Gold Predictions

Gold Predictions

I bring you six-pack of gold predictions to start off the new year.  A lot of things are coming together to make 2010 a very memorable year.   All six  predictions will affect the price of gold, whether they seem related to gold or not, they are six important gold predictions that will impact gold in [...]

January 1st, 2010 by goldbug 

Buy Gold Coins And Bullion on Dips Under $900!

Buy Gold Coins And Bullion on Dips Under $900!

Buying gold coins and gold bullion when gold dips below $900 per ounce is a wise course which will reward you handsomely.  There are many erroneous reports in the media, but the wisdom of buying gold coins and gold bullion on the dips below $900 is not one of them!
Last week gold runs through $900 [...]

April 28th, 2009 by goldbug 

P.P.I.P. To The Rescue!

P.P.I.P. To The Rescue!

Treasury Secretary Geithner’s P.P.I.P. proposal is boosting the markets and laying the foundation for buying gold.  This is not the silver bullet that will fix the financial crisis but it will, as it unfolds, bolster the case for buying gold.
The DOW is off on a tear on the news of Treasury Secretary Geithner’s “Public Private [...]

March 23rd, 2009 by goldbug 

$1000 Goes Up in Smoke

$1000 Goes Up in Smoke

Market pressures build as $1000 goes up in smoke.  Are market events and psychology coming together to form the perfect storm for gold as $1000 goes up in smoke?
The DOW is recovering from yesterday’s loss, up 69 at 7,339, the NAS is up 4 at 1,429, while the dollar has slipped a little, down .27 [...]

February 26th, 2009 by goldbug 

Putin On Capitalism and the Financial Crisis

Putin On Capitalism and the Financial Crisis

Prime Minister Vladimir Putin on Capitalism and the Financial Crisis. Putin sounds like anything but and ex KGB head as he speaks at Davos on Capitalism and the Financial Crisis.
The DOW is up slightly today as we digest the great mortgage bailout package.  President Obama spoke correctly yesterday when he said that the signing of [...]

February 18th, 2009 by goldbug 

Gold Lower on Speculation

Gold Lower on Speculation

Gold is moving lower on speculation about the future strength of the dollar, a slow down in bullion purchases and continued fear about the global credit crisis.  This move lower will put gold back into the oversold part of the charts shortly.  I am looking at several gold stocks now that are soon to be [...]

January 12th, 2009 by goldbug 

World Events and Gold

World Events and Gold

Good morning on this last full day of trading before the shortened New Years Eve session.  I, for one, can’t waiting for this low volume, meaningless trading week to end.  The picture should become clearer starting with trading on Monday, January 5th.
At this time, the DOW is up 126 at 8,610, the NAS is up [...]

December 30th, 2008 by goldbug 

Gold and Uncertainty?

Gold and Uncertainty?

I hope everyone had a wonderful Christmas.  I know that I did.
Friday was an interesting day for gold with the Israelis retaliating for the random rocket strikes from radical Hamas.  Gold ended up $21.78 at $868.70 as the fighting escalated.  Claudia Carpenter (Bloomberg) had this to say this morning.
Gold rose to a two-month high in [...]

December 29th, 2008 by goldbug 

Gold of Christmas Past?

Gold of Christmas Past?

Christmas eve, eve and everything is relatively calm.  The DOW is up 26 at 8,548, the NAS is up 10.7 at 1,543 and gold is trading down $5.90 at $841.70.  All of this is much adieu about nothing until the traders and the volume return after New Year’s day.

Oil continues its fall down the elevator [...]

December 23rd, 2008 by goldbug