The calm Thanksgiving time never came this past week as markets crashed worldwide on fear the Dubai debt crisis will be the spark that lights the next round of the bear market. Whether that be true, it's still too early to tell.
Nothing...
Below are some questions from my dear readers and even dearer subscribers who are so gracious in their questions and statements to me, and have so much patience with my tardiness in responding sometimes, as well as missing the occasional...
All the precious metals are strongly bullish at the moment. Gold is seeing accumulation on sideways moves now instead of corrective moves. The action is more bullish than I would have imagined at this stage in the secular bull market. We...
The major US indices resumed their rallies this past week but that didn't stop the metals from moving higher also. It looks as if the US markets will continue higher for now. The rally concerns me and is something we need to keep a close...
I was sent an email with ten questions this week. That is nothing new but the title of the email had me a bit confused as to why I was on the list of recipients. It was titled "Questions for all wise people". While far from wise I thought...
It was a more exciting week than I could have imagined, and I imagined quite the exciting week. Let's get right into it today.
The gold option writers got what they wanted this past week and while gold call holders got taken, technically it was good for gold. It's now ready to move higher again now that it's free from the shadow of option expiry.
I remember well when gold rose from the measly price of $400 to above $700, the excitement was contagious. Then it rose from $700 to $1000 and the excitement was marginal. Now as we are at the beginning of the next major up-leg the...
With gold at all-time highs many investors are worried about buying and rightly so. I think gold will be moving towards the $1,500 level over the next three to six months. Then I expect a correction back to near these levels and perhaps...
The incredible resilience the metals are showing caused the oft cited commercials to begin to run for cover. For gold they increased long futures contract by 4,585 and reduced short contracts by 7,791 as gold retraced below $1,000 late in...