Taking a Breather

Taking a Breather After a very impressive rally in the precious metals over the last week, all four were taking a breather yesterday (Tuesday) as they consolidate and become accustomed to these higher trading ranges.  It would not be surprising to see a bit more of a

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Silver Breakout Imminent – But Which Way?

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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Central Banks on Buying Spree

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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My #1 Biggest Mistake

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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