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Bear's Lair

Bear Markets always follow Bull markets and a severe stock market correction is long overdue. Bears Lair will spot, monitor and analyze the stock market correction as it develops.

 

"A trend is like a river flowing in its banks, around rocks and sharp bends. Occasionally, a river will be stable and flow smoothly.







 



GLD - sell signal this week.

The sweet Clash song "Should I Stay Or Should I Go?" seems to be the song most suited for the Greek situation right now.

Of the 133 analysts who have now gone public in maintaining that gold will eventually go to a parabolic peak price of $2,500/ozt.+ before the bubble bursts, 90 - yes 90, maintain that gold will reach at least $5,000 per ozt

As it was the case in our previous essay (Will Gold Price Decline Soon or Is This Summer Really Different), let's begin also today's article by answering one of the question

As it was the case in our previous essay (Will Gold Price Decline Soon or Is This Summer Really Different), let's begin also today's article by answering one of the question

The stock markets' sharp June selloff is waking traders from their complacent slumber. The risk of a significant selloff, long ignored, has surged back to the forefront of market psychology.

Statements are sometimes repeated to the point that they acquire the status of truth despite being deceptively false.

I welcome the Internet debate on the question whether the Mint should be opened to gold and silver.

The coming summer should be exciting for traders! While summer trading generally tends to be slow, this one could be different.

With various states debating measures to elevate the monetary status of gold, the gold standard is more politically relevant now than it has been in decades.

Earlier this week, several websites and blogs that I follow announced that the "registered" silver at the COMEX exchange dropped below 29 million ounces ("registered" means the amount of silver available for investors to buy at the







 



GLD - on buy signal.

It was another week best spent not looking at the markets unless you're looking to pick up some great miners on the cheap as we are, or go short some stocks as we are also. All in all it's going great!

Traders beware, the dreaded precious-metals summer doldrums are now upon us! Summers are barren sentiment wastelands for the entire PM complex.

Some people think that one of the fundamental institutions of the 19th century should be restored; we single out Great Britain as the great leader embracing this institution.

During the past 4 months we have seen the financial sector (banks) under selling pressure.

"All political thinking for years past has been vitiated in the same way.

Everyone knows people make mistakes when rushed to do something or if they are scared of something bad happening.

There has been a lot of talk about another financial crisis coming, and it may have been kicked off by Mark Mobius, who says it's inevitable because the causes of the previous one haven't yet been resolved.







 



GLD - on buy signal.

It was a crazy session as the stock market slid over 2% on heavy volume.

In the case of Richard Russell the answer is certainly not. This is because Richard Russell is right most of the time, especially over the longer-term outlook, despite, or perhaps because of being an octogenarian (in his 80's).

The great Khan (Chinese ruler), causes the bark of trees, made into something like paper, to pass for money all over his country." …Marco POLO, (1254 - 1324 Traveling explorer from Venice).


 

It's finally a long weekend in the US which means markets are closed Monday. The last thing anyone should be doing this weekend is working much and that includes myself for once.



GLD - buy signal this week.





SLV - buy signal this week.

While the stock markets have enjoyed an outstanding busy season, the dreaded summer doldrums are now upon us.

In my recent review of the bankster assault on the silver market, I alluded to the fact that we knew there was no "bubble" in the silver market, since there had not been the build-up of inventories which must take







 



GLD - on sell signal.

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China has only 2% of its Total Foreign Reserves in gold.

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