Rickards provides a good dose of advice in this above video for everyone interested in gold and all that own it.
Gold Investing and Gold Stocks News
The gold-mining sector is on the verge of flashing the fabled Golden Cross buy signal. This is one of the most powerful and revered indicators in all of technical analysis.
I explain the real reason I think gold fell. It has nothing to do with Ukraine or the Fed even in my view.
Gold’s strong rebound upleg this year has been driven by big gold-futures buying. After abandoning gold last year, American futures speculators are returning to the yellow metal in droves.
Today the HUI closed above 250. Today the gold bugs won. This is their victory song.
The HUI now has resistance at 250. This isn't just it's recent peak, but the resistance point of it's enter stage one base.
There evidently at that PDAC were few that were bullish and everyone is "cautiously optimistic" - which is phrase that really means nothing.
Their price patterns suggests a classic consolidation pause within a bigger uptrend.
I just did an interview with Jordan Roy-Byrne of thedailygold.com about the current action in gold and gold stocks. Jordan applied an interesting analog analysis of gold prices to understand what they are doing now and likely to do over the next few weeks and months.
Just a few weeks ago a Wall Street company launched a slew of gold exchange traded funds that some are out promoting that I think will only hurt people.
Do you own any gold or silver? Do you own any physical assets at all or are your investments solely dependent upon what the US stock market does and the wisdom of the United States government?
There is much that you can learn from the market by listening to and following people who are doing things smart. Buffett's comments in this upcoming letter point the way.
In this interview Ike talked about the price of gold and what he projects is likely to occur with gold prices in the next few months.
Gold stocks have been on fire this year, blasting higher to 2014’s pole position of best-performing sector. And this powerful rally’s internals are looking as good as its headline gains.
What is interesting is that it isn't just gold and silver and the mining stocks that are breaking out, but lots of different commodities too.
Today gold stocks closed above their 200-day moving average after basing below it now for months.
Today gold stocks popped up so much that most of them are now sitting right below their long-term moving averages. They have been building a stage one base and once they clear their resistance at their long-term moving averages they will begin a full blown stage two bull market.
As you probably know I've been watching gold and mining stocks like a hawk since the start of the year, because I expect them to begin new bull markets this year...it looks like it can now begin at any moment
While the stock market has been falling gold and gold stocks have been doing well so far this year.
Today Steve Liesman - who acts as a spokesman and propagandist for the Federal Reserve on CNBC - announced that the Federal Reserve may stop its "tapering" of its QE money printing operation.
If you become a gold bug and sells stocks and buy physical gold it means that you are taking your money out of your brokerage account and the Wall Street money system.
I bought investments in Greece and Europe when CNBC told me not to do so in 2012 and will likely being buying more gold and commodity related investments this year too - and part of the reason is the crazy negativity towards them by the useless CNBC talking heads.
I did an interview with the Canadian talk radio show This Week in Money over the weekend.
He thinks the stock market will drop on worries next year on Fed "tapering." And in response the Fed will get scared too and PRINT MORE MONEY!
The NYSE and Nasdaq will close today for trading at 1PM and will be closed all day tomorrow for Christmas.
The media is always way too negative over a market at a major bottom. And today they are way too negative on gold.
The move must be put in context of the larger trend.
Yesterday we saw a sharp drop in gold prices and mining stocks as gold fell down towards 1300 an ounce after having been over 1400 an ounce just the other week. In my view gold and mining stocks are still in the process of forming a stage one consolidation base after making a bear market bottom in June, which should come to an end soon, probably this month after next Thursday's FOMC meeting.