Commentaries

I think next week will mark a major turning point in the gold market. Depending on whether the dollar continues higher or turns back down we will either see a resumption of the D-Wave decline or this will just turn into a normal run-of-the-mill intermediate degree correction followed by another leg up in this 2 1/2 year C-wave advance.

Weekly Gold Review

There are times when we need to have the courage of our convictions, even when we are losing money in the process. (That’s where the courage part comes in. Like Ernest Hemingway said: “Courage is grace under pressure.”) We are still bullish on the precious metals sector in both short- and long term. Although the whole sector moved lower again early this week, important support levels remained firm. Many of our readers are probably concerned, as it is easy to get emotional at times of uncertainty.

Earlier today, the markets tanked on Europe concerns. Gold & Gold Stocks were not spared.

Recently, investors have suffered an average market decline of 6.5% in the equity portion of their investments, the largest fall since the dark days of October 2008, with $1 trillion of paper wealth evaporating in the process.

Gold and Silver Speculators Have Left the Building by Jordan Roy-Byrne We use a combination of sentiment analysis and technical analysis in market timing which often gets a bad name courtesy of mainstream retail nonsense. The dumb money tries to time the market while the smart money utilizes market timing to weigh risk and reward. … Continue reading

Stock markets are tumbling from Japan to Wall Street. Already shaky Spanish and Italian financial instruments are quaking in their fancy boots as Greece does not make the cuts needed to be able to receive financial assistance

Weekly Gold Review

If you want to know the future, pay attention to the decisions European policymakers will have to make regarding debt, says Scott Gardner, chief investment officer at Verdmont Capital. In an exclusive interview with The Gold Report, he shares his analysis of debt policy investment implications, plus which gold mines Verdmont likes in Latin … Continue reading

Although we had described the fall in precious metals prices, we can understand the shock for those who had gotten used to the idea that gold prices only go in one direction—up.