Commentaries

There is no doubt in my mind we will eventually have a currency crisis in America. While all swaths of America will be affected, select groups will bear a greater burden. In my opinion, the burden will fall most heavily on Baby Boomers. The result of currency devaluations can be boiled down prosaically: savers get … Continue reading

This week’s CFTC report indicates that commercial shorts on the CFTC, both gross and net (excluding commercial longs) have hit another fresh all time record, at -482k and -290k. Should the ongoing asset liquidation squeeze forcing gold prices to decline, fizzle out, and should gold prices resume their trajectory higher, the only question will be … Continue reading

Gold is in a long term bull market.  As such, all sell-offs, price pullbacks, secular price corrections and overt, illegal manipulative price attacks, like Thursday’s, are to be bought – aggressively.  Feel free to take profits on part of your positions on big price rallies only if you have mining shares or paper surrogates (GLD, … Continue reading

Weekly Review…

Yesterday was one of those days in the gold space that is a nightmare to many gold investors, but an absolute dream to investors like me. These are the days when the price action in gold resembles a cliff dive. Stop after stop gets hit as shorts press the issue and force overleveraged investors out … Continue reading

MiningMarketWatch.net recently sent an update on Metanor Resources, which is one of my top penny mining stock picks. Metanor has exceptional management, great upside potential, and is a gold producer. Cash cost per ounce should be around $US 500 per ounce. I don’t of too many new gold producers you can buy today with a … Continue reading

Economic rebound? Not with 22% unemployment. Banking reform legislation? Loaded with pork. Bankrupt nations? Rock-solid, lead-pipe cinch. “We need to start all over,” says the inimitable Bob Moriarty in this exclusive Gold Report interview. “And in the end, we will.” Meanwhile, he’s keeping an eye out for the few-and-far-between juniors that manage to get things exactly right….

  This essay is based on the Premium Update posted on July 1st, 2010 At times daily volatility can cause one to lose the big picture from sight – focusing on trees is ok as far as one doesn’t forget about the whole forest. This universal approach can be applied today since we have just … Continue reading

The long-term story for a gold and a gold mining stocks bull market is clear and easy to grasp: Dubious monetary policy and irresponsible fiscal policy with government debt rising all over the world are a surefire recipe for a surging demand in gold. Toss in stagnant or even declining supply, and you have all … Continue reading

Quick update, since this is obviously going to be a crazy day. The last month or so has been quite volatile for the stock market. One week we’re up 10%, the next week we’re down 10%. This is a market that can’t make up its mind where it wants to go. We are currently very oversold and … Continue reading