As I was scribbling notes preparing to write this missive, I came across Jim Willy's excellent latest piece on Gold-Eagle (a must read) and although I actually comfortable standing out there all alone, I was pleased to discover tha
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.
Last Friday, the central banks of Europe extended their landmark agreement on gold sales. 18 national central banks, along with the European Central Bank itself, signed the third Central Bank Gold Agreement.
Commodities continue to trade at their pivot points while the pressure rises!
The Paradigm Shift continues to displace the power centers and introduce new ones. Those bright souls who ignore the shift will be well prepared for systems that soon do not stand.
The U.S. government (and their loyal, media-parrots) has spent a great deal of time crowing that "demand has remained strong" for U.S. Treasuries.
Commodities took a breather last week, while stocks slowly continued their march higher.
Gold's technicals have been looking very promising in the recent past, but there have been two worrying developments over the past couple of weeks which suggest that we may be about to see a vicious shakeout rather than the breakou
Among gold investors, the major drivers of the gold price are well-known.
A great question to ask is: what was the first important chapter written in nonsensical Economic Mythology?
This week commodities have been moving higher which is exciting. Gold, silver, oil and natural gas all have bullish looking daily and intraday price action.
Last week we saw commodities sell down then put in solid bounce, which allowed us to generate new pivot lows for drawing support trend lines. This is the exact type of price action I have been waiting for.
The past week didn't see much movement in the end as indices were mostly flat. What was interesting to me was the big fall in markets world wide in the middle of the week while the US market hardly moved.
The tables are fast turning against the deeply indebted USGovt officials. USA Inc is in deep trouble.
The historic rule of thumb is that the S&P500 is correctly valued with a price/earnings or PE ratio of 14, the market normally hits the area of 7 at true bear market bottoms, and 21 at bull market tops.
Commodities are trying to hold their ground and could go either way quickly. There is a lot of chatter going on about gold and silver. I am hearing extreme theories from everyone I talk with.
For many years we have all reached a resigned indifference to the way inflation figures are manipulated to suit the masters of the day. The end result is that GDP growth is overstated and adjustments to wages and pensions muted.
The chances of gold breaking out to new highs in the near future are rapidly diminishing as the heavy hitters who have always prevailed up to this point are dramatically ramping up their short positions.
Big round numbers are irresistibly alluring. There is some kind of psychological gravity about them that captures people's attention.
A paradigm shift is underway, unrecognized inside the US kettle. Its water level is falling and its temperature is rising, even as fewer foreign born cooks stir its contents.
It's that time again when the gold bugs come crawling out of the wood work.
The rising tide lifts all boats, and that is exactly what we saw last week. Gold, silver, oil, natural gas, and stocks all put in a solid bounce last week.
The past week saw some major gains in the major averages helped by some good earnings by banks, which were offset by some major names disappointing in the earnings confessional.
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