Now it is time for some market musings after what was a really fun week to be trading in gold and silver. Gold and silver performed well last week, but not well enough to confirm extended breakouts. It appears that, once again, gold and silver will consolidate sideways for a while. This may be the [...]
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, [...]
Once again we find ourselves in the midst of a 20%, or greater, depending on what happens in the next few weeks, correction in the price of gold, so I thought it was time to present some random gold correction thoughts for your consideration. The dire predictions for the collapse of the gold market are [...]
Hu’s in charge and who’s not is certainly not a question, but rather a statement of what is happening in the world today. The “Community Organizer In Chief” would do well to shed the “deer in the headlights” look and get a grip. China owns the U.S., so quit trying to act like you and [...]
Is the gold bull run over? Not by a long shot. This is strictly a short term correction, while the dollar strengthens based on the “recovery” in the U.S. and worries about the debt problems in Europe. When this correction is over, expect to see gold run to between $1,475 and $1,495 per ounce. While [...]
Its gold and silver price prediction time again! Here we are once again in the week before Christmas. Most traders have packed it in and are already on holiday. The metals markets should, and I repeat should, remain relatively calm barring any major geopolitical events. While this light trading week unfolds, I thought it would [...]
We are beginning to see the silver lining in the precious metals market. Gold has been in an uptrend since leaving its low in 2000, with one major correction in 2007-’08 due to the financial crisis which brought everything down in the ensuing panic. As is always the case in bull markets, there were corrections [...]
We are entering a new phase of volatility in the gold market. The CME Group (Chicago Mercantile Exchange) has thrown a mini monkey wrench into the gold market that is causing the futures market to take a dive. Monday, the gold market had leveled out after Friday’s $40 plus sell off in gold. As [...]
This week has been amazing as the wheels appear to be coming off the fiat currencies around the world. Endeavour Silver Corp, EXK on the AMEX is positioned to take advantage of this trend. I am on record calling for 1,450 gold buy the end of 2010 and I am sticking with that prediction. It [...]
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