GMiki1

IMF Sells 200 Tonnes of Gold to India for $6.7 Billion

And right this minute, I'm watching both precious metals jump. Got gold?

Commodities: How to Trade Like Goldman Sachs

Is Goldman really bearish on gold and silver or is it manipulating gold and silver prices the best it can because of enormous short positions? And even if Goldman were bearish on the PMs, which I don't believe for a second, would that position be correct with India just buying 200 tons from the IMF?

Hold That Gold!

You'll have a long wait in alternative energy. Where's the infrastructure? Silver and gold for now, plus oil.

In Search of Elephants: Purchase or Perish in the Gold Mining Industry

NAK's Pebble project in Alaska is 94 million ounces of gold plus copper, plus...--but it already has big partners.

Silver Futures Show Markets Are Acting Strangely

They're hedgers? Meaning they're producing silver and hedging their production? I don't think so. They're manipulators, pure and simple. Where are Gary Gensler and the CFTC and reform?

The Yin-Yang of Deflation and Inflation

I, too, have listened to the endless arguments. While money supply was growing, I thought the inflationists had clearly won. Now money supply is down and I'm not so sure. Maybe deflation now, inflation later. But, at any rate, one must be in precious metals since they represent the only stability possible for savings. Gold at 500 would be fine it it's complete deflation and everything costs much, much less. The point is that the PMs maintain purchasing power in an otherwise uncertain economic environment. Dollar "strong" against other paper currencies, or weak against stronger national monies. Whatever. What else can you do but be in hard assets?

Sold Gold

What do you move to is a very good question and one reason why gold and silver will move higher. I sold oil and made some money, but here it is back up again. :)

Sold Gold

I wouldn't sell at the start of a powerful wave up because of a tiny correction. Yes, I've sold things early and have been sorry. Look, today is stronger for both gold and silver. Anyway, yesterday, I bought more silver. The point here isn't just to make some money but to protect yourself for the longer run, which may be not so pleasant.

Today in Commodities: Avoid Crowded Trades

Long metals may look crowded, but that doesn't mean it's wrong, especially now that we have a small pullback and if you sold a little on strength. I noticed that last Thursday/Friday were a bit weak, too. I think that's partly because traders didn't want to go into the long weekend long, but also, there may be some suppression so the week doesn't close too high. Just a thought. :) At any rate, in the long run, these prices will be low. I don't think silver is going down to $16, but who knows.

Does the Good News Point to a Market Top?

What high and low are isn't always that clear. Not everyone has bought the PMs yet. With a further collapse, yes, everyone will jump in. That's the fundamentals, but you also want to look at the technicals, and the technicals seem to be saying that gold will be up another 20 percent or so in the next few months. I don't trade gold and silver--I buy and hold both physical and now the new Swiss ETFs. I haven't heard any negative comments on these yet: SGOL and SIVR.

Today in Commodities: Suspend Your Disbelief

The dollar can strengthen along with strong gold. Ah, yes. Because many traders know a stronger dollar doesn't mean more purchasing power. Anyway, the dollar isn't strengthening and the federal government doesn't want it to. As for silver, I have a lot in silver, but yesterday it was a tad weak. It's going to shoot the moon--we just don't know the timing. On anything. Nothing goes straight up. But sometimes it seems to.

Uranium's Tough Outlook

URRE, Uranium Resources, is a producer. Bayswater is a significant, non-producing junior. I hold shares of both, plus DEJ, also a nat gas producer, and Pele Mountain, also a gold explorer.

Weekly Street Sentiment: Sell Side Loves Everything and Everybody

Got to put your money someplace.

Gold at New Record Nominal High; Comex Open Interest Below Recorded Levels

Apparently (where did I read this? a Kitco column?) there was *another* COMEX gold near default when buyers demanded large deliveries. The shorts offered a 25 percent premium above spot to make a cash settlement, but that was refused. Two central banks scraped together some gold thus saving the big bullion banks from defaulting. I see silver is down today--worth buying a little. :)

Energy Crisis Postponed: New Gas To The Rescue; U.S. May Return to Near Energy Self-Sufficiency?

I will hold my enthusiasm in reserve until I see verifiable evidence that this is the case. Gas wells seem to deplete quickly; shale gas seems expensive to extract. Cars will need to be able to run on natural gas, which is fine and possible, but I haven't seen it developed to fruition yet.