Commodities prices have been exceptionally volatile in recent weeks, with big daily rallies and plunges intermingled.
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.
Having pumped the financial system with liquidity for over two years, Ben Bernanke has now decided to take his foot off the pedal temporarily.
Lately there have been calls for the US to sell some or all of their gold in order to help reduce the debt and budget deficits.
In 2010 the US went into debt a further $3.5 billion each day.
How can any Economist, Analyst or other type of seer or prognosticator completely ignore Government actions and policy changes, including the consequences both intended and unintended, of Fiscal and Tax policy and still expect to b
Aren´t silver investors funny?? - they were raving bullish when the price was close to $50, now that it's down about $15 and near to $35 they are despondent.
There is a pattern that just jumps out at us, which we want to present as our new highest probability scenario for the big picture.
Let's start off today with an old classic by Olivia Newton John, "Let's Get Physical." Cheesy? Absolutely. But, as it applies to the precious metals market, it's what you really want to do.
It is no longer a matter of whether or not you should buy gold and/or silver but, rather, which type of investment(s) and how much.
In a single week, the manic euphoria gripping silver recently was utterly obliterated. After promising such rapid wealth creation, this metal collapsed in what can only be described as a near-crash.
It was a week like we haven't seen since the beginning of the crash in early 2008, but this time it was mostly in the commodity sector.
The beleaguered US dollar has certainly challenged silver's crown of being the most-one-sided trade lately.
Silver was one of the top priorities for many of precious metal traders until last week. However, silver market witnessed a dramatic turbulence in recent days. Let's examine what has happened in silver market, in detail.
The past few weeks we have been seeing the US Dollar slide to new lows at an increasing rate.
Silver has posted an incredible first four months of the year, appreciating by over 60%!
The interesting thing about gold is that although it has been in a steady long-term uptrend there has still been no meltup, such as we have seen in silver, but if the dollar really caves in that could very well happen - and such a
We are entering the six-month period of negative seasonality from May 1 through October 30, which will present a headwind to the market's current rising trend.
{This update to an editorial I wrote on 02-10-11 was provided to subscribers on our website over the last couple of weeks and is provided in limited scope with updated charts. The link to the original article follows.}
When gold hit the psychologically important $1,500 level it didn't surprise us, but we admit that silver's recent performance gave us a small thrill.
Having just written a commentary explaining why gold and/or silver "mania" is much more of an imminent event in Asia than in the West, when I saw silver leap more than $2/oz in early, Asian trading on Monday that definitel
The chart below is a picture of the silver market........ now read it's story.
Back on March 31st I wrote an editorial showing that Silver could rocket up to $52 to $56 by mid-year. At the time of the writing Silver was sitting a little above $32 on the price chart.
It was another wild week as silver roared and gold held its own as well. The US markets were even wilder as they bucked and jumped after news of a US receiving a forecast downgraded from a prominent ratings agency.
The chart below is a picture of the silver market........ now read it's story.
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