‘Authors’ Archives
Defaults Defaults Everywhere
Read the Wednesday Afternoon Wrap-Up for 5/22/2013 and the Thursday Morning Commentary for 5/23/2013 There’s no surer sign of FRAUD than prices falling whilst supply is falling FASTER; and when it comes to PHYSICAL PMs, it should be painfully clear by now that the supply/demand balance is “tight as a drum” – for both [...]
Gold Will Find Its Real Supply/Demand Value at Some Point
Read the Full Newsletter This morning, the gold market duplicated its strong move up on Wednesday in the Thursday pre-New York hours. Investors finally come to their senses? I doubt it. Probably just JPMorgan letting up a bit. Above $1,400 is where we want to close by the end of the week. $1,478 will solidify the price even [...]
A “Whiff” is all That is Needed
Bernanke signals Fed to maintain stimulus efforts This link was headlined on the Drudge Report as "Fed chairman warns ending stimulus would carry substantial risks." Well no kidding! As I've written many times, "No more QE...no more system," period. Who would step in and purchase $1 trillion+ of Treasury securities that the Fed is [...]
The New York Gold Pool
Read the Tuesday Afternoon Wrap-Up for 5/21/2013 and the Wednesday Morning Commentary for 5/22/2013 I know, MARKET MANIPULATION cannot possibly exist; even though the Fed admits to supporting bonds… QE4-Ever: Fed Announces 4th Round of Quantitative Easing …while distinct GOVERNMENT AGENCIES are mandated to support [...]
A Very Good Quote
"The important thing which every investor needs to understand here is that the Fear based buying potential of the Gold space today is the sum of all the previous expansions, which is potentially the greatest Bull market in human history attempting to fit into one of the smallest and explosive markets in human history...physical Gold is now quite [...]
Either You Believe in Jim Sinclair’s Logic, Or You Think the Dollar will Remain Strong
Read the Full Newsletter It seems like every Elliott Wave technician and deflation-leaning guru has come out of hiding. And they are all very bearish toward gold. They all expect the dollar to remain strong and they expect the Fed to cut back on QE. Could they be right? Well, yes – but they could also be wrong too. Again, I am only [...]
The ORB-Bubble
Read the Monday Afternoon Wrap-Up for 5/20/2013 and the Tuesday Morning Commentary for 5/21/2013 This weekend, I watched the Preakness Stakes horse race; as always, at Pimlico Racetrack in Baltimore. I have never been a horse aficionado; but like most Americans, the excitement of the “Triple Crown” possesses me each Spring. In today’s [...]
A Good Old Fashioned Bank Run
In the old days when money and banks were "real", people would deposit gold or "notes" in their bank for safekeeping. Theoretically banks would only issue an amount of notes equal to but not exceeding the amount of gold that they held. Then along came fractional reserve banking and of course "fiat banking" where gold was taken entirely out of [...]
Gold and Silver Turned Sharply Up; A Rare Reversal
Read the Full Newsletter I watched gold and silver get pummeled Sunday evening. It was pretty revolting. The boyz love to overwhelm the market in the wee hours of the morning in the thinly traded after markets. They hit the metals with everything they had – and then suddenly, gold and silver turned sharply up, a rare reversal, and they [...]
Another Gold Take Down With A Twist
Gold and silver reversed some of their losses yesterday. The silver supply is still tight. Andy Hoffman spoke to Kerry Lutz of the Financial Survival Network about another credit downgrade by Moody's, US debt, and the metals markets. Andy Hoffman – Another Gold Take Down With A Twist
