Last week was exciting as we saw stocks and gold close above the February highs which confirms we are in a new up trend. The question everyone is wondering is:
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.
The UK's big newspaper, which has generally been gold friendly this past decade, says new research shows gold to have been the decade's best performing asset.
After spending our entire lives in a dollar-dominated world, we Americans naturally view gold through a dollar-centric lens. We assume the gold charts we're seeing are universal.
"In the short run, the market is a voting machine, but in the long run it is a weighing machine" - Benjamin Graham
Most competent market analysts, objective economists and honest politicians concur the current 26-year high in the Unemployment Rate at near 10% is totally unacceptable.
Three weeks ago on February 5th, we saw an extremely high level of fear in the market with selling vs. buying volume at a 9:1 ratio.
Chairman Bernanke's testimony to Congress last Wednesday marks a major turning point as well as a flash signal for what lies ahead to anyone that is willing to listen.
I have spent a considerable amount of time discussing how a supply-crunch is looming in the gold market.
I've exceeded the length I like the letter to be this week in the fundamentals section, so I will reserve the chart and technical analysis of the precious metals for my subscribers who will be getting a boat
Neither the US financial press nor the US bank leaders take the sovereign debt crisis seriously.
As expected the gold price was taken lower to the $1,100 level right on cue.
I have been Banging the Drum in these letters about an eminent major economic and stock market crash since early 2007: A time when Barron's Round Table Gurus were predicting the continuation of the Goldilock
"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation.
Last week was strong with stocks and commodities moving up sharply. As nice as it was to see a rally, I still have my doubts whether this move has legs behind it.
After surging 11.9% higher in just 7 trading days, the flagship HUI gold-stock index is starting to recapture traders' attention.
Stick with me on this one. Last night I was reading a 2,300 year old economics book.
The subprime debt issue of 2007 blossomed into a global credit crisis. Likewise, the Dubai sovereign debt issue will blossom into a global sovereign debt crisis in similar pathogenesis.
This report is a mix of both current market action and educational material on how stocks and commodities trend (move).
The past week has seen the convergence of a variety of factors that together point to a powerful rally in gold soon. Thus it appears that we have been too cautious in the recent past.
As the world's athletes gather in beautiful British Columbia for this Olympic Games they are all focused on but one thing, the Gold. As investors we should also be focused on the Gold at the moment.
In recent months, the US dollar has been surging higher. This impressive strength is a radical change from last year's relentless grind lower.
Gold performed as predicted in the last update, rallying up to the top of its Descending Triangle before reversing and crashing support at the bottom of the Triangle on Thursday.
Last week was an incredible week for trading the intraday charts. With rising volume and volatility prices began to move up or down for extended periods of time allowing traders to profit from these powerful short term price swings.