The computer is short 4 positions. The major support lies at 15795 on a weekly closing basis. Only if that gives way will we break through the bottom of this channel. Gold remain vulnerable since 2012 was 13 years up on a closing basis. Given the pervasive amount of bullishness convinced that the dollar […]

Much of the stories on the web about silver and gold tend to reflect the official prices rather than the free market prices. There is ALWAYS a free market even during periods of fixed exchange rates. During Bretton Woods, there was currency trading in Hong Kong where the yen fell to nearly 500 to the […]

The questions about gold v the Dow seem to be relentless. Here seems to be the number one question people ask. “Are you saying Gold & the Dollar and Dow can rise together?” Most of the nonsense about gold are sales pitches designed to convince people to buy. They far too often are not well […]

1780 Virginia Paper Currency Virginia Investigates Gold Backed Currency – Alternative to the Dollar There is a whirlwind surrounding the whole issue of gold back currency that has so many people confused and running around wasting a lot of time. To set the record straight, we had a gold standard under Bretton Woods set up […]

Gold remains vulnerable to a collapse although not instantly. A monthly closing beneath 1532 will signal that a drop to the mid-1100 zone is likely. The Goldbugs have already been banning together to try to make sure no one listens to anything I have to say. They remain bent of BUY AND HOLD and are […]

The Feds have noticed the gold market and are requiring the tracking of all shipments. These regulations are clearly targeting the “underground” economy. The interesting aspect is there seems to be no such reporting regarding platinum. Coin Conventions have been cancelled in France. Even when I was there before Christmas, you could get 1,000 Swiss […]

The resistance on gold stands at the 1713.50 level. We need to see a closing above that on a daily basis to steady the market at this time.

Conspiracy theorists have been arguing that there is no gold in Fort Knox for years. Well, they have not been alone. Sister groups have existed in Germany, France, and even England. The Handelsblatt newspaper reported following rumors that have been circulating in Europe for months that Germany’s central bank will now recall much its gold bullion stored […]

The news pundits call the minutes from the Fed’s December policy meeting showing a growing concern about further increases in the central bank’s $2.9 trillion balance sheet since 2007-2009 a “surprise” for Wall Street. Quite frankly, how could anyone take QE3 seriously as being open-ended when it was announced before the elections? Come on! You […]

I have warned that the role of gold will be primarily as an underground currency. As governments become more and more desperate, people turn to alternatives. I have also explained that as Rome debased its currency, a two-tier economy emerged. Not even the government would accept its own money back for taxes. They imposed taxes […]