Commentaries

Source: BIIWII If you are a speculator, the extreme situations currently in play in the broad stock market (95% of the way to a potential ‘triple top’ scenario price-wise, and 80+% of the way time-wise) and the gold market (impulsive price drops amid growing concerns that the bull is dead despite rising money supply data) … Continue reading

We have been witnessing the abnormal situation in the intermarket correlations for quite some time now, i.e. positive correlation between dollar and gold and silver (or virtually no correlation at all) , and negative one between the general stock market and precious metals sector.

For the past several weeks, everywhere I looked all I could find was bullish articles.

On 20 March George Osborne, the UK’s Chancellor, will present his budget.

This week considerable instability developed in currency markets

“If you can keep your head when all about you
Are losing theirs and blaming it on you…And—you’ll be a Man, my son! ”
If by Rudyard Kipling

The World Gold Council published a report last week that raises a few important questions and quite a few eyebrows, so let’s examine it.

Governments have refused to accept the necessity of a period of economic re-adjustment following the credit-bubble. The bubble burst about five years ago and economic progress has been effectively suspended ever since. The consequences of this refusal to accept reality are at a minimum to make this adjustment unnecessarily drawn out and needlessly painful, … Continue reading

This week price moves in the gold market could certainly give investors the creeps.

Last Friday night (European time, 8 February) the Bank Participation Report for 5 February was released. This showed that US banks reduced their net short gold position by 12,886 contracts over the month of January, while non-US banks increased theirs by 2,887 contracts. This is evidence that the US banking community is aggressively closing its … Continue reading