This essay is based on the Premium Update posted on July 16th, 2010
We live in an era of unparalleled confusion on monetary and economic issues. It’s almost like a shoot-out among the economists in the Old West, except that here you can’t tell the good guys from the bad...
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Rick Ackerman’s pal Chuck is bullish. He too heard the “death cross” chants blaring far and wide, saw sentiment in the dumper, saw Robert Prechter and other D Boys broadcast far and wide and figured the fear was not sustainable. Now, at the dawn of —...
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Anyone who has been following this blog knows that I tend to do the opposite of the mainstream. My latest rendition of contrarian investing occurred at the latest intermediate term bottom in stocks when everyone was bearish, with many calling for a crash. What was I doing? I was buying.
I...
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Tell this to a baby boomer or a middle aged person and they would be quite skeptical. Their neighborhood financial advisor or planner doesn’t advocate Gold. It is too dangerous. It could drop to $500. Gold stocks? Hell no! After failing to get you out of stocks not once but...
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The long-term story for a gold and a gold mining stocks bull market is clear and easy to grasp: Dubious monetary policy and irresponsible fiscal policy with government debt rising all over the world are a surefire recipe for a surging demand in gold.
Toss in stagnant or...
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Quick update, since this is obviously going to be a crazy day.
The last month or so has been quite volatile for the stock market. One week we’re up 10%, the next week we’re down 10%. This is a market that can’t make up its mind where it wants to go.
We are currently...
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1. “We are scary, scary owners of euros,” – John Taylor, lead manager for world’s largest currency fund, Bloomberg News, June 28. The number one Bloomberg heading this morning says, “…Dollar Rally Buckles..”. I mentioned the bankster game of pumping the news with the other side of their trade. Read that...
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I believe we have recently added a much-needed element that will lead to much higher gold prices- boredom. General gold sentiment amidst near-record prices is muted and reminiscent of sentiment last fall when we broke out to new highs, backtested the breakout, then rocket launched for 3 straight months. It...
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Escalating sovereign debt problems in Europe has prompted some to wonder if another “Lehman” type collapse is on the horizon. As a result, some precious metals observers have grown cautious, fearing a replay of the events of two years ago. While it is always prudent to be cautious with an extremely volatile sector like...
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The following is a brief snippet of Wednesday’s 16-page update. Go here for more information on our service and a free 14-day no risk trial.
Gold
Gold remains on track (as far as our template). Here is the potential bullish outcome. The longer Gold holds above $1160 and that trendline, the more likely the bullish outcome.
Sentiment...
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