Commentaries

“Sell Gold, Buy Oil: The Numbers Are Clear” Oh Really? A website called Chart Facts has an article on SeekingAlpha called Sell Gold, Buy Oil: The Numbers Are Clear. While attempting to restrain some of the sarcastic tone I sometimes exhibit, I would like to critique this article point for point. “Gold has witnessed a … Continue reading

Paper Gold went on a deeper discount today, so I bought more. I also partially covered stock market shorts today near the lows. Man, those triple levered ETFs can make or lose you a lot of money on their own – add in options and its like playing with napalm! If paper Gold goes lower … Continue reading

As I’ve mentioned repeatedly in the past, gold is perhaps the most misunderstood asset in the world. Try to explain to people the true nature of gold and expect to be greeted with petulant disdain. It took more than a little arm twisting for me to convince people that gold is a currency and not a … Continue reading

Here’s the chart for the poor man’s gold, which is silver. I’m sure all the silver investors are disgusted on how the price of silver is reacting this week. It was at 19.80 last week and it was only 20 cents away from breaking the second hurdle at 20 dollars. When this week started, Hell … Continue reading

It has been an interesting week in the market as stocks and commodities push to extreme support levels. Below I have posted some charts showing where the market is currently trading at and what I think is likely to unfold. Gold Futures – 4 Hour Candle Stick Chart The price of Gold is testing a … Continue reading

Source: Karen Roche of The Gold Report 5/19/10 http://www.theaureport.com/pub/na/6324 One of the first things mainstream journalists in Western media learn is how to tease angles out of stories that play on fear, scandal and disaster. Good news is no news. Bad news sells. If it bleeds, it leads. As historian, political writer and Guardian columnist … Continue reading

Recently, I had written about how a deflationary impulse in the capital markets would be a catalyst for the gold stocks. This turned out to be accurate as stocks and commodities weakened while treasuries and the US Dollar advanced. Gold and gold stocks also moved higher. Nevermind the comments I received about how we are … Continue reading

Boredom is starting to slowly reappear in the gold market as multiple attempts to penetrate $1250 on the upside were thwarted. Investor sentiment was bound to come back down to earth, and this correction is doing just that. With precious metals stocks down 10% from their recent peak, latecomers to the party are starting to get nervous. This … Continue reading

Back in the third week of April I predicted here on Kitco.com a topping in the broader market indices.    The theory was the VIX levels were extremely and historically too low concomitant with extremely high historical readings in investor bullish sentiment gauges.  After thirteen Fibonacci months of a bull cycle rally, it was likely an … Continue reading

Source: Brian Sylvester and Karen Roche of The Gold Report 5/17/10 http://www.theaureport.com/pub/na/6312 When The Gold Report last interviewed Laurentian Securities Analyst Eric Lemieux, he talked about his favorite explorers, especially in the James Bay area, with its exploration plays and favorable geological, geographic and social fundamentals. Eric is back with more on Canada’s junior gold … Continue reading