Archive

Archive for July, 2010

GoldSilverDVD-Clip Only Gold and Silver…

July 28th, 2010 5 comments

No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility. Click image for clip and additional info. Read more…

Hoping for a Break

July 28th, 2010 No comments

By Toby Connor, GoldScents

I want to discuss something that came up on the blog Friday.  An anonymous poster hinted that we were going to see more gold weakness in the days ahead because big money had to sell their positions.  Folks, big smart money traders don’t sell into weakness.  These kinds of investors don’t think like the typical retail investor who is forever trying to avoid draw downs.  Big money investors take positions based on fundamentals and then they continually buy dips until the fundamentals reverse.  The fundamentals haven’t reversed for gold so I’m confident in saying that smart money isn’t selling its gold, it is using this dip to accumulate. Read more…

Petaquilla Minerals Update 7-26-2010

July 26th, 2010 No comments

Here is another quick update for those of you (like me) who have invested in Petaquilla Minerals. I received an email from PTQ’s investor relations today with a new nugget of information of which I will discuss briefly below. I also would like take a moment or two and review PTQ’s pricing action since my last update. Read more…

Parts Of Michigan Now Using Gold & Silver as Money?

July 21st, 2010 No comments

I found this interesting article this morning over at zerohedge.com reporting that certain parts of the state of Michigan might be starting an alarming trend for the for the Feds and the dollars they print…that is…people using gold and silver as money!

I hope this catches on like a wildfire all over the US as this would definitely send a strong message to those people who claim to work in Washington for the best interest of US and its citizens… Would you considering using gold, silver, and copper coins in place of dollars? Read more…

Time to Rally: SP-500 and GLD

July 21st, 2010 No comments

By John Townsend, The TSI Trader

At the time of my most recent article we had just begun the stock market rally out of the July 2nd bottom and I suggested the rally would be able to continue higher, which it did, until the SP-500 1100 level stopped it on 3 consecutive days.  Since then, we have taken 45 points off the index and today began a successful rally from 1057 that ended the day at 1083. Read more…

Carpe Aurum (Seize the Gold)

July 20th, 2010 No comments

By Toby Connor, GoldScents

Just like the stock market, gold runs in cycles (all markets do because the humans that trade these markets go through periods of optimism and periods of pessimism). Read more…

Bears Beware, II

July 13th, 2010 No comments

By Toby Connor, GoldScents

In my last article Bear’s Beware I warned that shorts were running the risk of getting caught in an explosive rally as the intermediate cycle was due to bottom. Well, it did bottom and bears have watched their profits quickly evaporate as the market has surged out of the intermediate cycle low. Read more…

More Clueless Mainstream Commentary on Gold

July 13th, 2010 No comments

By Jordan Roy-Byrne, CMT, The Daily Gold

Once again we see another bearish piece on Gold in the WSJ. Rather than attack the author personally, we want to illustrate how the article is another example of the lack of any quality gold commentary both in general and in mainstream publications. Read more…

Can the Stock Market Continue Rising? Gold, Too?

July 13th, 2010 No comments

By John Townsend, The TSI Trader

The stock market, we know, moves from one emotional extreme to the other. Fear to greed, back to fear then greed, and so on. A good stock trader should always be asking him/herself, are we at an extreme now and if so, which one? Read more…

US Government Ready To Tax Your Gold or Precursor for Confiscation?

July 8th, 2010 7 comments

I am really, really disturbed by this article, which discusses a new tax reporting revision that was sneaked into the recently passed health care reform bill which will force coin and bullion dealers to now file a 1099 tax form for any purchase/sale of bullion worth $600 dollars or more in 2012. Massive taxation was discussed in 6 Months til Largest Tax Hike in US History and cited as one of the primary benefits of expatriation in my article 10 Benefits of (Exiting the US) Expatriation. The more I see this sort of stuff coming from our greedy, needy, desperate, and corrupt federal government, the more I can’t wait to someday become an expat too! This really makes my blood boil! I believe this is a very clever move by the Federal government to do a number of things to harm the physical gold market. Read more…