saveyourassetsfirst3

Gold Miners Index Suggests Even Lower Prices In Coming Days or Weeks
GOLDRUNNER: THE GOLDEN PARABOLA
Gold Still Misunderstood by Many Analysts
silver solder
SILVER BULL
Feb 12, 1851 : Edward Hargraves discovers Gold at Bathurst
Silver Bullion Backwardation Suggests Supply Stress

Gold Miners Index Suggests Even Lower Prices In Coming Days or Weeks

Posted: 13 Feb 2011 02:55 AM PST

The past couple weeks I have been keeping a close eye the price of gold and the gold miners index. I check to see if its pointing to higher or lower prices in the near future using inter-market analysis, price and volume, along with technical analysis. At this time the charts are still pointing to lower prices in the coming days or weeks. Words: 530

GOLDRUNNER: THE GOLDEN PARABOLA

Posted: 13 Feb 2011 02:55 AM PST

Gold is in an historic Bull Market because most nations are printing their paper currencies like they are going out of style (and maybe they are) as each nation tries to battle off the massive deflationary backdrop of debt that has permeated most of the world. This surge of debt monetization - this devaluing of the U.S. Dollar for one - has set the scene for a parabolic rise in $Gold to $1860, or even more, over the coming months before an intermediate-term correction takes place. Let me explain. Words: 2056

Gold Still Misunderstood by Many Analysts

Posted: 13 Feb 2011 12:49 AM PST

Pater Tenebrarum submits:

It amazes us that in the 11th year of the gold bull market, there are still so many people around who fail to understand gold on the most basic, fundamental level. One of them is of course none other than the Big Cheese of the Fed himself, Ben Bernanke. However, while everybody should be slightly worried by the Fed chief's admission that he 'doesn't understand gold', and is 'puzzled by its price rally', he is at least admitting it. The irony is of course that he, Bernanke, through his actions, is one of the chief instigators of gold's price strength.

Before we delve into this further, we would like to point out that there has been a proliferation of articles recently that bemoan the allegedly short term bearish technical condition of gold and gold stocks. Here are two well-reasoned examples – the first one is by Chris Vermeulen at Minyanville

Complete Story »

silver solder

Posted: 12 Feb 2011 07:46 PM PST

Hi all, I tried a search but could not find anything relevant to my question. I have 45 pounds of 6 to 8 percent silver solder. Is there a market for it? Is it something worth keeping around? I would like to sell it since it has been around for many years. I picked it up from an old friend who was a plumber and saved all his little bits.

SILVER BULL

Posted: 12 Feb 2011 01:59 PM PST

I've pointed out in the past how consolidation size is usually predictive of how large a move will be once a breakout occurs. I thought I would take a quick look at the silver bull today using that criteria.

As most people know I'm mostly interested in silver during this bull market. I really doubt that I will ever buy another oz. of gold again.

So let's start by taking a look at the long term chart of silver.

As you can see the consolidation principle works perfectly in the silver market. So far we've had three major consolidations and each one as been followed by a powerful rally driven by the size of the preceding consolidation.

The relevant fact is that the longest consolidation has also produced the biggest breakout. If that continues to hold (and I think it will) then the current rally is probably only half over.

A meager 46% breakout is way too small for a 30 month consolidation. If I had to guess I would say silver might be in the process of forming a triangle consolidation pattern, especially if gold has one more drop down into a final intermediate cycle low.