Gold Editorials & Commentary

It was a great first week in the market for 2011. Volume picked up as traders slowly return from holidays focusing on the markets again.

It's great to be back after the holiday season. Things are as exciting as ever in the markets and around the world politically.

GLD - on sell signal.

Thanks to its awesome autumn rally, silver has become something of a rock star in the commodities world. Investors and speculators alike are enthralled with this white metal.

The news that Paul Volcker plans to step down from a "panel of experts" advising Barack Obama today will likely whip market participants into a bit of a frenzy analyzing what this could possibly mean.

Since the early 1990 decade, the nation's maestros have promulgated the notion that cheap money is a beneficial factor for the sustenance of wealth, for economic development, for the standard of living, for the robust industries, in general for the American soc

The great astronomer, Carl Sagan, who like me was a strong believer in skeptical inquiry, used to say, one of the saddest lessons of history is this: "If we've been bamboozled long enough, we tend to reject any evidence of the Bamboozle.

GLD - on sell signal.

The Ring was made of gold and gold continues on its journey thru lands of evil fiat empires, guarded by Ringwraiths hell bent on gold's destruction.

Trading is awesome! Everyone should trade stocks. The benefits that trading brings to anyone who sticks with it are vast. They spill over into and enrich all aspects of our lives, in a myriad of ways extending far beyond the obvious financial rewards.

It's that time again when volume dries up and prices rise into the new year. A lot of individuals are scrambling to prepare for the holidays, even though we had a year to prepare.

The past week was surprisingly uneventful. With Friday's quadruple witching day being near comatose. It was interesting to see early in the week some of the major winners for the year being sold off though, as traders booked profits for the year.

GLD - sell signal this week.

Silver has been a rock-star in recent months, rocketing higher to dazzling gains. After such a blistering near-vertical ascent, technicians understandably fear this metal has become wildly overbought.

So far this week we have been seeing fear creep in the equities market. This Wednesday we started to see fear (green indicator) reach a level which tells me to start looking for the market to bottoming.

GLD - on buy signal.

The week past was absolutely perfect for US markets in general as they consolidated the huge gains from the week before. The S&P traded in a narrow range at an important horizontal level and is resting.

Earlier this week, the flagship HUI gold-stock index powered up to new all-time record highs. While fantastic for gold-stock investors and speculators, such lofty achievements inevitably cement more big bricks on top of the wall of worries.

Over the past 2 weeks we have seen the market sentiment change three times from extreme bullish to bearish and back to bullish as of today. Normally we don't see the herd (average Joe) switch trading directions this quickly.

The Chinese really must think the American strategy and behavior to be braindead and self-destructive.

We appear to be right at a very interesting juncture in the Precious Metals Sector at this time.

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