Gary Tanashian

Even after the blow off in silver and gold’s euro hysteria-induced blow off I did not expect a repeat of the 2008 crash in the HUI Gold Bugs index to happen given the state of the real price of gold (RPG) today as compared to the run up to 2008.  Wrong sir, the black boxes … Continue reading

There are signs in the recent jobs and ISM reports that the previously inflated economy is decelerating. Late last week, the clown running JP Morgan said stupid things about the smart [read: talented] people he has running his high risk trading operations. Europe is of course front and center as it continues to fall apart, … Continue reading

Excerpted from this week’s newsletter, NFTRH186: Gold is grinding out a wall of worry that began construction out of a natural unwinding of the momentum that came in during the acute phase of the Euro crisis. More bricks were added weekly by various luminaries calling bearish; the most recent being Buffett’s right hand man, Charlie Munger: … Continue reading

NFTRH185 transitioned from an intensive breakdown of a developing bullish case for gold stocks into a more broad discussion, ‘Transitioning to the Macro‘ from which this brief extract is clipped: Saving the best for last, behold the Au-SPX ratio and its Cup (3 years in the making) & Handle (conveniently, a Falling Wedge with 5 distinct … Continue reading

This is a portion of the ‘Macro Discussion’ segment of the April 15 edition of Notes From the Rabbit Hole.   Here on FOMC day I thought it would be appropriate since the Fed has the power to kick it into gear by pretending to be the guardians of sound financial policy for just one more meeting.   … Continue reading

The 30 year / 2 year Treasury yield curve has been on a steady march higher since 2007.  This makes sense since that was the year things started falling apart in inflated, debt saturated developed global economies, led by the nation that showed ’em how it’s done when it comes to economic management by inflation; … Continue reading

Now that the markets are becoming actionable, with the premier gold stocks technically broken, the stock market vulnerable beneath significant long-term resistance and even a less than stellar jobs report that got both Obama and Romney publicly fretting (a first inkling that Dear Monetary Leader Bernanke will eventually change the Fed’s ‘hard guy’ stance with … Continue reading

…says Gartman.  From Forbes entry in the ‘Running of the Goldbugs, 2012’ sweepstakes: Bernanke delivered the fatal blow to gold’s ten year bull market, according to Dennis Gartman.   Gold has been in bear territory since the summer of 2011, when it topped out above $1,900 an ounce, with the latest post-FOMC sell-off inflicting irreparable … Continue reading

So there was a panicky spike in gold last summer as the herd sought refuge from the euro, which was falling apart as some of its components had a really hard time peddling their legacy of debt. This was going to be the big one as gold was finally going to blast off, better get … Continue reading

As the HUI index of premier gold miners continues to chop and grind its way through ongoing correction, the idea for those who understand that this unique sector of the stock market stands to gain during phases of economic contraction, is to survive. The idea is to remain strong (and by strong I mean have … Continue reading