Bull Market or Just Bull?
March 25, 2010 by script2see · Leave a Comment
By John Browne, GoldSeek Last week, the Dow closed at 10,741, up some 64 percent since its 2009 lows,[03/19/10, Yahoo! Finance] when most markets had priced in the likelihood of financial Armageddon. As the markets have rebounded from the brink of disaster, many Wall Street cheerleaders have proclaimed the dawning of a major new bull market. [...]
Silver Prices Bounce Back in NY and London
October 26, 2009 by goldguru · Leave a Comment
Silver prices returned with some luster following their declines last week when prices slumped below yearly highs. The metal enjoyed weekly gains of 2.0 percent in London and 1.7 percent in New York — both closing at their at their highest weekly levels this year. New York silver futures for December delivery finished Friday at [...]
Boomers Have Their Backs Against the Wall
October 15, 2009 by goldguru · Leave a Comment
The Daily Reckoning Two important items in the news today: First, Bloomberg reports that retails sales fell 2.1% in September – the biggest decrease this year. Know what that means? It means the “Age of Thrift” is here…and that consumers really are cutting back – just like we said they would. And it means that [...]
Gold’s Bull Market Due to Supply and Demand Economics
October 15, 2009 by goldguru · Leave a Comment
Mark O’Byrne submits: Gold Gold is trading at $1.056.50/oz. In EUR and GBP terms, gold is trading at €706.82/oz and £655.25/oz respectively. Resistance currently lies at $1,064.10/oz and $1,070/oz with initial support at $1,048.60/oz and then $1,040.70/oz. There continue to be very strong fundamentals driving the gold market. These fundamentals are driven by basic economics. [...]
Gold Reaches New Record Highs, Dollar Sees Record Lows Again
October 14, 2009 by goldguru · Leave a Comment
Mark O’Byrne submits: Gold Gold has traded at new nominal record highs (over $1,070/oz) and is currently trading at $1.066/oz. In EUR and GBP terms, gold is trading at €715/oz and £665.90/oz respectively. Resistance currently lies at $1,070/oz with initial support at $1,050/oz and then at $1,040/oz. With oil back above $75 per barrel and [...]
Gold Touches a New Record
October 9, 2009 by goldguru · Leave a Comment
The Daily Reckoning “Gold continues to climb…stoked by inflation worries,” says a headline in the International Herald Tribune. Yesterday, it touched a new record – $1,050 – even as the dollar rose, oil slumped under $70 and stocks dipped very slightly. Well, what do you expect? The United States added $1 trillion to its monetary [...]
Can gold and silver equities expect +5,000% returns again?
October 5, 2009 by goldguru · Leave a Comment
In previous gold bull markets the correct stock selection could have seen gains of more than 1,000%. Could this happen again? Read more….
Bull Market Delusions In Recovery
August 17, 2009 by goldguru · Leave a Comment
By Brady Willett, GoldSeek The last major stock market ‘recovery’ in the U.S. started after the October 9, 2002 ‘bottom’ and lasted 5-years and 2-days. Total gain: 103%. Unfortunately, by November 21, 2008 all of these ‘gains’ had been lost, thus rendering the 2002 ‘bottom’ open to interpretation. The latest major market ‘recovery’ started after [...]
