Commentaries

Dennis Gartman was on CNBC yesterday explaining with his unique brand of arrogant stupidity that the trend in gold has changed (to down). Contrary to DG’s ignorance, I’ve been telling colleagues that the current period of time is strikingly similar to the period from July/Aug 2005 to May 2006, when gold staged a 35% move … Continue reading

In fact, is that another little Cup (complete with higher right side rim) and handle? Source: http://biiwii.blogspot.com/

The much-hyped economic recovery has suddenly disappeared into thin air as economists and mainstream analysts are left scratching their heads in bewilderment. But since the herd couldn’t see the biggest collapse in 75 years coming, what makes you think they can recognize a double dip before it develops? 2nd quarter revenue misses from stalwarts like JP … Continue reading

Quickly transitioning from archetypal American rock culture to the subject at hand, we look at the gold market and find all the familiar forces arrayed in their various familiar battle stances, with a few bullish wrinkles this time around. Goldbug captains call on their troops to keep a stiff upper lip, even as many quiver … Continue reading

The GSR maintains the post-consolidation bottom pattern by weekly chart. AROON trend has turned down (as has the daily) and MACD is waffling, but in positive territory. The support/resistance lines on the RSI should break this thing one way or the other. And if it’s up, the deflationists will be pretty happy for a while. … Continue reading

The July silver open interest increased by 31 contracts on Friday. Those people wouldn’t be buying unless they intended to take delivery AND they couldn’t buy unless their account was funded for the amount needed to take delivery. I don’t scrutinize the o/i like this every month, but I have never noticed open interest increasing in … Continue reading

With total cumulative purchases at just over €60 billion since the beginning of its sovereign debt monetization program in May, the ECB purchased just €302 million in (Greek 6 Month) debt last week. As always, tomorrow will see the pyramid scheme of taking the purchases and reliquifying the market in yet another weekly term deposit … Continue reading

With the inviting California surf a stone’s throw from his office, Global Resource Investments Founder and CEO Rick Rule is always generous in sharing his wit and wisdom. In this Gold Report exclusive based on his Friday webcast, he covers a lot of territory and provides….

Last night we issued a small update which focused on near-term (summer) technical targets for Gold, Silver and the HUI. These are targets we consider highly probable. We also mentioned two new gold juniors that re very promising. Plenty more on this is coming in our next update. Click Here to Try Our Premium Service, … Continue reading

The esteemed newsletter editor’s latest comment on Gold…..