Blog

November 9, 2010 – It has been just one month since I stated on King World News that the gold mining stocks had begun a new bull market.  The XAU Index of mining stocks closed that day at a new record high of 206.79.  It closed yesterday at 220.17, up 6.5% over this period. ThatRead more

There is nothing scary about these charts, provided you own some physical gold and/or silver.  Both precious metals are in clear uptrends.  Both precious metals are making new highs – record highs for gold and 30-year highs for silver. Charts are one of the important tools that I use when looking at markets.  They provideRead more

October 3, 2010 – Since observing in my September 22nd commentary that the US Dollar Index is “staring over the edge of the precipice and is ready to plummet”, it has been basically all downhill for the dollar.  The Dollar Index over the past seven trading days has dropped 1.74 points, or 2.18%.  That is approximately an 88%Read more

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 lifeline, the FOMC in its announcement yesterday pushed the dollar further over the edge. The FOMC made clear that it is only a matter of time before the FederalRead more

September 20, 2010 – There is too much money being printed.  No rocket science is needed to reach that conclusion. The markets are giving us a clear message. For example, gold is trading at a record high, while silver has reached a 30-year high.  Those new high prices are happening for a reason.  The preciousRead more

There is a battle beginning as silver approaches $21, its highest price in 30-years.  There is a lot at stake. Those who are short silver don’t want their losses to become any bigger than they already are.  On the other side of the trade, everyone who is long silver wants to see silver appreciate toRead more

Inflation is coming back. In fact, it never really left, although there was a brief moment after the Lehman Brothers collapse when it appeared that the dollar would slip into a deflationary collapse. But after peering over the precipice, Bernanke and his central bank cohorts around the world did not like what they saw. So pump they did, and the dollar and other national currencies have been losing purchasing power ever since. But the loss of purchasing power is about to gain momentum.

September 13, 2010 – I am pleased to present the following article written by Mark Lundeen. He explains why the Barron’s mining stock average has outperformed the Dow Jones Industrials since 1920. The analysis excludes dividends on both averages, which in itself could be an interesting study. Nevertheless, his conclusions are thought provoking and worthRead more

If someone were manipulating the silver market, you would see exactly what has actually occurred in silver over the past several days. To manipulate the price you would use your buying power and accumulate long positions until you force silver above resistance in the high $18.40s and thereby trigger all the buy-stops sitting there, includingRead more

July 29, 2010 – Much has been made recently of the news that the BIS last year completed a 380-tonne gold swap with an unnamed commercial bank. This BIS transaction intuitively strikes me as being hugely important.  Unfortunately, the BIS and the bank involved have disclosed too little information for any of us outside theRead more