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 [...]
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 [...]
It is time to pause, inhale and take a good look at what is going on with gold. The last two weeks have been a wild ride that some “pundits” have said spells the end of gold’s bull run. Those are the same uniformed “pundits” that have been calling the end of this bull run ever since gold hit $500 per ounce. You should know [...]
Everything was moving along in the right direction for gold as it was slowly becoming recognized as money that could not be printed, in other words, a real store of value amidst the turmoil of the world financial markets. Then, with very little warning, if you were not paying close attention to the charts and the mood, somebody yelled 1,2,3…GOLD PANIC! There is no doubt [...]
Well, I have talked about the volatility of the gold market that would surface as the fiat currencies weakened and gold’s rising curve steepened. Do you think that we have seen some of that volatility in the last couple of weeks, or are we witnessing the gold crash of 2011? I will say yes to the volatility question and a resounding NO to the thought [...]
The week ending August 12th launched gold into a whole new phase as gold easily pushed through $1,800 per ounce. Gold closed Friday at $1,746.30 down $21.30 for the day. The usual gang of top callers were immediately out saying that gold had gone to far, too fast , was in a parabolic spike and was showing signs of entering a blow off top. Nothing [...]
Are we witnessing a reoccurring pattern? I think we are and it is a disturbing pattern at best. It seems quite obvious , as I have stated “ad nauseam”, that the Obama regime is in way over its head when it comes to the U.S. Constitution and the free market economy. We are living through the reign of the first ideologically unbending Marxist/Socialist president that [...]
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 [...]
The Fed is serving two masters and doing neither job well. It matters not whether we are talking about the dual mandate in the Federal Reserves charter or their blatant attempt to keep the Obama Presidency from sinking like a rock. At first the Fed stepped in with “Quantitative Easing 1″ in order to, ostensibly, save the U.S. from financial collapse. As time unfolded and [...]
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