Gold Editorials & Commentary

The Elliott Wave Theory (EW) gives superb results in predicting the gold price.

We are at the edge of a major economic crisis. Our monetary system is the underlying cause of this major crisis. The massive debt bubble created by our monetary system is about to burst.

It was a fine week to head out of town to a tropical beach, sit, drink, read and swim to you hearts content and forget about this crazy market and the smashing gold and silver and most equities and indices took.

GLD - new sell signal.

After updating my gold-seasonality research last week, I heard from traders wondering how it affects gold stocks. Since the price of gold is their primary driver, gold seasonality naturally has a major impact on gold-stock price levels.

You will often read how various experts in the financial press will say that the gold price "should be" about $2000/oz., to $3000/oz., or slightly higher.

What an incredible whirlwind of crisis from seven foul winds around the globe. Most emanate from Europe, which is far from its climax in crisis.

GLD - on buy signal.

Gold has behaved as predicted in the last update, which was two weeks ago. It advanced a little further into nearby resistance, before reacting back quite sharply on Thursday.

Everyone but me seemed to be happy about how the stock market ended the week. Well, I'm a bear, and bears are more realistic about things like the approaching end of the world as we now know it. How's that?

I'll be heading out of town early this week as it's a holiday in Canada Friday as we remember our Veterans which means it's time for deer camp!!

Gold has just entered its strongest time of the year, embarking on a major seasonal rally. Naturally this is very bullish for not only this metal, but the companies that wrest it from the bowels of the Earth.

GLD - on buy signal.

Gold did exactly as predicted in the update last weekend - it dropped back briefly to touch the bottom of our short-term reaction target range at $1680 before rebounding, as we can see on the 4-month chart below, and we were buyers around $1705 and below.

Last week, the media celebrated the Dow's best October ever! But Monday was Halloween, and the first week of November more trick than treat for investors with the Dow down 248 points by Friday's close.

October was truly an epic month for the stock markets. The flagship S&P 500 stock index rocketed 10.8% higher! As its best month since December 1991 and best October since 1982's, October 2011 was inarguably awesome.

Bad habits are just that; repeating patterns of behavior that ultimately lead to some undesirable outcome. I like my tobacco and whiskey.

GLD - on buy signal.

No politician wants to end up with his head adorning the railings of some public building, and thus - possibly spurred into action by the video of the grisly end of Colonel Gaddafi - European leaders started to display qualities normally totally alien to them l

Much has been made of the volatility investors endure in the gold market. No doubt about it, the golden bull has a way of throwing off the faint hearted investor who hasn't studied how things are done in his rodeo.

It was another wild week in the markets with some breakouts higher which failed then breakouts lower which failed only to see massive moves higher coming into the end of the week, especially Thursday.

The Gold Report

"No one and I stress no one is able to predict with certainty how and when the whole situation will unravel.

The feverish positive sentiment has left the Gold & Silver market in the last two months.

"No matter how much money or love you've made or lost, you can still make more."

JP Morgan is the largest silver short-seller in the history of the world. JP Morgan is the "custodian" for the largest "long" silver fund in the history of the world, making this one of the largest conflicts of interest in all of history.

Technically the picture for gold now looks strongly bullish.

Once upon a time, the Chinese government forbade ownership of all precious metals.