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Economic data is coming in mixed today. While initials jobless claims dropped to the lowest level since July 2008, median home prices fell to a 7-year low. With such conflicting data, the question naturally arises: Will the U.S. economy recover, especially without real estate leading the way? To get a glimpse of what awaits us, we should turn to Europe. Ireland … Continue reading
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The past week and a half has been as choppy as it gets for the stocks market. Thankfully the herd mentality (fear & greed) stays the same. Understanding what others think and feel when involved in the market is one of the keys to making money consistently from the market. The crazy looking chart below … Continue reading
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In latter August I penned a forecast for my subscribers to TMTF….
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A substantial debate is emerging around the Gold $1315-1424 zone. Is Sir Gold overbought and due for a big fall? Or do you ride your holdings above 1424 on a new leg higher! 2. I guess if you used the marked to model numbers of the OTC derivatives (OTCDs) for your calculations, you could, maybe, make an argument that … Continue reading
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This essay is based on the Premium Update posted on November 19th, 2010 A recently published paper that studied the stimulus efforts in 44 countries showed some interesting findings. Ethan Ilzetzki of the London School of Economics and Enrique G. Mendoza and Carlos A. Vegh of the University of Maryland argued in their National … Continue reading
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We own gold, like gold, and plan to buy more gold, but the market is telling us to be patient for a while longer in terms of looking for a good risk-reward entry point for GLD (gold ETF). Numerous short-term indicators are still flashing some “be careful” signals. These charts are as of November 23rd … Continue reading
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The Commitment of Traders report (COT) comes out every Friday. The data is as of Tuesday so there is a lag. The COT data provides important data about the construct of the market. It tells important information such as who is holding long positions (commercials or speculators) and the total open interest. The commercials are … Continue reading
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This chart is sourced from Casey Research, Ed Steer’s Gold and Silver Daily. The Russian Central Bank purchased another 600k ozs of gold in October (some is purchased on the open market, some is purchased from internal mining production). I think the message of this chart, combined with China’s demure announcement about accumulating a lot … Continue reading
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A clean break of the 2007-2009 up trend in November would bring the 1998 and 2007 lows into place. The quickness of these tests will likely surprise the herd (the masses). For a further discussion on GSR analysis, please read Gold to Silver Ratio Speaking Loud and Clear. Gold to Silver Ratio (GSR):
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Is the Kriger/Keiser “Short Squeeze JPM to Oblivion” plan working? Judging by the wholesale availability of silver (or lack thereof) the answer is a resound yes. In Coin Updates News we read that “as of today, there are no longer any regular wholesale supplies of the 1 ounce through 100 ounce silver rounds and bars … Continue reading
