Gold Editorials & Commentary

Another week, another move higher. I am nearly convinced that the storm has passed now and that sunny days are ahead for a long time. That is what I will say in 2012.

Gold, Silver and Oil breaks out to new multi week highs and shows signs of more strength to come. The charts below show both weekly and daily trading analysis pointing to higher prices for these commodities.

We are going to start this article with a premise, which is that the bond market and the dollar are much more important to the powers that be in the US than the stockmarket.

GLD - buy signal.

An ascending wedge pattern forms when the top of a rising trend channel converges toward the rising trend line that forms the bottom of the channel.

I have put together some interesting charts using the weekly time frame because they provide a cleaner picture of what to look for in the financial markets over the next 3-6 months.

In a bizarre exercise intended to defend legitimacy, the bankers are engaged in a complex game of propaganda.

Gold stocks have been performing well but I cannot help but notice that the gold sector has reached a major resistance levels on the monthly chart. As much as I would like gold stocks to continue higher we must be ready for a pullback.

Gold & Silver Report

The Dow rose 1.69%, the S&P rose 1.30% and the Nasdaq gained 1.47%.

In the past few weeks the tone of this analyst's articles has turned markedly more bearish.

"The problem with Socialism is that you eventually run out of other people's money." Margaret Thatcher

The battle for survival continues, as banks resorted to basic revisionist accounting (aka fraud) in order to claim improved health. Their reward was a financial sector stock rally of the most queer kind.

There are countless tips on how to make money. This article is not about that. Rather, we examine the definition of money, what makes good money, and how some bad monies stay bad while others have become acceptable through new ideas and technology.

Symmetry is beautiful and best shows up on a chart. Naturally, situations can change in markets and technical analysis is a bit of mathematics, art and luck all wound up in a knot together.

We are looking for the PM sector to make a big run starting right about now- a run that will likely take $Gold up to new highs over the next couple of weeks. Let's take a look at a couple of charts.

This article concludes that the probability of another stock market crash within the foreseeable future is very high. The word "crash" is used advisedly. Since early March 2009, the industrial equity markets have been rising on misplaced hope.

Last week was interesting with precious metals stocks finding support and moving higher to close above resistance on Friday.

Our title is borrowed from a caption of the Chicago economist and monetary scientist Melchior Palyi (1892-1970) writing on the fiscal and monetary legerdemain of the U.S. government in his Bulletin #401, dated February 27, 1960, as follows.

Men Of Honor

Last week gold rallied away from the danger zone, leaving behind a fine small Double bottom on its chart, and it is now shaping up to begin a strong run.

GLD - buy signal this week.

The markets in general just couldn't eek out a seventh week of gains. However they didn't lose much and are holding up surprisingly well in the face of worse and worse news, for now.

Over the past two weeks the broad market has been inching its way higher. The recent intraday volatility indicates bull and bears are both trying to take control. Money flows in one hour and out the next.

In a series of maneuvers, Chinese officials have revealed their strategy implementation in a very broad set of steps.

It has recently been stated by various writers in the press as well as politicians and thinkers such as De Bono, that the recession is up to 50% psychological.

Everyone is a player when it comes to gold. Investors, speculators, doomsday merchants, scholars, traders, governments, central banks, coin collectors and scrap metal dealers.

"The problem with Socialism is that you eventually run out of other people's money." Margaret Thatcher.

In this morning's media, (April 19th 2009) a Reuters article appeared, entitled U.S.