James Turk's Free Gold Money Report RSS Feed en-uk Copyright 1997-2010 by FGMR. All rights reserved. http://www.fgmr.com/ http://www.fgmr.com/waiting-for-silvers-upside-breakout.html http://www.fgmr.com/waiting-for-silvers-upside-breakout.html July 18, 2010 Two months ago I stated that silver is inching closer to an upside breakout. It turns out that andldquo;inchingandrdquo; was the right word because since then silver has been Sun, 18 Jul 2010 00:00:00 GMT http://www.fgmr.com/gold-hurdles-to-new-record-highs.html http://www.fgmr.com/gold-hurdles-to-new-record-highs.html June 1, 2010 Numerous records continue to be broken by gold, including some longstanding ones that go back to the January 1980 peak. Gold closed the month of May at a new record high Tue, 01 Jun 2010 00:00:00 GMT http://www.fgmr.com/silver-is-inching-closer-to-an-upside-breakout.html http://www.fgmr.com/silver-is-inching-closer-to-an-upside-breakout.html May 22, 2010 Silver is inching closer to its long-awaited upside breakout. The huge accumulation pattern that silver has been building over the past three years is almost complete, as Sat, 22 May 2010 00:00:00 GMT http://www.fgmr.com/gold-hurdles-above-usd1140.html http://www.fgmr.com/gold-hurdles-above-usd1140.html April 10, 2010 Gold climbed $36.00 this past week, a substantial 3.2% weekly gain. Importantly, gold has finally hurdled above resistance around $1140. In fact, it literally blew Sat, 10 Apr 2010 00:00:00 GMT http://www.fgmr.com/silver-looks-ready-to-soar.html http://www.fgmr.com/silver-looks-ready-to-soar.html 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 turn out to be last week's CFTC hearing, Thu, 01 Apr 2010 00:00:00 GMT http://www.fgmr.com/golds-usd1140-hurdle.html http://www.fgmr.com/golds-usd1140-hurdle.html 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 price. During these encounters, several things Tue, 16 Mar 2010 00:00:00 GMT http://www.fgmr.com/no-surprise-in-golds-big-bounce.html http://www.fgmr.com/no-surprise-in-golds-big-bounce.html February 17, 2010 The nearly $30 surge in the gold price from Friday to yesterday's close in New York should not surprise anyone familiar with the gold price suppression Wed, 17 Feb 2010 00:00:00 GMT http://www.fgmr.com/higher-yields-on-us-government-debt-are-overdue.html http://www.fgmr.com/higher-yields-on-us-government-debt-are-overdue.html February 15, 2010 An article yesterday by the Associated Press delivers a stark assessment on the crushing reality of the US government's financial plight. It reports: Mon, 15 Feb 2010 00:00:00 GMT http://www.fgmr.com/gold-is-testing-floor-theory.html http://www.fgmr.com/gold-is-testing-floor-theory.html February 4, 2010 There is a popular point of view that the Reserve Bank of India put a andlsquo;floor' under the gold market around $1050, which approximates the price at which it bought Thu, 04 Feb 2010 00:00:00 GMT http://www.fgmr.com/silver-begins-2010-with-an-impressive-start.html http://www.fgmr.com/silver-begins-2010-with-an-impressive-start.html 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 week of trading to end the week at Sat, 09 Jan 2010 00:00:00 GMT http://www.fgmr.com/gold-remains-firmly-within-major-uptrend.html http://www.fgmr.com/gold-remains-firmly-within-major-uptrend.html December 13, 2009 In my last commentary I asked andldquo;What's next for gold?andrdquo; Answering my own question, I noted that andldquo;$1200-$1400 is a reasonable target for the end of Sun, 13 Dec 2009 00:00:00 GMT http://www.fgmr.com/conflicting-signals-for-mining-stocks-from-two-important-indicators.html http://www.fgmr.com/conflicting-signals-for-mining-stocks-from-two-important-indicators.html 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 to say, but that has changed. As expected, Sun, 06 Dec 2009 00:00:00 GMT http://www.fgmr.com/gold-usd1200-usd1400-yearend-forecast.html http://www.fgmr.com/gold-usd1200-usd1400-yearend-forecast.html November 28, 2009 In my last commentary about gold on October 25, I noted that andldquo;gold is a much different market over $1000 because of all the new players being attracted to Sat, 28 Nov 2009 00:00:00 GMT http://www.fgmr.com/currencies-october-31-2009.html http://www.fgmr.com/currencies-october-31-2009.html 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 to be expected, as markets never move in a straight Sat, 31 Oct 2009 00:00:00 GMT http://www.fgmr.com/stock-market-october-30-2009.html http://www.fgmr.com/stock-market-october-30-2009.html 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 Depression low point in July 1932. These Fri, 30 Oct 2009 00:00:00 GMT http://www.fgmr.com/gold-october-25-2009.html http://www.fgmr.com/gold-october-25-2009.html October 25, 2009 Gold's ongoing consolidation in the $1045-to-$1060 area is very constructive to its ongoing bull market. However, end of months are always very tricky because of Sun, 25 Oct 2009 00:00:00 GMT http://www.fgmr.com/gold-october-9-2009.html http://www.fgmr.com/gold-october-9-2009.html 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 finally breaking through resistance at $1010-$1012, Sat, 10 Oct 2009 00:00:00 GMT http://www.fgmr.com/gold-october-2-2009.html http://www.fgmr.com/gold-october-2-2009.html 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 recognize both gold's usefulness and the fact that Fri, 02 Oct 2009 00:00:00 GMT http://www.fgmr.com/ratio-september-26-2009.html http://www.fgmr.com/ratio-september-26-2009.html September 26, 2009 The precious metals began a correction last week, which was fueled by gold's inability to penetrate resistance above $1000 after several determined attempts. I am Sat, 26 Sep 2009 00:00:00 GMT http://www.fgmr.com/ratio-september-18-2009.html http://www.fgmr.com/ratio-september-18-2009.html 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 ratio closed today in New York at 59.2, a Fri, 18 Sep 2009 00:00:00 GMT http://www.fgmr.com/gold-september-15-2009.html http://www.fgmr.com/gold-september-15-2009.html 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 so when the technical position and chart are so Tue, 15 Sep 2009 00:00:00 GMT http://www.fgmr.com/silver-september-10-2009.html http://www.fgmr.com/silver-september-10-2009.html September 10, 2009 - After being in and out of backwardation several times this year, silver has again slipped into backwardation. There are however, some notable differences this Thu, 10 Sep 2009 00:00:00 GMT http://www.fgmr.com/currencies-september-9-2009.html http://www.fgmr.com/currencies-september-9-2009.html 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 2.1%. The following chart is looking Wed, 09 Sep 2009 00:00:00 GMT http://www.fgmr.com/interest-rates-september-2-2009.html http://www.fgmr.com/interest-rates-september-2-2009.html 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 de-leveraging as we approach the 1-year anniversary of the Wed, 02 Sep 2009 00:00:00 GMT http://www.fgmr.com/gold-august-24-2009.html http://www.fgmr.com/gold-august-24-2009.html 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 we will get one more chance to buy on a dip toward Mon, 24 Aug 2009 00:00:00 GMT http://www.fgmr.com/silver-august-24-2009.html http://www.fgmr.com/silver-august-24-2009.html 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 that we will get one more chance to buy on a dip Mon, 24 Aug 2009 00:00:00 GMT http://www.fgmr.com/gold-silver-ratio-august-24-2009.html http://www.fgmr.com/gold-silver-ratio-august-24-2009.html 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 line at 69. Note that this 69 level is again Mon, 24 Aug 2009 00:00:00 GMT http://www.fgmr.com/stock-market-august-24-2009.html http://www.fgmr.com/stock-market-august-24-2009.html August 24, 2009 - The SandP 500 and the other major stock market averages face an important test in the weeks immediately ahead. Please take a look at the following chart of the weekly closing Mon, 24 Aug 2009 00:00:00 GMT http://www.fgmr.com/mining-stocks-august-22-2009.html http://www.fgmr.com/mining-stocks-august-22-2009.html 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 above resistance around the 152-154 area, which is Sat, 22 Aug 2009 00:00:00 GMT http://www.fgmr.com/gold-silver-ratio-august-10-2009.html http://www.fgmr.com/gold-silver-ratio-august-10-2009.html 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 way up to its 200-day moving average. The probe of Mon, 10 Aug 2009 00:00:00 GMT http://www.fgmr.com/gold-august-10-2009.html http://www.fgmr.com/gold-august-10-2009.html 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 were stopped out. The important point though is how Mon, 10 Aug 2009 00:00:00 GMT http://www.fgmr.com/currencies-august-10-2009.html http://www.fgmr.com/currencies-august-10-2009.html 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 shorting the Dollar Index at 83.97. Stop out this trade Mon, 10 Aug 2009 00:00:00 GMT http://www.fgmr.com/interest-rates-august-10-2009.html http://www.fgmr.com/interest-rates-august-10-2009.html 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 short-sale if its yield closes any week below 3.46%, Mon, 10 Aug 2009 00:00:00 GMT http://www.fgmr.com/stock-market-august-10-2009.html http://www.fgmr.com/stock-market-august-10-2009.html August 10, 2009 - The Dow and other major stock market averages are rising because of the outlook for worsening inflation, and not improved economic conditions. The federal government is spending Mon, 10 Aug 2009 00:00:00 GMT http://www.fgmr.com/mining-stocks-august-8-2009.html http://www.fgmr.com/mining-stocks-august-8-2009.html 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 is the same area of resistance discussed many Sat, 08 Aug 2009 00:00:00 GMT