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…)