Commentaries

Globalization is bringing everything just a little closer to home….

  This essay is based on the Premium Update posted on November 12th, 2010 Now it’s official! The yellow metal has gotten the golden seal of approval. This week none other than the President of the World Bank said leading economies should consider readopting a modified global gold standard to guide currency movements. Writing in … Continue reading

…both ways.  Silver around 25 and SLV around 24 would be my personal tolerance levels.  Below there and I may want to cry for mama.  Until then, I am a big boy. Source: SLV leading overbought PMs

Housing – Zillow was out with a report today in which – well, I’ll let the headline from the Housing Wire speak for itself: Home price depreciation to worsen market into 2011 Zillow’s catalyst for this is higher foreclosure liquidations based on current delinquencies and the high degree negative equity embedded across home ownership. They forecast a … Continue reading

AKA more speculative leader vs. more stodgy laggard.  It matters not what triggered the correction… this condition had to be rectified in order to get back to healthy dynamics. Source: GDXJ-GDX Ratio

Excerpted from the November 7th edition of Notes From the Rabbit Hole: Precious Metals – Wild Man, Stodgy Old Man & 3 Snowmen Let’s begin with a weekly view of the wild man… silver. I am going to tweak the target to 31.50 from the previously noted 33. Before this target is reached, one can … Continue reading

“Is gold going vertical?”…

Many investors are struggling to understand the ramifications of the recently announced quantitative easing (QE) plan….

Most market participants are aware that precious metals have been on fire rocketing higher only to consolidate briefly, gap higher, and leave slowly reacting traders in the dust. The parabolic moves in gold and silver have many potential connotations, but great traders respect price action as the final arbiter and adapt. Since the financial crisis … Continue reading

1.   The Gold Magician.  He waves his magic wand, and the gold community….awakens.  All you thought was going to happen in 2006 an 2008, is happening now.  Gold bullion pricing over $1200 is the rocket fuel. 2.   Gold stocks are the rocket and the question is: Are you ready to ride? There are no missed prices, only those creating market fantasies for themselves, … Continue reading