Ed is a former Howe Street broker. During the late ’90s, while many Wall Street firms were abandoning commodities altogether, Ed toiled for his clients on the Vancouver Stock Exchange. He was able to make his clients money even during the most vicious bear market for gold in the past two generations. Ed is now excited to take his skills and knowledge of precious metals and apply them to one of the biggest bull markets history has ever seen.
A subscriber and friend, Laurence Hunt, who lives in Canada, as do I, made some comments to the effect that the Canadian socialized medical system is better than a free market medical system.
This is a very prevalent attitude in Canada. Here was the main thrust of his argument:
“The Canadian system ...read more
Responding to growing concern about the quality of the Federal Reserve System’s assets, former Federal Reserve Governor Lyle Gramley told reporters last week that “You have to reckon with the fact that one of the Fed’s assets is gold certificates, which are priced, as I remember, at US$42 an ounce, ...read more
Gold bulls are going to attempt to raid Comex’s vaults by forcing delivery on their December futures contracts (tomorrow, Dec. 19). Who can tell how that will go? I can’t. But it’ll be interesting to watch.
Facts: The open interest in futures contracts on the Comex has fallen to its lowest ...read more
The late November rally in gold prices wasn’t quite as spectacular as mid-September’s gain, but it was still impressive. There was good follow-through too, though the momentum softened as bulls knocked on resistance near $850.
The rally was a no-brainer. There is a strong line of support at $700, which was ...read more
There are only two things gold bulls should worry about from this point forward, now that the general commodity correction is out of the way and the froth has been worked out of the market: deflation in the strict sense of the term (monetary, not asset deflation) or a suddenly ...read more
The title of this alert just means the value of something is what the market says it is. It does not mean that value won’t change tomorrow, and it does not mean that if the direction of the market changes tomorrow, it was wrong about today.
If the market says that ...read more
There are an unusually large number of bears roaming our neighborhood this fall, and I am not talking about stocks or commodities.
I know of two actual bear attacks since July — I guess that is not all that surprising in the Pacific Northwest. Just last week, my neighbor surprised one ...read more
The charts are playing tricks. A bear trap in April stopped short of turning into an all-out bearish failure with a bull trap in July.
In English, please? The bulls got suckered.
Gold prices fell through their $850 May low now, which means that I was wrong to think that the market ...read more
This deal is a must-own for your portfolio…
But before I tell you what it is, I want to give you a sense of how big this really is: It’s exactly like being there for the birth of the offshore oil and gas industry.
This industry, born of the 1970s energy crisis, ...read more
Last week we saw a bounce in the stock market that threatened to send the price of gold down to the $920 mark. After a lightening advance celebrating the approval of the quasi-nationalization of America's too-big-to-fail mortgage providers, the market caved on reports of continued stress in the homebuilders.
The Dow ...read more
