tag:blogger.com,1999:blog-59034577295532127802011-11-27T20:25:34.965-05:00Bullion Bob's BlogClassicBobhttp://www.blogger.com/profile/02931359433242198359noreply@blogger.comBlogger211100tag:blogger.com,1999:blog-5903457729553212780.post-84477173014824095602011-10-12T08:45:00.006-04:002011-10-12T09:07:31.766-04:00Back from 'vacation'Ok, you're probably wondering why there haven't been any posts while the market's done quite a wild ride. Well, i haven't been off spending the profits from selling at the peak (wish i did) nor have i been wallowing in losses of the past two months (of which there hasn't been any). And no, i haven't been on a vacation, though i've taken a vacation from keeping an eagle eye on the market.Bad ClassicBobhttp://www.blogger.com/profile/02931359433242198359noreply@blogger.com0tag:blogger.com,1999:blog-5903457729553212780.post-31040405544123866112011-08-09T08:49:00.003-04:002011-08-09T08:56:34.823-04:00Storm before the calm?London's burning... Rome's burning... well, Rome's not literally burning but figuratively it is. The US is smoldering after last week's fire (both with the falling DOW and discounted credit rating). How much of the worlds unrest, be it political or economic is effecting the gold rally? Hard to say, the euro economies certainly are driving investors to look at safe havens.
Which leads me to ask, ClassicBobhttp://www.blogger.com/profile/02931359433242198359noreply@blogger.com0tag:blogger.com,1999:blog-5903457729553212780.post-80721214368900286022011-08-08T10:13:00.005-04:002011-08-08T10:24:24.718-04:00Breaking the barrierMany felt $1700 would be a strong barrier, though it cut through the resistance today like a hot knife through golden butter. Whether it stays there or not is no longer the critical issue, but once it's breached that resistance it won't have trouble returning to that level..
Look for some consolidation and profit taking, but looking at the shaky economic fundamentals, $2000 gold is well within ClassicBobhttp://www.blogger.com/profile/02931359433242198359noreply@blogger.com0tag:blogger.com,1999:blog-5903457729553212780.post-31756497830406865472011-08-03T14:25:00.002-04:002011-08-03T14:30:40.240-04:00seventeenSeventeen hundred is well within grasp after gold settled solidly above $1600 last week. Rallying to $1677 with ease today was unexpected for some. But economic fundamentals, with the US AAA credit rating wavering and Italy faltering, it's a run to precious metals for most investors.ClassicBobhttp://www.blogger.com/profile/02931359433242198359noreply@blogger.com0tag:blogger.com,1999:blog-5903457729553212780.post-63688690179222532822011-08-01T07:20:00.002-04:002011-08-01T07:24:56.676-04:00Blowing the roof..Yes, we got a deal to raise the debt ceiling. Initial reaction in the markets was positive to the news, gold and silver dropped, though not by much with silver still flirting with $40 and Gold still solidly above $1600. Obama may have succeeded in postponing the inevitable. With the US debt growing by the second, how much longer until they need to raise the debt ceiling again? Seems all that's ClassicBobhttp://www.blogger.com/profile/02931359433242198359noreply@blogger.com0tag:blogger.com,1999:blog-5903457729553212780.post-85147418133137480892011-07-31T04:44:00.004-04:002011-07-31T04:58:10.593-04:00The pendulum has swungSince my last post, the pendulum has swung. Gold is now solidly above the $1600 mark, with silver holding steadily on to the $40 level. Again, the gold bears are in hiding with a downside unlikely, and the bulls are about to take charge.Monetary crisis is deepening with the US facing a debt ceiling crisis and Europe struggling with it's continuing saga with the P.I.G.S. (Portugal, Italy, Greece ClassicBobhttp://www.blogger.com/profile/02931359433242198359noreply@blogger.com0tag:blogger.com,1999:blog-5903457729553212780.post-36356639749990666362011-07-21T03:59:00.007-04:002011-07-21T04:14:21.349-04:00The next move, up or down?Ok, we've reached the $1600 mark i mentioned last week, and gold seems to be holding steady at this level. It's the psychological barrier, and resistance so many have talked about, yet the question is will profit taking start a trend downwards, or will monetary policies drive the value of gold up? In reality it's driving the value of paper currency down further...The eurozone bandaid solutions ClassicBobhttp://www.blogger.com/profile/02931359433242198359noreply@blogger.com0tag:blogger.com,1999:blog-5903457729553212780.post-90912562159377511412011-07-13T06:56:00.002-04:002011-07-13T07:11:46.358-04:00Let the rallys begin...Gold has been teetering between the $1500-1550 resistance range for a while, undecided whether to turn in favor of the bulls or the bears. It this tug of war, it seems the bulls have pulled the gold rope over the line, breaking the resistance and rallying through $1570 yesterday. It seems $1600 is a near term certainty, the question remains how further could gold rally? Take into consideration ClassicBobhttp://www.blogger.com/profile/02931359433242198359noreply@blogger.com0tag:blogger.com,1999:blog-5903457729553212780.post-3946612807449296682011-06-03T05:44:00.006-04:002011-06-03T06:17:02.470-04:00Greece, Portugal crisis - what's the future hold?The Euro has been fighting off a crisis for the past year, starting with greece, ireland, now the financial portugal and greece again has come back wit a vengeance. How ill this effect commodity prices? It all depends on what currency you are relating to. Of course, there is pressure for the euro to go down in relation to Gold as well as the dollar, but will stronger dollar translate into a softClassicBobhttp://www.blogger.com/profile/02931359433242198359noreply@blogger.com0tag:blogger.com,1999:blog-5903457729553212780.post-80121582065836660632011-06-02T03:12:00.005-04:002011-06-02T03:44:01.585-04:00To coin a currency = InflationInflationary pressures have gripped the planet lately, with commodity prices rising at unprecedented levels. True, there has been some corrections in the markets, but the trend has not relented. With central banks printing money at will, the shaky foundation of stable economics has eroded. But there's another inflationary factor i've never really noticed before. Coins. What kind of coins you askClassicBobhttp://www.blogger.com/profile/02931359433242198359noreply@blogger.com0tag:blogger.com,1999:blog-5903457729553212780.post-90101401019127528342011-05-31T11:05:00.006-04:002011-05-31T11:19:12.702-04:00Base for the next rally?There's been quite a bit of market correction (or manipulation) in precious metals the past month. While gold was down less than 10%, silver's extreeme volatility took many traders out of the game, while some made nice profits. For the long term investor gold seems to be the safer haven, though silver shouldn't be written off yet...What we've seen in the markets is the settling of a new base, orClassicBobhttp://www.blogger.com/profile/02931359433242198359noreply@blogger.com0tag:blogger.com,1999:blog-5903457729553212780.post-6206945523667464892011-05-18T09:26:00.022-04:002011-05-18T10:20:49.013-04:00Crash and burn? or manipulation?This year has been quite a roller coaster in the precious metals, especially in silver market. With Silver peaking close to $50 just two weeks ago, we saw 1/3 of it's value wiped out in a week. Now many would suggest that even if gold was not in a bubble, silver certainly was. Pundits have argued that silver was undervalued all along, but to see a 50% increase in just 3 months seems to suggest itClassicBobhttp://www.blogger.com/profile/02931359433242198359noreply@blogger.com0tag:blogger.com,1999:blog-5903457729553212780.post-83794414143471009312010-11-16T06:26:00.002-05:002010-11-16T06:27:12.470-05:00Gold's upClassicBobhttp://www.blogger.com/profile/02931359433242198359noreply@blogger.com0tag:blogger.com,1999:blog-5903457729553212780.post-22502447384372219972010-07-16T08:18:00.003-04:002010-07-16T08:45:15.022-04:00Time to sell or buy?On my previous posting, i stated that gold prices are in a temporary summer retreat. Some analysist claim that this is the start of a downward trend. While there currently may be some downward pressure from the markets, I feel this is more of a correction than a trend. The fact is economic uncertainty and monitary pressures should continue to apply upward pressure on Gold and Silver. Trading any ClassicBobhttp://www.blogger.com/profile/02931359433242198359noreply@blogger.com0tag:blogger.com,1999:blog-5903457729553212780.post-45130945419738150182010-07-11T05:41:00.003-04:002010-07-11T05:48:00.883-04:00Temporary retreatSummer has always been a slow season, Everyone vacationing, enjoying the warm weather. Summer always takes pressure off the markets, be it stocks, commodities, or precious metals. This summer of 2010 may be the last window of opportunity to invest in Gold and Silver, as September may bring the second phase of the great Gold rally. to be continued...ClassicBobhttp://www.blogger.com/profile/02931359433242198359noreply@blogger.com0tag:blogger.com,1999:blog-5903457729553212780.post-74709718237849559572010-07-07T07:40:00.003-04:002010-07-07T07:55:40.526-04:00The Silver LiningInvesting in Gold, has been one of the most sound investments thoughout time. But Gold is not the only precious metal with secure value. Silver has been used as a lower currency denomination thoughout history. Silver coins, pieces of silver have been common trade instruments for centuries. The fact that 200 years ago Jesus was betrayed (sold out) for 30 pieces of silver, indicates this metal doesClassicBobhttp://www.blogger.com/profile/02931359433242198359noreply@blogger.com0tag:blogger.com,1999:blog-5903457729553212780.post-72598694642146803462010-06-30T23:48:00.002-04:002010-06-30T23:54:29.599-04:00Window of OpportunityGold prices have retreated temporarily. Now is your chance to buy.ClassicBobhttp://www.blogger.com/profile/02931359433242198359noreply@blogger.com0tag:blogger.com,1999:blog-5903457729553212780.post-24272341103166492742010-06-14T13:34:00.008-04:002010-06-18T06:52:35.599-04:00Sinking currenciesIs joining the Eurozone like boarding the sinking Titanic? An interesting article about Estonia's plan to give up it's own currency for the Euro...http://www.dw-world.de/dw/article/0,,5670009,00.htmlClassicBobhttp://www.blogger.com/profile/02931359433242198359noreply@blogger.com0tag:blogger.com,1999:blog-5903457729553212780.post-22428989572699597512010-06-12T04:00:00.011-04:002010-06-12T04:45:58.001-04:00Has the old top become the new bottom?The gold price has been quite volitile the past few weeks. Hitting the $1000 barrier seemed to be the top of he gold run in the past two years, this year it has broken $1200 more than once. In the past months it has not fallen below $1000, preferring to bounce in the $1100-1250 range. Have we entered a new bull run, or will we see the price remain stable in this range for the next year?CertainlyClassicBobhttp://www.blogger.com/profile/02931359433242198359noreply@blogger.com0tag:blogger.com,1999:blog-5903457729553212780.post-41179166439054899992010-05-18T06:23:00.003-04:002010-05-18T06:31:39.644-04:00NIA video: Economic MeltupClassicBobhttp://www.blogger.com/profile/02931359433242198359noreply@blogger.com0tag:blogger.com,1999:blog-5903457729553212780.post-25040258428255200082010-05-14T10:12:00.044-04:002010-06-18T06:55:31.130-04:00Securing your wealth in turbulent timesWhat's driving this record bull-run in gold?Why has the public been misled about economics, inflation, and gold?Learn how to secure your wealth with gold — easily and safely at low costThroughout history Gold has been a proven and secure investment in turbulent times. A decision to invest in Gold, as with any investment should be made wisely. While we would never suggest you put all your eggs inClassicBobhttp://www.blogger.com/profile/02931359433242198359noreply@blogger.com0