Tag Archives: gold

Gold may be set to nearly double from current levels, but it didn’t drop in a straight line and it won’t return to (and surpass) its previous highs in a straight line, either.

This ten minute interview with Eric Sprott is excellent and worth your time. He makes the best case I have heard or read recently about why the financial fundamentals are so good for precious metals...both physical gold and silver and the good mining stocks. It is really worth listening to.

A more aggressive devaluation of paper currencies is on the horizon thus the whole PM Complex is completely underpriced. Averaging in from this point on seems warranted. Below is a full explanation as to why that is the case.

Ronald Stoeferle takes an holistic view on the latest developments in the gold market laying out the fundamental arguments why the gold bull market remains intact and concluding, based on conservative assumptions, that the long-term price target for gold is $2,230.

Not one Precious Metals guru has gotten anything right in the last 18 months. All have been calling for considerably higher prices. Over the past several months none called for sub-$1,300 gold and sub-$20 silver. Crystal balls do not work and never have. When it comes to markets, anything can happen [but the charts convey that] there is no apparent ending action suggesting a selling climax or even a cause for a reaction rally. Take a look.

Charts provide certainty, for they are absolute and the final word at the end of day, week, month, etc. There can be no dispute over a bar’s high, low and close, plus the volume, for whatever the time period under consideration. There is a high degree of logic within them and, while there can be differences of opinion over their interpretation, establishing a fixed set of parameters can mitigate most any potential dispute. So just what are the charts saying about the current trend in gold and silver? Let's take a look.

People ask me all the time where the price of gold is headed. I do not pretend to know, especially in the short-term. However, I understand the fundamentals and Roubini clearly doesn't, nor does he have a clue about money or what causes economic growth...In fact, having just read Nouriel Roubini's seven point analysis on the Bursting of the Gold Bubble, I am of the opinion that he doesn't get even one of the seven points correct. In this article I offer a point-by-point rebuttal.

Silver is less predictable than gold. Its ups and downs are far more pronounced than gold's and occur with greater regularity and its declines are far more damaging. That unpredictability makes silver no longer worth the risk...

It wasn't so long ago that irrational exuberance over the housing market had seized investors' logic, and the same thing is happening to US stocks right now. Fair-weather investors are abandoning gold equities and jumping into the US market in the hopes of making an easy buck, just as people bought property near the housing peak hoping to flip it before those adjustable-rate mortgages reset... My advice: don't gamble your savings on the hope that there will be a greater fool who will come along and buy your inflated assets at even higher prices.

The Pebble Mine Project is a world-class copper, molybdenum and gold deposit in Alaska with the potential to employ over 16,000 in high-paying jobs across a wide range of industries for 30+ years boosting the state ecomomy and generating significant tax revenues in the process.