final decision.
It was actuality a pretty quiet week all in all with no decisions on Europe, just meetings. Of course most all of Europe was put on watch by a prominent U.S.
The stock markets are still riddled with anxiety, with traders nervously awaiting the next shoe to drop. Will Europe fracture? Does a global recession loom?
In his latest report, Samuel Kress of SineScope reviewed the 120-year cycle and broke it down into its constituent cycles.
It is now evident that the gold price has been trapped in a narrowing trading range since its early September pre-plunge peak - a Symmetrical Triangle.
We had an absolutely amazing week for the US and world indices as news that joint central bank action was going to be taken. Many indices rose over 7% on the week which is nearly unheard of.
I think you will admit that we are in the middle of one major crazy financial mess.
The US Federal Reserve has fooled a lot of people into believing that the grand monetary pump and debt monetization project has been put on hold.
No subject related to gold is more debated than the possibility that gold may again be confiscated by the US Government during times of economic crisis.
Thus far in 2011 the overall stock market movement has been much different from what we had in 2010. This year we have seen nothing but sideways to lower prices with wild price swings on a day to day basis.
Let's be frank here. I spend between 12 and 15 hours a day working in front of my computer screens watching markets and charts and reading news and reports from all over the world.
The general stock markets' day-to-day price action utterly dominates individual stock sectors, including commodities stocks.
Historic and recent scientific developments add to our understanding of how the entropic force from physics may govern everything in nature, including ecosystems and economics.
The months of November and December are the second strongest back to back months for the financial markets. Many traders and investors use this time of the year to reap big gains as they close the year out.
The Elliott Wave Theory (EW) gives superb results in predicting the gold price.
Over the recent couple months the precious metals charts have made some sizable moves.
We are at the edge of a major economic crisis. Our monetary system is the underlying cause of this major crisis. The massive debt bubble created by our monetary system is about to burst.
It was a fine week to head out of town to a tropical beach, sit, drink, read and swim to you hearts content and forget about this crazy market and the smashing gold and silver and most equities and indices t
After updating my gold-seasonality research last week, I heard from traders wondering how it affects gold stocks.
You will often read how various experts in the financial press will say that the gold price "should be" about $2000/oz., to $3000/oz., or slightly higher.
What an incredible whirlwind of crisis from seven foul winds around the globe. Most emanate from Europe, which is far from its climax in crisis.