Golden bubble? We are not in a golden bubble, and there are mounting signs that are signaling that this gold bull is for real. If anything we are at the beginning of a “perfect storm” for gold! Gold ended a news filled week up $6.40 at $1,095.70 on the COMEX, after having once again reached a new all time high of $1,100.90. Gold is clearly [...]
Gold is moving towards $1,000 per ounce, but it is still all in the dollar. With gold moving towards $1,00o per ounce, a little caution is advised while we await next weeks moves in both gold and it’s joined at the hip buddy, the dollar. After months of correction and consolidation, it looks like gold is ready to start a major move. All signs point [...]
What do Gisele Bundchen, Wal-Mart and bubbles have in common? We will explore that soon enough, but first, the two key players: the dollar and gold. Both await different fates brought about by Gisele Budchen, Wal-Mart and bubbles! I thought we would start today with a few quotes that, though they were written in different times, are apropos for what is occurring today. “The duty [...]
Buying gold coins and gold bullion makes sense when you look at the big picture in regards to the value of the dollar. Gold coins and bullion are set to rise two to three times from present levels. Do not let this opportunity slip away! Gold ends the week at $885.80 after having once again given up it’s tenuous hold on $900 per ounce. This [...]
It has become apparent that the gold jewelery downturn has begun, but what does it portend for the price of gold? We look at the gold jewelery downturn and explain why it is positive for the price of gold. The sideways trading range is holding it’s own as the markets struggle to stay away from the free fall zone, or the breakout zone if you [...]
Who will benefit between gold and the “stimulus” package? It is clear that fear is the going to be decisive in determining the winner between gold and the stimulus package! The markets are awaiting the results of the Fed meeting today with their usual wide-eyed enthusiasm. The Fed will solve all of the markets concerns with some new wonder program that will right the ship. [...]
Until I can get the charts up on this site, I will start with a quick state of the market at the time of this writing. The DOW is down 304 to 8,530, the NAS down 66 to 1,529 and 24 hour gold is up $9.60 to $744.50. Now that the house keeping is done, let’s get on with the fun stuff. This comes to [...]
Election Day 2008! What better day to start a new blog about all things gold and silver related. This is the blog for you if you want to trade gold and protect your wealth. If you are into a “socialist utopia”, you have stumbled onto the wrong blog. I am going to call them like I see them. On this blog, I am looking for [...]
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