"The problem with Socialism is that you eventually run out of other people's money." -- Margaret Thatcher
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.
So far in 2011 the equities market has made some sizable whip saw type moves that even veteran traders have had difficulty being on the right side of the price action.
It was another great week for gold and silver. Both hit new highs and soon we could see silver break into all-time highs.
Stock bull markets don't rally higher in a nice linear fashion. Their advance is much more chaotic, flowing and ebbing. Two steps forward are inevitably followed by one step back.
In a previous commentary I looked at how our economies would function in a world where our paper, fiat currencies had collapsed.
Unfortunately my writing and reading computer has broken and has been in the shop for over a week now.
Exactly what is money?
The story of gold is as rich, lustrous and complex as the metal itself.
"I have never seen more senators express discontent with their jobs. ...
My forecast has been for a powerful Inflationary Recession to occur, a consistently laid out analysis, delivered during the last year or more in clear terms.
Edification is not the word that comes to mind when observing an interview with Larry Fink of Blackstone this morning on network financial news. It was inspirational if not humorous, and somewhat pathetic.
I was starting to put on my bullish hat on Friday morning when out of the blue an ugly close has forced me to rethink my position.
What the boys and girls at the Fed and the U.S. Capital don’t know:
So Utah's new gold & silver law marks a step towards a Gold Standard...?
Let's face it; the availability and cost of credit determine the value of every asset on the planet.
Over the past couple months everyone seems to have been preparing for a sharp market correction. Crazy part is that the SP500 dropped about 10% from the high and that is a typical bull market correction.
All in all it was a great week. Markets rebounded nicely and shrugged off higher oil prices and put in very good performances.
"Just because something is inevitable doesn't make it imminent"
Gold stocks aren't feeling the love these days. They have merely been drifting sideways since their latest interim high in early December.
Equities and Precious Metals are on the edge of another rally and it could start as early as tomorrow.
The entire world struggles to determine the fallout effects of the Japanese earthquake and tsunami, along with the ensuing problems.
You have no doubt read countless articles on the price of gold costing "x dollars per ounce", own a gold ring or some other piece of gold jewellery and/or wear or have bought/plan to buy a diamond ring but d