China – the new look of gold
Adrian Ash, regular contributor to The Daily Reckoning, UK and head of research at BullionVault, analyzes the future of gold, as told by Chinese buying trends.
I am a man of my word
Baltimore — (TFN): I stuck to my word and bought gold. If you follow the markets long enough, you earn a full grasp of the psychology behind it all. After a while, you notice the tiny quivers and false starts that signify a move in either direction.
I used this insight and logic to warn investors about an imminent downturn in gold prices earlier this month. I got a lot of “feedback” from disappointed gold bugs. But it didn’t take long for them to eat their words as the price of an ounce of gold fell by nearly 10% in the last month.
But as I said earlier in the week, the slide is over. Of course, unlike the nation’s leaders,…
A four-year-old foretells the market
By Andrew Snyder, TodaysFinancialNews.com
Baltimore — (TFN): I don’t know whether to laugh or cry. Down in Chattanooga, Tennessee, a four-year-old boy managed to grab a beer, walk out his front door and break into a neighboring house to steal Christmas gifts.
True story. But it gets better.
Inside of one of those gifts, was a girl’s dress. The youngster donned the new attire and continued his late-night spree. His mom tells us it was all in an attempt to get in trouble so he could spend a night in jail… with his old man.
Smart kid. He’s going to have a great career as a banker some day.
Although the names and the ages are different, it’s essentially the same story on Wall Street…
Trending Bubbles – what to do about gold . . .
Steve Sjuggerund, writing for The Right Side, analyzes the nature of bubbles, the trend in gold prices, and how trailing stops can be used to protect healthy gains.
Gold – Thumbing its Nose at Fiscal Policy
Dan Denning is the author of 2005’s best-selling The Bull Hunter, analyzes current moves in the gold market for Whiskey & Gunpowder.
Gold – Not the end, but possibly a correction
The price of gold has surged this year, taking gold shares upwards with it. Readers of my Xcelerated Profits Report have rung the register with 45% profits on Goldcorp (NYSE: GG) and a triple-digit winner on Golden Star Resources (NYSE: GSS). We’re also up big on Yamana Gold (NYSE: AUY) at the moment.
All is good, right?
On the surface, perhaps. But not if you believe what the options market is saying…
Can precious metals keep on flying?
Are you sold on gold? The precious metal outperformed every major equity index in the world in 2008. The question is, can gold—and other precious metals—keep on flying? Or would buying today be buying high and selling low?
Precious metals have always been intriguing to investors because they tend to hold their value. In times of geopolitical crisis or currency devaluation, for example, the value of paper money might fluctuate, but a hard asset will always be worth something. As a result, historically, precious metals have been considered a “safe haven” in times of economic and financial instability.
That brings us to why gold is on a tear today. It declined in 2008 and early 2009 as panicked investors rushed into cash…
Today’s the day for gold bugs
Baltimore (TFN): Today’s the day. If you have ever hunted for undersea gold, you likely know Mel Fisher’s famous mantra. The great shipwreck hunter used the line thousands of times before it became the undeniable truth on the day he uncovered the “Atocha mother lode.”
While today’s record-breaking surge in gold prices is not likely to create $450 million in newfound wealth for any singular investor, it is the day gold bugs have been waiting for.
Thanks to surprising news that India’s central bank shelled out some $6.7 billion to get its hands on 200 metric tons worth of the International Monetary Fund’s (IMF) gold stash, the bullion market is on fire today.
Why is this good news?
Several reasons.…
Two Tips to Avoid Letting a Bad Stock Sucker-Punch You
I confess… I got it wrong with gold.
Unlike some stockpickers and newsletter analysts, who proudly trumpet all their winners, while shuffling the losers under the rug, I have no problem admitting when my calls go against me.
And to the delight of all the naysayers, this happened just a couple of days ago when gold prices shot to a record high. That triggered my sell-stop and, rather than let my pride come before a fall and hang on, it’s time to move on.
Don’t get me wrong, though… I’m still convinced that the yellow metal could suffer a correction for three main reasons…
- So far, inflation hasn’t reared its ugly head. If it stays in hiding much longer, disillusioned investors will probably head…
The Reason Why Gold Hasn’t Skyrocketed.(new video)
The Reason Why Gold Hasn’t Skyrocketed.
With the printing presses in full printing mode, many people are questioning why gold prices haven’t gone higher – much higher.
In my new video, I explain some of the subtle market cycles that are at play right now in this market. These short-term cycles have been the dominant force in [...]
China Gets in on the Trade of the Decade
This week, the big story was once again coming from the gold market. Mid-week, the yellow metal hit $1020 – but the rally was not of the usual variety. Generally, investors flock to gold when the dollar is weak and inflationary fears run high. But as we all know, inflation is not a problem right now – despite the Fed’s best efforts.
No, this rally had another factor pushing it: our friends in the Far East. The Chinese have been quite vocal with their concern over the US dollar and have increased their official gold reserve holdings by 75% in the spring. Smart move.
In the Weekend Edition’s Highlight of the Week, Bill Bonner looks closely at where the recent rise in gold…
Commodities Market: Dig Your Way to Riches
The commodities markets have been kicked into high gear. As America’s lenders change their mind, the world’s mining companies are on a surefire path to riches.
If you can’t farm it, you have to mine it. It is a great message, no matter if you are an investor or an out-of-work cowboy.
Riding through the streets of Alaska’s ever-wet capital, you see all sorts of bumper stickers. There are three main categories – fishing, mining and Sarah Palin.
It is the miners getting all of the attention this week.
There are several reasons the world’s mining industry is opening a big ‘ole bottle of bubbly, but none more poignant than the fact that America is shelling out debt faster than a hot-rod blackjack…
The ‘Golden Staircase’ Points to Record Prices for Gold
As gold once again breaks the psychologically important barrier of $1,000 an ounce, all the pundits are wondering if it will last.
I have to confess that – deep down – this makes me smile. The reason: I know that the real question to ask is “When will gold go on to set new highs?”
So let me cut right to the chase. This breakout run in gold prices will last.
The “Golden Staircase” tells us so.
After bottoming out about $250 an ounce about nine years ago, such key fundamental catalysts as increasing demand, lower supply, inflationary fears and a flight to safety have been driving the price of gold northward.
But gold is like any other financial asset in that prices don’t rise…