Is The Gold Community A Cult?
I recently was involved in a discussion centered around the gold community and their constant talk of manipulation and price suppression. There are some of us in the gold community who understand gold’s place in a diversified portfolio (insurance), have been recommending dollar cost averaging into a position for their clients rather than “all in” like most others who fear the U.S. dollar...
Read MoreRemember When A Silver Dime Bought You Two Candy Bars? Why You Need To Buy 90% Silver Bags and American Silver Eagles At Just 1% Over Cost Today
I remember as a kid buying candy bars for a nickel. When they raised the price to a dime, I said I would never buy a candy bar again. Of course that promise to myself didn’t last long, but today, a candy bar costs 20 times as much as it did in 1964 when a silver dime could buy you two of them. To put things into perspective, the dollar of today could buy you 20 candy bars in 1964. What can...
Read MoreEuro and Yen Make Up 71.2% Of Dollar Index Which Is Why I Am Dollar Bullish
How many times do you hear someone who sells gold and silver be dollar bullish? Probably not very often. But when you look at what the Dollar Index represents, a basket of other currencies, it’s quite easy to be dollar bullish right now. This doesn’t mean that the dollar is any stronger as far as it’s purchasing power mind you. It just means that it will be stronger versus the...
Read MorePeter Schiff’s One Week Sale Versus Our Everyday Low Price On Gold
While writing my next article on the Euro and European bank mess, I received a solicitation email from a friendly competitor of mine, Peter Schiff (see ad below). In this email Peter was offering 1/2 ounce gold American Eagle coins at just a 5.75% premium over spot. I wanted to see where his pricing was compared to ours and it turns out our pricing is $6 less per coin. I do agree with Peter that...
Read MoreWhen There Is Blood On The Streets Buy Gold Part 2
Continued from Part 1 Most reading this might not realize that the Fed secretly gave banks and other countries $7.7 trillion during the 2008 financial crisis. The Federal Reserve and the big banks fought for more than two years to keep details of the largest bailout in U.S. history a secret. Now, the rest of the world can see what it was missing. The Fed didn’t tell anyone which banks...
Read MoreWhen There Is Blood On The Streets Buy Gold Part 1
Are those that bought gold and silver panicking yet? I would hope not. My advice to dollar cost average into a position is paying off as my prediction of a stronger dollar is coming to fruition. But there are some investors who bought gold or silver the past few months that might be panicking. There is a possibility the blood on the streets is not over, but we are inching ever closer. While many...
Read MoreConfused About Falling Prices Of Gold and Silver? Part 2
Continued from Part 1 How Far Can the Euro Sink? There are two key areas in the charts below that we need to keep an eye on, the 6/10 low of 1.19 and the 11/05 low of 1.16. If these are breached, could it be game over for the Euro? How much money will Central Banks and the IMF throw at the Euro to keep the game going? What will France and Germany do? We already know their citizens don’t...
Read MoreConfused About Falling Prices Of Gold and Silver? Part 1
Are the gold bubble prognosticators right? Is the run in gold and silver over as they fall to a three month low? Nothing could be further from the truth. The reason gold and silver prices have fallen of late is because, as I have been saying, the Dollar Index is rising. This is a 40 year pattern that was last repeated in 2008 when the Dollar Index broke above the 80 mark. Yesterday, the Dollar...
Read MoreDid Dennis Gartman Sell His Gold?
My first response to this question, is…”who cares?” I listened to Dennis Gartman speak at a LPL financial conference a few years back and Dennis Gartman gave a speech about how he readily admits he is wrong 80% of the time. So while Gartman was on CNBC telling everyone he was selling his gold, he actually sold 1/4 of his gold holdings for the following reason; What he did was...
Read MoreIMF Gold Sales and Credit Expansion Maneuvers Show How Desparate Situation in Europe Is – Central Banks Step In
Central Banks stepped in today to help raise liquidity for the struggling Eurozone. The Central Banks involved included the U.S. Federal Reserve (of course), the European Central Bank, and the central banks of Japan, Britain, Canada and Switzerland. Hey…where’s China? It might also be noted that G20 leaders promised this month to boost the global lender’s (IMF) warchest....
Read MoreJim Rogers Says Possible Gold Correction and Is Long Dollar
Jim Rogers, author of the book, Hot Commodities, came out today with a statement that gold is “due for a correction” and that he is long the U.S. dollar. This comment comes on the heels of what he said in September; “Gold price correction will last for several months.” Gold and Silver Correction I thought it might be appropriate to quote from Rogers book Hot Commodities...
Read MoreDollar Still Rising and US Treasuries Still Strong While Gold Falters
The US Dollar made it up over the 79 mark today and moving closer and closer to breaking 80 on its way to the 85 range. Thank you Europe! (Click on image for sharper view) This rise in the dollar can put pressure still on gold and silver prices despite all the problems going on in Europe. It’s a thought process I shared just last week when gold was at $1,780.90 and silver $34.28 with the...
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4 Ways Gold Dealers Rip You Off!
