Timeless Tips from the “Richest Man in Babylon”

In the early 1920s, George S. Clason wrote a series of articles about acquiring and keeping wealth that were passed out by insurance companies to their customers. In 1926, he combined these essays into a book titled, The Richest Man in Babylon. To this day, that book remains in print. In it, a series of … Read more

PM End of Week Market Commentary: GDX, GDXJ, GOLD, Silver, USD

On Friday, gold dropped -11.50 to 1132.30 on moderately heavy volume, dropping briefly below the 1130 low before rebounding slightly.  Silver fell -0.13, continuing its slow decline targeted on retesting the low set two weeks prior. While the buck rose on Friday and that seldom helps gold, it looked to me more like the shorts … Read more

Is Gold a Stupid “Pet Rock” or a Bedrock Asset?

Greece defaulted at the end of June, and metals investors expected higher prices in July. What we expected isn’t what we got. It isn’t the first or last time markets surprised investors. Do lower spot prices mean precious metals are failing as a safe-haven investment? Jason Zweig, from the Wall Street Journal, thinks so. He’s … Read more

How to Obtain Silver Coins and Rounds in Short Supply

There are two kinds of constraints when it comes to supply in the physical markets, and anyone building a position in physical metal needs to know the difference. The first type is temporary. The other signals a sea change, the rush for physical metal going mainstream. When it happens, it’ll be “go time” in the … Read more

U.S. Economy Slouches toward Recession as Eurozone Crisis Widens

Federal Reserve chair Janet Yellen may have missed her window of opportunity to raise interest rates. The economic data no longer paint a picture of even a tepid recovery. Since the start of the year, key indicators for the economy began pointing toward recession. Add to that the recent Eurozone chaos surrounding the Greek default … Read more

A Possible Silver Mine Takeover Target In The Making!

Headquartered in Canada, Morro Bay Resources Ltd. (TSXV-MRB) has just acquired a 51% interest in an advanced stage silver and gold project called Peñoles in the Durango Silver Belt, Mexico. The project offers up significantly more than one sees in junior mining plays these days. As discussed further below, the project already has an initial … Read more

Markets Playing Safe, Giving Back Some Gains

This week has certainly been historic so far as the DOW reached levels significantly higher than it’s previous all-time high. As of this morning, however, the DOW is down -124.45 points as of 11:12 A.M., EST. The S&P is lower as well, down -13.34 points. And the NASDAQ is lower as well, down -19.68 points. … Read more

Wall Street’s Early 4th of July, Markets On Fire Highs

March Madness is upon us, BABY!!!!! And Wall Street is showing its excitement. Stocks and major indicies soared to historical heights yet again. The Dow Jones Industrial index is the best performer today up +121.47 points as of 10:53 A.M., EST here in the Big Apple. The DOW is currently sitting at 18,245.17. The S&P … Read more