Gold Editorials & Commentary

When things go wrong with one’s Elliott Wave count, it normally means that there is an error in the prior wave count.

The idea that the US Government can “bail out” those whose financial failure seems likely to trigger an implosion of the derivatives market needs to be seen in light of two factors:

THE OBVIOUS IS OBVIOUSLY WRONG

We are in historically unprecedented times. The foundation is being laid for a default of USTreasurys in the wake of the greatest regulatory failure in modern history, and the collapse of the US financial system.

Introduction

Gold Market Update

GLD – on sell signal.

More crucial than ever, observers must take the broader perspective that avoids overhearing the party on Wall Street. They know not what they celebrate. It is their demise.

A lot of thought and research takes place throughout each week and weekend in order to publish the best newsletter possible. Yesterday’s was no exception. We presented bullish and bearish thoughts on gold and those still stand.

GLD – on buy signal but still no set up yet.

Something big this way comes. Events will center upon the arch-nemesis of gold, the USTreasury Bond. Market interference is too huge, for bonds, for bank stocks, for the entire financial sector. Banking system structures are too broken.

For the last two weeks, I've asked my readers to go to their local coin shop on Tuesday, September 2, at 2PM. In sum, for those who acted, they were alone. Most shops were out of silver, or nearly out.

The gold market analyses put out by the likes of Gold Fields Mineral Services (GFMS), the World Gold Council (WGC) and most major banks invariably concentrate on things like jewellery demand, new mine supply, and scrap supply.

Who Should Use them - and Why

“Sometimes I wonder whether the world is being run by smart people who are putting us on….or by imbeciles who really mean it.” – Mark Twain

GLD – buy signal this week.

The title refers to Aesop’s tale about the wolf that has lost his tail in a trap.

The highest functions of the financial system have finally broken to the point where smart and connected people are openly making comments.

I believe that it is time for us all to become (re)acquainted with Robert Triffin. Triffin was an economics professor at Yale University in 1960, when he exposed a gaping flaw in the Bretton-Woods monetary system:

Gold Market Update

GLD – on sell signal.

Really, no hype, I found a way you can get physical silver practically for free.

That's a silly question.

Back in late 1979, the lineups to buy Gold looked more like the lineups to buy Stanley Cup Hockey tickets at the then famous Montreal Forum.

GLD – on sell signal.

When we understand “what” is happening (the facts) then we might have a stab at “why” it is happening (the theories). In turn, this might throw some light on what we might expect to unfold in the foreseeable future.

It is hard to find much positive regarding the gold trade lately. The attacks have been multi-faceted during the weak late summer season. So resort to something of value: THE TRUTH.

We think the 80 week exponential moving average is valid to identify support for gold as 2004 identified that as a support pivot.