The HUI gold stock index has continually traded within tightly bound trading ranges during each phase of this gold bull. During 2006, and the first half of 2007, gold and gold stocks were fundamentally driven by the collapse of the U.S. Dollar and rising inflation. Even with the parabolic surge in commodities resulting in new [...]
Gold - New Highs, or Continuation of the Trading Range?
July 15th, 2008 · No Comments · Gold and Silver Stocks, HUI XAU Index Charts
Tags: Gold stock charts·HUI Gold Stock Index Chart·Japanese Yen Chart·Trading Gold·US Dollar chart
Bernanke to US Dollar: “You’re On Your Own”
June 25th, 2008 · 1 Comment · Gold and Silver Stocks, The Fed & US Treasury Policy
What happened to the Ben Bernanke who just weeks ago, seized the “strong dollar” gauntlet from the Treasury Department, and led both Hank Paulson, and President George W. Bush in calling for a stronger dollar?
What happened to “that” Ben Bernanke?
Here’s all we got out of Ben Bernanke in today’s Fed meeting….
– No leadership.
– No guidance.
– And [...]
Tags: Ben Bernanke·Federal Reserve meeting·Gold·Gold chart·Hank Paulson·The Bernanke Buck·US Dollar·US Dollar chart
June 2008 YTD Charts: Gold vs. Currencies
June 8th, 2008 · No Comments · Gold & Silver Charts
This may surprise you. Who would have thought that fiat currencies like the Swiss Franc, or the Australian Dollar, would actually be outperforming gold year to date?
Fed Chairman Ben Bernanke & Treasury Secretary Hank Paulsen’s “competitive devaluation” policy, along with runaway government spending and deficits, have sank the U.S. Dollar to where it’s now actually [...]
Tags: Alan Greenspan quotes·Ben Bernanke·GLD·Gold chart·Mexican Peso·US Dollar chart