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. [...]
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 [...]
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 [...]
Gold has taken a 5% haircut in just a little over three weeks, culminating in the death cross on Friday the 22nd of February. That’s a $100 drop in price which pushed gold below $1,600 per ounce. The death cross, where the down sloping 50 day moving average crosses its down sloping 200 moving day [...]
This is a quick update on a story that should be headline news, but as we all know, the media is not involved with actually reporting the news. Their job is to insure that the public has no clue what the regime is doing. This is a story that lays out what the future holds [...]
Let’s face it, gold fell this week because a larger amount of participants in the market were disappointed with gold’s inability to break through the $1,800 level. The question arises, is this a normal correction or manipulation? Only time will answer that question completely, but I would venture to say that it is a combination [...]
The precious metals got a boost today from an unlikely source, the minutes of the last FOMC meeting. Normally the the FOMC minutes do not reveal much of a hint as to what they are thinking because they like to keep their intentions close to the vest, but today they showed that the consensus of [...]
First, let me apologize for not writing during the last two weeks, but other duties called and I tend to look away when the gold price is going down because it irritates the heck out of me when gold does not act as the safe haven that it should be during times of monetary chaos. [...]
$1,528, or there about, should be the bottom in this correction. If gold breaks that support for three days or more, Katie bar the door because the elevator is going down. Let me fess up here, I never saw this retest of the $1,528 support coming. If I had, I would have sold 75% of [...]
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