Neil Charnock

Isn’t the world an interesting place at present! When the historians look back and decide what to write on the history for this time period they might as well use the heading “it seemed like a good idea at the time”.

Greece Exposes Future & Opportunity By Neil Charnock goldoz.com.au We are looking at a high probability of a rally in the gold price in the coming weeks which will spur gold stocks into upward motion yet again. This is suggested due to fundamental and technical reasons. Inflation (of the money supply), increasing demand and coming … Continue reading

The XGD has formed a powerful buy signal indicating that the way forward is up again for the Australian gold sector……

Gold is still that powerful. The global crisis is not going away and neither is this Bull Market for gold and the gold stocks. A gold mania lies ahead but not for several years which is great news for all of us. We want a steady tradeable series of up-legs to profit from…..

This is all good for gold as fear increases gold will come back faster than everything else all over again. Uncertainty over exchange rates and currency gyrations will drive investors back to gold in droves….

The Reserve Bank just decided to hold rates at 3.75% here in Australia today which is great for our gold sector. The AUD gold price is up $10 to $1252 on a 1c drop in the AUD. My view yesterday on where our gold sector is set out below – this is an update paragraph to bring this article into current time.

The gold price is currently consolidating around the US$1100 – $1150 level. The pattern developing is larger than the September 07 to March 08 rally which was larger then the August 05 to May 06 rally. This is quite normal…….

Currency Crisis Will Drive Gold By Neil Charnock goldoz.com.au We have a really big flightless bird Down Under called the Emu.  I will not draw absolute parallels between the European Monetary Union (EMU) and the Emu, even in jest, however the Euro looks like it will appear flightless at best this year.  Perhaps the myth … Continue reading

This year will initially see a continuation of the trends established in 2009. I understand that this seems like a bland statement. The stock market reads future trends and outcomes at times and has factored (government sponsored) growth this year. Thanks to the vast overflow and after effect of the stimulus capital flows this will come to pass initially and therefore I consider that the highest probability is that the stock market rally will continue in the first half.

Time to back up the truck with gold stocks.

Have Violin Must Fiddle By Neil Charnock goldoz.com.au Interest rates are up again here in Australia as the RBA hikes our prime rate by 0.25% to 3.75%. One bank has already come out with a 0.45% hit on mortgage borrowers of nearly double that figure. The Federal Treasurer stated that the banks have no justification … Continue reading

Next Station Approaches By Neil Charnock goldoz.com.au The train left the station with gold stock prices on board as we predicted months ago but fear not if you are not already aboard as there are always “stops” (read that as “dips”) along the way. These dips should be bought because the rally is running along … Continue reading