Jordan Roy-Byrne, CMT Speculating and investing in this sector is difficult. It is a far more difficult industry than others and that is why companies continue to struggle and fail even with the luxury of high metals prices. We’ve written extensively about the recent major bottom in the precious metals sector and the very positive [...]
“You can’t feel the heat until you hold your hand over the flame. You have to cross the line just to remember where it lays.” ~ Rise Against. “Satellite” Lyrics ~ Friday morning traders and market participants awaited the key January employment report from the U.S. Bureau of Labor Statistics. The reaction to the supposedly [...]
Gold Scents Once the stock market begins moving down into its intermediate cycle low it will almost certainly force another rally in the dollar, possibly (probably) back to new 52 week highs. That should, at the very minimum, pressure gold to retest the December lows, and if the selling pressure from the stock market is [...]
StockTiger GLD had run right up to the top parallel channel trendline before Friday’s dip. The GDX gold miners ETF 60 min chart closed just at former resistance, now support and the 50 period EMA for short term if you are long GDX you may want to watch this chart. If it drops under this [...]
The Daily Reckoning By Bill Bonner 02/03/12 Baltimore, Maryland – Dow down slightly yesterday. Oil falling further below $100. And gold still going up. What is most interesting is the movement in the price of gold. It seems to be heading up again — almost no matter what else is happening. So, let’s look at what [...]
Stephan Bogner February 3, 2012 Between 1980 and 2000, the gold price movement was dominated by the blue triangle (see chart below), whereas a so-called BREAKOUT had already started in 1993 when breaking above the upper-most blue triangle leg at approx. $350 per ounce. For the next six years until 2000, the price did a [...]
Tim Iacono Some interesting developments in the efforts by some U.S. states to return to some form of sound money can be found in this CNN/Money story that brings readers up to date in the New Year after a flurry of activity in 2011. Most interesting is the Utah initiative that could be on its way to [...]
– Posted Thursday, 2 February 2012 | Gold’s London AM fix this morning was USD 1,747.50, EUR 1,326.68, and GBP 1,102.80 per ounce. Yesterday’s AM fix was USD 1,744, EUR 1,327.65, and GBP 1,106.74 per ounce. Gold has seen quite volatile up and down trading in Asia and Europe but within a narrow $10 band. [...]
A SGTreport SPECIAL REPORT featuring Chris Duane from http://dont-tread-on.me/ & David Morgan from http://www.silver-investor.com/. Chris and I explore the 1/10th ounce silver payment for a hard day’s labor which was the historical norm for centuries. And how that fractional payment will actually hold true in the future for millions of Americans once silver reaches its [...]