silverwood

Gold Price Spike: Don't Call It a Bubble

It appears the fiat paper purveyors who manage perceptions of their paper money's value deem it necessary to keep a control on the price of gold. Their favorite method of price control is massive amounts of paper gold contracts sold short over at the Comex. Looking at a history of gold's bull market, this method appears to not work all the time. What I have observed then is an opposite strategy where constraint is withdrawn and the gold price is encouraged to rise in a parabolic blow off top and then followed by a period of consolidation. We are not yet into the parabolic phase but it is quite possibly coming shortly.

Riding the Gold Wave: Is a Correction Coming?

When the Banking Cartel's bullion banks go up again foreign governments, ie India's Central bank, their prized method of price discovery over at the Comex, which is massive paper contracts sold short, will be undermined by physical supply removal.

Will Gold Reach $1,200 by Year End?

Looking at a longer term weekly chart of gold, gold moved from a high of $730.40 to a high of $1033.90 in about two years time. That was a $300 increase. So if history does rhyme then it should blow off parabolically around 1 qtr. 2010 at about $1330. So it is quite possible to be in the 1200s by the end of 09. It certainly appears to be gaining the necessary momentum to make this move possible.

Why a Gold Bug Isn't Buying Gold Now

I agree with the author that a US$ rally(shorts covering) is quite possible near term, resulting in stocks, commodities, etc pull back. Nothing moves up or down in straight lines.

What's CNBC's Problem with Gold?

In his book The Creature From Jekyll Island, G Edward Griffin wrote that the banking cartel invested their profits in politician, Universities and media publications, etc. CNBC is a fine example of their handy work in action. For generations they have been shaping perceptions, but the best laid plans often go awry as they haven't got control of the internet...YET!

Silver's Strength Waning

I am going to patient with silver. My intuition say that silver will be trading at much higher prices in the not too distant future. So in the meantime if the price gets relatively cheap in the near term I will go shopping for some of my favorite silver coins. Yep pateint that's what I'm gonna be.

Why the Dollar Has to Weaken for a Rally to Continue

Good article and I got a good laugh from this...King Chit of Turd Mountain (KCTM). I generally agree with the authors views. The US$ has to weaken for stock and commodity rally to continue. The fed knows this and plays the deflation card to slow markets to keep things from moving too fast. The Fed is in a pickle and they will sacrafice the $ but in a controlled move down.

Falling Equities Still Key for U.S. Dollar

Thanks Ashraf, for another good article. I would like to add to your comment " Verbal support for the dollar at the G7, pre-earnings selling in stocks and artificially strong subscription in this week's treasury auctions will do the trick to stabilize the dollar for now." Also keeping gold below $1000 and from making a new higher high from that of March 08. Bottom line the Fed has to pull a rabbit out of their hat to keep USD$ from going down and testing the 72 level.

Is the Correction in Gold and Silver Over or Just Beginning?

In brousing about the internet I have read many articles from technical traders about gold/silver and US$ current situation. My take on this is this $1000 level or gold making a new higher high is being fought by those forces opposed to gold. These forces must defend the US$ for that is their strength. They have the ability to steer markets in whatever direction they need on a short term basis. This in turn paints the charts for technical traders using them to support their direction. Also some well placed media spin will be used to support all this. If one is nimble enough you could play this with various paper gold/silver instruments. Meanwhile I am patiently waiting for gold's new higher high which just matter of when and not if. Stay long all physical gold/silver position.

The Horns of a Dilemma: What Lies Ahead?

Congrats on your boy's driving accomplishments. Your little boy will never be gone you just have to be able to see him inside the man your boy is growing into. As for our economic dilema trying to tinker with the controls of a failed system(read monetary) will never be successful. It would be better to remove government from free markets and let free capitalism work by itself.

Oil: The Price Is Right

Good article I especially like this, Disclosure: Long PVX, PWE. I would like to a recovery in Nat Gas prices to an area where companies like PWE and PVX are comfortly profitable. This would bode well for a restitution of distribution level which is one the reasons to own the Canroys.

Precious Metals: Too Far, Too Fast?

You point out in your silver chart on the RSI where silver poked above 70 entering overbought condition. This is generally a good place to take some profits. I have seen many times thought, in other markets, where RSI stayed overbought for quite some time and if you were to have sold early you would have missed the best part of the move.

As Cool as Silver

BUY SILVER AND COME OUT SMELLING LIKE A ROSE!

Will $1,000 Gold Signal a Rush to Buy Juniors?

Well I've been on this absolutely wicked roller coast ride owning junior explores. I've been on one heck of downslope and it looked as if I'd never survive , but low and behold it appears that I'm climbing the next hill. Could this be the big one?

How Much Gold DO You Need?

As far as how much gold to own I am assuming that this is for physical gold only and that mining equities are of another matter. So with that said IMO at least 20% of ones wealth should be allocated to gold/silver in these current times.