‘David Schectman’ Archives
Trading the gold and silver market is best left to the Pros
READ THE FULL NEWSLETTER Round numbers are important. Gold closed ABOVE $1650 today. Let’s take every small victory we can. Andy Schectman, Andy Hoffman and Michael Spector are out of the office all week, in San Diego at the Casey Conference. Ranting Andy is still writing from San Diego. The Cartel is busy at work again this [...]
Think Like the Chinese Do – Buy Gold on the Dips!
READ THE FULL NEWSLETTER Think like the Chinese do - and the Indians and the Russians and the Arabs. They welcome the frequent and staged gold and silver takedowns. They buy the dips. They understand the way the game is played. Do you? Do you buy the dips? Instead of getting angry and frustrated every time the Cartel takes down gold and [...]
Money Printing and the Debt Crisis
READ THE FULL NEWSLETTER An example illustrating more truth than fiction: Suppose you discovered an envelope jammed behind the drawer of a family heirloom. In it, your great Grandfather had placed $40 in the form of one $20 bill and one St. Gaudens $20 gold coin. Which preserved its purchasing power? Here are three must see videos. [...]
Gold Up or Down?
READ THE FULL NEWSLETTER Silver has muscled its way back above $32 and gold has its work cut out as it attempts to retake its 200-day moving average at $1,681.08 and then $1,700, but it is moving in the right direction. Platinum and Palladium are also moving up and so are the mining share indexes. The dollar is pulling back to just above [...]
Ignore the Day to Day Noise and Hunker Down for the Payoff
READ THE FULL ARTICLE I asked my friend Trader David R where the bottom is, after today’s mauling. He replied: Technically it looks like we could test $1,555.00. That is my level where I will sell my kids, my house, my wife and buy as much gold as I can! I think we are going to soon see the levels of a lifetime to buy..... as Bill Gross [...]
For the First Time in 6 months, Platinum is Selling for More Than Gold
READ THE FULL NEWSLETTER On Monday, I was working on my 2011 taxes and I found an invoice for a Platinum Eagle purchase I made on December 9th based on spot $1492. Out of curiosity, I checked the price of Gold on December 9th and spot gold was $1709. Platinum was $209 LESS than the price of Gold, which coincidentally, was the largest negative [...]
8 Hand-picked Articles You Don’t Want to Miss
READ THE FULL NEWSLETTER I'm taking the day off from writing, but there are plenty of hand-picked articles for you to enjoy in today's daily. Here they are: In The News Today by Jim Sinclair on jsmineset.com: Don't take this lightly as international settlement is the heart and soul of a reserve currency. Dangerous setup by Bill [...]
The Battle Lines for Gold & Silver Are Set
READ THE FULL NEWSLETTER Two events of note took place over the weekend. Daylight Savings Time ended and I celebrated my 70th birthday. Also, silver once again moved above $34 and gold moved above $1,700. $1,764 and $38 are the numbers that are important and we are slowly moving back toward the “real” battle lines. How long will it [...]
Miles Franklin Quarterly Report: Escalation of the Precious Metal Wars
READ THE FULL NEWSLETTER Four times each year, we publish a hard copy quarterly. I am featuring an excerpt from the second issue in 2012, written by Andy Hoffman. Andy "rants" less in these hard copy newsletters and his information is more "timeless," and big-picture oriented. It's good stuff! Read [...]
The Key Numbers for Gold & Silver
READ THE FULL NEWSLETTER The Key Numbers - Let’s start with the 200-day moving average, which usually acts as support (or resistance) for gold and silver. Gold did not remain below its 200-DMA, at $1,678, for more than a moment and it quickly bounced back. (As of 5:00 Thursday morning, gold is over $1,700) But that is not surprising. [...]
