Gold Editorials & Commentary

It was a wild week to be sure and we've hit a tentative bottom in US equity markets with the S&P500 printing a double bottom pattern as I'd hoped would occur.

GLD - on sell signal.

"A morsel of genuine history is a thing so rare as to be always valuable."

Thomas Jefferson

The recent sharp selloffs in stocks and commodities have fueled an incessant drumbeat of pessimism plaguing the financial markets. Greece is doomed, Europe is fracturing, China is slowing, the US faces a recession, the sky is falling!

I want to correct a mistake I made on my table for the foreign central bank holdings of US Treasury debt in my last article.

Many investors pigeon-hole themselves as "inflationists" or "deflationists", where an inflationist is someone who expects more inflation over the years immediately ahead and a deflationist is someone who expects deflation.

The USTreasury Bond rally over the last few months has been celebrated. Some call it a contradiction of the Standard & Poors debt downgrade of USGovt debt. Some hail the rally as proof that the USDollar remains respected as global reserve currency.

I have good reason to believe that the general markets are headed lower here immediately and there is a good potential of a low being put in this coming week or the next before we may well see a strong rally through the end of 2011.

In classic fashion gold's brutal plunge ended in a zone of strong support just above its 200-day moving average.

GLD - on sell signal.

Over the past week precious metal investors have had a wakeup call from their big shiny nest eggs. Last week's free fall in both gold and silver spot prices was enough to get investors into a panic. More on this in a minute though...

The US dollar is becoming less attractive to central banks as a reserve asset.

The mainstream media does a terrible job with analysis. No secrets there. However, some aspects of this incompetence are so fundamental to their basic duties as to be completely unforgivable.

The Gold (and Silver) bull continues to closely follow the giant wave formation of a tsunami.

A few weeks ago I wrote about how gold was starting to top and that everyone should expect a very sharp drop to the low $1600 area.

It was quite the week to come back to after being away for the past two weeks with little to mostly no internet access.

GLD - on sell signal.

This week ended with the Mr Bear tipping over the portfolio valuation of professional money managers, and individual investors, alike. He's after garbage, and there is no shortage of that in the world's financial markets.

The grinding 6-week-old bottoming process following the stock-market correction is doing its job, shaking out all the weak hands.

What a trading session Wednesday was with the FOMC meeting and the FED coming out leaving the Fed Funds Rate unchanged at 0.25% and saying the economy is looking weak and will not likely to get better any time soon.

Wow!! The billboard signals of extreme crisis are overwhelming. Three years of near 0% with no recovery. A full year of ample USTreasury and mortgage bond monetization with no recovery. Tons of cash aid deliveries to the big US banks with no recovery.

GLD - on sell signal.

Europe has become something of a four-letter word among American investors and speculators lately. Weak European stock action has been mesmerizing stock-index-futures traders here in the States.

Looking at Gold and Silver's post-credit crisis Bear's Eye View (BEV) Charts; Monday's decline wasn't much of a Bear mauling on the metals.

A tsunami doesn't start with a bang, but with a whimper. The first sign is a little hump in the water way out in the distance that is barely notable.

We recently witnessed a key bearish "Outside Reversal Week" reaching new highs for the rally from the August 9th crash bottom, but then ending the week lower than it began.

Early August's sharp stock-market plunge ignited an explosion of bearish theories. And with the headline stock indexes still grinding along near lows over the month since, fears of a new bear market continue to proliferate today.

Whenever it suits Team Titanic from the increasingly tense helm, more phony comparisons are trotted out in baseless news stories posing as legitimate analysis.