Commentaries

The weekly shows a well defined inverted H&S. The monthly shows a beautiful consolidation to bleed off the excess down to RSI support, while forming a symmetrical (continuation) triangle. You bullish on stocks? Source: http://biiwii.blogspot.com/2010/06/gsr-monthly.html

A week after the EUR posted the biggest short covering rally in history, expunging every single weak hand after a move wiped out 44% of all net shorts, the bearish speculative bets on the EUR are once again rising, according to just released CFTC Commitment of Traders data. After dropping from net -111,945 to just … Continue reading

Last week I offered some analysis using the True Strength Index indicator on the daily and hourly charts of GLD, GDX and GDXJ.  This week I would like to offer what I believe to be a realistic look at what could be headed our way in the upcoming month of July.  The GLD, GDX and … Continue reading

Major mining indexes appear to be approaching a major breakout point fueled by the sweeping overhaul and takeover of banks.  Banks have been under pressure from a continuing recession, high unemployment, a weak housing market and now more government oversight and audits. This does not help a recovery process for housing or financials.  These are … Continue reading

I believe we have recently added a much-needed element that will lead to much higher gold prices- boredom. General gold sentiment amidst near-record prices is muted and reminiscent of sentiment last fall when we broke out to new highs, backtested the breakout, then rocket launched for 3 straight months. It was the type of move that … Continue reading

Focus on the real sentiment indicators…

We contrarians cringe when sentiment gets too frothy, gold is pumped on CNBC and a respectable titan of the conventional investment world speaks of gold as an “asset class”. We cringe, but also realize that at some point in the process, the public is gonna go all-in. At least that’s the script that is usually … Continue reading

There comes a point in time when reality sets in en masse and people awaken from their self-imposed slumber. The ongoing destruction in our economy is not something people want to believe, but it is something people regrettably have to face. President Obama too was granted the benefit of the doubt until it became impossible … Continue reading

Check out this chart from the Aden Sisters….

Source: Brian Sylvester of The Gold Report 6/23/10 http://www.theaureport.com/cs/user/print/na/6611 In the last decade, Gold Stock Analyst Editor John Doody has seen his top-listed equities skyrocket a combined 1,000%, including an eye-popping 130% in 2009. John’s tried and true methods have little to do with luck; this student of the gold business rarely fails to find … Continue reading