Commentaries

Gold prices have rebounded substantially, on the heels of solid consumer confidence which has driven investors back into precious metals.

Excerpted from this week’s edition of Notes From the Rabbit Hole, NFTRH 235: Is Gold as an Investment Finished? Before delving deeper into that question, perhaps we should see what the mainstream media thinks.  In fairness to the MSM, we note there are plenty of articles on both sides of the debate.  Yet there has been … Continue reading

A week ago I wrote about a potential rebound after capitulation and panic selling in precious metals and the miners.

The gold bull is in a deep correction phase, the first in the 1999 to 2013 bull to date.

On Friday we witnessed a great plunge in gold (almost $80 – from $1560.30 to $1480.50) and silver (almost $1.7 – from $27.58 to $25.89) and we are seeing even lower prices this week.

The ability of a business to maintain accurate and meaningful accounts is undermined by the debasement of the accounting medium, fiat currency.

The last week has been a fright fest for the gold “community”.  But these are the financial markets, not a community.  There is a world outside of what ever is going on in gold and silver.  A macro economic backdrop filled with entwined and correlated assets and markets all trying to form a message when … Continue reading

“The main purpose of the stock market is to make fools of as many men as possible.”
Bernard Baruch

There’s been a recent huge draw down of physical gold at the New York COMEX and at the JP Morgan Chase depository.

This week we saw some interesting developments on the financial markets, mainly in the general stock market – S&P 500 has finally reached (and surpassed) the long-awaited 2007 high level and other more specific stock-market sectors have not been idle as well.