Gold Editorials & Commentary

“Paper money will ruin commerce, oppress the honest and open the door to every species of fraud and injustice” George Washington

THE LOOMING RECESSION & COMING DEPRESSION

The two primary engines pushing the USDollar down are extraordinarily low borrowing costs and extraordinarily high monetary growth. Money is very cheap to borrow, which encourages speculation for basic reason that many investments are rising in price.

How much gold?

The chart patterns in the following three scenarios are unanimous: The industrial markets will rise back to (but not yet break above) their previous highs: (Charts courtesy stockcharts.com)

GLD – buy signal this week.

This article continues the discussion on the current financial turmoil. This is part of my series “What Caused Home Mortgage Products To Go Out of Control?”

The New NEW Deal 2008…?

Few seem to remember that Wall Street is not a non-profit community driven by altruism or any sense of service. They would gladly cheat you out of your entire life savings if their actions were legal, or at least not prosecuted.

GLD – on sell signal.

The following is a quote from an article which discusses the current disruption in the airline industry in the USA, as the FAA moves to enforce its rules:

"Men haven’t changed much in the last 2,000 years and, in consequence, we must still learn from history." –

HOW DO YOU CURE A HANGOVER?

The prospect of a USFed 0% rate becoming a reality has been on my mind since August when the subprime made news hit.

When the going gets tough, the tough get going. From an investment perspective, times are getting tougher; so what do we do?

GLD – on sell signal.

Gold Market Update

One of the most frequent questions we get from newcomers to the gold market is "When should I buy Gold?"

The sudden about-face last night to become bullish on gold and silver stocks again requires some explanation.

The quicker we reach bottom, the quicker we can recover.

Seventy-five years ago this month Franklin Delano Roosevelt was inaugurated as the 32nd President of the United States. Within days after swearing to uphold the U.S. Constitution, through a Presidential Proclamation he closed the U.S. Mint to gold.

Last week we got the expected relief rally in gold and silver and closed out profitable Call option trades mid-week as the rally topped out.

GLD – on sell signal.

IP is over and a correction is now in progress.

I still expect Gold to run higher over the coming months. When anybody asks me if now is a good time to purchase Gold or Silver, I just tell them to keep buying and to “average in.” The massive parabolic move still lies ahead.

Now that the Fed and the Treasury Department have clumsily come to the rescue of the financial titans of Wall Street, it is now politically dangerous to resist similar pleas from just about everybody else.

The prevailing force-fed sentiment is that the US financial sector has bottomed out, the worst is over, the mechanisms for remedy are here, and time to get back in the water for profound bargains again. Let me rebutt!

BIG GOLD: Gold has passed its 1980 nominal high. Why do you think it’s breaking out now?

In some ways life never seems to change. When you are 5 years-old you run around the back yard looking for Easter Eggs on Easter Sunday morning. You find an egg, open it up, and get excited by what is inside- then you ramble after another.

The $988.50 forecast in Update 17 for the peak of Large wave I was exceeded by a small margin.

Did I say that?