GLD - on sell signal.
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GLD - on sell signal.
Gold stocks aren't feeling the love these days. They have merely been drifting sideways since their latest interim high in early December.
I have an important announcement to make. In Barron's 21 March 2011 issue, the Federal Reserve announced that for the first time in history, the sum total of all US paper dollars and base-metal coins in circulation (CinC) has exceeded $1 trillion dollars.
Equities and Precious Metals are on the edge of another rally and it could start as early as tomorrow.
The entire world struggles to determine the fallout effects of the Japanese earthquake and tsunami, along with the ensuing problems. The effects are so pervasive, so profound, so critical, that it is no wonder the news networks focus on two things only.
You have no doubt read countless articles on the price of gold costing "x dollars per ounce", own a gold ring or some other piece of gold jewellery and/or wear or have bought/plan to buy a diamond ring but do you really understand what exactly what you are buyi
MY ORIGINAL EDITORIAL
Thomas Jefferson wrote that "whenever any form of government becomes destructive" of citizens procuring for themselves "inalienable rights" to "life, liberty, and the pursuit of happiness," then "it is the Right of the People to alter or abolis
Charts presented in this report are courtesy Stockcharts.com unless indicated.
Charts presented in this report are courtesy Stockcharts.com unless indicated.
How about this Gaddafi cat? Calling a cease fire after world powers called for a no-fly zone to be imposed and also permitting protective strikes, but he continued on as if nothing happened.
GLD - on sell signal.
Over the years I have found an indicator/trading tool which I find help spot intermediate trend reversals. I am going to quickly cover in this report.
I think an update is due for everyone. Times are unprecedented and markets are very dangerous.
It's been only a few days since we've posted our latest timing-related essay on gold and silver prices, and since that time the situation has changed dramatically.
I am at a loss for words (something that rarely happens to me) as to why so many in the Precious Metals Sector have become so negative at this juncture in this Historic Precious Metals Bull Market.
It was quite a week to be sure. Markets were turbulent and have broken down slightly with the NASDAQ leading. This is normal, as the Nasdaq has led for quite some time and foretold the breakdown in other markets as well this past week.
The past couple weeks have been choppy in the equities market.
GLD - on buy signal.
This is the first of at three part series on the growth in US Currency in Circulation (CinC)for people interested in investing in gold, silver and mining stocks.
There have been two trends in precious metals markets in recent weeks which I find very alarming. On the one hand, we see the large "shorts" (JP Morgan and HSBC) in the bullion market ratcheting-up their short positions again.
After soaring 35% in just 6 weeks, silver has driven trader enthusiasm to a fever pitch. Naturally after such a magnificent surge to new multi-decade highs, silver bullishness is off the charts.
The past couple weeks we have seen strong distribution selling in the equities market followed by equally large days of buying. These buying and selling frenzies have formed a sideways consolidation.
Question: How do you double the value of a Russian rouble?
Answer: Put two holes in it and sell it as a button.
USFed Chairman Bernanke and the Quantitative Easing programs are caught in a negative feedback loop, the instruments at risk being the USDollar and the USTreasury Bond. The former suffers from lost integrity and direct inflation effect.
There are many of us who have periodically aimed our pens at Jon Nadler of Kitco for his prognostications and thoughts on the value and role of gold.
The snow in my backyard stopped melting as Arctic air once again dominates Minnesota. So my tribulations with melting snow seeping into my basement have been postponed. Don't worry, before April 15th I'll be swabbing decks again.
It was a strong week for the precious metals especially Silver. We had a few large players in the world talk about Gold and the coming further weakness of the US Dollar and it's lessening role throughout the world.
With the general stock markets now due for a selloff while gold hits new nominal all-time highs, precious-metals-stock traders face something of a quandary. How are their stocks likely to perform in the near future?