Commentaries

Briefly: In our opinion short speculative positions in silver (half) and mining stocks
(full) are justified from the risk/reward perspective.

This week gold fell from a high of $1390, achieved late on Sunday night European time, to a low of $1322 last night before rallying $15 on London’s opening this morning.

There is a fascinating story from Robert Peston, the BBC’s business editor about his interview with Hank Paulson, who was the US treasury secretary at the time of the Lehman crisis.

Briefly: In our opinion short speculative positions in silver (half) and mining stocks (full) are justified from the risk/reward perspective.

Rick Rule of Sprott US Holdings believes the resources bull market is about 18 months from arriving….

Can the gold price be fundamentally related to some other economic variables?

Last Monday gold ended a week-long consolidation that saw it fall from $1354 to $1329, before rising strongly to over $1370 yesterday

Precious metals boosters will see gold’s nominal price break upward and probably get excited.  They will marshal the troops for what could one day turn out to be a full fledged tout, as if the 40% decline of the last 2.5 years had never happened. But it is gold’s ratios to positively correlated assets that … Continue reading

Briefly: In our opinion short speculative positions (half) in silver and mining stocks are justified from the risk/reward perspective.

Bear markets can be devious creatures.

We previously emphasized that the situation in Ukraine was the main bullish factor for higher precious metals prices (mainly for the price of gold) and that remains to be the case.

An interesting aspect of the gold market is that most analysis is off track, with the reasons put forward for being bullish generally being further off-track than the reasons put forward for being bearish.