Commentaries

Over the past couple months everyone seems to have been preparing for a sharp market correction. Crazy part is that the SP500 dropped about 10% from the high and that is a typical bull market correction. The thing is… the stock market has a way of slowly unfolding making it look and feel minor, then before you know it, the correction is over and it’s back to an uptrend.

Martin Armstrong, considered to be one of the best – if not the best – market prognosticator in history, had maintained until recently that the price of gold would correct sideways to down into the next bottom of his Economic Confidence Model into June 13, 2011.

Then there is this sad picture.  Any wonder why they are managing expectations? There may be one or two dollar bulls out there.  Usually I am one of them at times like this that are ripe for some contrary action, but I can’t make that claim based on this chart and based on the untenable … Continue reading

As an investor, sometimes the best action you can take is no action. Jason Hamlin of the Gold Stock Bull newsletter didn’t start snapping up stocks on news of disaster in Japan and military attacks in Libya. In this exclusive interview with The Gold Report, Jason tells why he’s holding his ground, how macro issues spanning the globe could push precious metal prices and a few of his top stock picks.

And in the process has likely perpetrated and enabled the continuation of the biggest fraud in the financial markets.  By now everyone knows about the absurd imbalance between JPM’s short position in the silver futures market and the availability of physical silver at the Comex/SLV.  To review, JPM’s short position is several multiples of the amount … Continue reading

There are so many news items affecting precious metals, especially gold, these days. The precious metals glittered in their roles as havens as euro-zone debt worries resurfaced increasing the anxiety among market participants already jittery about $106 oil, the fighting in Libya, protestors killed in Syria and the nuclear crisis in Japan.

The economic news out there still isn’t great, but the stock market doesn’t seem to care. Equity investors seem only worried about first-quarter earnings and the outlook for the numbers remains very bright.

The US government has been running some of the largest deficits in history. You have seen price decline to 76 on the DXY, a 52 week low. The dollar is headed much lower.

Weekly Gold Review

Gold, following historical precedence, is leading. Gold led the gold shares until 2010 breakout. The gold shares, despite the constant wall of worry, have played an impressive game of catch since 2009. Gold is currently probing the upper trading channel (green circle). This is an explosive setup for both gold and gold shares. Yet, most … Continue reading