Commentaries

I was chatting on the phone earlier this weekend with one of my readers about the shocking drop in the price of gold earlier this past week. We agreed that the mini-crash seemed to be the result of a well coordinated effort by some powerful bullion banks who, incidentally, are notorious for shorting gold.

Weekly Review

This past week we saw gold have its biggest two-day drop since February of last year ending the third longest streak of trading above its 50-day that the yellow metal has had since 2000.

A couple years ago, I shared two shocking silver charts with DailyWealth readers…..

http://www.biiwii.blogspot.com Large speculators liked gold less on Tuesday.  Bet they like it even less now. GOLD – COMMODITY EXCHANGE INC. Code-088691 FUTURES ONLY POSITIONS AS OF 01/04/11 | ————————————————————–| NONREPORTABLE NON-COMMERCIAL | COMMERCIAL | TOTAL | POSITIONS ————————–|—————–|—————–|—————– LONG | SHORT |SPREADS | LONG | SHORT | LONG | SHORT | LONG | SHORT ——————————————————————————– … Continue reading

Remember last year, when I kept wanting the markets to stop lumping the risk assets together and get back to the fundamentals of each risk asset….

With the holiday season in the rear view mirror and volume slowly creeping back into the marketplace, I can’t help but wonder what lies ahead.

I told you week ago, “A stronger dollar into the first few weeks of the New Year will allow a correction in GOLD.”

In recent articles and forecast updates for my subscribers, I have been preparing them for a top in Precious Metals and US Markets around Mid January. We may have already seen the intermediate top in Gold and Silver recently, and the SP 500 and US markets are not far behind.

After a rocky start to 2011, it looks like I might finally get my opportunity to buy more gold investments…and it could happen today.