Since bottoming in 2001, gold has seen a two-steps-up, one-step-back rise, and Monday's big drop is nothing more than the start of the one-step-back part.
I believe the proposed silver ETF can be the biggest thing for silver since the Hunt brothers.
China's announcement of wanting to diversify their foreign-exchange reserves holdings is going to have a profound effect on financial markets worldwide.
Gold's momentum is likely to take it to either side of $600, but then a serious correction is likely to unfold.
Gold has corrected nicely and is now ready to begin working higher into the New Year with the recent highs around $540 a likely target faster than most people think.
Gold continues to defy the bears, skeptics and even ardent bulls all of whom continue to pay little or no attention to one of the most powerful factors driving the secular bull market.
There are increased geopolitical tensions, mainly from Iran. Also, the topping of the U.S. dollar is now evident.
Copper continues to defy gravity and crush bears like me. There's no rhyme or reason for it -- but tell that to our margin calls.
There should be no doubt that gold remains in a secular bull market.
After an overflow of bullishness at the beginning of the New Year, the gold market has entered a broad trading range between $535 and $570. This is allowing a very overbought situation to correct itself and set the groundwork for an assault on $600 this spring.
The news of an attack on an oil facility in Saudi Arabia is just an example of the many different geopolitical events that underpin the secular gold bull market.
Strong physical and investment demand, increasing geopolitical concerns here and abroad and the likelihood of a resumption of the bear market in the U.S. dollar, are all factors that should drive gold towards its all-time highs.
The U.S. dollar counter-trend rally is over and a resumption of the secular bear market is under way. This and geopolitical news out of the Middle East are the fuel for a run to $600.
They have so gallantly dealt with this devastating illness.
Anyone still not yet on board the secular bull market in precious metals are being left in the dust.
I'm delighted Joe is willing to donate his time to appear at Millstone Day.
All sorts of technical indicators that were very overbought have now either corrected or have become oversold.
