Gold Editorials & Commentary

GLD - on sell signal.

What is a derivative? A financial instrument whose value is derived from an underlying asset. For example, the US paper dollar is a derivative.

Most investors are aware that the 4-year cycle peak comes into play this year. What few realize is how both Washington and Wall Street are using this cycle as a fulcrum for gaining political as well as economic advantage.

Many are the events, signals, and telltale clues of a real live actual systemic failure in progress. Until the last several months, such banter was dismissed by the soldiers in the financial arena.

Many are the events, signals, and telltale clues of a real live actual systemic failure in progress. Until the last several months, such banter was dismissed by the soldiers in the financial arena.

Many are the events, signals, and telltale clues of a real live actual systemic failure in progress. Until the last several months, such banter was dismissed by the soldiers in the financial arena.

Gold and "risk" assets rally whenever traders get the faintest scent that more QE (a central bank program designed to increase the money supply) is coming.

In the Wednesday stock report we took an indepth look at gold to see what the chart patterns were telling us. Tonight I want to look at silver as there is a chart pattern similar to the gold rectangle that no one is seeing at the moment.

In the Wednesday stock report we took an indepth look at gold to see what the chart patterns were telling us. Tonight I want to look at silver as there is a chart pattern similar to the gold rectangle that no one is seeing at the moment.

Introduction

This week I intended to focus on the derivative positions of the US banking system, but I need another week to do the subject justice. But the numbers involved in this market are simply incomprehensible.

It was a wild week with markets hitting major resistance levels and then failing on heavy volume.

GLD - back to sell signal this week.

Below is a weekly chart of the gold price - courtesy stockcharts.com. This chart is reaching for a significant decision and the portents are bearish:

Gold stocks languish in a sentiment wasteland these days, left for dead by everyone but a small contrarian remnant. So naturally bears abound, their arguments dominated by the idea that gold miners' costs are so high that they can't make money anymore.

Tonight I want to take an unbiased look at gold from every angle I can find. There are some clear cut chart patterns that have been formed since the beginning of this secular bull market that began at a low price of 255.

The outcome of the Greek vote at the weekend was not favorable for the markets, or for Precious Metals in particular.

We discussed Warren Buffett's illogical opinions about gold in our 15th February 2012 report under the heading "Buffett's Blind Spot".

We've supposedly got Greek elections coming up this weekend, or do we?

Apparently the ballot box folks are thinking of striking and putting this gong show in high gear.

GLD - on buy signal.

Governments and their central banks have inflated the global-bond markets into a bubble that will long be remembered, and written about by market historians.

Introduction

Introduction

Gold stocks have recovered sharply following last month's panic-like capitulation plunge. But this embattled sector still remains incredibly cheap relative to prevailing gold levels, which drive gold miners' profits and hence ultimately their stock prices.

Its been a slow day so I thought I would get the Wednesday stock report finished early.

Speaking dispassionately, the chart below (courtesy stockcharts.com) shows three historically bearish break-downs (blue arrows) and three potentially important bearish developments (purple arrows).

To paraphrase Einstein, not everything worth measuring is measurable and not everything measurable is worth measuring. The purchasing power of money falls into the former category.

Or do they? Everybody thinks they know that the world is on the verge of a banking and financial crisis, but it is just one of the major effects of the real problem: SOCIALISM has reached the end of its rope. It has run out of other peoples' money.

The past couple months have been a roller coaster ride for investors and traders. Overseas headline news has made investing and trading more difficult than normal because of prices gaping up or down at the opening bell several times per week.