The incredible resilience the metals are showing caused the oft cited commercials to begin to run for cover.
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.
We have been waiting for gold to breakout above the 2008 high for almost 2 years. These charts show we are slowly working our way there.
Debate stirs on whether the financial structure of the USEconomy is broken irreparably.
Some years ago I penned a paper with the title "The Supply of Oxen at the Fed".
Amid all the Red Herrings splashed across the entire Media, the one really big and significant event, which was completely ignored by the Media, happened on Saturday 9/12: We had the first huge demonstration against being taxed to
The daily chart of the Gold miners bullish percentage index (BPGDM) is shown below, with the HUI shown in green. In the past whenever the BPGDM reached 85 or higher, it was often associated with a top.
The market continues to whipsaw traders out of positions as volatility rises. I have put together a few charts to show you where each of our commodities are trading along with the SPX (SP500 index).
The week was highlighted by the G20 and federal bank non-decision. There was little said about Ron Paul's bill to audit the fed. Would you have expected anything else.
If gold breaks out to clear new highs shortly, as it looks set to do, then silver is likely to make a "slingshot move".
My Problems With The DJIA Bull Electrical Power Consumption Down 4.51% Solar Power's Contribution to the Green Economy Upward Base-Line Price Shifts
Although copper is not the largest base-metal market (aluminum is way bigger), nor the most valuable of the primary base metals (nickel is worth several times more per pound), it is still arguably the most important base metal.
Today we had a reversal day for the broad market, us dollar, precious metals and oil. The market is over extended. We have seen the market rally 20% since the July low.
Only in Never Never Land can age and gravity be defied. In the real world such ideas may be described as "escapist fantasies".
A powerful hidden engine existed for close to 20 years called the Yen Carry Trade.
The battle for the heavyweight championship is raging into the later rounds.
Commodity ETF trading charts allow us to track and trade the underlying commodities with ease. I have provided a few daily charts to show were current commodity prices and chart pattern are at.
There is more courage and heroism in defying the human impulse, in taking the purposeful and painful steps to prepare for the unimaginable. - Malcolm Gladwell
In this article we are going to review in a dispassionate manner what gold has and hasn’t achieved in recent weeks and make deductions about the outlook.
One-thousand Federal Reserve Notes per troy ounce! This past week gold edged over $1000 to close at its highest levels ever witnessed.
Could it be that one response to the Chinese shot across the bow of the corrupted and leaky USS Derivative ship at sea is the announcement that Barrick Gold to cover their entire hedge book… again? Maybe!
I recently received a request in my mail to spend more time talking about precious metals mining companies.
This past week saw some great moves by gold and silver and their equities. Even some of the smaller stocks really woke up moving more than 30% in some cases.
Investors will much more readily forgive a market commentator who is bullish and wrong than one who is bearish and wrong.
Gold is back in the spot light as it flirts with the $1000 per ounce level. This closely watched commodity looks as thought it will rocket higher because of the multiple trading time frames indicating breakouts.
All four ETFs remain on buy signals. Prices are ahead of the moving averages, therefore, ideally a four to five week trading range will allow them to catch up.
Last week when gold started flirting with $1000, the gold stocks caught a serious bid. On an impressive 3.8% 2-day gold rally, the flagship HUI unhedged gold-stock index rocketed 15.7% higher!
Before the Hat Trick Letter was launched, a little splash was made when a Jackass Nobody wrote "25 Reasons Why Gold Will Rise" in November 2002. It was so many years ago that the piece no longer appears in archives.
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The purity of gold is measured in carat weight.
