Commentaries

No surprise: the projected deficit just went up by another half a trillion: “For 2011, the Congressional Budget Office (CBO) projects that if current laws remain unchanged, the federal budget will show a deficit of close to $1.5 trillion, or 9.8 percent of GDP.” This is up from $1.07 trillion: a very small margin of … Continue reading

With the markets not having experienced a correction for some time and the Fed due to release a statement tomorrow, it is prudent to review some big picture issues.

With gold prices showing no signs of a breakout in 2011 so far, many investors have started unwinding long positions in anticipation of no further upside. The situation warrants a close scrutiny of the state of affairs.

Gold begins a new week up a touch from where it ended last week. The spot price as we write is $1,348. Silver is off a few pennies, to $27.45.

If pressed to make one buy recommendation (other than farm land and/or distressed real estate), I would still pick gold. Make no mistake; all the price of gold needs to do is stay about the same and 99% of gold miners will be making money hand over fist.

There you sit. In Happy Land. You lean back in your armchair, with your golden friends. You sip a glass of wine and puff on a high quality cigar, toasting the good times for gold. You raise a glass for a number of recent new highs for many junior gold stocks.

As a general rule, the most successful man in life is the man who has the best information

If pressed to make one buy recommendation (other than farm land and/or distressed real estate), I would still pick gold.

In our previous free essay we’ve mentioned that mining stocks are at a particularly important crossroad, and whichever they decide to move is likely to determine the way for the underlying metals as well. In the following article we will put another factor into the equation – the general stock market.

The Dollar decline on soft volume over the past few days has given me a buy signal. I use our US dollar signals to play the dollar, and to coordinate your Gold and Gold Stock purchases.