All gold bugs have fond memories of the year 1979. In that year, the price of gold rose from $250/oz. to $600/oz. The reason was not hard to find. Prices in the U.S. that year rose by 13.3%. The newspapers were screaming, “Double Digit Inflation.†Gold was going...
The events of the last few months have been far more important than I had originally given them credit for. The bottom line was when a group of European nations, together with the International Monetary Fund, gave loans to Greece to pay off the rioters. That very day...
Oh, traders smart put out the buys. The price of gold is on the rise. The price of stocks is very grey. They sell in May and go away. So gold bugs have a smiley face. It rises at a rapid pace. But stock bugs have a face that’s long. And that’s the message of my...
I’m a little gold bug short and stout. Fill me up, I’ll tell you what it’s all about. Gold above 1200, smiley face. All the world stock markets, losing face. In Greece they are a bunch of jerks. They cannot even conquer Turks. When Greece had standard based on...
A discourse on the price of gold. The price is ready to explode. The signal came 4-30-10. To tell you news, I take my pen. Here we see the daily basis chart of gold for the past 6 months. This shows a head and shoulders bottom, one of the most widely known chart...
Many a weekend since the beginning of the year has been occupied by a “crisis†in the euro. But this weekend’s “crisis†seems to be the mother of them all. As such, it will probably put an end to them, and the gold market will pull out of its funk and resume...