Gold Editorials & Commentary

Last week was exciting with broad market and gold forming an intraday reversal pattern after a long overbought rally, then broke down though short term key support levels.

News of fraud charges finally surface and sent the particular stock as well as the markets in general into the toilet within seconds. Fleet footed traders made like bandits while Cramer looked to have seen a ghost and tried to talk the stock back up.

Silver's recent rallying action is starting to catch traders' attention. Since the end of its latest correction in early February, this white metal has surged 23% higher. It has well outperformed gold, which only climbed 9% over this same 9-week span.

In my last report I showed some cycles for the price of gold and how they were starting to roll over which would in turn put some selling pressure on both gold and silver this week.

Years ago, Jimmy Stewart played the lead in a movie titled, Mr. Smith Goes to Washington. In this case, it was Mr. Butler goes to Washington. Who did you meet with?

Markets just can't be stopped, like a runaway train. The Dow is on the cusp of retaking the important psychological barrier at 11k while the S&P500 is flirting with the 1,200 level.

BERNANKE

GLD - on buy signal.

In less than 8 weeks, the flagship S&P 500 stock index (SPX) has relentlessly powered 12.6% higher. This big run has been very unbalanced too, utterly dominated by long up-day streaks. And for the most part, the occasional down days have been trivial.

Investors often seek safety from financial market turbulence in US government bonds since they offer virtually no risk of default and, unlike cash or gold, provide a yield.  At the same time, sovereign debt default concerns outside the US, e.g.,

While the multitudes debate over whether an economic recovery is coming to the United States, signals sound loudly in harsh tones. While they point to the recent rise in the USDollar, signals sound loudly in harsh tones.

I hope everyone had a great weekend and Easter Holiday!

This is quick update as its Easter Sunday and it's a time to relax with the family.

Below are two charts and my thoughts on what I am looking for in the coming days and weeks.

It looks like we have just stepped off the train before it starts to leave the station - in other words it looks like last week's update was DEAD WRONG.

Just in time for the eater bunny, gold, silver platinum and palladium all hoped up out of their bullish technical formations.

Many public readers have asked what my current prognosis is for the gold market. I have published a special report for our subscribers in November which continues to be on track and valid for the current market. Here it is in its original content:

Gold and the stock market continue to trade within a tight range this week. While the long term trend for both stocks and metals are up, and the charts look bullish I am not buying at this level because the market is over bought.

TROJAN HORSE PHILANTHROPY

The event that many would like advance warning on is economic collapse. It is an event that most informed economists say is inevitable due to U.S. deficits that are too large to be paid back. Yet, those of us that must work and pay our bills cannot stop what we are...

Stocks

I'm going to start off with a few breadth charts.

In the current phase of relative peace and stability we now enjoy, many are questioning when the next major war may occur and speculation is rampant as to major participants involved.

I wish I could talk about the recent CFTC hearings in regards to position limits on metals in a more favourable light, but it seems all the build-up was for naught.

Among all commodities stocks, no group is as alluring and dangerous as junior gold stocks. The vast majority of these small companies are explorers, having never made a single dollar in sales. Yet investors and speculators still flock to them.

I think many of you will find this article interesting as I show several different indicators which point to an imminent correction for stocks and precious metals.

Mr. Bevan, could you explain what a person is to do with gold and silver coins in the future, when the dollar becomes worthless, outside of taking them to a coin dealer? Kinda hard to trade eagles for milk, especially gold eagles!

The USEconomy is bifurcated, with price inflation advancing on the cost side while price deflation harms on the asset side, to produce a nasty storm that is unlikely to abate.