Chart usGOLD   Chart usSILVER  
 
Food for thought
Modern man drives a mortgaged car over a bond-financed highway on credit-card gas
Earl Wilson  
Search for :
LATEST NEWS  :
MINING STOCKS  :
Subscribe
Write Us
Add to Google
Search on Ebay :
PRECIOUS METALS (US $)
Gold 1203.40-8.45
Silver 16.61-0.46
Platinum 1249.90-8.80
Palladium 786.75-5.50
WORLD MARKETS
DOWJONES 1703668
NASDAQ 4541-8
NIKKEI 15658104
ASX 545726
CAC 40 4104-7
DAX 9022-61
HUI 173-5
XAU 69-4
CURRENCIES (€)
AUS $ 1.4322
CAN $ 1.4101
US $ 1.2604
GBP (£) 0.7877
Sw Fr 1.2059
YEN 137.3810
CURRENCIES ($)
AUS $ 1.1365
CAN $ 1.1187
Euro 0.7934
GBP (£) 0.6250
Sw Fr 0.9567
YEN 109.0030
RATIOS & INDEXES
Gold / Silver72.45
Gold / Oil14.93
Dowjones / Gold14.16
COMMODITIES
Copper 3.120.01
WTI Oil 80.61-0.85
Nat. Gas 3.720.07
Market Indices
Metal Prices
RSS
Precious Metals
Graph Generator
Statistics by Country
Statistics by Metals
Advertise on 24hGold
Projects on Google Earth
Back to Bullish on PM Sector
Published : February 20th, 2012
396 words - Reading time : 0 - 1 minutes
( 2 votes, 5/5 ) Print article
 
    Comments    
Tweet

 

 

 

 

Closed out my "short senior Gold stocks" trade last week for good profits. My subscribers and I bought the early Thursday AM lows in senior Gold stocks and silver. Think we have begun a 4-6 week bull run into a spring top. After that, we'll have to wait and see what happens.

I will be very interested to see how Gold does during this move. I think it re-tests the 2011 summer highs. Here's a one year daily chart thru Friday's close:




After the spring top in mid to late March, we'll likely get a significant correction. A new all-time high in Gold would likely indicate a milder correction than if the price gets stopped at or before the old highs. Either way, I am bullish for the next month in the precious metal (PM) sector for my trading account and think all PM sectors will do well.

Longer term, I own physical metal and don't worry about it as an investment at all. Now that the ECB is trying to [further] undermine the integrity of its bond markets by putting itself at the front of the line and subordinating other European sovereign debt holders in the Greek debacle, the final pillar is coming into play. That pillar has been pointed out by Mr. James Sinclair at jsmineset.com and it is that of the bond markets of the Western world. Once people are seriously worried about the safety of bond markets and currencies, Gold will really start to, ahem, shine. Everything is lining up to create "the mother of all bull markets" in Gold and silver.

Of course, this is all just a normal reaction to the financial mania that preceded the current secular Gold bull market. A secular correction in the
Dow to Gold ratio down to 2 or less (we may well go below 1 this cycle) will teach everyone to avoid common stocks forever. Everyone will have learned their lesson the hard way. This, of course, is when it will finally make sense to buy common stocks again as a "buy and hold" proposition. In the mean time, it's all about the bling bling for this secular cycle. All you have to do to ride the wave is buy pieces of shiny metal and watch your wealth and real purchasing power grow while paper assets are debased into oblivion. What could be easier?

 

 

 

Tweet
Rate :Average note :5 (2 votes)View Top rated
Previous article by
Adam Brochert
All articles by
Adam Brochert
Next article by
Adam Brochert
Receive by mail the latest articles by this author  
Latest comment posted for this article
Be the first to comment
Add your comment
TOP ARTICLES
Editor's picks
RSS feed24hGold Mobile
Gold Data CenterGold & Silver Converter
Gold coins on eBaySilver coins on eBay
Technical AnalysisFundamental Analysis

Adam Brochert

Adam Brochert is the editor of Gold Versus Paper.
Adam Brochert ArchiveWebsiteMake a donation
Most recent articles by Adam Brochert
7/22/2013
4/7/2013
1/7/2013
11/1/2012
9/27/2012
All Articles
Comment this article
You must be logged in to comment an article8000 characters max.
 
Sign in
User : Password : Login
Sign In Forgot password?
 
Receive 24hGold's Daily Market Briefing in your inbox. Go here to subscribe or unsubscribe.
Disclaimer