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  • Where Does The SPDR Gold Trust ETF Bottom Out? [View article]
    In the last six months, the American dollar has gone up 7% while gold has dropped 7.5%. During that same period, gold has gone up in almost every other currency in the world. Obviously, gold's 'weakness' is apparent only to our inward looking American friends who sometimes have trouble looking at anything beyond their borders. Another big push up in the dollar will almost certainly push gold prices down, but only to those buying with American dollars. Keep in mind that the inverse relationship between gold and the dollar is linear only when there is no real change in the demand/supply equation.

    Demand for gold is pretty much at an equilibrium at this time and accordingly, further appreciation of the American currency will result in a further adjustment downward in gold (as priced in American dollars) while the rest of the world's investors see the value of their gold holdings go up in their currencies. American based mining companies will be challenged, thanks to a rising dollar.

    At some point, the demand/supply dynamic will slip out of equilibrium to such a degree that it will override the effect of currency fluctuations. I am betting that it will be the demand side that will win this war, especially if Western investors stop feeding the paper ETFs and demand real gold. If that were to happen, the Central Banks would lose their power to regulate' gold prices via paper based exchanges like the COMEX.
    Oct 4, 2014. 01:00 AM | 2 Likes Like |Link to Comment
  • Gold Is Not In A Bear Market [View article]
    Sorry, here is the correct link: ( Look at the gold charts in "other" world currencies (right side of home page for links). Gold doesn't look so shabby in the Euro, Ruble, Yen, Australian and Canadian Dollars, and even the Swiss Franc. In fact , it looks rather bullish.
    Oct 2, 2014. 03:09 AM | 4 Likes Like |Link to Comment
  • Let's Get Things Straight About The Consumer [View article]
    Consumer confidence has little to do with the middle east, racial issues, the Ukraine/Russia issue or a government supplied massaged GDP number. Those non union workers are trying to exist on a mickey mouse salary because good paying jobs are scarce. Let's get it straight: What matters to the average consumer is how much discretionary funds are left after paying all the rapidly inflated bills with a service industry salary. That, Mr Kaminis, is the bottom line for consumers.
    Oct 2, 2014. 02:32 AM | 5 Likes Like |Link to Comment
  • Gold Is Not In A Bear Market [View article]
    Most of the world's gold buyers, who trade in the currency of their home country, are now witnessing a sharp rise in gold after after testing it's 2013 lows for the third time. Check it out here ( Only those who trade in American dollars are seeing something different and that is because of the dollar's rapid appreciation against almost every other currency in the world.

    The sudden rise is the US dollar is masking gold's true strength. That strength is being fueled by rising demand for the physical by eastern investors and sovereign nations who have no use for the West's paper gold schemes. While western investors dither, waiting for gold to break it's lows, eastern buyers (the new 'smart money') are accumulating for the inevitable resurrection of the gold bull.
    Oct 2, 2014. 01:47 AM | 9 Likes Like |Link to Comment
  • Heavy Demand Appears In Gold And Silver [View article]
    Watch the premiums that the Asians and Indians are prepared to pay, over spot, for gold. Rising premiums, on a sustained basis, will become common as prices for paper gold (ETFs) and physical gold, finally disconnect. I suspect that the process has already begun.

    It's unfortunate that American investors choose gold ETF's as a means to play the gold market. They are playing right into the hands of a central bank who has the limitless resources needed to ensure an endless supply of the paper variety. Protecting and maintaining confidence in the American dollar is all the motivation they need to do what ever it takes to suppress gold.

    The time will come when gold will be going up on the Asian exchanges (trading in physical gold) while the price is stagnating or even going down on the paper driven Western exchanges (COMEX).
    Sep 29, 2014. 10:45 PM | 8 Likes Like |Link to Comment
  • Precious Metals Prices Fall: Gold At A Critical Juncture [View article]
    This is a sensibly written article that wasn't loaded up with lawyer' talk (it might go up or it might go down...I'm right either way sort of thing). The author presents credible bullish and bearish cases and then states what he believes is the probable outcome with respect to where gold prices are headed.
    Sep 29, 2014. 10:04 PM | 4 Likes Like |Link to Comment
  • Cap-Weighted S&P 500 Vs. Rydex Equal-Weight S&P 500 [View instapost]
    I should have added the Russell 2000 and S&P were up 91.9% and 93.4%, respectively, over the last five years.
    Sep 24, 2014. 02:43 AM | Likes Like |Link to Comment
  • Cap-Weighted S&P 500 Vs. Rydex Equal-Weight S&P 500 [View instapost]
    Let's look at a bigger picture. The small caps massively out performed the S&P for most of 2013. However, performance over a longer period is quite similar with the Russell 2000 small cap index up 91.9% and the S&P up 93.4%.

    There have been numerous occasions where the small caps have under performed the S&P for short periods and although that situation generally occurs during market declines, we all know how it has played out over the longer term.... the market has resumed it's upward trek. Maybe, this time is different?
    Sep 24, 2014. 02:15 AM | Likes Like |Link to Comment
  • GLD - Terrorism Risk Is Shockingly Absent From Analyses [View article]
    Scary? Nope. Did u post the link intended?
    Sep 22, 2014. 03:42 PM | Likes Like |Link to Comment
  • GLD - Terrorism Risk Is Shockingly Absent From Analyses [View article]
    If we are going to speculate on what 'Black Swan' event could result in a sustainable run on gold, why not go for something really scary? How about this one : Ukraine discovers some it's previously owned nuclear arsenal is still available (not impossible) and then decides to use it against Russia troops or better yet, they put a mushroom cloud over one the rebel held towns and then blame Putin for the atrocity. Russia could be expected to retaliate in a very unpleasant manner. Obama agrees to miltary demands that he put the entire nuclear arsenal on full alert while they work out the details of an American made "false flag" event that could justify direct America involvement. An American ship sunk in the area would do the trick.

    Gold would SOAR!

    Mr Kaminis, I challenge you to come up with a better 'what if' fairy tale. The terrorism card just isn't going to cut it if you want to see a gold take off.
    Sep 21, 2014. 06:12 PM | 1 Like Like |Link to Comment
  • Why I'm Buying Up Coal Stocks [View article]
    The coal industry is a gambler's bet and one might as well bet on the beaten down American coal companies rather those of the international variety that make up the bulk of the ETF, KOL. If the American coal industry survives the Obama administration's intent to bankrupt them, the biggest potential is in the shares of American companies rather than in KOL.

    The author's suggested strategy of buying equal amounts of the major coal producers may prove to be very successful. That said, multiple bankruptcies are not inconceivable and that would be problematic. As the author pointed out, Walter Energy has a terrible debt problem and in my opinion, is next in line to run to the courts for protection. ACI and ANR also have shaky balance sheets and may decide to follow suit. I have money in both and hope management doesn't opt to take the easy way out. Bankruptcy has become well used tool that allows companies to survive and continue paying fat salaries to the suffering CEO's and management teams who, unlike the workers, get to keep their jobs.
    Sep 21, 2014. 05:36 PM | Likes Like |Link to Comment
  • SPDR Gold Trust - Use Any Uptick Today To Sell Near-Term [View article]
    Kaminis wants to sell gold on a rebound? That's good news for the bulls.
    Sep 18, 2014. 03:01 PM | 1 Like Like |Link to Comment
  • Is The Junior Miner Uptrend Forecasting A Gold And Silver Bottom? [View article]
    Very good article. Gold, as priced in American dollars, appears weak but looks much stronger as quoted in almost every other major currency in the world. Buyers of gold mining shares are not buying into the "gold is going to crash and burn" scenario and many have being going up even while gold has been sliding. That's the 'smart' money buying when the retail crowd are paralyzed by fear.
    Sep 15, 2014. 01:42 PM | 5 Likes Like |Link to Comment
  • GLD - Waiting On A Russian Rebuttal To The EU [View article]
    I can hardly wait for the next chapter of this fairy tale.
    Sep 13, 2014. 02:28 AM | 1 Like Like |Link to Comment
  • GLD: Key Week Coming Up [View article]
    I think most regular gold interested readers know which author is being referenced as being an excellent contrary indicator. He pumps out regular articles that are based almost purely on emotion and is wrong pretty much every time. I love the guy as his failed track record is worth something as a trading tool. That said, I much prefer AVI's unemotional assessments, even if I disagree with his point of view.
    Sep 7, 2014. 12:29 PM | 2 Likes Like |Link to Comment