Regardless of any near term rallies based on deflationary scares, over-valued foreign currencies or what have you, the US Dollar is sickly in the big picture. It is why I am bullish on gold in the big picture as an American. Now, I am not bullish on any major currency that denominates a nation ... Read more

This week gold and the HUI had their "it's showtime!" moments by [bullishly] rising above the necklines of their bearish topping formations. Now the same thing is in store for Mr. Dow in his relationship to gold. It's showtime except that for Dow it is the opposite scenario. The daily Dow-Gold ... Read more

Global markets are not looking good pre-NY open. Crude oil is blowing off but if that is the reason gold is rising then contrary to what some gold bugs think, it is not the primary fundamental. That would be the unwinding credit system. I have not forgotten my bearish call on oil fr ... Read more

Recall I did some buying on the plunge to the 380's but also kept plenty of dry powder given the neckline break and lower targets. I have fully expected HUI to retest the neckline breakdown. But like gold itself, perhaps the gold stocks have had enough of this foolishness. They are close but no ... Read more

My friend Otto Rock - a much smarter fundamental stock analyst than me - has made a bet with yours' truly that gold will see 900 before it sees 850 . Of course Otto is right about the fundamentals and I expect that 900 level to be vaporized in a rush to much higher levels sometime over the next 6 ... Read more

To me, the case is pretty cut and dry as far as Huey is concerned; BUY THE WASHOUTS ONLY until resistance around 420 is taken out and held. But bag holders like myself can afford to have that attitude because of the core holds that were ridden down to these levels. At the noted green arrow wash ... Read more

The 18 month exponential moving averages have been very reliable long term gauges for many markets. It's simple; above the 18 is a good market. Too far above it needs correction. Below it is not good. If the SPX makes a monthly close above the 18, I will take it more seriously. Gold is clearly shown ... Read more

It is getting there. Emotions are being reset and expectations are being re-calibrated all around. It's over gold bugs... market says so! Bottoming pattern says 172 for the Dow-GLD ratio shown here. But this thing could Fib out at 50% considering the over bought status. Regardless, the risk/rew ... Read more

Ah, there's always a BUT isn't there? As noted previously, there are many obstacles in the way of the Dow's climb, notably the down trend line from the October high. Today bully is flirting with this line but it is Fed day and well, ya know, things have a way of getting woogly on Fed day. Also, ... Read more

Considering that the now blessedly over sold gold miners' are rapidly approaching the first target (370, 350 & 325 - see HUI weekly chart analysis on the COW from this morning) and considering everyone sees the H&S top in gold and considering that no one but NO one has been orderin ... Read more