Silver Breakout Imminent – But Which Way?

On July 31, 2012   /   General Market, Silver  

Silver Breakout Imminent – But Which Way? Silver is setting up for a breakout very soon.  In the graph below, we have a ‘declining wedge’ formation – typically very bullish.  Silver will eventually penetrate the support (lower) or resistance (upper) red lines.  It has to and it

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Can We Find More Gold?

On July 26, 2012   /   General Market, Gold  

Can We Find More Gold? Gold prices are slated to go higher, much higher.  One of the many reasons is the fact that we are not replacing the gold reserves that we are depleting.  As a result, there is less gold per capita being mined.  And the

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Central Banks on Buying Spree

On July 25, 2012   /   General Market, Gold, Silver  

Central Banks on Buying Spree Central banks are buying more gold than any year since 1964. Why do central banks buy gold?  Because they know that gold is the only protection for their reserve deposits against the relentless printing of all world currencies, including their own. Now,

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Gold and the Wedge

On July 20, 2012   /   Daily Market Watch, Gold  

Gold and the Wedge Gold looks set to yet again take on the lower boundary of resistance just above 1520.  It would be good at this point to break 1600 -1620 – 1640. This will then cement in place the prior low on May 17th and more

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My #1 Biggest Mistake

On July 18, 2012   /   General Market, Gold, Silver  

My #1 Biggest Mistake The one mistake, that I have made more than once, was being hesitant to buy when the market was down.  Take for instance in 2008 when silver fell from essentially $20 to $9 (see chart below).  Candidly, I was eager to buy at

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