Commentaries

1.   For the past 6 months or so, I’ve tried to show the gold community the blood-relative link between GOLD and FOOD.  Here’s the wheat chart.  It’s been a cornucopia of profits for those who bought into the lows.  Wheat Daily Chart July 6 2.   I’m talking about the markets, not the survival pouches of … Continue reading

From UBS on Friday:  “Physical demand picked up Friday in the wake of gold’s test below $1200, with our sales to India the largest recorded since early January.” Tulving and Company – one of the largest coin dealers in the country – announced on its website that it had its busiest day ever last Thursday. … Continue reading

We are dealing with a very volatile market; it’s hard to trade with conviction either on the long or short side. That being said, I am leaning bullish. This is the type of “emotional” market….

Its mid afternoon Tuesday and the markets are selling off – still.  It seems like it will never end.  Big red candles on every chart I look.  The VIX, the temperature gauge of fear, is rising again and the news headlines are filled with gut wrenching uncertainties about US Municipals, foreign countries that are characterized … Continue reading

Tell this to a baby boomer or a middle aged person and they would be quite skeptical. Their neighborhood financial advisor or planner doesn’t advocate Gold. It is too dangerous. It could drop to $500. Gold stocks? Hell no! After failing to get you out of stocks not once but twice in the last ten … Continue reading

…or a massive cut-back in essential public services and widespread hunger: Illinois Stops Paying Its Bills, but Can’t Stop Digging Hole “For the last few years, California stood more or less unchallenged as a symbol of the fiscal collapse of states during the recession. Now Illinois has shouldered to the fore, as its dysfunctional political … Continue reading

Another day, another $15 gold takedown in a manner of seconds. Liquidations or LBMA intervention, nobody cares anymore. Presumably the agenda of the day is to make investors believe that all is well in Europe, and that among all the upcoming stress test results announcements, the “fact” that a single bank will not be in … Continue reading

Late Friday,  the Federal Review Panel came out with a recommendation that will be forwarded to the Prime Minister and his cabinet assessing the environmental impact of the mine.  The Federal Review Panel did not weigh in the economic affects of this project.  They made environmental recommendations for Taseko to take if the mine is … Continue reading

When will the states need to be bailed out?

By one historically accurate contrary sentiment metric, the gold market is poised to stage a surprising move higher soon.  From the Hulbert Gold Sentiment Newsletter Index: over the three decades I’ve been tracking investment newsletters, the gold market has — on average — adhered to the contrarian pattern. That is, bullion has turned in far … Continue reading