Gold Editorials & Commentary

GLD - on sell signal.

Natural forces are at work in Europe, powerful forces, in fact forces that are not evident. It is amazing how little the financial analysts notice the forces at all.

Last week looked and felt like a pivotal week for both stocks and commodities. The past two weeks have had investors and traders in a panic as they try to find safe investments for their money.

Last week looked and felt like a pivotal week for both stocks and commodities. The past two weeks have had investors and traders in a panic as they try to find safe investments for their money.

It was a strange week indeed as markets appeared to move higher, only to lose gains near the end of the day giving false confidence to market participants. The question remains whether this is the start of the second leg of the bear market.

I know that it is not polite to beat one's own drum, but I don't know what better way I can use to highlight the differences between what I have been writing about over the last few years and the backward looking dribble that has been permeating our TV screens.

GLD - on sell signal.

Let me start the article with a personal note. For the last six years, my pen has put forth a public article almost every week. Since the end of 2009, a change has come from that pattern, for four reasons.

It's been an exciting week for traders as volatility levels are through the roof and the broad market is moving up and down like a yoyo.

The great Professor Roubini has recently declared on television that "gold has no intrinsic value" and that "if anyone is concerned about inflation they would be better off buying spam."

The stock market topped in April which was expected from analyzing stocks and the indexes.

Drastic times call for drastic measures. I have made major changes this past week to my portfolio. I am scared, and have taken appropriate actions. Safety first is now the motto I embody.

GLD - sell signal this week.

The condition of Europe has become the psychological linchpin governing the world's financial markets. Even the notoriously insular American investors are fretting about Europe's woes on an hour-by-hour basis, which is incredible.

I'm not sure where this will all end, but today we saw a Dow Theory sell signal.

It has been an interesting week in the market as stocks and commodities push to extreme support levels. Below I have posted some charts showing where the market is currently trading at and what I think is likely to unfold.

"The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt.

Last week was amazing for both gold and index traders as gold surged higher and the SP500 tested a key resistance then fell 4% in our favor.

GLD - on buy signal.

With the European sovereign-debt troubles dominating financial news, the euro has taken quite a beating lately. The majority consensus opinion even believes that the euro's very existence is threatened by this crisis.

It's been an exciting couple weeks in the market with gold now making new all time highs as money floods into this shiny safe haven. It has everyone all worked up wanting to take part or they are riding the rally up already.

The events of the last 12 to 18 months have been as shocking as they have been instrumental in reshaping the global financial structures. In fact, the events have pointed out the fracture of the global monetary system and banking systems.

Last night I came across a site on the web named COSTOFWAR.COM which shows the accumulating costs of the wars in Iraq and Afghanistan.

Two thirds of all trading on the NYSE is algorithm trading by hedge funds - some, with advance information because of the location of their computers - effectively trading as quasi insiders. Timing is in seconds.

The Quantity Theory of Money

Historically, gold is rare because of the poverty of precious yellow metal in gold mines. Despite all the difficulties, the world gold production managed to grow for centuries; it is multiplied by 4 in 100 years.

The Hungarian Connection

As we all know, last weeks stock market blip/mini crash was very emotional for those of you watching or trading it live. A lot of money changed hands last week and you either lost a bundle or made a bundle…

Gold ended last week very close to new highs against the dollar, which was a remarkable achievement given that the dollar soared and that the stockmarket fell heavily.

GLD - on buy signal.