If anyone wants to know why the dollar will soar to new highs, just stop and look at Europe. The gold promoters will claim the bank crisis will make gold soar. But the dollar will soar. France is out to shut down gold sales and has outlawed buying or selling gold for cash. They are […]

Bull markets I have stated many times are 7, 11, 13 or 21. Gold has three very interesting bottoms. The 1999 is the intraday low. 2000 is the lowest yearly closing. Then 2001 produces the lowest quarter closing. This is an interesting set up that is rare to say the least. So effectively, both the […]

QUESTION:    I’m a reader from China and one of the big fans of you in our country. I want to ask you a question and would be very happy to get your reply. If my memories are correct, you have been a bull of China and praised Chinese leaders for their competence. But in reality, […]

Three regional Federal Reserve officials have called on the central bank to stop buying mortgage-backed bonds, citing the recent improvement in the U.S. housing market. Indeed, the US economy has improved and the rise in the stock market has the talking head talking to themselves in disbelief. The 800 pound monkey remains the German elections […]

The trend in the hate mail is getting interesting. Now just the typical mantra concerns how money has to be tangible like some savings account yet investments will rise freely in terms of this money and of course wages will also rise while money is fixed and always valued the same. Not sure exactly how […]

The Dow keeps pressing higher as the talking heads keep questioning why. Gold presses lower and Gold is below the 1400 level. A closing below 1402.50 on June today for gold will keep it vulnerable to the downside. If we get to retest the 1321 area, that will be extremely bearish and warn that new […]

We are in one of the most complex conundrums in financial history. On the one hand we have vast amounts of cash that creates tremendous liquidity with interest rates at virtually zero, G7 finance ministers at least alarmed about the high level of liquidity yet it is becoming obvious even to them that monetary policy can not […]

In June Gold, a closing below 1439 will keep gold in a vulnerable position where support next week will be at the 1385-1400 level with still resistance at 1476 even becoming firmer. In silver, the support lies at 2250. A daily closing beneath that will signal new lows ahead. The day of the high for […]

QUESTION: What about the gold inventory decline. Is this not significant? ANSWER: No. The inventory at COMEX has always been volatile. Inventories rise and fall without any leading indicator to price. Supplies will shift also between London and New York. Inventories dropped sharply after 1980 as well. Manipulators often play with the inventories of all […]

Gold trades technically not fundamentally. Why there are so many gold promoters selling fundamental gibberish is amazing. To me this is suspicious. They are so desperate to get people to buy and have no regard for their financial survival. Here is SPOT gold back to 1975 on a quarterly basis. All the same fundamental nonsense […]