It is clear that the latest polls are indicating that Americans have a very severe problem. The American people blame Congress for the struggling economy and are still giving “The Prevaricator In Chief” a pass for all of the scandals that have finally come to light during his second term. There is simply no accounting [...]
Nouriel Roubini has the the bears lining up and predicting the end of the gold bull. To me it is interesting that he is leading the movement when there is nothing to suggest the U.S. economy, not to mention the European economy, are any where showing signs of recovery. If anything, they are teetering on [...]
When it comes down to the major players in the financial markets, it has become quite clear that they will say whatever they have to say in order to keep the “game” going. One day “QE” is on, the next day, the Fed is going to scale it back. The net result is that gold [...]
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 [...]
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 [...]
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 [...]
I am tired of the manipulation in the gold market and I am really tired of this battle over $1,600 per ounce. With that being said, I am not surprised that it is happening now, because this market is about to get much uglier. The Cypriot deal was the shot across the bow that should [...]
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