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March 1, 2012 – Six months ago I wrote that the gold mining stocks were on the runway and ready for take-off. I expected the gold mining ...
September 5, 2011 – Gold has been rising faster than the price of mining stocks. Here are some statistics to prove this point.
In the ...
September 4, 2011 - Since March 23, 2001, we have been holding goldgrams as our Core Currency Position. In other words, we have been keeping our ...
July 9, 2011 – Gold closed in New York this past week at $1,541.20, which is only $15.50 below its all-time record high close of ...
February 12, 2011 – In precious metal bull markets, silver outperforms. Its price climbs at a faster rate than gold’s price. ...
November 14, 2010 – Silver’s short-term uptrend remains intact, notwithstanding silver’s big price drop on Friday. The ...
October 3, 2010 – Since observing in my September 22nd commentary that the US Dollar Index is “staring over the edge of the precipice and ...
September 22, 2010 – The US dollar is staring over the edge of the precipice and is ready to plummet. Rather than hand the dollar a ...
September 18, 2010 – There is a battle beginning as silver approaches $21, its highest price in 30-years. There is a lot at ...
August 22 2010 – If someone were manipulating the silver market, you would see exactly what has actually occurred in silver over the past ...
July 18, 2010 – Two months ago I stated that silver is inching closer to an upside breakout. It turns out that “inching” was ...
June 1, 2010 – Numerous records continue to be broken by gold, including some longstanding ones that go back to the January 1980 peak. ...
May 22, 2010 – Silver is inching closer to its long-awaited upside breakout. The huge accumulation pattern that silver has been building ...
April 10, 2010 – Gold climbed $36.00 this past week, a substantial 3.2% weekly gain. Importantly, gold has finally hurdled above ...
April 1, 2010 – Everything is lining up for silver, which looks ready to soar. The catalyst to launch silver like a rocket may very well ...
March 16, 2010 – Gold has been stopped time and again in its decade-long bull market by recurring hurdles that appear at an ever-higher ...
February 17, 2010 – The nearly $30 surge in the gold price from Friday to yesterday’s close in New York should not surprise anyone ...
February 15, 2010 – An article yesterday by the Associated Press delivers a stark assessment on the crushing reality of the US ...
February 4, 2010 – There is a popular point of view that the Reserve Bank of India put a ‘floor’ under the gold market around $1050, ...
January 9, 2010 – Silver jumped out of the gate to begin 2010 with a flying start. It climbed a remarkable 9.7% in this year’s first ...
December 13, 2009 – In my last commentary I asked “What’s next for gold?” Answering my own question, I noted that ...
December 6, 2009 – I have not commented on the stocks of gold and silver mining companies since August 22nd because there hasn’t been much ...
November 28, 2009 – In my last commentary about gold on October 25, I noted that “gold is a much different market over $1000 because of ...
October 31, 2009 - From its 74.97 low in mid-October, the US Dollar Index has bounced 1.8%. Occasional swings of a percentage point or two are ...
October 30, 2009 – There were six bear market rallies in the Dow Jones Industrials Average from the October 1929 stock market crash to the Great ...
October 25, 2009 – Gold’s ongoing consolidation in the $1045-to-$1060 area is very constructive to its ongoing bull market. However, ...
October 10, 2009 - The tug-of-war I described in my last commentary has ended. Gold has won another battle in its decade-long bull market by ...
October 2, 2009 - There is a tug-of-war going on. On one side are those who want to buy physical gold under $1000 per ounce because they ...
September 26, 2009 – The precious metals began a correction last week, which was fueled by gold’s inability to penetrate resistance above ...
September 18, 2009 – The performance of the gold/silver ratio over the past month has been stunning. From a high of 68.0 on August 19, the ...
September 15, 2009 - Gold closed today in New York at $1005.00, a new record high. Any new record is always a noteworthy event, but particularly ...
September 10, 2009 - After being in and out of backwardation several times this year, silver has again slipped into backwardation. There are ...
September 9, 2009 - September has so far been a bad month for the US dollar. From its close on September 1st, the US Dollar Index has declined ...
September 2, 2009 - The yield on the 10-year T-note closed today at the lowest level since May. Yields have fallen on fears of another ...
August 24, 2009 - Gold again re-tested support as expected. Gold dropped right into our buying area.
Believe it or not, but I think that ...
August 24, 2009 - Please take a close look at the following chart of the gold/silver ratio. I have again added to this chart the red horizontal ...
August 24, 2009 - Silver dropped into our buying area, but silver did not close below the level needed to trigger my buy recommendation. I think ...
August 24, 2009 - The S&P 500 and the other major stock market averages face an important test in the weeks immediately ahead. Please take a ...
August 22, 2009 - The XAU Index continues to make good progress in building support. One of these days this support will propel the XAU Index ...
August 10, 2009 - We have been holding goldgrams as our Core Currency Position, since March 23, 2001.
On May 4th traders sold the US dollar by ...
August 10, 2009 - Gold re-tested support as expected, but dropped further than I had planned for. As a result, some of our gold trading positions ...
August 10, 2009 - The chart of the gold/silver ratio is unfolding just as expected.
The setback in the metals last month took the ratio all the ...
August 10, 2009 - On July 13th traders sold short the 10-year T-note. The yield on the T-note at the end that day was 3.38%. Stop out this T-note ...
August 10, 2009 - The Dow and other major stock market averages are rising because of the outlook for worsening inflation, and not improved economic ...
August 8, 2009 - Nothing has changed over the past few weeks. The XAU Index is still testing overhead resistance around the 152-154 area, which ...
July 27, 2009 - Since March 23, 2001, we have been holding goldgrams as our Core Currency Position.
On May 4th traders sold the US dollar by shorting ...
July 27, 2009 - In my previous commentary, I advised that "the worst is over and further, it looks like both precious metals will bounce from ...
July 27, 2009 - The red horizontal line on the accompanying chart of the gold/silver ratio marks what had been resistance at 69. That resistance line ...
July 27, 2009 - On July 13th traders sold short the Sep’09 T-note at 118-21. The yield on the 10-year T-note that day was 3.38%. Stop out this ...
July 27, 2009 - Silver has also bounced over the past couple of weeks since the last letter. In fact, silver has outperformed, rising 8.5% during ...
July 27, 2009 - I have updated the same chart of the Dow Jones Industrials Average presented in recent letters, but also made an important change by ...
July 25, 2009 - The XAU Index is again testing overhead resistance at the 152-154 area, which has been discussed many times recently. Like gold, ...
July 13, 2009. Since March 23, 2001, we have been holding goldgrams as our Core Currency Position.
On May 4th traders sold the US dollar by shorting ...
July 13, 2009 - Gold has been pushed into an extremely oversold condition. Fortunately though, and quite remarkably given this relentless selling ...
July 13, 2009 - I noted in the last commentary, the importance of resistance for the gold/silver ratio at 69. I even drew a red horizontal line at ...
July 13, 2009 - The countertrend rally in the price of long-term government paper is probably over. The reality of too much federal government debt ...
July 13, 2009 - Silver (and gold) have been pushed into an extremely oversold condition. Silver, for example, has dropped on 7 of the last 9 trading ...
July 13, 2009 - I have included again the same chart of the Dow Jones Industrials Average presented in the last commentary. Please take a close look ...
July 10, 2009 - As is clear from the following chart, we can see that there was some technical damage to the XAU Gold Mining Index. After ...
June 29, 2009 - Since March 23, 2001, we have been holding goldgrams as our Core Currency Position.
On May 4th traders sold the US dollar by shorting ...
June 29, 2009 - Gold's enemies, namely, those banks comprising the nefarious gold cartel and acting under the direction of the supra-governmental ...
June 29, 2009 - After the gold/silver ratio broke important support in the 68-69 area, it knifed down all the way to 61.7. The ratio has now bounced ...
June 29, 2009 - My comments remain unchanged from recent letters. With each passing day, December's top in prices (i.e., low in yields) looks more ...
June 29, 2009 - Continue to accumulate the precious metals. By doing so you are saving money, but it is sound money and not depreciating national ...
June 29, 2009 - The Dow Jones Industrials Average is at a very interesting juncture. Please take a close look at the following chart.
As the ...
June 8, 2009 - Since March 23, 2001, we have been holding goldgrams as our Core Currency Position. On May 4th traders sold the US dollar by shorting ...
June 8, 2009 - Gold has climbed higher as expected. Both precious metals now look ready to make new multi-month highs, but it is becoming ...
June 8, 2009 - We can now see with the benefit of hindsight how important support was in the 68-69 area for the gold/silver ratio. When this support ...
June 8, 2009 - My comments are the same as the last letter. With each passing day, December's top in prices (i.e., low in yields) looks more and more ...
June 8, 2009 - Gold and silver have climbed higher as expected. Both precious metals now look ready to make new multi-month highs.
Turning to ...
June 8, 2009 - I continue to recommend that investors stay out of the stock market (except for my recommended stocks). Continue to hold 'gold-cash', ...
May 25, 2009 - Since March 23, 2001, we have been holding goldgrams as our Core Currency Position.
On May 4th traders sold the US dollar by shorting ...
May 25, 2009 - Our patience is finally being rewarded. The precious metals are on the move, and higher prices are likely in the weeks ahead.
While ...
May 25, 2009 - It has taken a lot of patience, but the gold/silver ratio finally sliced through support at the 68-69 area. The ratio has clearly ...
May 25, 2009 - I would like to get short again, but the T-note did not bounce up to the level I was looking for. It was a sign of weakness, and we ...
May 25, 2009 - Silver has been in a correction since March 2008, but the end of this correction is near.
Looking at the above silver chart, ...
May 25, 2009 - I continue to recommend that investors stay out of the stock market (except for my recommended stocks). Continue to hold 'gold-cash', ...
May 4, 2009. Since March 23, 2001, we have been holding goldgrams as our Core Currency Position.
The dollar remains within the same trading range ...
May 4, 2009 - Markets always require vigilance and patience, but sometimes they demand even more. They sometimes require extraordinary patience. We ...
May 4, 2009 - The gold/silver ratio continues to hang on a precipice.
I have written in the last two letters about the importance of the 68-69 ...
May 4, 2009 - On April 15th traders covered at 123-38/64 the Jun'09 T-note sold short at 125-20/64 on March 18th. The profit was 1-46/64.
I would ...
May 4, 2009 - Markets always require vigilance and patience, but sometimes they demand even more. They sometimes require extraordinary patience. We ...
May 4, 2009 - I continue to recommend that investors stay out of the stock market (except for my recommended stocks). Continue to hold 'gold-cash', ...
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