I’m glad to see some more gold analysts speaking about gold revaluation. Unfortunately, most of them speak of revaluation as a solution to the crisis. That idea qualifies as… error of the century.
Gold bullion beat the dollar to a pulp, again, last night! The price chart looks like the entire New York Yankees baseball team took gold baseball bats to a dollar bug terrorist in the interrogation room!
The building blocks of a gold price parabola are slowly being put into place. Today, I want to show you how the stock market plays into the parabola. Both the Dow industrials and the transports have both lost upwards momentum and are on the cusp of crash season (the months of September and October).
You have just watched the “gold punisher” administer an incredible eleven day beating on the US dollar. From about $1478 to $1610, gold has now risen 11 days in a row.
I told you that the head of the US Treasury, (currently Tim “The Terminator” Geithner) would begin to show his teeth, and eventually replace Ben Bernanke as star of the accelerating crisis show.
If you are a gold market investor, click this link now to view the world’s most important gold market chart.
1. The smartest millionaires of 1913 watched the Federal Reserve being formed with great interest. They sold a million paper dollars and received 50,000 ounces of gold. 2. Today’s paperbug millionaire of 2011 barely knows what the Fed is, let alone what an ounce of gold is. If he sells his million US dollars today … Continue reading
Most investors get involved in the market to book profits on trades and to build wealth on core positions. A focus on both cash and physical gold is the best way to achieve your goal.
There is no top in gold, and silver is not “overvalued”. Most investors are either bored or demoralized, having watched gold do little since October. Gold stocks have fared worse.
The Silver Train. Are you onboard? Just about six weeks ago, at the January highs for Silver, the average daily movement for Silver was about 50 cents a day. What is it now? It’s 50 cents an hour.