(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers. ) LOWER GDP, GOLD SHORT COVERING CONTINUES April 26, 2013 GDP for the United States rose only 2.5% for the quarter vs. 2.8% consensus. This simply
My long-term readers know that I recommended allocating 20% of assets to silver at an average price of $17.73 and exited the position in the zone of $48 to $48.50. I also recommended buying gold in the $600s with an average price of $660, and selling half of the gold
After the recent collapse in gold and silver, some mega bears are coming out of the woodwork. Several have targets that are scary for investors in gold, with them predicting a fall below $1000 for gold, with $800 appearing to be a favorite number. (I have seen targets as low
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.) GOLD BREAKS ABOVE $1400 AFTER G20 ACCEPTS ABENOMICS April 19, 2013 Gold has broken above $1400 as G20 accepts Abenomics. G-20 refers to the group of 20 major economies.
Recent world events tell us that gold and silver have lower to go. The events on which gold and silver should have gone higher, precious metals staged only weak bounces. The events on which precious metals should have shown slight weakness, gold and silver fell out of bed. First let’s
The plunge in gold and silver and massive outflows from popular ETFs like the SPDR Gold Trust, the iShares Silver Trust, as well as popular miner ETFs like the Market Vectors Gold Miners and Market Vectors Junior Gold Miners ETF have investors clamoring for the answer to a simple question,
The set-up for gold and silver to be slaughtered was perfect yesterday. There have been considerable outflows from popular ETFs like SPDR Gold Shares (GLD), iShares Silver Trust (SLV), Market Vectors Gold Miners (GDX), and Market Vectors Junior Gold Miners GDXJ. The selling today was quite different from the typical patterns over
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.) FOR A CHANGE GOLD FALLS IN EUROPEAN TRADING April 12, 2013 For the last two years, vast majority of big moves in gold have been the
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.) DOUBLE WHAMMY OF NUCLEAR MISSILES AND SHOCKING EMPLOYMENT DATA April 5, 2013 North Korea is escalating the situation as it threatens nuclear war. Embassies in its
I always get a large number of emails from investors asking questions about gold and silver. Yesterday the email volume spiked. Basically investors were asking the same question, “Why is gold down on North Korea warning that its military has been cleared to wage a nuclear attack against the