tag:blogger.com,1999:blog-89585002009-06-15T10:16:50.172-05:00Observations on the market action and the implications of the gold and silver markets.goldpricenoreply@blogger.comBlogger320125BobsGoldPriceColumnhttp://feedburner.google.comThis is an XML content feed. It is intended to be viewed in a newsreader or syndicated to another site.tag:blogger.com,1999:blog-8958500.post-38323553549500839712009-05-29T23:18:00.003-05:002009-05-30T01:04:32.894-05:00

The gold price has made a new monthly closing high in this current bull market in gold.There are going to be many money managers and other types that will sit up and take new notice of gold because of its new bull market monthly high closing price. This is an all time monthly gold price closing high, too.

Bobhttp://www.blogger.com/profile/09244817033388738333noreply@blogger.com0http://goldprice.org/bob/2009/05/new-gold-high.htmltag:blogger.com,1999:blog-8958500.post-65321209000915013272009-05-29T09:45:00.004-05:002009-05-30T08:43:33.020-05:00

The history making growth rate and amount of US government debt assures a higher US dollar price of gold and silver, including virtually all other government fiat token prices.The US has to borrow almost $3 billion dollars a day to maintain its standard of living. And, it doesn't create amounts of real wealth anywhere near like it used to. To pay off the debt, or seriously reduce it, it would

Bobhttp://www.blogger.com/profile/09244817033388738333noreply@blogger.com1http://goldprice.org/bob/2009/05/us-government-debt-and-gold.htmltag:blogger.com,1999:blog-8958500.post-25689445858465269502009-05-27T12:41:00.008-05:002009-05-30T08:59:15.457-05:00

The HUI is the American Stock Exchange's Gold Bugs Index (of gold and silver stocks). Symbol: HUI. It has been up about 900% since the beginning of the gold and silver bull markets:More recently it is up well over 100% from the recent bottom:That is in just the last 7 months.What market in the world was up about 900% since 2000/2001?What market in the world was up well over 100% in the last 7

Bobhttp://www.blogger.com/profile/09244817033388738333noreply@blogger.com0http://goldprice.org/bob/2009/05/hui-amex-gold-bugs-index.htmltag:blogger.com,1999:blog-8958500.post-12338765371669180992009-05-25T11:00:00.007-05:002009-05-25T11:49:00.670-05:00

Some unusual things are happening relative to gold and silver.Look at what was going down:It looks like the Dow could be putting in a double top; and, each top this month had an outside reversal day. Not good.The US Dollar:US Treasuries:It looks like people are trying to get out of all 3 at the same time. Anyone remember the last time that happened? [Let's forget real estate. It's chart is still

Bobhttp://www.blogger.com/profile/09244817033388738333noreply@blogger.com0http://goldprice.org/bob/2009/05/how-did-gold-and-silver-do-last-week.htmltag:blogger.com,1999:blog-8958500.post-90473774825652111162009-05-22T04:25:00.005-05:002009-05-22T05:37:50.386-05:00

Gold and silver have had positive gains priced in virtually all government fiat tokens, every year, since the start of their bull markets around 2000-2001. This is the time period that the general equities markets in the US topped out.Below is a chart of the Dow priced in gold:Money, currencies and government fiat tokens have a unit of measure of value (unit of account) as one of their essential

Bobhttp://www.blogger.com/profile/09244817033388738333noreply@blogger.com0http://goldprice.org/bob/2009/05/gold-and-silver-are-serious-bull.htmltag:blogger.com,1999:blog-8958500.post-39652384826362917482009-05-21T09:10:00.001-05:002009-05-21T09:12:14.054-05:00

Riding the gold bull market is a test of character. Many have been thrown off the bull for fear, ignorance, impatience, etc. The way to beat virtually all "professionals" is to buy the bottom and ride it to the top. Most professionals are not professional. They lack knowledge of how the world and humans really work. Only about the top 5% of professionals are professional. It's easy to beat the

Bobhttp://www.blogger.com/profile/09244817033388738333noreply@blogger.com0http://goldprice.org/bob/2009/05/ride-gold-bull-market.htmltag:blogger.com,1999:blog-8958500.post-59092655457697136202009-05-19T13:51:00.001-05:002009-05-19T13:53:49.744-05:00

The gold price is nicely forming the right hand shoulder of the upside down head and shoulders pattern.The first attempt at breaking out to the upside of the down trend of the shoulder failed. The second attempt made it with a 4 days in a row to the upside end of downward trend signal. This baby is going places, now!*****There are still plenty of miles left that this powerfull gold price train

Bobhttp://www.blogger.com/profile/09244817033388738333noreply@blogger.com0http://goldprice.org/bob/2009/05/gold-price-is-coming-along-nicely.htmltag:blogger.com,1999:blog-8958500.post-14940480585774694002009-05-17T11:07:00.005-05:002009-05-30T10:45:34.204-05:00

The gold price is going way, way higher. The amount of new debt the US government is taking on is skyrocketing. Remember, the US government is broke. To increase spending, guarantees and other promises, it has to ***borrow*** dollars. For that to happen, the Fed has to create them out of thin air. There is too much debt in the system now. The government's borrowing to spend is just going to

Bobhttp://www.blogger.com/profile/09244817033388738333noreply@blogger.com0http://goldprice.org/bob/2009/05/gold-protector.htmltag:blogger.com,1999:blog-8958500.post-35506841283138727152009-05-11T08:29:00.002-05:002009-05-11T08:43:06.061-05:00

The upside down right hand shoulder of the price of gold is coming along just fine.M3 is growing at a slower pace but still growing. The more there is of something, the less value it has. Part of the decrease of the growth rate is default on debt which contracts the supply of dollars. A dollar's worth of debt has to be created first before a dollar can be created in today's world of a credit "

Bobhttp://www.blogger.com/profile/09244817033388738333noreply@blogger.com0http://goldprice.org/bob/2009/05/gold-us-dollar-and-us-treasuries.htmltag:blogger.com,1999:blog-8958500.post-20302114373501568752009-03-30T12:21:00.005-05:002009-03-30T13:56:20.527-05:00

The only thing backing the US dollar is the "full faith and credit" of the US government. How much faith, and later, credit is there when the US is allowing phony book keeping?New Mark-to-Market Rules Coming..."The House Financial Services Committee, led by Rep. Paul Kanjorski (D-PA), yesterday successfully browbeat the Financial Accounting Standards Board (FASB) into coming up with modifications

Bobhttp://www.blogger.com/profile/09244817033388738333noreply@blogger.com0http://goldprice.org/bob/2009/03/us-dollar-backing.htmltag:blogger.com,1999:blog-8958500.post-19461756010033297362009-03-28T17:03:00.002-05:002009-03-28T17:06:03.913-05:00

Some miscellaneous bits of information on gold and silver. There should be more and more of these as the gold price and the silver price get higher and higher, as more and more of the trend followers jump on the trend, as more and more people look for protection of their purchasing power, of their stored value, as economic and financial rock n roll gets stronger and stronger.An unusually

Bobhttp://www.blogger.com/profile/09244817033388738333noreply@blogger.com1http://goldprice.org/bob/2009/03/gold-and-silver-miscellaneous_28.htmltag:blogger.com,1999:blog-8958500.post-86137886583426981942009-03-26T12:57:00.007-05:002009-03-28T17:25:49.828-05:00

The lower the gold price is when you buy, the better it can protect you down the road. It can make some wild moves to the upside and leave you standing there, not on the gold train, wondering what happened.CNN uses this "Road to Recovery" and sometimes now a days this "Road to Rescue" concept, one of those fuzzy concepts to refer to, misslead about, the governments current financial moves. If the

Bobhttp://www.blogger.com/profile/09244817033388738333noreply@blogger.com0http://goldprice.org/bob/2009/03/gold-and-silver-can-protect-your.htmltag:blogger.com,1999:blog-8958500.post-70654872391086193982009-03-23T14:53:00.003-05:002009-03-23T15:44:04.483-05:00

The graph of the gold price shows what is probably going to be an upside down head and shoulders pattern showing around 1300 as the next stop for the gold price. Take the difference between the gold price at the head and the gold price at the neckline and add it to the gold price at the neckline.*****The Mexican 1 oz gold libertadA member of the banking committee thinks the US is still on the

Bobhttp://www.blogger.com/profile/09244817033388738333noreply@blogger.com0http://goldprice.org/bob/2009/03/gold-price-pattern.htmltag:blogger.com,1999:blog-8958500.post-61897578720220373412009-03-21T07:07:00.006-05:002009-03-21T12:25:04.055-05:00

March 19th was the top of Martin Armstrong's mid down cycle uptrend. On the 18th, the gold price and the silver price made big gap up moves probably never to get closed. The US dollar made a big move to the downside. And, US government debt made big moves to the upside (by people that do not understand the significance of the Fed buying US Treasury debt). The Endarkenment is well underway.The

Bobhttp://www.blogger.com/profile/09244817033388738333noreply@blogger.com0http://goldprice.org/bob/2009/03/gold-price-and-armstrongs-cycle.htmltag:blogger.com,1999:blog-8958500.post-69971025979580964112009-03-20T06:47:00.005-05:002009-03-20T07:44:49.739-05:00

The US dollar is just a government fiat token not redeemable in anything, merely backed by the "full faith and credit" of the US government. The gold price is saying that its "faith" and "credit" are going down the tubes, its "backing" is going down the tubes. The more there is of something, the less it is worth. The less value it has. What is a real restraint on the US Treasury's and the Fed's

Bobhttp://www.blogger.com/profile/09244817033388738333noreply@blogger.com0http://goldprice.org/bob/2009/03/gold-price-is-saying-lot.htmltag:blogger.com,1999:blog-8958500.post-58715831340405661352009-03-18T16:08:00.007-05:002009-03-18T16:47:56.973-05:00

The gold price and the silver price are providing protection from central banks. The US dollar:The Fed announced today that it would buy US Treasury debt. The Fed will create dollars out of thin air by typing on a key board, moving some digital bits around on their hard drive, and send them to the US Treasury in exchange for digital bits from the US Treasury representing US Treasury debt. Of

Bobhttp://www.blogger.com/profile/09244817033388738333noreply@blogger.com0http://goldprice.org/bob/2009/03/gold-price-protection.htmltag:blogger.com,1999:blog-8958500.post-71589537924695429202009-03-13T04:35:00.005-05:002009-03-13T06:16:26.085-05:00

The gold price and the silver price can benefit from a declining US dollar. After all, they are real, actual, time tested monies.Detour"Heidi is the proprietor of a bar in Berlin Germany. In order to increase sales, she decides to allow her loyal customers - most of whom are unemployed alcoholics - to drink now but pay later. She keeps track of the drinks consumed on a ledger (thereby granting

Bobhttp://www.blogger.com/profile/09244817033388738333noreply@blogger.com0http://goldprice.org/bob/2009/03/another-possibleus-dollar-index-top.htmltag:blogger.com,1999:blog-8958500.post-72063921466017657302009-03-10T17:08:00.002-05:002009-03-10T17:25:44.605-05:00

The gold price should skyrocket because of the bailouts the US government and its central bank are making.SourceThe US Treasury and the Fed have to create all these dollars being spent on bailouts out of thin air adding to the "money" supply, devaluing the US dollar. The US federal government is broke. Not that all 8.5 trillion is spent, yet. To give 8.5 trillion perspective, M3 is about 14

Bobhttp://www.blogger.com/profile/09244817033388738333noreply@blogger.com0http://goldprice.org/bob/2009/03/another-reason-why-gold-price-should.htmltag:blogger.com,1999:blog-8958500.post-42552582769706330462009-03-10T16:30:00.003-05:002009-03-11T08:25:28.906-05:00

Tuesday's down day in the gold price may be its last for a short term.The amazing US dollar:The gold price hit both its uptrend line and the bottom of a resistance level. It probably will now try and get back to the $1,000 level. Whether it makes it up through $1,000 on the second attempt remains to be seen. It might take 3 tries.

Bobhttp://www.blogger.com/profile/09244817033388738333noreply@blogger.com0http://goldprice.org/bob/2009/03/possible-last-down-day-for-gold-price.htmltag:blogger.com,1999:blog-8958500.post-28703438475126000852009-03-09T11:55:00.005-05:002009-03-09T13:05:47.914-05:00

The rising gold price is saying that the wrong actions are being taken to fix the problem. True, the repayment of debt, the partial pay down of debt, and debt default reduces the "money" supply which is deflation, and which is going on right now in many parts of the world, particularly in a few countries in the western hemisphere. On the other hand governments and their central banks are spending

Bobhttp://www.blogger.com/profile/09244817033388738333noreply@blogger.com0http://goldprice.org/bob/2009/03/rising-gold-price-is-saying-that-wrong_09.htmltag:blogger.com,1999:blog-8958500.post-25470191822407405042009-03-07T13:18:00.003-05:002009-03-07T13:19:51.748-05:00

There is little capitalism in the world now and there is little in the way of free markets in the world, also. So, those things are not at fault despite government types saying those are what failed. They sure as heck can't be expected to blame themselves or their failed "monetary" "systems". Honesty is not a con man's or a thief's specialty.Probably we are going to see the end of the USD as the

Bobhttp://www.blogger.com/profile/09244817033388738333noreply@blogger.com0http://goldprice.org/bob/2009/03/new-gold-based-world-monetary-system_07.htmltag:blogger.com,1999:blog-8958500.post-19251861854496964352009-03-04T11:28:00.003-05:002009-03-06T07:23:48.971-05:00

The gold price should skyrocket due to out of control, whacked out, senseless, irresponsible congress critters, senators, bureaucrats and some large percentage of citizen units.*****Paul Craig Roberts was Assistant Secretary of the Treasury during President Reagan’s first term. He was Associate Editor of the Wall Street Journal. He has held numerous academic appointments, including the William

Bobhttp://www.blogger.com/profile/09244817033388738333noreply@blogger.com0http://goldprice.org/bob/2009/03/gold-price-to-skyrocket-ii.htmltag:blogger.com,1999:blog-8958500.post-49142230567424846512009-03-04T10:51:00.005-05:002009-03-05T06:27:22.772-05:00

The gold price should skyrocket as nothing has changed in Washington DC.The bums in Congress could care less about the fact that their spending plans that keep increasing will not work as Ron Paul explains why:Heck, they don't even bother to read these huge spending bills that they vote on. Amazing! They are reckless and out of control. The federal government is broke and they have to borrow all

Bobhttp://www.blogger.com/profile/09244817033388738333noreply@blogger.com0http://goldprice.org/bob/2009/03/gold-price-to-skyrocket.htmltag:blogger.com,1999:blog-8958500.post-69139265823237214552009-02-20T08:25:00.005-05:002009-02-20T08:31:32.394-05:00

04/February/2009Gold: the protector and creator of jobs Hugo Salinas Price"Some readers may ask themselves, “What has gold to do with protecting jobs? Gold hoarders are certainly not creating jobs, and hoarding more gold will not help at all.”Gold has everything to do with the loss of jobs in the US, and gold has

Bobhttp://www.blogger.com/profile/09244817033388738333noreply@blogger.com0http://goldprice.org/bob/2009/02/gold-protector-and-creator-of-jobs_20.htmltag:blogger.com,1999:blog-8958500.post-72211549434373692382009-02-17T06:32:00.002-05:002009-02-17T06:32:54.597-05:00

The gold price could easily double this year.Marc Faber thinks that if the US Treasury does not default on its debt, there will be serious price increases, that the Zimbawe school of economics is opperating in the US, and that features of a banana republic are not quite there in the US yet but doubts that the US will fail to arrive at a banana republic state.Peter Schiff explains why these "

Bobhttp://www.blogger.com/profile/09244817033388738333noreply@blogger.com7http://goldprice.org/bob/2009/02/gold-price-to-move-up.html