Average gold timer suddenly sees the glass as half full
MarketWatch
For most of the last several months, gold timers were inclined to see the glass as half empty. But in recent sessions they have begun to change their tune, seeing it instead as half full. And, from a contrarian point of view, that is not an encouraging development
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Precious Metals – General Discussion
by Gary Tanashian Safe Haven
As promised on the blog yesterday, NFTRH26 jumps right into the only sector that stands a reasonable chance of success during the current and ongoing economic contraction to end all contractions. That sector is of course the precious metals and in particular, gold. The bounce in human spirits that NFTRH has dubbed ‘Hope ‘09′ appears to be nicely in progress. But this is actually a resetting of unsustainable negativity as the Obama administration initiates its change;
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Silver, Gold & Crude Oil Taking A Breather At Support
Gold Eagle
Last week all three resources pulled back after posted gains the week before. This week will be interesting with gold trading at support, silver just above and oil looking like its going to come down and test support as well. This week I figure we will see some bounces or breakdowns occur. Gold is currently at support and really giving the support line a run for its money. If this trend line support is broken I figure we will see $87.50, which is the next technical support level.
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Silver—Gold’s Poodle?

By: David Morgan, Silver Investor
Last week I updated our readers about a video shot at the Orlando Money Show. This week I have two videos where we discuss the ups and downs of the silver market and how silver differs from gold as an investment. Gold gets most of the press and silver always seems to be in second place, and it will probably stay that way until we get to the blow-off phase of this precious metals bull market. During the panic buying phase or mania that accompany the blow-off phase, gold will be outside the price range of many people. Anyone seeking any protection from the destruction of the U.S. dollar will buy whatever they can, and that is silver.
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Bailout Economics: Politics of Self Destruction
By: Axel G. Merk, Merk Investments
The patchwork of attempts to prop up the financial system has taken on a life of its own – we call it bailout economics. At every step, Adam Smith’s “invisible hand” to guide the economy has become less evident. Back in the 18th century, the economist coined the term as a metaphor for the self-regulating nature of free markets. Economic booms and busts are as old as mankind, but each time a crisis occurs, policy makers want to ensure that the same disaster will never happen again. Most of the time, instead of fixing crises, policy makers place the seeds for even greater problems down the road.
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Gold Remains in Established Trading Range
Goldline
Gold is up $6 in early trading after trading lower overnight and in the electronic pre-market. However, silver remains down $.06. The Dow Jones Industrial Average is down heavily losing 240 points in the first half-hour of trading. The dollar is up 65 basis points at 85.77 and oil is down $2.16 at $50.20 a barrel. There are tens of thousands of people demonstrating at the G20 meeting in London. Vice President Biden has urged them to be calm and patient to give the G20 ministers a chance to significantly work on the difficulties facing the global economy.
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Inflation is Coming
Blanchard Economic Research Unit
With the amount of volatility in the financial markets, it is hard to look too far into the future. Investors, as well as the government, are purely looking in the short term when it comes to the economy. However, if the past has taught us anything, to do well in investing, one must look beyond the short term. If you look towards the horizon, no one can argue that inflation is coming. How long will it take to get here and how bad will it be are questions that remain to be answered – some experts believe we will see inflation like we did in the late 1970s.
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Gold Rises in London as Dollar Weakens; Set for Quarterly Gain
Bloomberg
Gold rose in London, heading for its best quarter in a year, as a weaker dollar boosted demand for the metal as an alternative investment, and as some investors bought bullion after a two-day decline. The dollar fell as much as 0.8 percent against the euro. Bullion, which yesterday traded at its lowest since March 18, and the dollar have returned to an inverse correlation in recent weeks after moving in tandem for most of 2009 as investors sought havens from bank failures and plunging stock prices.
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