A Golden Opportunity?
May 25, 2009
After sitting on the sidelines for a couple of months now, gold appears to me to have decided to not drop into the $800 zone. I was “conflicted” 90 days ago about whether or not gold would back off before resuming its upward drive. The stock market was in the 6,000 area, the recession was the talk of the town, and Obama was sweet talking our enemies. All the kind of stuff that’s not helpful to gold. That was 90 days ago, this is Memorial Day! Continue Reading »
Conflicted On Gold Now
February 24, 2009
Gold is a partner to inflation, undertainty, and war! That gold would reach 1,000 to $1,500 an ounce has been the main premise of this web site for since 2002. But, gold has now touched the $1,000 mark on two occasions only to back off a day or two later. The first retracement in 2008 took gold down to $735 before coming back to $1,000 two days ago. Today as I write, gold is off $17 to the $977 level. Let me share my concerns at this point. Continue Reading »
Gold tops $1,000
February 20, 2009
You knew it was going to happen………..again! And one surely knows that in light of TRILLIONS of newly printed money, talk of bank nationalization, and a hawkish Israeli prime minister, that gold must not only touch $1,000 this time but keep climbing. From what I see so far, Obama and his economic advisors have not a clue about how to FIX the economy any more than George Bush and his advisors did. Continue Reading »
The Golden Parachute?
February 10, 2009
Gold has been flirting with making a BIG MOVE. The consolidations have been going on for sometime now and one gets the feeling that gold is simply waiting for something. Could that something be the near ONE TRILLION stimulus bill that’s about to pass in the Senate? Could it be that gold is waiting for Geither to announce how the remaining $350,000,000,000 is goint o be spent? Coul be! Continue Reading »
Gold Is Moving Again!
January 26, 2009
It has to happen. Hell will freeze over (is there such a place?) before gold is stopped in its march to $1,500+. Gold moves primarily on the three-fold cord of war, uncertain econoic activity, and inflation. We’re still in a war(s), economic uncertainty is about as high as it can get. And down the road, the BILLIONS, maybe TRILLIONS, of US$’s that are being printed will take inflation into double digits again. Continue Reading »
Mahendra Sharma Prophecies
January 20, 2009
Mahendra Sharma was born in Northern India in a state called Rajasthan in 1967 in a Hindu family. He combines his Bachelor of Science Degree in Business Management with a two year astrological institution of India (1982-83) to prophecy about furure economic events. I have been a random follower of Mahendra for several years and have found his prophecies more than interesting- about 80-90% accurate. So, what’s this astrological guru saying about the future? Continue Reading »
Gasoline Prices Fall Fast
October 15, 2008
Don’t look now but gasoline prices have fall more than seventy cents a gallon in the past two weeks alone. They should have fallen more but you understand how it ll works now don’t you. In the last three months the price of a barrel of oil has fallen from $147 to $74. You do the math! And what about gold? Continue Reading »
Another Gold Rush Lurks
October 6, 2008
Who has the heart and courage, much less the staying power, to stay in such a turbulent market? Up 300, down 778, up 200, and down 800 mid day to finish off 300+ on Monday. I like to sleep at night. And there are enough other things to really worry or think about other than how much money did I lose today. Thus, get in on GOLD as a new GOLD RUSH is on the horizon. Continue Reading »
Gold Soars On $ Liquidity
September 29, 2008
Stocks plummeted on Wall Street even before the 228-205 vote to reject the bill was announced on the House floor. When the critical vote was tallied, too few members of the House were willing to support the unpopular measure with elections just five weeks away. Ample no votes came from both the Democratic and Republican sides of the aisle. Continue Reading »
The Gold Revival
September 18, 2008
For thsoe who had written off gold, or those that were shorting the yellow metal, last two days have given everyone pause to reconsider. Gold was up $90 on Wednesday for a record one day advance. Many were saying that it was overdone and would drop on Thursday; however, gold was another $30 on Thursday for an eye-popping $120 over two days. Continue Reading »
Gold Starts To Rebound
September 17, 2008
The Russian stock market have been forced to close for two days in a row now as a meltdown in financial markets circles around the globe. Once upon a time America was a capitalistic economy but with the government buying out Fannie Me, Freddie Mack, and AIG in the last few days, so much for that concept. We’re in very dangerous waters and the savvy people know it. Continue Reading »
Black & Red Monday
September 15, 2008
You’ve heard of Black Monday, well welcome to black and RED Monday. The Dow tanked big time, falling mroe than 500 points. And though spot gold had the second day of rebound off the bottom, HUI tanked along with the stocks. Today was a good example of why it’s best to hold the real thing (gold coins or bullion) than to be holding gold stocks. Continue Reading »
Has Gold Found The Bottom?
September 10, 2008
A little over a month ago, I said that gold was headed for $750 (when it was at $930). But then long term, I still see gold as a four-digit number. Gold has been dropping like a rock in the past five weeks and it closed at $757 today, which is about as close to $750 as one can get. Now what? Continue Reading »
Fannie Mae & Freddie Mack
September 8, 2008
In case you wouldn’t believe it before, believe NOW! America is no longer a capitalistic system. We’re more tha n headed to a social, if not a communistic system. Ah come now, surely things aren’t that bad! The question needs to be asked though. Has America created its own variety of communism with the U.S. Treasury Department’s bailout of two beleaguered government-sponsored enterprises (GSEs), Fannie Mae (NYSE:FNM) and Freddie Mac (NYSE:FRE)? Continue Reading »
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