Things are looking good for the gold bugs these days. September and early October saw the (long awaited) break above $1,000. This past week saw the technical pull back to the breakout point, and Thursday was the turnaround day. Friday saw some very bullish candlestick...
Gold is now safely above the $1,000 mark, and there are two aspects to this, one good, one bad. The good aspect is that $1,000 is now a floor (whereas from March 2008 to Sept. 2009 it acted as a ceiling). The bad aspect is that we are now vulnerable t to a pull back...
“I’m sorry,†Mr. Katz. But I didn’t buy gold when it was below $1,000/oz. as you advised. And now I am afraid to buy because it is too high. What should I do? This question underlines one important fact of the markets. Playing any market does not consist of...
To be completely honest, it is not me who is the greatest. Of course, it is Mohammed Ali who is the greatest. And I may not even be the greatest economist. That honor has to be shared with those few gold bugs who foresaw the break above $1,000 and who kept their...
Gold made a quick dip to the $990 area on Friday and then whipped around to close above $1,000. We cannot completely rule out one final pull back to $960. However, the U.S. dollar is in free fall. So any dip in gold will be very brief. Just above, at the $1025-$1030...
All the scaredy-cats are trembling in their shoes this week as gold dipped below the $1,000 level. Foolish people. Can’t they see that the U.S. dollar is in free fall? We told subscribers this on August 3, when the U.S. dollar index broke 78.20, thus completing a...