US Dollar

The fact that the U.S. dollar has managed to hold its own despite representing a country deeply in hock is only testament to the weakness of every other major developed-world government.

A pullback in Gold to the 102.50 area on the GLD ETF would fill a “Gap” in that chart, and represent a normal bull market 50% correction of the last swing…..

And with the weight of evidence leaning in favor of the dollar at this stage, as I laid out here in my article last week, this latest announcement by the Fed provides….

OK… we timed our late-November “gold is overbought and ready for a decline” forecast pretty well…..

Early look at Platinum, Copper, Gold & Silver….

Let me cut to the chase as to how I expect 2010 to unfold: a) the decline in the US dollar will put the economy on the edge of hyperinflation, b) the gold/silver ratio will drop to 45 and, if gold hits $2000 as I expect, then silver will be….

Clips discussing the US Dollar….

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

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.

John Kaiser: The Allure of Bottom-Fishing Source: Interviewed by Karen Roche, Publisher, The Gold Report  01/12/2010 According to John Kaiser, creator of the Bottom-Fish Index, companies on his 2010 list are cheap because the market thinks the junior resource sector lacks the staying power it needs for their management group to guide them into significant growth. … Continue reading