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1. $1424 or $1315? Which price does gold touch first? Gold is leaping higher this morning, up $9 to approx. $1375. 2. My unchanged view has been that gold takes out 1424 first, and I bought into the lows at 1315, all the way down in a pyramid formation of buys. 3. The reason I … Continue reading
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As much as I do enjoy some time off there’s nothing like getting back to work either, since it’s something I love to do. So over the weekend I got into one of my favourite books, and ran over some historical charts which highlighted one of my favourite patterns. I figured I should share a … Continue reading
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This analysis seeks to update the global sovereign risk of bankruptcy following the developments of the past 9 months that have seen governments and economic policies change, economic austerity plans implemented or failure to implement, as well as the bailout of two Eurozone member countries with first Greece in May and now Ireland’s Euro 85 … Continue reading
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In the past week I’ve seen more than a few mentions of the potential head and shoulders pattern in Gold. A head and shoulders pattern occurs when a market forms three peaks and the middle peak is noticeably higher than the left and right peaks. However, that is not enough for the pattern to play … Continue reading
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Last week we had typical pre-holiday light volume trading going into US Thanksgiving. The previous week I warned every one to trade with extreme caution because of the light volume and the fact that the market is on the verge of a sizable drop for both stocks and commodities. Any price action could not be … Continue reading
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Weekly Review…
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Gold Bullion. 6 Month Price Chart Super Force Gold Bullion Analysis: Gold has a Super Force Buy Signal as of Friday Nov. 12th on SGOL at $135.41 and $131.70 is also a buy. Sell at $141.73. Bullion equivalent buy price: $1354. Nov. 12 Bullion sell price: $1417. Bullion buy price: $1317. I see Gold going … Continue reading
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The global banking system that publicly went bankrupt during September 2008 prompting government interventions in the form of capital injections, buying of toxic assets, insurance of bad debts and even outright nationalisation’s has started to bankrupt the states that bailed them out, starting with the smaller states with Iceland setting the ball rolling, and this … Continue reading
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Quoting the Market Watch piece: Fortunately for the gold market, the HGNSI is not at overheated levels right now. It currently stands at just 40.3%, which means that the average gold timer is allocating 60% of his gold portfolio to cash. That’s amazing, given that gold bullion is back to within shouting distance of its … Continue reading
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Evidently at one point it was Casey, then RevShark @ TSDC. Now? All I know is that this one is a core holding of mine, but things are much different than in the quaint old days when it was not only under the radar, but buried 6 feet under. One look at the yahoo! message … Continue reading
