Those who are new readers are probably unfamiliar with what I have called the Golden Rule of Reactions.  When it comes to TIMING, it is vital to understand the basic tenets of cyclical analysis. That fundamental principle is where do we draw the line between a change in trend and a mere reaction. That line […]

The support for gold in Feb is 1574. The resistance stands at 1667-1690. The support will begin to fade in March and the number to watch will become 1638. The primary support lies at the three Monthly Bearish Reversals. Once they give way, then we can see a real break.

Gold closed on Friday at 1574.8. The major support is highlighted by the Monthly Bearish Reversals at 15470, 15410, and 15320. This is the critical support and a monthly closing beneath these three reversals will confirm we should retest the 1160 area. A minor Monthly Bullish stands at 17580. The next two Weekly Bearish Reversals are […]

It is vital to understand that what we face is by no means the plain vanilla version of governments just printing into hyperinflation. These people are fighting back as is ALWAYS the case with core and major economies. The German hyperinflation took place AFTER a revolution with a unstable government that lacked credit. When there […]

The French Socialist MP Yann Galut, the deputy chairman of the new Commission on Tax Exile, told the press he intended to target French who have left the country and go after their assets regardless where they live. In a book I hope to have finished this year, I have covered the collapse of every […]

I have been warning that the 2010 Foreign Account Tax Compliance Act that has turned into more than 500 pages of regulation and is causing a massive economic global contraction in the velocity of money, is also responsible for gold sales of late. As reported, even Switzerland has been forced to sign away its personal rights and […]

The key support on the weekly level in gold lies at 15795. A weekly closing below that will  eventually be followed with a test of the 14100 to 14600 level. This is the bottom of the channel where gold should eventually test. The time for a rally in gold remains after 2015.75. This has been […]

The chaos in gold is typical. Already, the hate mail has begun. “Stop the Bullshit” one said because demand in Shanghai is at record highs.It takes far more than one country to make a bull market. Others just blame me for the decline because they just listen to those who always say buy. The New […]

The high on gold on the AM London Fixing was $850 back in 1980. However, when we index this to the government CPI adjusting it for inflation, the 1980 high corresponds to a price of $2,305.18 in 2011 dollars. This is a far more important number than all the nonsense of fiat and hyperinflation. Gold […]

Well, the hate mail has started regarding gold and as usual, I get all the arrows. Sorry, but gold is still a market. It rises and falls according to supply and demand and right now the market is overbought. When I was given a institutional conference in Tokyo, an individual bribed his way in. He […]