by Howard Katz | Nov 23, 2009 | Howard Katz
“Selection of gold as our state mineral is acknowledgement of the intimate part it has played in the history of our people and of the fact that mining is a major California economic activity.†Governor Edmund G. Brown, Apr. 23, 1965 (signing legislation...
by Howard Katz | Nov 16, 2009 | Howard Katz, Precious Metals
The gold stocks caught on fire over the past fortnight. They have lagged behind the metal in relative strength, but, since they are more volatile than the metal, bigger profits are the result. For example, gold is well above its early September levels, but the XAU and...
by Howard Katz | Nov 9, 2009 | Howard Katz, Precious Metals
On November 4, gold pulled back to $1025, and that was the turn. It gained 75 points over the next 6 days, including a 30 day whopper when India bought 200 tonnes of gold from the IMF. On Friday, $1100 was breached (interday on the Comex, Dec. future). Is it too late...
by Howard Katz | Nov 2, 2009 | Howard Katz, Precious Metals
Things are looking good for the gold bugs these days. September and early October saw the (long awaited) break above $1,000. This past week saw the technical pull back to the breakout point, and Thursday was the turnaround day. Friday saw some very bullish candlestick...
by Howard Katz | Oct 26, 2009 | Howard Katz, Precious Metals
Gold is now safely above the $1,000 mark, and there are two aspects to this, one good, one bad. The good aspect is that $1,000 is now a floor (whereas from March 2008 to Sept. 2009 it acted as a ceiling). The bad aspect is that we are now vulnerable t to a pull back...
