Louis Paquette

Over the Past Few Days, The Story's Been Gold

No idea why gold is up sharply?

I can think of at least three immediate reasons:

1. Chinese encouraging citizens to own it + 2. Seasonal weakness about to turn to strength after Labour Day + 3. Large short position = Major Rally! Panic covering by shorts?!

Over the Past Few Days, The Story's Been Gold

I forgot to mention 4. A very favorable chart formation (large triangle that broke out last Friday and now an even larger ascending triangle that will break if/when it hits over $1030 or so. I would NOT want to be short right now!

Live Discussion: Treasury's Bank Recovery Plan

The Chinese are suggesting a substitute should be found for the US Dollar as the world's reserve currency. Trillion dollar per year governement deficits are being forecased.

How long before the Dollar crashes?

Should We Really Bail Out the Big Three Automakers with $73.20 Per Hour Labor?

"U.S.‐based auto manufacturers, in conjunction with the UAW, have taken major actions to restructure their business to be fully competitive."

Gigi - with all due respect - if they are "fully competitive" - then why are they demanding handouts?

Your assertion these companies and unions are "competitive" is ridiculous!

Is Gold Bound to Fall?

"Longer term, Charles sees a newmajor bear market beginning in 2013 that will take both stocks and bonds to new lows www.madhedgefundtrader..."

John,

I absolutely believe Charles' view for 2013 for demographic reasons, will go listen to the interview now, great looking site you have, great Guests (i.e.: Fleck).

Louis

Over the Past Few Days, The Story's Been Gold

Sorry, that's "Gold" in the second line above, not "Golf" (where the damn "Edit" button when you need it?;-))

Over the Past Few Days, The Story's Been Gold

I love the way my (stubborn) investing pal, whom I have a coffee bet with (loser buys the winner a Starbucks gigantic grande late' with cream on top) figures Golf can't go past $1,000 because it tried to several times and failed, (the old, rear view mirror approach) and that the Short-sellers "won't let it." BWAHAHAHAHA!!! I claim it makes new highs this year - he's betting it won't. At the current rate, I will win before the month is out...;-)

Why the Time Could Be Right for Gold Mining Stocks

Frank, we missed you at the Conference in Vancouver on Sunday and Monday. Everyone was so pessimistic. We could have used more of your positive outlook.

Disagreeing with Garty: We Are Long Gold

Gartman publically declated he had shorted at lower prices. My guess is given another $10 higher, that he will cover. Which should drive the price another $10 higher when his massive following cover their short positions. Which will make the chart look beautiful.

Can gold make nominal new highs though during this period of seasonal weakness is a challenge. You hate not to be long though because the US Dollar looks terrible. It just broke a major uptrend and appears to heading south with the budget deficit estimated to come in at $1.8 TRILLION this year.

The Bubble of Uncertainty Is About to Burst

terryg8 - excellent post!

Own Gold? Time to Fold

Don't look now, but it looks like the US Dollar Index has broken down. Good for gold.

Crude Oil Prices: Bears Will Soon Win Out

Everyone should definitely go "on strike" to the best of their ability and stop driving as much as possible for a month and see what happens.

Just imagine if enough people did that.

Consumers in the driver's seat for a change...(excuss the pun).

History Lesson: September Is Best Month for Gold

I've always been a big believer in gold seasonality, even if it didn't work too well last year (not much worked well last year mind you). Looks like it's setting up for a break over $1,000 to new highs this year though. Nice bar charts Frank!

DiamondLou

How High Can Gold Go?

The author made an incredibly accurate call months in advance! He said it should need to come back down to around $730 and that's exactly what it did.

I would like to know what he is saying now...

Gold Will Shine in 2009 (Part II)

Bill Murphy of Gata celebrated their 10th anivesary tonight, given an award by none other that John Emery of Sprott at reception during the Cambridge House Resource conference in Vancouver.

Given some follow through from the action friday, my guess is Bill along with other gold bulls will have more to smile about in the days and weeks to come.

Congrates to Bill and everyone at Gata.