Commentaries

Charts speak more eloquently than I can and they speak a brutal truth. Perhaps it is my scientific background or perhaps I appreciate the art that can be found in price charts. In either case, I prefer the message of charts to CNBC blowhards and other so-called experts. Anyone who currently has excess savings they … Continue reading

For many months now I’ve been warning we were going to have a dollar crisis and that dollar crisis would drive the final leg up in gold’s ongoing two year C-wave advance. We are now on the verge of the panic selling stage of this three year cycle.

With silver surpassing $46 dollars this morning, I believe it is time to take a step back and reevaluate this remarkable run. About a week ago, I wrote that silver’s rise has come too far and too fast. I stated that I would lean bearish if silver made a spike move to new highs. … Continue reading

While the recent moves in gold and silvers have been impressive, they remain well within historical norms of an accelerating trend. Silver, London P.M. Fixed (Silver) and Z Scores from Primary Trend Gold, London P.M. Fixed (Gold) and Z Scores from Primary Trend When coffee houses are filled with discussions of gold, silver, hidden gold … Continue reading

Gold has finally breached the psychological $1,500 level, and as far as I can tell, the hoopla surrounding this milestone is rather muted compared to what we saw at $1,000. We will probably need to hit $1,600 before gold becomes the talk of the town again. As it stands, this is still somewhat of … Continue reading

The slogan “the trend is your friend” was created for a reason. People tend to agree more often than disagree with their friends. Aligning yourself with the long term trend means you are choosing to agree with the wisdom of the market. Good friends typically help each other out too, and when you trade with the trend you let the market help you choose the correct direction to align your long term investments with.

Gold market witnessed a bumpy roller coaster ride during the week. An interesting thing to observe was the reasons that economic commentators gave for price fluctuations. On Tuesday gold for June delivery lost $14.50 to settle at $1,453.60 an ounce at the Comex division of the New York Mercantile Exchange. The gold price has traded as high as $1,468.50 and as low as $1,445 while the spot gold price was shedding more than $11.

Market Update

Before moving on to the timing-related part of this essay (in fact a continuation of our previous essay Breakouts in Gold and Silver Prices), let’s take a few moments to focus on the big picture. Namely, we would like to draw your attention to some interesting facts about the main point of our interest – gold.

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.