Right now the financial markets are telling us a story which is so incredible, so fantastic and filled with such opportunities for profit that I am in awe. I can only remember two comparable opportunities in my lifetime, the bottom in gold at $35/oz. in the summer of...
Well people, it was a bad day on Friday. Barchart reported that the Dec. gold contract went from 1227 at its Thursday high to 1147 at its Friday low – an eighty point difference in a single day. And yet there be rumors floating through the dark alleys of the Comex...
My first financial newsletter was called “The Speculator.†My dictionary defines speculate as: “to engage in thought or reflection;†“to buy and sell commodities, stocks, etc. in the expectation of a profit through a change in their market value.†from...
“Selection of gold as our state mineral is acknowledgement of the intimate part it has played in the history of our people and of the fact that mining is a major California economic activity.†Governor Edmund G. Brown, Apr. 23, 1965 (signing legislation...
The gold stocks caught on fire over the past fortnight. They have lagged behind the metal in relative strength, but, since they are more volatile than the metal, bigger profits are the result. For example, gold is well above its early September levels, but the XAU and...
On November 4, gold pulled back to $1025, and that was the turn. It gained 75 points over the next 6 days, including a 30 day whopper when India bought 200 tonnes of gold from the IMF. On Friday, $1100 was breached (interday on the Comex, Dec. future). Is it too late...