The price of gold, on a quarterly basis, is 86% correlated - yes, 86%! - to total government debt going back to 1975... and a shocking 98% over the past 15 years!. Despite the current rumblings, everyone is aware that the debt ceiling will be raised and will likely surpass $20 trillion by the end of President Obama’s term. That would put the price of gold at about $2,000 per ounce.
Read More »Noonan: Gold & Silver Could Move Sideways for Another 1-2 Years – Here’s Why (+3K Views)
Using past history of how price responds, it is likely that gold, and silver, could move sideways for another year or two. While this flies in the face of so many current, supposedly "expert", opinions [mine is not based on opinion but, rather, is strictly based on the facts as conveyed by the charts. Take a look and you will see that too!]
Read More »U.S. Energy Independence Is A Pipe Dream!
I don't want to kill the dream of U.S. energy independence but the fact is it won't become a reality overnight. It's entirely possible, however, that the North American continent [Canada, the U.S. and Mexico] can achieve energy independence within the next decade. [Let me explain.]
Read More »Eric Sprott: Gold & Silver Could Double Within a Year & PM Stock Gains Could Be Gargantuan (+3K Views)
In this exclusive interview, Eric Sprott answers questions about the gold and silver market in which he suggests that gold could double in a year and, in the case of silver, could go up even more than that. As for gold and silver equities, he believes gains could be gargantuan, because the equities always double or triple the performance of physical gold. Here's his reasoning.
Read More »Noonan: These Charts Clearly Show What’s Happening With Gold & Silver – Take a Look (+3K Views)
Below is a perfect example of how the charts timed the movement in the price of gold and silver over the past week. Yes, you CAN time the market as this article clearly demonstrates! When the market “talks,” we listen.]
Read More »What’s the Meaning of “Backwardation” & What Does It Mean For the Future Price of Gold? (+2K Views)
The implications to the gold price when backwardation appears are widely misunderstood so I have prepared this brief note to explain backwardation, of which there are two types – money backwardation and commodity backwardation - and, as I explain below, both apply to gold.
Read More »Noonan: Window of Opportunity to Buy Physical Gold & Silver Narrowing – Don’t Wait, Buy Now! (+2K Views)
The window of opportunity to buy physical gold and silver continues to narrow. Like the housing market top was known to be coming, when it came, those who waited too long regretted it. When the bottom for the physical PMs is known as a certainty, those who waited for a “better price” may also regret that decision. It is all about choice.
Read More »The Next Fed-created Catastrophe – a Currency Crisis – Has Already Begun (+2K Views)
There is no escaping the inevitable - if you aggressively debase your currency eventually you are going to have a currency crisis. The first one has now begun. Words: 350; Charts: 2
Read More »Noonan: The Most Factual Information On Gold & Silver Is Right HERE (+2K Views)
In an election, it does not matter if voter turnout is high or low, the outcome is determined by the actual votes cast. The same holds true for the markets. Only those who make an actual buy or sell decision determine the outcome of the market trend. The market “voters” turn up in charts, recorded in the price range, close, and volume. Collectively, a “story” unfolds, and it usually is an accurate one as it does not include any opinions. Opinions do not matter. Articles written about fundamentals, pundit declarations, etc., all fall under the category of opinions. The market is the best source for information, and that is a fact.
Read More »It Could Be “Watch Out Below” for Gold Bugs Index (HUI)? Here’s Why (+2K Views)
Support is support until it collapses but if the 10-year support line for the HUI Index is breached it is a loooong way down!!!
Read More »