Year: 2010

Gold has edged higher in each of the past nine years, and it is set to close off its decade-long bull market. Buying has been driven by…..

1.   Gold war update from the front lines:  The Gold Community retook $1400 last night.  Silver is close to retaking $30.  I won the battle as to whether gold would take out $1424 on the upside or $1315 on the downside.  Most thought $1315 would fall.   It didn`t.  Gold soared to $1430 basis dec futures … Continue reading

Do you think the Fed’s decision to move ahead with QE2, despite the strengthening economy rhetoric, was coincidence with the rollover in the “the Formula” and “Leading Formula” in November? Don’t think so. When the formula rolls over, it begins to feed on itself as described by Jim. Identification of the real secular trends shows the … Continue reading

The past week has been interesting to say the least. Gold is trying to find support while the SP500 grinds its way higher. Let’s jump into the charts and analysis to get better feel for what I feel is happening here. Gold 4 Hour Chart As you can see from the chart below gold has … Continue reading

Gold and Precious Metals….

In the past few weeks I have made the case that gold might be nearing a correction. I understand that people get defensive regarding gold (no pun intended), but I do not think vulgarities should be expressed towards someone who is pointing out the overbought nature of the daily and weekly charts. It seems any … Continue reading

  This essay is based on the Premium Update posted on December 10th, 2010 We picked up the Asian addition of The Wall Street Journal this week and on the back page was an article titled “China reveals Huge Appetite for Gold.” The article states: Gold’s record rally has been attributed to everything from worries … Continue reading

Weekly Review….

With little fanfare, the November budget deficit of $150.4 billion was reported, which happened to be the worst fiscal November in the history of the US, and just out of the top 10 of worst deficit months ever, including the traditionally weak seasonal months of December, April and September (indicatively, the worst deficit month was … Continue reading

The federal budget deficit rose to $150.4 billion last month, the largest November gap on record. And the government’s deficits are set to climb higher if Congress passes a tax-cut plan that’s estimated to cost $855 billion over two years….