On the first Friday of every month, observers of the USEconomy, armchair critics of official policy, cheerleaders to the American dream, spin doctors on Wall Street, and an army of investors wait with baited breath for the mass of
Bear's Lair
Bear Markets always follow Bull markets and a severe stock market correction is long overdue. Bears Lair will spot, monitor and analyze the stock market correction as it develops.
I receive a lot of hate mail from loyal Barrick shareholders accusing me of "plunging my little dagger into Barrick's back out of spite".
I am working feverishly on a piece about "The Crime of '73," but it isn't finished yet. That's 1873, not 1973.
As the FED continues to slowly raise interest rates quarter point by quarter point, the financial environment may seem to be changing very little, but in reality it is becoming increasingly at risk from financial torna
In my last special report dated 7/29, I said, "Those in cash remain patient, wait for signals and set ups, and be prepared to be whipsawed a few more times if the signals occur before the major breakout.
Perhaps Abraham Lincoln would never have devised his famous adage about fooling all the people all the time if he had a chance to observe the current bond market's complete obedience to Fed propaganda.
In 35 years of watching markets I have never seen anything quite like the three charts that follow:
If you have a pain in your chest, you just might be going to, or actually having a heart attack, and especially if the pain lingers.
Back in 1995, early experiences with gold charts were fascinating as my teeth were cut during the last emergence from a recession.
I promised "jjp" an explanation of why I think that, although the first HUI fractal clearly moved to lower lows for the correction at this point, this time around new highs might be in the cards, instead.
Home page of GAM
When economic times are good, people pay very little attention to the work of economists.
This week, as the Fed came through with its highly anticipated pause, it conspicuously left the door open to future rate hikes.
I am not an extremist, or at least try not to be. Paranoia runs deep in most of those of you who read these columns or invest in precious metals, as it should.
Well, hello to everyone. It has been some months since I have written an editorial so just where do we start?
Do you gamble with gold and silver physical? I mean, when it seems to have reached a 200 day moving average or better, do you sell and buy back when it goes down?
When combined with last week's soft GDP numbers, today's weak jobs report, which contained an up-tick in the unemployment rate, gives the Fed all the cover it claims to need to ignore evidence of accelerating inflation and finally
MORE GOLD RESOURCES THAN ANY OTHER JUNIOR GOLD MINING COMPANY
Business Summary
Many of you will have seen, at some point in your lives, the classic optical illusion picture, shown below, in which you at first see either a young woman, or an old hag.
I have been reading many articles on the topics of gold and gold miners for a few years now.
Major uptrends start when people are least expecting them, and sadly that includes a lot of analysts who, being human too, frequently get caught up in the prevailing psychology.
My last article "gold stocks are breaking down" has incited a few hate mails from the gold bugs.
Those of us in the investment business who advocate individual gold ownership are often accused of being unpatriotic.
Oh my gosh, what'll we do now? Helicopter Ben must be stewing in his boots as he finds out what a mess Greenspan left him. Here in Colorado, one out of every 158 homes is in foreclosure, the worst in America.
There are a lot of conflicting opinions being bandied about regarding the outlook for Precious Metals prices, as many readers will no doubt be aware, and when this occurs, it is usually a symptom of a trading range situation.
Many investors wonder what the consequence is with a damaged compass for guidance in the economic seas. Assets must be granted a premium benefit in return for risk to capital.