Gold and silver started the day lower, tried to make a run higher and ended up back to the lows of the day. I want to remind gold bulls what stage we are in with gold. Richard Russell sums it up best (and I mentioned this in my book, Buy Gold and Silver Safely. I believe gold is in a …
Read MoreGold had a range of $10 on Friday, closing down slightly in the middle of that range at a bid of $1,181.30. Silver has been acting weaker than gold the last 30 days, 6.34% lower while gold is down 2.78%. The last year silver is down 18.28% while gold is lower by 7.21%. This is not what investors in gold and …
Read MoreWhen I wrote my last article, Don’t Buy Gold Now, Wait Until It’s Under $1,000, it naturally received the type of attention I expected. I didn’t have an obvious agenda to sell gold to those who read the article, so one can’t accuse me of having a bias because I do sell gold for a living. So why would I …
Read MoreMany who read what I write know that I sell gold and silver coins and bars for a living. You also know I call the markets like I see them. I try to distinguish short term patterns and help investors buy gold and silver at the right time. I have been dollar bullish for the most part, because of the …
Read MoreToday I am providing a free sample of the ETF Research Trading Service I am offering below. These are the exact pages of what was sent out yesterday, 4/14/2015 and for today 4/15/2015 to subscribers. I hope you find this to be something you can all benefit from. As many of you know who have been reading what I write …
Read MoreGold is back over $1,200 once again, and we may be getting a little bounce with precious metals, as we haven’t yet taken out the November 5 lows. We did come within $15 of the $1,132 low on March 18th, and on this most recent decline in the last week, we only got down to $1,185. Since the gold bull …
Read MoreData is Dead; All Hail the Fed!
What Does this Data Tell Us? Does the Market Care? All the market cares about is what a few words from the Fed meeting say tomorrow, not what the data tells us. That’s what we’ll find out tomorrow with the results of a two day Fed meeting culminating in an announcement about the future of interest rates. Traders and markets …
Read MoreI was quoted recently in AARP Magazine February/March 2015 edition for an article titled Should You Buy Gold? I have been talking back and forth with the AARP editor Eileen Ambrose since July of 2014 when she first interviewed me. I had been telling her then that I expect lower prices in gold as it was trading over $1,300. The article never …
Read More2015 Predictions for Gold and Silver
Over the last few years I have been one of the few who sell gold and silver that have been dollar bullish as well as being in the deflation rather than inflation camp. Because of this viewpoint, I have been ingnored by some of the Austrian websites like LewRockwell.com because of their mantra for a dollar collapse and adherence to …
Read MoreThe Illusion of an Economic Recovery
The Fed and many economists seem to think the economy is strong, but is it? My Thoughts on the Economy Based on the Data I Read The Fed ignores U-6 unemployment data which still has the rate over 11%. The Producers Price Index (PPI) today came in lower than expected. The Dollar is down $1 and fell since the PPI …
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