Gold Scents Amazingly enough…or maybe it’s not so amazing, every time gold corrects we see the conspiracy theories flying thick and heavy. I’ve questioned these theories I don’t know how many times and I have yet to receive a logical answer. Now that I think about it, I don’t believe I’ve ever received any answer. [...]
Gold has been trading sideways/down since December. I see this large 5 month pullback as a bull flag and expect to see much higher prices for gold long term. But I don’t count my eggs before they hatch, so I continue to focus on the daily and intraday chart patterns for low risk trading opportunities. [...]
The “Super Cycle” in Gold and How It Will Affect Your Pocketbook in 2010 Before you make another move in gold, watch this video. There are going to be some extraordinary opportunities in the gold market, but only if you know what the “super cycle” in gold is doing. As we have seen lately, gold [...]
Tim Iacono As usual, when the gold price languishes for a while, it tends to get bashed by those who don’t understand it and think that, surely, after ten years and a 300+ percent gain, there can’t be even higher prices in store. But, as shown below in the Kitco Gold Index, that feeling is [...]
Gold Scents Since March of 2000, the stock market has been and continues to be in a secular bear market. Beginning in March of 2009, the stock market entered another cyclical bull market. This means our current stock market is in a relatively short term bull rally within a much longer term secular bear market [...]
By Jeff Clark, Senior Editor, Casey’s Gold & Resource Report On February 24, Reuters reported that the Reserve Bank of India was “set to be a buyer” of the 191.3 tonnes (6.74 million ounces) of gold the IMF is selling. Although the bank wouldn’t comment directly on the possibility, they did say, “We are closely [...]
Gold Scents The rally out of the February intermediate and yearly cycle low has now traveled far enough and long enough that it is due to take a short breather. That breather would be in the form of a short term pullback into the midcycle low. The initial move out of the July intermediate cycle [...]
When the tech bubble burst in 2000, Greenspan tried to “fix” the problem by cutting rates and printing money. Fix the problem he did … well sort of! What Greenspan did was create two new bubbles in the credit and real estate markets to replace the tech bubble that had burst. Millions of jobs were [...]
The Mess That Greenspan Made It wasn’t much, but yesterday’s addition of 4.6 tonnes of gold to the “tonnes in the trust” at the world’s most popular gold ETF – SPDR Gold Shares (NYSE:GLD) – was the largest one-day addition since the middle of December. As compared to last year at this time, there’s not [...]
From the 2001 beginning of the great secular bull market in gold, price has followed a predictable ABCD wave pattern. This pattern has since played out five times. And on each occasion the C-wave has provided a spectacular performance. Gold’s C-waves of 2002, 2005 and 2007 yielded brisk gains of 18, 61 and 41%, respectively. [...]