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  • Tangible Versus Financial Assets: The Great Migration
    By on March 19, 2014 | No Comments  Comments
    Wealth comes in many forms, but only two general categories: tangible and financial. Tangible wealth is made up of real, physical things like buildings, farmland, oil wells, commodities, etc. These things can be seen and touched, and – crucially – they don’t have counterparty risk. That is, no...
  • Big Gold-Futures Buying!
    By on March 15, 2014 | No Comments  Comments
    Gold’s strong rebound upleg this year has been driven by big gold-futures buying.  After abandoning gold last year, American futures speculators are returning to the yellow metal in droves.  These capital inflows are a very bullish harbinger, as major futures buying is the primary fuel for young...
  • Safe Havens Trouncing Stocks So Far This Year!
    By on March 11, 2014 | No Comments  Comments
    Investors are going crazy for stocks, piling into individual stocks and equity mutual funds at a near record pace. Investor sentiment polls confirm the high level of bullishness. Margin debt is at record highs. Brokerage firms and polls of investor groups show individual investors have unusually hig...
  • Gold-ETF Inflows Return
    By on March 9, 2014 | No Comments  Comments
    Stock-market capital finally started flowing back into the flagship GLD gold ETF for the first time in 14 months in February!  Though this buying was small, this is truly a momentous event.  Extreme gold-ETF outflows were the dominant culprit behind last year’s epic gold selloff.  Without that ...
  • New Silver Major Is Born
    By on March 1, 2014 | Comments Off  Comments
    Just last month Tahoe Resources announced the achievement of commercial production at its Escobal mine.  And sounding the trumpets on such an exploit most certainly deserves investors’ attention.  When 2014 comes to a close, Tahoe will be flexing its muscles as a global top-10 silver producer! ...
  • China Gold Imports Surge – Or Fall. You Decide.
    By on February 27, 2014 | 1 Comment1 Comment  Comments
    Chinese gold imports are becoming a case study in the power of journalists to control the slant of a story by deciding which facts to highlight. The following chart contains the relevant data. Here’s how the mainstream press, in this case Bloomberg, handled it:   China’s Gold Shipments Fro...
  • Big Gold-Stock Buying
    By on February 22, 2014 | No Comments  Comments
    Gold stocks have been on fire this year, blasting higher to 2014’s pole position of best-performing sector.  And this powerful rally’s internals are looking as good as its headline gains.  The recent months’ gold-stock buying has been on big volume, with large capital inflows.  This is very...
  • Could Gold Be Forming Bullish Cup and Handle Pattern?
    By on February 20, 2014 | 1 Comment1 Comment  Comments
    Gold is off to a nice start in 2014, after losing a third of its value over the past 16 months. The rally of late could well be forming a bullish cup & handle pattern. If this pattern read is correct, the handle needs to be completed. A decline in Gold would have to take place to complete the ha...
  • Gold-Stock Breakout 2
    By on February 15, 2014 | No Comments  Comments
    Gold stocks just surged to a major technical breakout, a very bullish omen.  Investors are actually starting to redeploy capital in this battered sector, catapulting gold stocks into the early lead as 2014’s best performers!  This year is shaping up to be the polar opposite of last year’s epic...
  • Silver-Junior Struggles
    By on February 3, 2014 | No Comments  Comments
    It’s been an incredibly tough last couple years for the miners.  Not only have they had to endure sharply falling metals prices, they’ve had to battle continually rising operating costs.  For the producer companies this combination has been a margin killer.  And for the non-producers it’s b...
  • Gold Bottoming
    By on January 25, 2014 | No Comments  Comments
    Gold is bottoming, showing incredible resilience over the past 7 months.  After suffering an epic plunge in last year’s second quarter, gold has held its ground ever since.  This is despite still facing the same howling headwinds that forced that extraordinary selloff.  Gold has found strong su...
  • Last Time This Happened SPX Fell 50%, XAU Rose 200%!
    By on January 24, 2014 | No Comments  Comments
      S&P 500 and Gold Bugs index had pretty much a -1 correlation from 1997 to 2000. Then what?  The -1 correlation continued as SPY fell 50% and Gold Bugs index rallied over 200% in the next couple of years. From 2003 to 2011, SPY & Gold Bugs correlated to a high degree. Since 2011, SPY &...

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