|
Dear Readers:
Your webmaster is moving home and office so updates will be less
frequent over the next couple of weeks. In the meantime I invite
you to visit our archive pages and
especially the recommended archives of
Ted
Butler,
Jason Hommel,
Douglas Kanarowski,
Clive
Maund,
David
Morgan,
Jim Otis,
and
Charles Savoie. Thanks for your
continued support of our sponsors, it helps keep this site up
and running.
Jun 29
The Gold Price is About to Move Higher Franklin Sanders
Right now, silver is following gold, and y'all shouldn't
expect that to change any time soon. At stake here for the Nice
Government Men is keeping the gold price away from US$1,000.
However, gold is tugging at the leash so hard it might reach
US$1,000 before the fall, unseasonal as that might be....
Jun 29
International Forecaster June 2009 (#8) Bob Chapman
The Treasury plans of having the fox, the Fed, take over the
chicken coop is pure insanity. These are the very people who
caused the problem by encouraging mis-rating, securitization and
lending that defied reality. Now the Fed is to become policeman.
It is really insulting and removes any sense of security from
the system....
Jun 29
What Summer Doldrums? Warren Bevan
It looks like the needed correction is now over for the
precious metals and they are ready to move their way back up.
Most commentators and traders remain bearish gold, but I am very
bullish gold and their equities right now. Everything seems to
be lining up for gold here and now. Even as India’s buying wanes
during the summer months the strong demand by others and the
realization that inflation is coming in a big way is keeping
gold steady and about ready to make a break for the $1,200 to
$1,300 level, at the very least, over the summer....
Jun 29
Technically Precious Merv Burak
Gold tried to rally during the week but the overall action
was not too impressive. I guess the world is just not ready yet
to collapse into ruin. Individuals, well that's a different
story....
Jun 29
Gold Prepares For The Big One Roger Wiegand
Longer term charts tell the tale and block out daily trading
noise. This weekly chart with a hugely bullish, inverted head
and shoulders forecasts a major gold buying event later this
year. This would be consistent with our forecasts of smashed
stock markets after Labor Day 2009....
Jun 29
Gold. Are You Shooting Your Own Soldiers Stewart Thomson
In the GOLD market, your number one warning system is:
Price. If price falls a bit, buy a bit. If price falls a lot,
buy a lot. Hands up all those who think gold is a better buy now
than at $250? The investor who bought at 990 is in the hole. The
investor who bought at $250 has… quadrupled your money. End of
argument....
Jun 29
Everybody Knows The Dice Are Loaded Aubie Baltin
Today's situation reminds me of a time back in the 1960's
when I owned a cigarette vending machine business. As I was
walking into the local illegal gambling joint where I had my 2
best machines, I bumped into a man who warned me that all the
games were fixed and that he had just lost all of his money. So
I asked him, "If you knew that all the games were fixed, why did
you play? "It's the only game in town" he answered....
Jun 26
Dragon's Hoard Michael J. Kosares
In the years to come, China will continue to steadily build
its gold reserves through domestic production. It will also
attempt to purchase whatever gold it can on the world market
through official sector purchases or whatever additional means
it finds at its disposal. In the process it will become the
fire-breathing dragon in the gold market's living room -
ubiquitous and formidable, a presence that cannot be ignored....
Jun 25
International Forecaster June 2009 (#7) Bob Chapman
This idea of a non-bank currency issued directly by a
government free of any interest burden is along the lines of
what Presidents Lincoln and Kennedy did, and tried to do,
respectively, for the US. Their boldness in promoting the
welfare of US citizens cost them their lives. They did not want
to become interest slaves to a private national bank, and chose
to issue our own official currency directly from our Treasury
Department free of the interest burden imposed by a privately
owned, debt-based, European-style fractional reserve banking
system, which is what...
Jun 25
The Mysterious Omen that is 'Divisor Change' Richard Daughty
...big things happening is always a bad omen, unless you are
looking for an omen to buy gold, silver and oil as protection
against fiscal insanity, and monetary insanity, and the insanity
of the government's Plunge Protection Team meddling in the
markets, making it all so, so much worse....
Jun 25
How to Analyze Insider Selling in the Junior Mining Sector
Dudley Baker
The junior mining sector has been performing much better in
the last few months and we have seen many of the shares prices
jump up substantially in price. Investors may be asking, 'is it
too late to buy or should we sell?' One piece of information
easily available to investors is the insider activity which we
always factor into our decision making process. Frequently we
see articles on...
Jun 25
Devolution: 20 Predictions Charles Hugh Smith
As we watch devolution in action over the next few years,
observe how it is managed so the hapless frog won't jump from
the pot. That is what they're counting on, of course; a
devolution passively accepted by a media-duped, gadget-addicted,
self-blaming, depressed, drugged-out populace. Put another way:
devolution is what happens while the Delusionol (tm) wears off.
Jun 23
How Far? Franklin Sanders
I have been recommending that y'all buy silver and gold on
any decline -- well, here's a big one. We have to be somewhere
near a bottom. Remember that silver and gold are in a primary
bull market, and they will be rising again after this
correction....
Jun 23
Sentiment Suggests that PMs Are Likely to Shine Once Again
P. Radomski
Please keep in mind that none of this is a "sure bet" that
we will immediately go higher - there are no certainties in any
market. However, in my opinion this scenario is likely and it
seems that it will be profitable to bet on higher precious
metals and mining stocks prices and to position yourself
accordingly....
Jun 23
Gold Review for Monday 6/22/09 Thomas Hartmann
Commodity markets proved vulnerable today to worries about
the economy. It appears that many markets have rallied hard over
the past few months on the belief that the economy was turning a
corner. But over the past week or so, doubt about such a
recovery has crept into the market.
Jun 23
International Bailout Brings Us Closer to Economic Collapse
Ron Paul
Last week Congress passed the war supplemental
appropriations bill. In an affront to all those who thought they
voted for a peace candidate, the current president will be
sending another $106 billion we don't have to continue the
bloodshed in Afghanistan and Iraq, without a hint of a plan to
bring our troops home....
Jun 23
Technically Precious Merv Burak
Gold dropped a little during the week but really went
nowhere in the whole scheme of things. Lots of conversation
about where gold is headed, in my local technical googlegroup.
Here, you only get the simple, “where are we now?” and “what is
the existing direction of trend?”. When things change my
indicators will change and I will change with them....
Jun 22
Silver Market Update Clive Maund
We are believed to be at a good entry point for silver here
as the overall pattern is strongly bullish, and the predicted
reaction of the past few weeks, which has served to unwind the
earlier overbought condition, is now thought to have run its
course....
Jun 22
Gold Market Update Clive Maund
Gold broke down and went into decline, as predicted in the
last update posted early this month. At that time our maximum
downside target was the strong support in the $880 area, but now
there are strong signs that the decline has either run its
course, or is close to having done so, and that a breakout to
new highs may be close at hand....
Jun 22
International Forecaster June 2009 (#6) Bob Chapman
When everything else gets more expensive, and as fiat
currencies are shown to be the "worthless paper" they really
are, gold and silver will become the only real safe-havens from
the resulting inflation and financial deterioration. That will
then generate a demand for precious metals that is so great, it
will drive the price of gold and silver up until they catch up
with the overall supply of money and credit, and there is
nothing the Fed can do to stop it, short of...
Jun 22
Active Traders Report
for Gold, Silver, Oil & Nat Gas Chris Vermeulen
Precious metals like silver and gold have pulled back to
support levels and trending sideways. This week will be
interested as we watch prices bounce or breakdown. The energy
sector looks be breaking down with more power as the bullish
percent index for energy stocks dropped substantially last
week....
Jun 22
Trading Gold With The Gold Direction Indicator Peter Degraaf
The price of gold often bottoms in early July and then
meanders along, slow but steady, and after Labor Day gold takes
out the top that is set in the spring. This is based on 35 years
of historical data. This year, due to the massive Federal budget
deficits, the bottom could come sooner, and the rate of increase
could very well exceed historical rates of increase....
Jun 22
Silver/Gold Ratio Reversion 2 Adam Hamilton
Silver has endured a rather tough June so far. After peaking
just under $16 on the 2nd, this white precious metal plunged 12%
to just over $14 by the 15th. This is certainly a significant
decline for less than 2 weeks, so silver traders are anxiously
wondering what it portends. Will silver languish in the summer
doldrums again this year?...
|