There is fear and panic in the air. The pundits have called a end to the decade long bull run. Gold is truly a useless relic of the past! The enlightened financial “Illuminati”, the wizards of wall street (aka the “too big to fail banks”), have seen the light and solved the world’s financial crisis. [...]
This correction in the gold and silver miners has been depressing to say the least. I am sure that is exactly what the big bullion shorts wanted in order for them to exit their positions and get in on the long side at depressed prices. I am not going to tell you that I exited [...]
Inflation is a monetary event that hardly anyone sees coming until it is entrenched in the monetary system and expanding like a wildfire. It is simply amazing to me, that as science and knowledge progressed rapidly due to the advancements in our computer society, our economic and political philosophies are mired in the past. Where [...]
Money talks and, as we have seen lately, big money talks the loudest! This is true as long as the game is played by the original rules. When things start to get shaky and those in the know sense it (even if they can’t tell what is causing it), they change the rules of the [...]
A funny thing happened on the way to the autopsy table. The patient exhibited a very weak pulse, so we immediately turned the gurney with the body towards the intensive care unit. The ER team is working on the patient as we speak and it looks like, at least for the time being, the patient [...]
Yesterday was truly “Black Friday” for the gold bull market. It appears that the “back” of the gold bull has been broken and the elevator is going down, to the bottom floor, in short order. Perception is the key in the markets and there is blood in the streets and outright panic in the holders [...]
Things are getting curiouser and curiouser, as central banks are doing everything that they can to stop gold from reflecting the debasement of the fiat currencies around the world. It doesn’t surprise me that central banks would try to hide the affects of all the money that they have been creating because they don’t want [...]
Who benefits from the “new normal” which has been created by the Cyprus bail-in? Only time will tell, but it appears to me that the central bankers have opened a door that could very well lead to the exact opposite outcome than the one they were looking for! This could be the straw that breaks [...]
The resource sector, aka the miners, appear to be in the midst of a downtrend that has turned into a capitulation phase. It is important to note that like parabolic rises that forecast major tops, fishing line charts, panic selling and capitulation selling indicate bear market bottoms. Seasoned investors that understand market psychology try to [...]
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