HUI

Quick update, since this is obviously going to be a crazy day. The last month or so has been quite volatile for the stock market. One week we’re up 10%, the next week we’re down 10%. This is a market that can’t make up its mind where it wants to go. We are currently very oversold and … Continue reading

1. “We are scary, scary owners of euros,” – John Taylor, lead manager for world’s largest currency fund, Bloomberg News, June 28.  The number one Bloomberg heading this morning says, “…Dollar Rally Buckles..”.  I mentioned the bankster game of pumping the news with the other side of their trade.  Read that sentence again.  Unlike the … Continue reading

I believe we have recently added a much-needed element that will lead to much higher gold prices- boredom. General gold sentiment amidst near-record prices is muted and reminiscent of sentiment last fall when we broke out to new highs, backtested the breakout, then rocket launched for 3 straight months. It was the type of move that … Continue reading

Escalating sovereign debt problems in Europe has prompted some to wonder if another “Lehman” type collapse is on the horizon. As a result, some precious metals observers have grown cautious, fearing a replay of the events of two years ago. While it is always prudent to be cautious with an extremely volatile sector like the … Continue reading

The following is a brief snippet of Wednesday’s 16-page update. Go here for more information on our service and a free 14-day no risk trial. Gold Gold remains on track (as far as our template).  Here is the potential bullish outcome.  The longer Gold holds above $1160 and that trendline, the more likely the bullish … Continue reading

In our previous essay, we’ve stated that a small correction [in gold] may be likely very soon, and since that his is what we’ve seen very recently, you might be wondering if this means that gold is likely to move much lower from here…..

Here is the chart from an email update to subscribers sent out pre-market this morning. The mail contained some written analysis, yes. But really….

Many public readers have asked what my current prognosis is for the gold market. I have published a special report for our subscribers in November which continues to be on track and valid for the current market. Here it is in its original content:

This is one of those things that doesn’t matter as much as people think. Watching the daily financial news, scanning for clues, looking for justification. One of the great secrets of speculating/investing is the fact that the daily news item chosen to “explain” a move higher is not that important.

In the March 5th commentary, we’ve summarized that signals coming from the analysis of the PM stocks’ charts currently don’t give us very precise signals, which may mean that they are to trade sideways for some time instead of making a sharp move in any direction, but there are other signals (…) that we may be near a local top…