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…
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…
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…
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…
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…
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…
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…
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…
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…
By Jordan Roy-Byrne, CMT, The Daily Gold
Tell this to a baby boomer or a middle aged person and they would be quite skeptical. Their neighborhood financial advisor or planner doesn’t advocate Gold. It is too dangerous. It could drop to $500. Gold stocks? Hell no! After failing to get you out of stocks not once but twice in the last ten years, your advisor tells you its time to play it safe. You need to save more. Read more…
By John Townsend, The TSI Trader
On Tuesday afternoon the markets continued to sell off – still. It seems like it will never end. Big red candles on every chart I look. The VIX, the temperature gauge of fear, is rising again and the news headlines are filled with gut wrenching uncertainties about US Municipals, foreign countries that are characterized as ticking time bombs and opinion that we are headed for another Great Depression. Read more…
By John Townsend, theTSItrader
Last week I offered some analysis using the True Strength Index indicator on the daily and hourly charts of GLD, GDX and GDXJ. This week I would like to offer what I believe to be a realistic look at what could be headed our way in the upcoming month of July. The GLD, GDX and SLV charts in this article were made using the publically available software at FreeStockCharts.com. Read more…
Here are 10 gold price forecasts for 2010 and beyond. As you know, higher gold prices should eventually translate into higher profits for gold stock mining companies. Which in turn should eventually result in higher share prices for many of them. Hopefully you have a few good ones picked out as things should continue to get more interesting with each passing day. Check out the following forecasts and let me know where you think the price of gold is going and when….
I had originally received a request from a GoldStockMania.com reader who goes by the user name, “SW”, to do a review on Anglo Far East Bullion and weigh in on if I thought they are a legitimate option for buying and storing allocated gold and silver bullion. I complied to the request and posted a review on Anglo Far East (AFE) on February 28th, 2010. Since then I have taken the liberty to open up an account and personally talk with the folks over at AFE. I have more information I would like to bring you up to speed on in my Anglo Far East Review, Part 2. Read more…
By Toby Connor, GoldScents
We continue to hear pundits describe gold as a bubble. Certainly it will turn into a bubble before this is all over but we are hardly in the bubble stage yet. In order for a bubble to form you need the public to come into an asset class. The public is pretty dim and it can take 15-20 years before they “catch on”. It took 18 before they noticed the tech bubble. Read more…
Has anyone noticed how gold has been getting pretty hot lately? I mean it is really starting to sizzle! Silver is doing pretty good today as well, although I am still waiting for it to cross over $21/oz. The Comex shorting game can’t go on forever and perhaps we are already witnessing a short squeeze in progress. Investors just need to keep getting physical with gold and silver. I believe the Comex paper market is going to bust. Sooner or later the sophisticated investors who really want the price of gold to go higher will figure out this one simple thing they need to do…..and it’s more than just buying physical gold and silver. Read more…
There have been so many developments since I wrote my article, A Gold Price Explosion Just Around The Corner?, in which I talked about several catalyst that could be the source of a gold price explosion. I hope to do an update on that article as some of these developments may be affecting the behavior of the big bullion banks that always seem to be gold and silver short sellers on Comex. Are we seeing the early warning signs that they are starting to lose control? Read more…
While gold continues to reach new highs in the Dollar, Euro, and other currencies, gold mining shares have been slow to follow. Gold shares so far have declined to attend the party, thus leaving some wondering why… Here is an explanation listing two reasons why gold shares are lagging behind while gold keep moving up. I am curious on what readers think about this, so please share your opinion on why you think gold shares are lagging behind. Read more…
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