Louis Paquette

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...;-)

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!

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?!

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.

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.

Own Gold? Time to Fold

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

Don't Give Up on Gold Just Yet

Re: the chart above - the overlay I referred to did not work! Trust me though, both the Bull and Bear ETFs HGU AND HGD are down big time. Which adds insult to injury. The bear ETF should be up.

Don't Give Up on Gold Just Yet

Gold has held up relatively well. It's basically flat over the past 12 months in a market when most everything has been smashed.

This bigcharts.com 12 month chart shows the zero gain. It's the gold stocks which have performed miserably. Look at the ETF overlay - HGU - down over 60%....ouch.

bigcharts.marketwatch....

Hopefully when gold does finally start moving north again the stocks will outperform to the upside as they have done to the downside.

The question is when will this begin to happen. How long do we have to wait. It feels like an eternity right now..

SPDR GLD ETF Unloads 79 Tons of Gold - Should Investors Follow Suit?

Let's see now. Major financial institutions are collapsing by the week in the U.S. South African gold production is falling by double digits on an annual basis. Major gold producers aren't replacing their reserves and can't grow their production.

The result - the US Dollar is soaring and gold is collapsing.

Yep, that makes sense alright.

SPDR GLD ETF Unloads 79 Tons of Gold - Should Investors Follow Suit?

At the current rate of decline, gold will reach a dollar in about 7 weeks.

I'm putting in a stinker bid at two bucks, GTC. Please don't bid above me.

Is the 'Commodity Super Cycle' Dead or Alive?

Paul and Shark,

Gold will remain a currency and survive as a storehouse of value as it has done for centuries. If anything - it is the U.S. fiat currency that will not.

IMHO

Sell Gold in May and Go Away?

Try "sell in May and come back by August"

Gold normally rebounds in September when fabrication buyers get active again. Selling in May and going away until October doesn't work. Try the same table above buy buying back in August and you will see the wisdom of the seasonal trade if done correctly.