To bring you a different viewpoint we are posting this article by David Galland, the Managing Director of Casey Research with the intent of adding some balance to the debate, please feel free to add your comments.

Casey Research- International Speculator

The current “battle” in the gold market is around the $900 level, a fairly steep retrenchment from the recent highs of $1,011. Some investors, their hopes dashed that $1,000 would be quickly and decisively overrun, are seeing disaster in this correction and dropping their gold as they run for cover.

So… do we at Casey Research think we’re now seeing a reversal in gold’s fortunes (read more…)

During the last major rally in gold prices, gold stocks made some great gains and investors such as yours truly were happy to take good profits on the gold mining companies we had bought over the summer doldrums. However we should have seen a much better performance.

Firstly, lets take a look at some of the main investment vehicles (read more…)

To bring you a different viewpoint we are posting this article by David Galland, the Managing Director of Casey Research with the intent of adding some balance to the debate.

Casey Research publishers of BIG GOLD:

Doug Casey, my partner and Casey Research chairman, describes his secret to making life-changing investment returns – and hanging on to them — as “Being bold when everyone else is timid, and timid when everyone else is bold.”

But putting a pleasant-sounding utterance into practice is far different than just parroting it.
Especially if you have taken an interest in gold shares over the last year or so (read more…)

As we are now of the opinion that the US dollar may spend some time going sideways, or perhaps even making some gains, we also now think that precious metals are going to take a significant drop.

We know we may sound a bit like a broken record, but gold is still too far above its 200 day moving average! This gap must be closed, and we think that closure will happen within the next couple of months. That means a $100 haircut for gold, which will hit gold stocks hard and also drag the silver price south (read more…)

It is quite an unusual occasion to see a major currency in a developed country lose more than 10% of its buying power in less than a year. However, these are unusual times!

But no matter how dire the fundamentals are for the greenback, it should still (read more…)

Both the US dollar and gold are at key short term turning points at the moment.

The USD is forming a triangle channel which we think it will break out of within the next week or so. However the technical indicators have yet to provide a clear signal on which way the USD will break. The obvious answer which most gold bugs will say almost instantly, is (read more…)

As we can see from the above chart gold has performed magnificently by bursting through the $1000/oz barrier before dropping back to take a well-earned breather.

The two points of note on the chart, in our humble opinion, are that the gap between the price of gold and its own 200 day moving average is still significant at $100 plus, which can be interpreted as negative for gold. The other significant point is that the MACD could experience a golden crossover shortly if the black line turns up through the red line, which is usually a positive sign for gold (read more…)

Having fallen around $100/oz and scared a few investors along the way, we now see gold resuming its march north with considerable gusto (read more…)

Having attracted the attention of the media with its record braking run to top $1000/oz, it will be interesting to see just how many of those watching will view this correction as a buying opportunity (read more…)

Its difficult not to get carried away with the euphoria when the precious metals, gold and silver are at all time highs and the next stop appears to be the moon.

The last couple of days of trading has seen our sector of the market take it on the chin (read more…)