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Great Jim Rogers Interview

They discuss Gold at the 21-22 minute mark. Jim Rogers points out that at a recent talk in Prague, 74% of the attendees (big money managers) NEVER OWNED GOLD!

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Pre-Market Metals Report

The Commitment of Traders data shows that the speculators hold the majority of long positions. Hence, any weakness could…..

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Weekly Market Summary

For a long time, we expected major support for the U.S. Dollar Index around 74, and the dollar turned up almost precisely from that crucial level. Our likely target has been the 77.69-82.07 area, and the dollar is now pushing up against the bottom of that range. A top could be seen anywhere in that range, and only a weekly close near 83 or better would make us expect a much larger, longer-lasting rally to unfold.

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Choppy SP500, Gold Stock Meltdown and Dollar Strengthens

The HUI (Gold Stock Index) has been on fire the past 10 months. Both gold and gold stocks have been leading the market higher. But the past month we have seen gold stocks under perform the SP500 and as of today are testing a key support level. Only time will tell if it bounces or breaks, so keep a close eye on your positions.

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Aussie Gold Sector Shines Bright

The gold price is currently consolidating around the US$1100 – $1150 level. The pattern developing is larger than the September 07 to March 08 rally which was larger then the August 05 to May 06 rally. This is quite normal…….

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Gold Thoughts

Gold may be the only defense for wealth subject to bad economic policies enacted to remedy the previous errors.

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