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February 17, 2010 – The nearly $30 surge in the gold price from Friday to yesterday’s close in New York should not surprise anyone ...
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February 15, 2010 – An article yesterday by the Associated Press delivers a stark assessment on the crushing reality of the US ...
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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, ...
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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 ...
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December 13, 2009 – In my last commentary I asked “What’s next for gold?” Answering my own question, I noted that ...
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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 ...
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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 ...
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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 ...
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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 ...
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October 25, 2009 – Gold’s ongoing consolidation in the $1045-to-$1060 area is very constructive to its ongoing bull market. However, ...
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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 ...
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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 ...
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September 26, 2009 – The precious metals began a correction last week, which was fueled by gold’s inability to penetrate resistance above ...
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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 ...
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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 ...
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September 10, 2009 - After being in and out of backwardation several times this year, silver has again slipped into backwardation. There are ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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August 10, 2009 - The Dow and other major stock market averages are rising because of the outlook for worsening inflation, and not improved economic ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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, ...
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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 ...
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July 13, 2009 - Gold has been pushed into an extremely oversold condition. Fortunately though, and quite remarkably given this relentless selling ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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June 29, 2009 - Gold's enemies, namely, those banks comprising the nefarious gold cartel and acting under the direction of the supra-governmental ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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', ...
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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 ...
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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 ...
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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 ...
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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 ...
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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, ...
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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', ...
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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 ...
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May 4, 2009 - Markets always require vigilance and patience, but sometimes they demand even more. They sometimes require extraordinary patience. We ...
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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 ...
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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 ...
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May 4, 2009 - Markets always require vigilance and patience, but sometimes they demand even more. They sometimes require extraordinary patience. We ...
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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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