This Christmas we are being handed the silver Christmas present. Silver below $30 per ounce produces one of the best opportunities to enter the market in both physical silver and in the silver stocks that we have seen in some time. We should not look this gift horse in the mouth, because in a very short time we will be looking back at silver below [...]
Oil and gold are connected and the relationship is becoming more evident every day. One is an expression of power and expansion and the other is a store of wealth. Both bring wealth to the nations that hold them as is demonstrated by the growing wealth of China as they acquire more and more physical gold, and by the wealth that Saudi Arabia has generated [...]
Gold has bounced off the bottom of this latest correction and is moving higher in an orderly fashion as it readies for the push through $2,000 to $2,100 later this year. There are strong indications that gold will launch a new move soon. Many factors would have to come together at exactly the same time to keep gold held down past this spring. I am [...]
Ben Bernanke speaks and puts the lie to everything that “The Community Organizer In Chief” has been spouting in this, the beginning of the fourth year of his reelection campaign. Wouldn’t it be great if we had a President that put the country’s needs above his own? Refreshing yes, but don’t count on it, because the establishment Republicans are doing everything that they can to [...]
As the U.S. sinks further into the economic and foreign policy malaise that is the Obama administration, the rest of the world marches on and we are left to ponder what might have been, while facing a world with Russia and China united. It is shocking to see the United States shrinking economically and in world wide influence, while Russia continues to make bold alliances [...]
We are living through a phase in history where unrest and uncertainty reign! Even in the areas where we can see clearly the direction that we are headed, we are being told by the media that all is not as we see it. Is it any wonder that the markets are in turmoil and that even the most solid of investments, gold has been cast [...]
The dollar rally wilts gold! Not much more need be said. The U.S. Government and its complicit ally, the Fed, are trying to do everything they can in order to cobbled together a dollar rally which will put the brakes on gold and get the rating agencies off their back. The regime’s political future rests solely on the economy turning around before the 2012 election [...]
George Soros sold gold, did you? The discussion on his latest move will go on for some time, but I feel that Mr. Soros is simply trying to move the market in his favor. He knows that the fiat currencies of the world are nearing a crisis and he is simply trying to create an environment where gold will get sold so that he can [...]
What’s wrong with Kinross, KGC? Let’s start with the present, 2011 and work backwards. Kinross is projected to produce in the range of 2.5–2.6 million ounces of gold at an average cost in gold equivalent of $565 to $610 per ounce. At this Friday’s close of $1,542.40 per ounce, that equates to a profit of between $977.40 to $932.40 for every ounce that they [...]
Without a doubt, the next stop: QE-3. There is no question, after today’s economic numbers, that QE-3 is already in the works. The US economy will choke under higher interest rates and the housing market will crater, from where it is now, by 50% if interest rates rise. The Case Shiller Index shows the housing market slipping back into recession with a -3.6% shrinkage. The [...]
The Fed is stuck between ” rock and a hard place” because inflation is picking up. Jim Sinclair has often said, “An economy not accelerating at an accelerating rate is declining at an accelerating rate.” No truer words have ever been spoken. Despite what the media is trying to promote in order to prop up “The Community Organizer In Chief”, this economy is in a [...]
It is time that we all acknowledge the coming gold standard. I have said on numerous occasions that the price of gold is all about the dollar. I may have spoken too quickly and in so doing given little shrift to the other fiat currencies around the world that are playing the foil for the dollar in the dollar’s latest run up. I want [...]
With the gold and silver markets working through a correction, it’s time to take a look at Gabelli Funds: GGN. Those of you that follow me know that it was time to take profits a couple of weeks ago as the precious metals markets started this correction. Those of you that sold a third, or more, of your positions are now sitting on a lot [...]
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)
Recent Comments