Interest rate hikes being kicked down the road to some future date as well as increasing likelihood of QE3 will benefit long term holders of precious metals and mining stocks.
Read more
Buying Precious Metals At The Right Time
In August 2010 and January of 2011, gold and silver presented excellent buying opportunities. But what now?
Read more
Gold and Silver Soars As U.S. Dollar Crumbles
Gold broke out of its 6 month consolidation and cup and handle pattern. The gold bulls are now in control and short covering should begin to cause an explosive move to my late January target of $1600 on gold and $40 on silver. In late January, gold and silver were in a sell-off and many…
Read more
Malaise in Municipal Bonds, Nosedives in Nuclear, and a Green Light for Gold
Last week the Japanese earthquake darkened the skies with an unexpected flock of black swans. On top of an act of nature, we have the persisting presence of eurozone debt fears, currency wars, the Middle East unrest, and the near bankruptcy of many states in America. The Wisconsin problem goes far beyond one local state;…
Read more
Gold And Silver Soars As U.S. Dollar Hits New Lows
The gold (GLD) and silver (SLV) meteor keeps soaring in the skies over Wall Street as the US dollar (UUP) is parachuting into new lows. The spot price of silver this week broke $34.40, zooming into a record high area unseen since 1980. On March 1, gold followed its poorer brother by breaking out at $1425. The US…
Read more
Middle East Turmoil: Gold, Silver, Oil and Clean Energy Commodities
Many of the great declines in the stock market over the past 30 years have been related to oil (United States Oil (USO)). This week we have seen the major indices plummet on geopolitical chaos throughout North Africa, especially the large oil-producing Libya, as investors returned to gold (SPDR Gold Shares (GLD)), silver (iShares Silver…
Read more
Will Year-End Tax-Loss Selling Have an Impact on Gold, Silver Investors?
What has been completely overlooked or not mentioned during this sizable run up in stock market profits, including the precious metals sector, is the imminent advent of tax-loss selling. Every year around this time, as sure as snow falls in Vermont, more than ever, there are reasons why this unmentioned event is apt to at…
Read more