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…)

Today we could be seeing the beginning of a small correction in gold and gold stocks.

The gold price is down over $26 and the HUI gold mining index has lost over 25 points whilst the XAU has dropped more than 10 points (read more…)

Bob and Sam Kirtley, along with some other members of the team that run www.gold-prices.biz www.silver-prices.net and www.uranium-stocks.net are now heading into travel mode for next few weeks.

The trip is part business, part pleasure and we will be accompanied by a laptop the whole while and so will do our best to answer all enquires and provide commentary on the markets whilst on the move. This may explain if articles are published outside of their usual pattern.

Its been a great week for gold so far, with the yellow metal breaking through $800 on Friday and this week we have seen gold prices shoot up to near their all time high, climbing as high as $845.

We are briefly going to look at the short term and the long term prospects for gold, which are quite different in our opinion (read more…)

From the chart below it is clear that the US Dollar is in a downtrend, showing very little signs of strength as it continues to fall having broken through its key support at 80. After such a sharp drop, one would expect the USD to go through a “sucker bear rally”, that is a small rally within the downtrend.

However we have called the area below 80 on the US dollar index as “The Abyss” and now that the dollar has fallen into this abyss, why should it rally at all (read more…)

Going into the weekend just couldn’t be better with gold gaining $15.80 today. A quarter point rate cut, oil pushing towards a $100/barrel, money being printed as the medicine for all financial ills and the credit crunch not over yet (read more…)

An interesting article popped up this week regarding the outstanding short positions on Silverado’s stock. The article was carried by PRNewswire-FirstCall referring to Buyins.net who said (read more…)