….Investors are the most bullish on the dollar since the collapse of Lehman Brothers Holdings Inc. on speculation the U.S. economy will expand at a faster pace than in Europe and Japan, a survey of Bloomberg users showed….

For a variety of reasons I am almost certain our on-going gold bull is nowhere close to Stage Three yet. Gold isn’t going parabolic anytime soon, so if you are planning on retiring in 2010 from this years’ gold gains I suspect you’ll be sorely disappointed…..

My opinion of gold has changed 180 degrees since December. It’s because investor opinion about gold has switched, from remarkably bullish to pretty darn bearish, pretty quickly. Let me show you what I mean……

This chart of the 10-Year Yield shows an imminent breakout. Everything is bullish here. It is a beautiful reverse head and shoulders pattern and the price action is bullish in all time frames….

Courtesy of the Big Picture Blog (Barry Ritholz), is a thoughtful piece by Paul Brodsky, concerning the empty rhetoric from some Gold bears….”It’s a crowded trade.” I have been harping about this for quite a while…..

I don’t even know why we are having this conversation. It is beyond ridiculous. Gold went up 25 times in the 70s. In the last 10 years it is up nearly 5 times. Quite the bubble if you compare that to the Nasdaq, Housing, and even Oil, which was up nearly 15 times from 1998 … Continue reading “Another Sign that Gold isn’t a Bubble”

Notice the financial media spewing garbage about the PIGS in Europe bringing down the house. Watch as the news turns back to the problems in the U.S……

By Jordan Roy-Byrne, CMT Needless to say, Thursday was nothing short of an orgasmic day for Gold bears and Dollar bulls. The precious metals complex crumbled along with the Euro, while the greenback was higher. In fact, it was such a bad day that Gold officially lost its safe-haven status, according to CNBC[1]. This was … Continue reading “A Stern Reality Check for Gold Naysayers”

he HGNSI (Hulbert Gold Newsletter Sentiment Index), which tracks the……

We’ve already mentioned the breakdown in the Commitment of Traders (COT) data. The commercials (also known as the professionals) are record short the greenback as their speculator counterparts are very bullish. The last three times we saw this picture produced three important peaks in the greenback. Two peaks occurred right away while the third took … Continue reading “Is the US$ now a “Crowded Trade”?”