Posted in Daily Comment, Gold, Weekly Comment on Sep 25th, 2011
The action in world markets last week took many markets down, of course, but especially hard hit was the gold market. I’ve been suggesting that this market has been in a bubble for some time. Bubbles do tend to grow larger than anyone expects, and this one certainly exceeded the expectations of all but those [...]
Posted in Commodities, Daily Comment, Gold on May 24th, 2011
It’s been a while since my last update. The last two updates were on the silver bubble as it was reaching a very overbought condition. At the time it seemed like the bubble would burst at any moment, but as is usually the case in an extremely overcrowded bullish market, the bubble burst very dramatically [...]
Posted in Commodities, Daily Comment, Gold on Apr 19th, 2011
The silver market continues its impressive bull move. There are few technical signs suggesting that this will end, although from a sentiment perspective this trade is extremely crowded on the bull side. There are times when I’m fully in agreement with the story behind a market trend, but there are times within that trend when [...]
Posted in Commodities, Daily Comment, Gold, Uncategorized on Apr 11th, 2011
As a result of an irresponsible monetary policy with out of control spending and deficits, there are many asset bubbles being formed, and the silver market seems to be the latest such bubble grabbing headlines. Bernanke has a fear of deflation, which is understandable, but his method of creating “a little inflation” as a cure [...]
Posted in Gold, QQQQ, SPY, Stock Market on Jan 3rd, 2011
Stock indexes start off the first day of the New Year with a a continuation of the up-leg that started on the first of December. Much is made of the price action on the first day of a new year. I was at the gym today watching CNBC, thankfully with the sound off, and noticed [...]