‘Market Volatility’ Archives
$1750 Is Now Support For Gold
READ THE FULL NEWSLETTER So near, yet so far away. Silver crossed the $34 barrier but still needs to close above $37.50, and then it is set to really take off. Gold has crossed one of its next two key hurdles. $1,750 is now support (instead of resistance) and the big $1,800 lies ahead. From there, gold turns its attention on its [...]
2012 Price Predictions for Gold & Silver
READ THE FULL ARTICLE Be sure and read every word of John Embry's speech that leads off today's daily. He is the number one man at Sprott Asset Management and his advice is as honest and correct as you will find, and completely in line with what we here at Miles Franklin have been saying for some time now. This is a CAN'T MISS ARTICLE. I [...]
Gold is mirroring last year’s performance
READ THE FULL NEWSLETTER I have been carefully monitoring gold’s “1-year ago today” change numbers that I publish every day in the opening section. It may seem like gold is going no-where but actually it is mirroring last year’s performance too a tee. Gold has been hanging around the “up $360-$400 range” most every day, this [...]
Rant Topic: The Precious Metals “Anti-Bubble”
Per Wikipedia, “in a stock market bubble, market participants drive stock prices above their value in relation to some system of stock valuation. Behavioral finance theory attributes stock market bubbles to cognitive biases that lead to groupthink and herd behavior.” The first sentence appears simple enough, but that pesky word value [...]
A Challenge to Backwoods Jack
READ THE FULL NEWSLETTER A challenge to Backwoods Jack: I received an email from my friend, Backwoods Jack that was filled with inaccuracies and worse, questioned Ranting Andy Hoffman’s credentials and resume. I shot off a strongly worded email that told him he was out of his mind and that his son didn’t know squat about the precious [...]
Gold has produced a positive year-end gains for the past 11 Years!
READ THE FULL NEWSLETTER Gold has produced a positive year-end gains for the past 11 Years! Last day of the year gold prices: 2000 = $274.00 2001 = $279.00 2002 = $348.00 2003 = $416.00 2004 = $439.00 2005 = $519.00 2006 = $638.00 2007 = $838.00 2008 = $889.00 2009 = $1097.00 2010 = [...]
Two Different Approaches to Precious Metals
READ THE FULL NEWSLETTER Miles Franklin will be closed on Monday and my next daily will go out Tuesday morning. All of us at Miles Franklin wish you a Happy and Prosperous New Year. ___________________________________ The most important information I can send your way today can be found at the following two links: Land of The [...]
Corrections in the Gold Bull Market are Just Part of the Story
READ THE FULL NEWSLETTER First, I would like to tell all of my readers, and I do mean all, that I understand your anguish and concern over what has happened to gold and silver for the past few days. No matter how strong your conviction, no matter how firmly you cling to the “big picture” view of gold and silver, I know you are all upset [...]
Why Did Gold Plunge Again Yesterday?
READ THE FULL NEWSLETTER Why did gold plunge nearly $45 yesterday? Certainly, hedge funds were selling - Could it be a case of end-of-year booking profits? Maybe. Most of the funds operate with short-term thinking. They don't care if gold will go to $10,000 in three years, they only care about today. That makes for volatile markets. Truth be [...]
Possible Reasons Why Gold Dropped $50
READ THE FULL NEWSLETTER Gold remains in its bullish trend and is recovering from its most recent correction. Important support comes in at 1560. Any action above that should be viewed as encouraging. - Richard Russell I could write a long article on how I feel about the economy but a simple picture says it all: Why did gold drop like a [...]
