Gold Editorials & Commentary

GLD - on buy signal.

Selling pressure earlier in the week gave way to strong demand for equities as concerns over the European debt crisis have been moved to the backburner. Investors have instead been focusing on the improved U.S. economic and employment picture.

After two weeks of trying, the Dow Jones now finds itself above its high of last April, and recorded it first BEV Zero in the Bear's Eye View chart below since 29 April 2011.

Technical analysts define the "Golden Cross" as the chart feature that occurs when a security's short-term moving average (such as the 50-day simple moving average) breaks above its long-term moving average (such as the 200-day simple moving average) or

Technical analysts define the "Golden Cross" as the chart feature that occurs when a security's short-term moving average (such as the 50-day simple moving average) breaks above its long-term moving average (such as the 200-day simple moving average) or

I have received numerous emails asking about silver. This article was prompted by a question enquiring what the silver price might be if my gold forecast of $4,500 proved to be correct.

I have received numerous emails asking about silver. This article was prompted by a question enquiring what the silver price might be if my gold forecast of $4,500 proved to be correct.

"I believe that banking institutions are more dangerous to our liberties than standing armies.

What a week it was. My head is still spinning.

GLD - on buy signal.

Gold is enjoying an awesome January, rallying strongly out of its oversold late-December lows. But last month's hyper-pessimistic sentiment deserves some reflection before it totally fades from memory.

The following article appeared on the web this morning. It reports that India will be paying Iran in gold for the oil that it will be purchasing

Ever since the creation of the Federal Reserve in 1913, prices somewhere in the economy are either inflating or deflating. There are two major areas for inflation to flow into:

GLD - on buy signal.

Markets are not nature's creation, whose movements and events are definable with mathematical precision. Markets are human creations, subject to the emotional swings of the buyers and sellers.

Any perusal around the world these days features Southern Europe crippled, preparing for the inevitable Greek Govt Bond default.

The year 2012 has started out in strange ways.

Despite gold's powerful secular bull over the past decade, gold stocks remain vexing to investors and speculators.

"[A] wise and frugal government ... shall restrain men from injuring one another, but shall leave them otherwise free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned.

Over the past five months gold has fallen sharply and is no longer headline news which it once dominated back in 2011 when it was making new highs every day.

The current standoff in gold is approaching resolution and evidence is starting to pile up in favor of an upside breakout.

Last year was an eventful one for the gold market. The yellow metal was up 10 percent in 2011 for its 11th consecutive annual gain. But despite making an all-time high on Sept. 5 at $1,900/oz. gold finished the year down 18 percent from that high.

The Dow's 8-count is simply the number of days the Dow Jones moved 2%, or more from the previous day's closing price in a running eight day sample. Whether the Dow Jones moves up or down 2% makes no difference.

All in all we had a pretty good week with major US averages slowly breaking out higher and holding so far, but still we're not seeing massive moves and a full scale bull market breakout.

GLD - on buy signal.

Since rocketing to new all-time highs last summer, gold has weathered a major correction. While that selloff was healthy and necessary given the excessive optimism that catapulted gold to very-overbought levels, a strong US dollar accelerated gold's swoon.

MF Global went down in October and the government which can sniff out weapons of mass destruction thousands of kilometres away in enemy territory, still cannot figure out what happened to $1.2 billion in its own back yard.

There is a strong probability that the correction in the price of gold has been completed. This article has four separate sections. They are: