“QE-3 to the moon, Alice!” should be the headline of the day today, but in all likely hood, it will never grace a front page or make the evening news. The reality of what happened today is world changing. The powers that be have acknowledged that the Euro is doomed and that Germany is not strong enough, in its own right, to save the European [...]
Is Soros trying to collapse the dollar? As usual, we won’t learn all of the story until after the fact, but all signs are pointing in that direction. The duck is quacking as I look into the question, is Soros trying to break the buck? The 30 year Treasury auction is in trouble! Last week the U.S. Government came very close to having a “failed” [...]
Where is gold heading? Gold is going to new highs and there are three changes in the gold market that back this prediction up. We will take a look at last weeks action in gold and answer the question: Where is gold heading? Gold is beginning to come into it’s own as the dollar continues on its decent to .72 and below. the question now [...]
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 [...]
What a week this past week was, ending with the highest ever weekly close for gold! Forces are converging which will guarantee that this weeks close will not be the last highest ever weekly close for gold. The trend is truly your friend and the trend in gold is up for now and into the future. What a milestone, as Friday brought the highest ever [...]
Global “stimulus” is the currency of the day as gold rallies versus major currencies. A global economic crash is leading the way as gold rallies versus major currencies. The Dow is currently down 16 at 7,539, the NAS down 4 at 1,463, the dollar is down .72 (.93%) at 87.33 and gold is following it’s newest trading buddy the dollar, down $4.80 at $978.70. It [...]
The conspiracy loonies are out on the plan for the IMF to sell gold. This plan for the IMF to sell gold will not halt gold’s move higher. The DOW is currently down 182 at 7756, the NAS is down 22 at 1,507, the dollar is up, what a surprise, .72 (.93%) at 86.59 and gold is continuing it’s march, up $8.30 at $947.40. Gold [...]
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 [...]
At the time of this writing we have the Dow down 284 at 7,998, the NAS at down 61 at 1,437 and 24 hr gold down $5.30 at $704.00. Let’s do a quick review of the markets. More bad news on the unemployment front, more confusion on the direction and effectiveness of the bailout and increasing lack of confidence in the ability of the Government [...]
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