The purpose of gold is to protect purchasing power and hedge against inflation but gold is not immune from speculative bubbles and overvaluation and when the price of gold is compared to the CPI index it is clearly evident that gold has become overvalued.
Read More »3 Signs That Gold, Silver & PM Stocks Have Finally Bottomed (+2K Views)
Gold, silver and precious metals mining stocks are still nowhere near long-term or secular bottoms but I believe they could be approaching short-term tradable bottoms in the coming days or weeks based on the following 3 signals:
Read More »Don’t Buy Gold Until Price Falls Below $1100! Here’s Why (+2K Views)
An analysis of the ratio between the market capitalization of gold and the gross world product over the past 63 years suggests that the current price for gold has further to fall and that it would not be wise to begin buying gold until prices have fallen below at least $1100 - and not expect gold to appreciate beyond $2,000 any time soon. Here's why.
Read More »Present Gold Price Is No Surprise & It Likely Will Decline Even Further – Here’s Why
Much has been written over the years about gold going up dramatically in price to $5,000, $10,000 and even higher yet here we sit at $1,250 or so. Surprised? You shouldn't be. Below are articles outlining why the decline is underway and what to expect as a bottom price.
Read More »