news.goldseek.com >> 4 October 2007
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news.goldseek.com >> 4 October 2007 |
Shock 'n Awe Consumer Price Inflation Yet to Be
By: Charleston Voice
The leverage I see here is that for every one dollar drop in the US$ Index there is a corresponding rise of $11.25 in the gold price. If this ratio holds and the US$ should achieve 45, then we'd achieve a gold price of $1,112. Personally, I feel this gold price is on the low side for several reasons.
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news.goldseek.com >> 23 September 2007 |
Silver on the See-Saw
By: Charleston Voice
As we pointed out to you last week, the Commercials had just then started to go net short. This week they added some more, and are now net short 29,221 contracts. They will be able to add any number without risk as the CFTC looks the other way while the bullion banks underwrite any losses which they may incur. The banks' risk, of course, is underwritten by us.
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news.goldseek.com >> 22 June 2007 |
Five Myths of the Gold Standard
By: Congressmen Larry McDonald (D-GA) and Ron Paul (R-TX)
Mr. Speaker, the United States of America is at a point of decision in its history today. Either we step into the open grave of economic collapse caused by 50 years of criminal economic policy, or start a third century of liberty and prosperity based upon the revitalizing truths of constitutional law and free enterprise.
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news.goldseek.com >> 8 June 2007 |
Higher Interest Rates are the Matchmates of Gold
By: Charleston Voice
The Fed can only manage the FF Rate de jure, other bond rates are established by the market - although the Fed CAN monetize this debt by buying it with more newly created fiat money which we suspect they have been doing right along. If not already apparent to most, higher prices for the things we need and buy will be the evidence of reckless money creation of unretired debt. Power to the Bankers! Got Gold?
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news.goldseek.com >> 6 June 2007 |
Boil Them in Oil Over a Slow Fire
By: Charleston Voice
Well, one thing is settled again, gold and silver have now resumed their appreciation against the US dollar, and most other currencies as well. If that's so then what's wrong with the equity stocks of the precious metals? Why do they still languish or seemingly not keep apace with the rise of G & S? We've always thought and been told that the underlying precious metals stocks are supposed to have 3-to-1 leverage. Again, we have to adorn our Relativity Thinking Cap for clues to an answer.
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news.goldseek.com >> 3 June 2007 |
We're Mad as a Hatter
By: Charleston Voice
Now that we're back on the bull track, several have asked what I've been asking myself - "How high is up?" Answer: We don't know. Even in timeframe terms we don't know. Especially in time how long we'll rally in gold, we don't know. There have been an abundance of commodity cycle runs which seem to cluster around the 17-25 year timeframes. Even when they begin is debated. It only makes a difference if you don't recognize the end of it when it's upon you.
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news.goldseek.com >> 30 May 2007 |
"Gentlemen, Start Your Engines!"
By: Charleston Voice
I sense disappointment in the metals' performance today. I am disgusted as well, but let's look at where we are. Silver is ahead of gold in its bearish reversal. The SLV price has already made its 'double-pump' closes above its 8-dma, and its 8-dma (129.30) is but 3 cents away from closing above its 13-dma (129.66). GLD is puffing, but not struggling to break out as well.
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news.goldseek.com >> 8 May 2007 |
Stay the Curse, You Just Gotta Believe!
By: Charleston Voice
A real bummer for sure have been these last few months. Up, Down, Up and back down. I don't know about you, but I've been pretty much fully invested in gold and mostly silver stocks the whole period. This has surely been a whipsaw trading market.
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news.goldseek.com >> 20 April 2007 |
Whipsaw Trading & the Silver COTs
By: Charleston Voice
I don't know about you, but my total precious metals stock portfolio saw a loss of 4.3% from the high on 4/16 thru yesterday, 4/19. I rode it thru. I hope most of you did likewise. Even a ten percent decline, although they can pull at your gut, are really not enough to trade for a profit. Think about it. A 5% loss is but 5 cents on a dollar. Think about it - could you liquidate your portfolio and buy them all back within that spread?
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news.goldseek.com >> 19 April 2007 |
Look Ma, No Froth on Silver!
By: Charleston Voice
The beauty of this silver expansion is that it's advancing in baby steps. Yes, on balance the volume is up, which indicates sellers have gone away which is accounted for by the shaded green bars at bottom of price chart. What's nice is we have this baby step pullback this current week with a red-shaded bar without rocketing volume which appears at cyclical peaks. We've yet to see weekly volumes up to nearly 3 million shares where past corrections have occurred.
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news.goldseek.com >> 5 April 2007 |
Oil Producers are Getting Screwed
By: Charleston Voice
You see, we're not talking prices here, but relative values. We're going on nearly two years now where oil has been depreciating in precious metals terms. How much longer do you think OPEC or any other producer of anything will go on accepting exchange mediums (paper money) that are not rewarding the producers for their loss in natural resources and weakening national security? All paper monies have lost the required characteristic of being a store of value.
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news.goldseek.com >> 3 April 2007 |
L/T Bond Yields
By: Charleston Voice
30-Year Bond Yields continue to shine to the Upside. Even with today's higher dollar, investors aren't moving to buy the long term US bond debt. Rising MACD bars and a SlowSTO crossover two weeks ago giving us upside direction. A rising wedge will eventually have a breakout either higher or lower, and they tend to break in the direction they had been heading when the wedge began - - and that was up. We have some resistance at the red horizontal line at about 48.79, the swing high from the 4th qtr of 2005. All of this is precious metals bullish.
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news.goldseek.com >> 28 March 2007 |
US Blue Chip Stocks have been Losers for Investors
By: Charleston Voice
In nominal terms the Dow Jones has gained close to 30.5% for the last six year period. What US investors don't consider though is those dollars "gained" in the stock market have lost 28% in purchasing power over that same period. A "blue chip" stock investor's net gain a feeble 3%, without taxes, of course. Face the music, stocks are for losers. Don't wait for CNBC to tell you this.
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news.goldseek.com >> 27 March 2007 |
Gold & Interest Rates
By: Charleston Voice
One of my most favored charts is that of the risk premium (interest rates) paid on paper money compared to gold. Gold, "inflation's thermometer", can throw off quite a fever when paper money premiums get out of whack with the risk of holding paper compared to supply. Trees to make paper, and ink supplies are pretty well assured, yet gold is not. Gold mined increases on long term average by about 1-2% per annum. US paper has been clipping along at an 11%+ growth.
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news.goldseek.com >> 25 March 2007 |
Silver/Oil Correlation, Silver Refining, and Coins
By: Charleston Voice
Silver & crude oil pretty much move in tandem. However, in 2005 there was a divergence with oil climbing (due to Katrina?), and silver declining. As most of you know I use the weekly MACD & SlowSTO as useful indicators as well. The XOI (oil index) gave us a white bullish candle for the week as well as a positive turn in the MACD. Silver faded at week's end & failed to give us an upturn in the MACD. The SlowSTO is poised to cross, however. Maybe next week.
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news.goldseek.com >> 22 March 2007 |
Dollar Plunges at Fed Meeting Conclusion
By: Charleston Voice
The world is coming to realize that the Federal Reserve and its Enforcement Administrator, the US Treasury, have no place to hide. Do they "rescue" the dollar now with higher interest rates, or see to it their political co-conspirators are re-elected? Either way it doesn't matter to the banking cartel. They make money for their private banking cartel no matter what the direction. Can the dollar have enough juice left to even be jump-started by their banking allies around the world?
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news.goldseek.com >> 4 March 2007 |
Silver Sun Rising
By: Charleston Voice
In a bull market of anything it's very hazardous to short any participating component. You may want to sell and wait for a re-entry point at a lower price, but I would caution anyone not to go short with precious funds. As for gold and silver there are just too many imponderables out in the world today to think they will ever go down long enough for you to move in and out briskly.
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news.goldseek.com >> 1 March 2007 |
Too Soon to Remove the Canary
By: Charleston Voice
As far as supports, we've got one at 329 for the HUI, $660 on $GOLD, and $14.14 on $SILVER. The positive is we're still on track with the G/S Ratio favoring silver. We may yet go back up and test that 48 area, but I think we're solid to finish the week with the MACD bars (blue) still trending down.
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news.goldseek.com >> 28 February 2007 |
Where We Stand on Gold and Silver
By: Charleston Voice
Yesterday we gave you some thresholds for selling your PM (precious metals) stocks. Those support levels have held, and are still holding so far today. The criteria is based on the CLOSES of the indexes and your individual stocks being analyzed. Again, a greater than 2% close below the 25-day mov. avg. (green lines) is a trigger to sell whatever makes you comfortable. We hope that guidance yesterday kept your tail out of the "Whipsaw Ringer". It's your call, and even if the HUI is not down there (more than 2% below 25-dma on the close), individual stocks are not always in sync. Most of mine being juniors are especially volatile.
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news.goldseek.com >> 21 January 2007 |
Plain Vanilla Gold Stocks May Not be the Best Flavor Best in your Cone
By: Charleston Voice
From hitting a Ratio high of over 46 in late 2003, the number of silver ounces to "buy" the HUI has now hit its lower channel bottom of 24. In silver terms, the HUI has never been cheaper since 2001 when the Ratio was 10, and silver was on life support and being given last rites. Only in 2002 has the Ratio been lower at 20ish. Gold stocks are cheap.
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news.goldseek.com >> 18 January 2007 |
Silver Stocks, Gold Indexes, and the SLV
By: Charleston Voice
There would be little disagreement that silver outperforms gold in a precious metals (pm) bull market. There is also an argument that pm stocks give the investor additional leverage to outperform the metals. It is said the gold stocks outperform the gold metal by a ratio of 3-to-1. Maybe so. But, what has been overlooked by most is that silver as represented by SLV-ETF not only outperforms gold, it also shames the HUI, GDX & GDM by an easily recognizable graphic margin.
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news.goldseek.com >> 15 January 2007 |
Trading Silver - Profitably
By: Charleston Voice
For quite some time as most of you know I have relied on the weekly MACD and other indicators to trade. This weekend I have gone back to the books. I re-read Dennis Turner's 1975 book, Trading Silver - Profitably. I'd figured his strategies would have long since been antiquated especially since his computer models were accomplished with the archaic Fortran programming. Not so...or so it seems. Also, Turner was working with silver prices in the $1.40 range area!! In your dreams silver bug.
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news.goldseek.com >> 5 January 2007 |
Pundits, Pundits Everywhere, but Not a Drop of Sense
By: Charleston Voice
So, for right now I'm in the silver juniors/explorers with both feet. Only a little loose change remains in the till. Optimistically, I'm seeing the volumes are waning, an indication that the flushing is finishing. GLD & SLV are still being unloaded, yes, but when you compare gold/silver equity volumes of today with the week before Christmas and May we are in better shape. I will tell you this, that although I may have committed prematurely, there's no other place I'd rather be. Imagine if you had to make a decision to buy now? Would you?