Featured

By The Mogambo Guru 11/12/10 Tampa, Florida – There are a lot of intricacies in the Federal Reserve’s evil ways, especially as concerns creating $900 billion in the next six months in another round of quantitative easing, and one of them is explained by Daniel R. Amerman of DanielAmerman.com. He says, “There is something else … Continue reading

A great quote from William Osler typifies the evolution of our current monetary system. He said: “The philosophies of one age have become the absurdities of the next, and the foolishness of yesterday has become the wisdom of tomorrow.” Decades and centuries ago, no one would have done without a hard money standard. The founders … Continue reading

Silver has obviously had a very strong run. After breaking out past $19.50/oz, Silver has run all the way to nearly $27 with gains in eight of the past nine weeks. How much further can Silver run? We see some confluence of targets at $32. Note that back in 1980 there was barely any trading … Continue reading

When a market makes a strong vertical type move coming out of a consolidation or correction, odds are a bull flag might follow. A bull flag is essentially a small rectangle or triangle-like consolidation that seperates two very strong moves that tend to be equal in terms of size and duration. Note the chart below: … Continue reading

Since the financial crisis in 2008, it is undeniable that precious metals have been the best performer. One would assume that market participants have been piling into Precious Metals. Certainly some money has moved into the sector, smartly anticipating the continuance of a major bull market and looming severe inflation in the next several years. … Continue reading

Days ago I was watching Peter Schiff on Yahoo Tech Ticker. Normally, I find myself in agreement with Schiff. This time, however I disagreed with his comments on the gold stocks. He was saying to buy GDX because the large-cap stocks were priced for a decline in Gold. He also said the speculative juniors were … Continue reading

In regards to technical analysis, we usually discuss (in our public commentaries) price patterns, intermarket relationships and sentiment. I can’t remember I wrote something about volume. This may be the first. Volume can be interpreted in a number of ways which can make it less reliable in my opinion. However, in today’s commentary we want … Continue reading

GDXJ has measured targets of $36.50 and $39.00. The first target was hit yesterday. Will GDXJ reach $39.00 or will it backtrack to previous resistance at $32.00? In any case, know your plan. If GDXJ snapsback to $32.00 to retest the breakout then that would be an opportune time to add to positions, especially if … Continue reading

Numerous recent busts (technology, banks, internet, oil, stocks, etc) have given rise to the principle of contrarian investing. Contrarians seek to buy when sentiment is bearish or when a market is completely ignored. They seek to sell when a market is overpriced or overvalued. The problem nowadays is that everyone has bubble fatigue. The herd … Continue reading

If you’ve followed our work you know how useful intermarket analysis can be when deciphering future movements and trends in the precious metals complex. Years ago when I would analyze Gold I would only follow Gold. Now I am aware of a wealth of markets that can be analyzed, which can help provide an outlook … Continue reading