Jeb Handwerger

We are seeing some healthy profit taking in gold (GLD) and silver (SLV) after making an explosive breakout over the summer.

An old melody advises us to look for the silver lining whenever dark clouds appear in the blue.

We have always regarded the markets as a grand casino subject to the manipulations of the Croupier and the House.

The rule of the casino emphasizes that in order for one to be right in the market, the consensus has to believe that you are wrong.

Gold (GLD) is consolidating after hitting a two-week high. Investors are witnessing renewed strength in precious metals after the Fed announced the expansion of Operation Twist until at least the end of the year.

We have climbed the wall of worry for over twenty years as wealth in the ground becomes increasingly desirable in a world that is threatened with the ghosts of depressions past.

Recently, the gold (GDX) and silver (SIL) miners have been outperforming the S&P 500, indicating that we may be seeing the rotation from overvalued equities into the undervalued miners.

We are witnessing a few cautionary signs that indicate a radically overbought U.S. equity and bond market.

Around the year 1650 A.D. the word highwaymen entered our language.

We are encountering storms in the market rarely seen.

We have constantly advocated investments in uranium mining(URA), particularly in friendly jurisdictions such as North America. This support of the nuclear sector (NLR) has often been in the face of formidable attacks by naysayers, using every weapon in their arsenal to denigrate proponents of atomic energy. No other sector in recent memory has had to withstand such a barrage.

Gold’s (GLD) accelerated move to $1900 in the summer of 2011 past overhead resistance indicated the market was waiting for an inflationary QE3.