Gold Editorials & Commentary

Things really couldn't look better for gold and silver both fundamentally and technically - and this is said in the knowledge that there are still a lot of naysayers around - if there weren't we really would have cause to be worried.

Earlier in the week I put out an educational piece showing some historical, as well as current cup and handle formations. These are very powerful formations indeed, and the S&P500 just broke out a couple days after my piece was released.

GLD - buy signal this week.

This had been an exiting week for traders as the equities market was on a verge of a major sell off. Fortunately, we were watching the market very closely and saw the sentiment and market internals shift shortly after a new low was set last week.

In general, 3rd waves in the Precious Metals stock universe tend to be dominated by intermediate producers and soon to be intermediate producers.

As much as I do enjoy some time off there's nothing like getting back to work either, since it's something I love to do.

Eventually all paper money returns to its intrinsic value--worthless. -- Voltaire

Last week we had typical pre-holiday light volume trading going into US Thanksgiving.

Two years after the credit-crisis panic in the autumn of 2008, and 21 months after the March 2009 stock market bottom, let's take a look at what's hot and what's not.

Using:

GLD - on sell signal.

We have been proposing the monetization of a silver coin in Mexico since 2001. According to our proposal a one-ounce coin of pure silver, with no engraved value, would be given a monetary value by the Mexican Central Bank.

We have been proposing the monetization of a silver coin in Mexico since 2001. According to our proposal a one-ounce coin of pure silver, with no engraved value, would be given a monetary value by the Mexican Central Bank.

Most people are mainly concerned with what is going on right now and are less concerned with what happened yesterday, last week or last year.

Max Keiser is witty, brilliant, entertaining and informative. I also believe that his latest call for $500 silver is wrong.

Overnight Tuesday, selling pressure slammed futures on the ominous news of North Korea shelling a South Korean island. What ought to have been a relatively-quiet market day heading into Thanksgiving was suddenly filled with anxiety.

The backdrop has turned dire on several front simultaneously. The great millstone around the USEconomy's neck continues to drag it down. CoreLogic reported 2.1 million units have created a swamp in Shadow inventory of the housing market.

The past few months it seems the gold and silver play has been getting a little crowed with everyone wanting to own gold.

GLD - sell signal this week.

Following gold's sharp retreat over the past week or so, traders are wondering how low it will go. Is this metal in a pullback or a correction? The former is a minor and healthy mid-upleg event, a great buying opportunity.

The Sorcerer's Apprentice is a poem about an old sorcerer who leaves his apprentice in his workshop to carry out the chores. The following excerpt from Wikipedia summarizes the story:

I gave this article the same title of a favourite Fleetwood Mac song of mine.

Over the past few months it seems as though everything has been tied to the dollar. Simple inter-market analysis makes it obvious that almost everything in the financial market eventually has an affect on stocks and commodities in some way.

There is no need to talk about the recent G20 meetings as absolutely nothing was accomplished whatsoever. Glad to see our taxpayer dollars working out so hard. Why don't they just teleconference and call it austerity?

GLD - on buy signal.

The Biggest Silver Consumers in the world, China and India, will be largely unaffected, and will see this as a buying opportunity, as will Smart Investors Worldwide. Long Term Silver Investors can smell blood in the water, and they want to eat the Big Bullion Banks...

The further this bull market in precious metals rages the more bull, you know what, you hear.

It has been a roller coaster week thus far as stocks and precious metals plunged on heavy selling volume on the back of a rising dollar, only to make a strong rebound Wednesday.

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

The financial markets continue to climb the wall of worry on the back of more Fed Quantitative Easing.