Commentaries

The longer I invest, the more I understand that there is a certain temperament you need to be profitable. This is not a pure data-driven field- otherwise investment banks with their fancy tools and teams of analysts could actually predict events instead of being overrun by them. You need to feel out markets. You need … Continue reading

The idea is absurd.  In today’s Denver Post, just like everyday, there are two outfits running full page ads asking/begging to buy your gold and silver.  These ads are not cheap to run, which means there are plenty of people out there unloading their bounty.  DEFINITIONALLY, an asset class is in a “bubble” state of … Continue reading

A month ago, Zero Hedge first reported that Bill Gross had taken the stunning decision to bring his Treasury exposure from 12% to 0%: a move which many interpreted as just business, and not personal: after all Pimco had previously telegraphed its disgust with US paper, and was merely mitigating its exposure. This time, … Continue reading

China Central Bank’s recent announcement of a rise in lending and deposit rates caused gold to trade close to US$1,430 on Tuesday, Asian trading time. However, long-term trends in precious metals are UP although the current investor sentiment appears mixed.

Gold and silver stocks around the globe are going to boom in the coming years – a mania in this sector approaches.

By Joel Bowman 04/06/11 Buenos Aires, Argentina – Gold $1,460…Oil $109 (Brent $123)…Dow 12,400… Good Golly…what isn’t going up?! Commodities…equities…monies. They’re all on the march. Yes, you read that right, Fellow Reckoner. Money is going up too. It’s going to the moon…and back. We mean real money, of course…not that flim flam fiat junk … Continue reading

Anyone bother to ask why?  I saw this headline a few minutes ago on cnn.com: “Oil, gold, silver are ‘uncertainty magnets’.”  The is pure b.s.  Oil, gold and silver are “magnets” for all of the paper currency that has been, is being and will be manufactured by global Central Banks and Governments.  If there is “uncertainty” … Continue reading

The media has been happily reporting that the Fed is making itself “more transparent” with the news that Bernanke will now give quarterly press conferences AND that today the Fed releases the names of the banks who borrowed from the discount window during the 2008 banking system collapse.  The quarterly press conference is a bunch of … Continue reading

I was starting to put on my bullish hat on Friday morning when out of the blue an ugly close has forced me to rethink my position.

This article will examine the current up leg in gold price that originated in October 2008, present a study of the Fibonacci relationships of this price movement that are evident both in terms of price and time, and offer a projection of future price movement within the time frame suggested by the evidence.