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Mr. T lays out a beautiful case for the barbaric relic on Bloomberg TV… At first blush, this would appear to be a classic contrarian market indicator. But actually Mr. T is not pitching to sell you gold, but rather buy your gold in exchange for – wait for it – cash. You know, the […]
It’s been a little bit since we checked in on what Dennis Gartman has to say about the economy and markets – so let’s get his outlook. Here’s a 5 minute CNBC clip of Gartman weighing in on the taxation policies in Europe and the US. He subscribes to Art Laffer’s supply side tax theory […]
GoldAlert.com reports that bullish sentiment towards gold prices has hit its lowest levels in 19 months: Bullish sentiment toward the gold price continues to drop, evidenced by the current 60% Market Vane Bullish Consensus reading on gold. This is the lowest level since December 9, 2008 – a few weeks after the gold price plunged […]
Could the re-emergence of Mr. T be the mother of all sell signals for gold? Kevin Depew, Editor-in-Chief of Minyanville, explored the “Mr. T Gold Indicator” in a wonderfully written – and hysterical – article: The Mr. T Gold Indicator is a proprietary technical indicator created by Minyanville to identify and anticipate prospective exhaustion points […]
How scary are the sovereign debt levels of the United States, Japan, and European nations? David Galland explores in this guest piece. If you’re not completely frightened by the levels of government debt, and the fact that Greece is nothing extraordinary…you should be scared out of your mind by the end of David’s piece! An […]
Casey’s Jeff Clark shares his observations about where the price of gold may be heading in years to come. Regular readers know that my opinion differs from Clark’s in the short term, as I think gold is in for a massive correction. However I do agree that the most likely medium to long term scenario […]
Gold Featured on…Saturday Night Live!? The latest sign that the gold market may be a little overheated right now…Saturday Night Live’s Weekend Update featured investment analysis from Scrooge McDuck! http://www.nbc.com/saturday-night-live/video/clips/update-scrooge-mcduck/1165594/ Shout out and thanks to my good buddy Super Joe for sending this one along! New Reports of the Dollar’s Demise: Greatly Exaggerated? From London’s […]
Mining powerhouse Barrick Gold announced yesterday that it’s going to spend over $3 billion buying up it’s gold hedges. In other words – they’re going to be buying up a whole lot of gold. While on the surface this appears to be yet another bullish sign for gold, Elliott Wave’s Steven Hochberg had a great […]
Out of the entire commodity sector, gold has the greatest tendency to disconnect from its underlying supply and demand fundamentals. Still, though, the fundamentals act as a rubber band on its price – when supply overtakes demand, prices will eventually fall. And of course, the opposite is also true. Thus, gold bulls are keeping an […]
Breakfast was easy this morning, as I continue to wipe plenty of egg off my face from my recent deflationary call on the markets. I moved my wife’s 401K stash from gold stocks into pure cash, as I thought gold was looking toppy and not acting well. Since that time, gold fell a bit, and […]
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