Here is what it means... Basically this ratio had better find support right here at the SMA 50 or I am going to once again cover the silver short in ignominy and let gold and silver miners ride naked and free. Here is what else it means... unless gold can establish dominance in the short term ( ... Read more

From the Kudlow show... Rick Santelli recalls Paul Volcker thusly: "I can't remember the exact quote but when I used to trade and Mr. Volcker was Fed chairman, he said something like 'gold is my enemy, I'm always watching what gold is doing', we need to think why he made a statement like that. If yo ... Read more

Yeh, it's on the NGD theme again. Here is the GBG-NGD ratio chart. I already owned the under performing GBG but decided to add based on its nominal chart and based on the ratio to the already sold NGD. GBG, he of the diluted stock but desirable US and South African properties. addthis_url = l ... Read more

In 1999, the price of gold bottomed after having ridden the post-Volcker era down along with treasury yields. This was due to the sound policies the former Fed chief rammed home and the confidence that ensued. Enter the Maestro, Greenspan, who inherited the benefits of this sound policy and us ... Read more

You know, I sit here and twittle my charts and bitch about this and that, but there are some real heavy weights out there who really know how to get to the point, whether written or spoken. Like Karl Denninger for example, flipping the bird to China in this open letter . "Let me give you a piece ... Read more

They are tired, yes. Pissed off too. The government has this rigged and set on autopilot. Goldman Sachs runs everything out of the penthouse office. Money printing as far out as the eye can see. We don't have free markets and this is the run up to the new, fascist world order with Rockefeller a ... Read more

...which is another way of saying I took profits on NGD and bought HMY, as the HMY-NGD ratio suits this bottom feeder just fine. See, you can find nice bottom feed opportunities even in a speculative blow off! Seriously, after owning Metallica Resources (MRB) for years from 1.00, I am now offic ... Read more

Yes, I wrote that in NFTRH. Actually, I think it was 460 and adjusted to 470. Anyway, it is not like I am surprised. Disgusted yes, surprised? No way. I have seen this movie before. I am not so much bearish on silver as I am on speculative excess in general. And the silver boyz can get as frothy a ... Read more

We have greed and hubris on full display as hope morphs from something pathetic and pitiable into something downright evil. The US dollar is trashed once again and a casino full of players continues to try to make itself whole again after last year's disaster. And why not? There is no downside, no l ... Read more

GSR is about to be hammered this morning if US markets open as they currently stand. This could invalidate the 'Not buyin' it' post from a few days ago. I am going to get pissed off and then just deal with it. Whether it means covering shorts or whatever. This is the market we are given. ... ... Read more