This is one of those times that we have inveighed about so often. It is a typical “COM” week where markets are designed to confuse, obfuscate and misdirect the players. All thirty DOW stocks and commodities were down as Europe and Bernanke disappointed the markets with what they did not do.
The markets have spoken in response to the failure of the Super-committee to reduce spending in Washington with a major decline. This is less than a stellar review for currently elected officials going into the 2012 election. At this point, the marketplace is saying that the “Emperor’s Have No Clothes”. The word emperor is … Continue reading “Time For U.S. To Focus On Mining”
Bullets are flying in what has become the new warfare. In the old days wars were fought with Pearl Harbor surprises and outright takeovers of territorial assets
Germany (EWG) has taken the path away from nuclear following Fukushima by shutting down their reactors and importing natural gas from Russia (RSX) and nuclear energy from France(EWQ).
We have alerted our subscribers on many occasions during the past two years that global credit downgrades of sovereign nations were inevitable. It does not take a prophet to have foreseen the turbulence in the global marketplace that we have witnessed since the expiration of QE2. Standard and Poor’s cut the rating one level from AAA to AA+. This action sent shockwaves reverberating throughout the financial world as irrational investors sought U.S. treasuries for liquidity.
Stock markets are tumbling from Japan to Wall Street. Already shaky Spanish and Italian financial instruments are quaking in their fancy boots as Greece does not make the cuts needed to be able to receive financial assistance
There has been short term profit taking in gold over the past few weeks as investors return to an oversold equity market. Make no mistake such a development is temporary and healthy as GST believes gold prices will make it back to the $1900+ area.
There is a fast growing crisis to modern industrial nations posed by China’s draconian and monopolistic maneuvers in the implementation of a quota system.
Recently two mining giants – Goldcorp(GG) and Barrick Gold (ABX) — published their bullish earnings reports showing increasing margins due to a rising gold price. Here is a perfect example of a report that’s trying to tell us something. The hidden message in these glowing statements is of great significance to gold traders. What is the other side … Continue reading “Major Miners Acquiring Undervalued Juniors In 2012”
The action in the precious metals raises speculations of interest to Gold Stock Trades subscribers especially in the labyrinth created by a fear driven market. Gold at this time is participating in a runaway move past resistance. Although gold has reached new record highs it may be stalling in its attempt to continue moving … Continue reading “Gold Bullion Extended, Miners Just Beginning Potential Breakout”