Many...commentaries by people referred to as 'gurus' or 'experts'...often don't state the assumptions that underlie the opinions they express leaving the reader...to take at face value what is said based on 'assumed expertise'. I suggest you exercise caution and not blithely accept the views of 'experts' without first understanding their underlying assumptions and then satisfying yourself that those assumptions both make sense and are internally consistent with the views and opinions the 'experts' express, and the advice they give. Let me explain more fully below.
Read More »Gold Slaps 200-day Moving Average In the Face! Now's THE Time to Buy Some More
If you've been waiting for a time to add to, or to initiate, a precious metals position, this is exactly what you've been waiting for. [Let me explain why that is the case.] Words: 299; Charts: 1
Read More »Gold Crashes Through Its 11-year Channel Support Line! How Low Will Gold Go Now?
Gold has done it! It took 11 yearrs but it finally (albeit unfortunately) crashed through its channel support line of $1,690.00 and 200-day simple moving average of $1,663.07 to close out Thursday at $1,645.90 (with an intraday low of $1,636.00) down $22 from the previous day. Tomorrow is December 21st, 2012, the day the Mayan calendar predicted the world would experience an apocalypic event, so might we be in for a further major decline (just kidding) decline?
Read More »Owning Gold Bullion Can Help Boost Your Global Net Worth! Here’s Why (+2K Views)
Today's world is as uncertain as any we've seen in some time. Sovereign-debt crises threaten major economies in Europe and Japan and the fiscal state of the United States is the worst in non-wartime history! It's no surprise, then, that investors are becoming increasingly attracted to the safety, anonymity and purchasing-power preservation that comes with bullion ownership. That being said, one of the most-often-overlooked benefits of bullion is its ability to help you increase your wealth across currencies, so today I'll show you how owning physical metals — and the most-precious of them all, gold in particular — can help you to boost your global net worth! Words: 896
Read More »These 6 Charts Illustrate That Hyperinflationary Pressure in America Is Growing (+2K Views)
The six charts I provide in this article illustrate why the hyperinflationary pressure in America is growing. This is not necessarily a forecast for hyperinflation - this is simply a demonstration that some of the precursors to a hyperinflationary cliff are building. (Words: 1001; Charts: 7)
Read More »Bull Markets Always End With a Bang, Not a Whimper, So Gold’s Run Should Have More Legs (+2K Views)
[Here is a summary of my]...thoughts on the 2011 gold price peak relative to the last time a long term bull market ended (back in 1980): Long-term bull markets almost always end with a bang, not a whimper, and last year's price peak was clearly the latter. A 25% rise over a period of about two months last year [does not an] end-of-cycle, blow-off top [make]. No, I think there's still some room to run for gold if for no other reason than that we haven't even come close to the "mania" stage that characterizes the end of long-term market moves...[Let me explain further.] Words: 359; Charts: 1
Read More »Silver: 5 Forces That Should Help Polish Off the Tarnish & Propel It Higher (+2K Views)
The price of silver has been corroding for much of the past year but a variety of signals in recent months suggest that it may not be long before silver begins to shine once again. [This article identifies 5 such signals and/or reasons why that may well be the case.] Words: 643; Charts: 2
Read More »Oxymoronically, the Biggest Risk to the U.S. Economy & Dollar Might Well Be Economic Growth! Here's Why
While Treasuries are said to have no default risk as the Federal Reserve can always print money to pay off the debt, hidden risks might be lurking. As oxymoronic as it may sound, the biggest risk to the economy and the U.S. dollar might be, well, economic growth! Let us explain. Words: 2065; Charts: 1
Read More »U.S. Dollar Index Takes a Breather on Way Down & Through Its Support Line – What Will Tomorrow Bring?
The U.S. Dollar Index took a breather on Thursday on its apparent way down and through its support line of 79.00 closing the day at 79.26 vs. 79.27 on Wednesday well below its 50 day moving average of 80.16.
Read More »Gold Miners (GDX) Weakens Even Further – Is Now the Time to Buy?
The GDX has declined 17% during the past 3 months (3.5% in the past month) and has continued to decline over the past week. It has smashed through the 50-day moving average and the 200-day moving average. Nevertheless, given all the enthusiasm for the future price of gold (and silver) might this well be the time to hold one's nose and buy in before it makes its expected move that would turn the present stench into that of perfume?
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