$750 or $1,500 Gold?
August 8, 2008
After a run from $250 to $1,000 and a few months in the trading range of $850-$950, gold sits at a very precarious position, as well as many commodities- can you say OIL? Anyone who is holding on to gold, silver, or precious stones at this point has considerable short term risk. Continue Reading »
Golden Recovery
July 14, 2008
For those that have written off the commodities market and especailly gold (like Mahendra) and been long on the US$, things ar not going well. As I’ve written for nearly a decade now, GOLD is on a bull run and it’s not over by any stretch of the imagination, though there can be serious seasonal hits from time to time. In the last few weeks gold has charged fro $850 to $975. Continue Reading »
Gold Resumes Climb
June 30, 2008
After hitting $1,000 an ounce, gold backed off as is usually the case when a major psychological level is hit. Gold dropped back to the $875-$900 tradning range until last week. With the price of oil going up and the European Union considering raising interest rates, pressure on the US$ is great indeed. Thus gold is trading in the $925 range now. Continue Reading »
Gold Correction
April 1, 2008
As is typically the case when a new psychological level is reached and breached, there’s a backing off, taking of profits, and a consolidation. So too with gold. Gold shot through the $1,000 level and has been backing down in wild gyrations for the past 2-3 weeks, barely staying above $900 after today’s $20+ drop. Continue Reading »
Trillion Dollar Meltdown
March 31, 2008
This is one big hole that the Fed has dig and then the Fed wants to come in and correct the mess that they’ve made. How cool of a paradigm shift, blame shift, is that anyway? Right after 9-11 the mantra was not let us forgive our enemies, not let us immediately go bomb someone (though we ultimately did), it was the GO SHOPPING cry and the charge was led by the president of the United States. And now we have what looks to be a one trillion dollar meltdown. Continue Reading »
Wall Street Woes
March 30, 2008
The Federal Reserve announced Friday it will auction another $100 billion in April to cash-strapped banks as it continues to combat the effects of a credit crisis. The central bank said it would make $50 billion available at each of two auctions, on April 7 and April 21. Wall Street woes continue and gold will keep going higher as a result. Continue Reading »
Stock Market Game
March 19, 2008
Fewer and fewer people are in the stock market game, just like more and more people are having their homes foreclosed. Brokers want YOUR MONEY. Stock brokers make money when you buy and sell stocks. The story line, the stock market game is that you can make money when the market is going up and you can make money when the market is going down. Yes, and miracles happen- every now and then! Continue Reading »
Inflation Rates
March 18, 2008
Wholesale prices rose again in February as another hefty increase in energy costs. You know the cost of living is going up fast every time you go to fill up your car. Putting $5 or $10 in at a time barely lasts a day now. And then when you go to buy groceries, you’re tapped out. Is there any wonder people are having their homes foreclosed? People have to get to work and eat. Those are priorities that are higher than living in a 3-4,000 sq. ft. home! Continue Reading »
Interest Rates
March 18, 2008
The Fed announced a surprising Sunday night drop in interest rates- a 25 basis point drop. They did that tyo hopefully keep the markets from tanking after the Bear Stearns news. It worked for a day. The Fed meets today and the only question is how much further will they reduce interest rates. Will it be 50 basis points or more? Continue Reading »
$1,000 An Ounce Gold!
March 13, 2008
It was inevitable! Gold was the ancient metal, the lousey investment, and the one thing that almsot all brokers would tell you to not buy. They would make the comparison that gold had gone from $850 three decades ago, to $250. But, the other truth is that gold has gone from $250 just seven years ago to over $1,000 with no ceiling in sight. Continue Reading »
$1,000 Gold Tomorrow?
March 3, 2008
With gold now within single digits of $1,000 an ounce ($991) you can be sure the psychological pressure is on to get there, not get there, and progress beyond there. How did this happen? Gold was the tarnished metal that everyone had abandoned. It wasa floundering at the $250 level, but thanks to wars, inflation, and an inept Federal Reserve gold does really SHINE when it comes to investments. Continue Reading »
$1,000 Gold In Sight!
February 27, 2008
Gold rose to records in London and New York and silver to new historic highs and silver gained to a 27-year high as the dollar’s all- time low spurred demand for precious metals as a hedge against inflation. Is the next stop $1,500 in a couple of years? Rememebr not too long agao when gold was $256 an ounce? Continue Reading »
Gold Jumps Again
February 20, 2008
The last two days has seen an incredible jump in the price of gold (and silver). After walking around in a $900-$920 trading range, gold brok out Tuesday with a $20 bump. Today gold opend down $11 and then the consumer price index came out- HIGHER! Gold loves INFLATION! Even while the US$ was much higher on the day too. Continue Reading »
$650 To $920!
February 15, 2008
Gold has gone up $270 an ounce in the last six months! And golod is up 37% in the last year. Meanwhile, we’re told that “gold is volatile” and “gold is dangerous” and “gold is overbought” and “gold is too expensive” and “when gold is over 900 dollars, jewelers can’t sell gold jewelry.” Again, it’s all just jaw-boning from brokers who want to make commissions off of selling you stock!
Gold has been consolidating for the las months.
Gold has been battling against the doubters and know-nothings for the last eight years. The great mass of Americans still prefer fiat paper currency to real money. But that will change somewhere ahead. When that changes, we’ll call it the third phase of one of the greatest bull markets in history. We’re not there yet, not by a long shot. Meanwhile, gold continues its silent war against “printed wealth.”
Visit Our Sponsors...
Advertisements
