Commentaries

Astur Gold is developing its 100% owned Salave Gold Project in Asturias, northern Spain, which is one of the largest undeveloped gold deposits in Western Europe. In November 2012, the Company received government approval to build an underground mine. It is in the final stages of permitting.

We have been writing about a bullish outlook for gold, silver and precious metals mining stocks for quite some time now, even though the seemingly bad situation in these markets.

The monthly figures for the US dollar components of Austrian, or True Money Supply, for February are now in

Cyprus lawmakers this week rejected a controversial euro bailout package, which would have set a dangerous precedent by taxing ordinary bank depositors to pay part of the bill.

As the Cyprus drama and other macro events play out and distort normal macro economic signals to varying degrees in the short-term, let’s review the ‘real price’ of counter-cyclical gold vs. the cyclical industrial metals: Au-GYX Ratio, daily chart Au-GYX bottomed hard in February, MACD sported a positive divergence and now the ratio has turned … Continue reading

The gold naysayers are still out there in droves, other than Lady Gaga who is ensconced after surgery in a custom-designed, 24-carat gold plated wheel chair.

The Fed continues to pump aggressively

Many of us are aware of Professor Laurence Kotlikoff of Boston University’s calculation that the net present value of the US Government’s future liabilities rose by $11 trillion in fiscal 2012 to $222 trillion.

Recent developments on the currency market may worry some gold and silver investors, as dollar refused to move lower at the cyclical turning point, an issue which we touched upon in our last essay, and euro seems to have broken below its medium-term rising support line.

GOLD dropped below $1580 per ounce Thursday morning, while gold in Sterling and Euros fell back below £1060 and €1225 an ounce respectively, extending losses from a day earlier that following stronger-than-expected US retail sales data.