Paul Tustain, the Director of BullionVault, recently pointed out that the real cost of Northern Rock to the British taxpayer is $10,000 per household. We view this as utterly ridiculous, that taxpayers money is being used to prop-up a private business, but we have voiced our opinions on the Northern Rock saga in a previous article.

So although Northern Rock may cost over £100 billion, the bigger cost will be the collapse of the fiat currency system (read more…)

This is a competition for mining bugs which is free to enter and the winner will get a rather nice bottle of wine. All you have to do to win this fabulous prize is the following (read more…)

After peaking in early November, gold prices have traded to form a symmetrical triangle formation as shown on the chart below.

The fact that this triangle appears to have formed means that gold prices are getting ready for a breakout (read more…)

Having outperformed most other asset classes over the last few years, gold eyes another hurdle, simmering against a back cloth of illusionary figures.

First up is the once trumpeted housing market, driven by unrealistic expectation and fuelled by lending organisations with less scruples than a river boat card shark (read more…)

Just a quick note that we have bought addtional shares in Yamana Gold for an average cost of US$12.89 in the past few days and we are signalling an additional BUY at these levels (read more…)

Just a quick note that we have bought addtional shares in High River Gold for an average cost of $2.57 in the past few days and we are signalling an additional BUY at these levels (read more…)

On 2nd November 2007 we mentioned that the US Dollar could put in a Bear Rally which could take the froth off gold prices, this bear rally is now in progress as we can see from the above chart (read more…)

Having corrected slightly from their highs, gold stocks are now looking to start the next leg up of this rally.

It looks as if this small correction is coming to a close and although we may see a period of consolidation, the downside now appears to be limited at (read more…)

The front page of the Financial Times caught our eye with a story about the troubled UK bank Northern Rock.

As many of you will know Northern Rock is basically going bankrupt as a result of its loses from the mortgage market. The bank was following lending policies that are in our opinion extremely risky, if not plain reckless. When a bank is lending up to seven times the salary, for 125% of the value of the property, all on self accreditation, trouble is bound to surface. The CEO of Northern Rock has announced (read more…)

In this market, the inverse relationship between gold and the US dollar is one of the most crucial aspects to watch. Recently, gold was overbought and the US dollar was oversold, so some form of correction beckoned as we told readers of www.Gold-Prices.biz and subscribers of The Gold Prices Newsletter.

From the chart above one can see what a precarious position gold is in at the moment (read more…)