Back on the Horse

The move is done, T-day is over and I will be back in full force tomorrow...

Silver

Hi ho silver away! Silver is taking off and has gone up over $18. It is certainly time to talk about gold's little brother. With gold becoming too overpriced, investors are rushing towards silver, which is way off it's all time highs. Don't be surprised to see silver push $20. Also, it is looking like $15 might be the new floor for any correction at this point.

Wait for the minor correction and jump into silver, especially if it dips back to $17. Well, that's my play at this point, but do your research and be careful.

READ QUOTE>>>>>

Buying Health Care Reform

This should turn anyone's stomach.

Read Story>>>> On how Civil Liberties are up for Sale

Okay This is Just Too Cool!

Back when the Boss was the Boss...

Go ahead ask, why is he putting this up...Because it's my blog and I can! Also, I love Bruce as a signer.

Central Banks Going Gold

We have talked about this on Common Gold Investor, but I wanted to offer this article as more evidence. Everyone, everyone is now seeing the benefits of gold and they are flooding away from paper, because as an old farmer once told me; anyone can write anything on a piece of paper.

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Treasury Secretary Tim Geithner is in Trouble Again

I am going to let this article speak on its own. But it appears the continued connection of Goldman Sachs and Geithner grows by the day.
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Don Imus Talks Executive Pay

John Paulson Betting $250 Million on Gold

Hedge fund manager John Paulson, who bet against the sub-prime market, is now betting on gold. Reports are he is opening a fund and using $250 million of his own wealth as a start. Add this to the continue buying of physical gold by banks around the world and nobody is really sure where this commodity is going.

One thing is for sure, gold is high and silver is looking like a the smarter play. Gold's little brother is still well below it's all-time high, but indicators are pointing towards a big run on silver. The reason is simple; the smart investor will not buy gold, with it being a record high and silver sitting ripe for the picking. It might be time to start thinking less gold and more silver.

Watch CNBC commodity wrap on next page>>>>>>>

Words of Wisdom from Jim Rogers

I am not sure the date on these videos, but Jim Rogers' word is always something to pay attention to. He mentions the consumption tax, something I might be discussing later. Videos on the next page.

Gold and Oil both Up

There isn't a lot more to add than what the article below already says about gold. We can sit here day after day discussing why the gold spot price is going up, but the fact is it is going up and that's that. As for oil, as soon the economy shows any signs of life, look for the price to skyrocket, putting us on the rocking chair.

Read Article Concerning Gold Prices

As for other sectors, housing starts dropped, the deficit continues to climb and there is little relief in sight. Outside of DC and the Stock Market things are bad and people are getting very worried; something the politicians if they don't know now will find out in about 11 months.

Even Steven Day

Both gold and silver ended nearly even steven, despite a strong day from the dollar. Trading on both continues to be about inflation hedging and speculation. Demand is of course low as the economy struggles, but the shadow of inflation continues to lurk.

Combined with the struggling dollar, high US debts and inflation; investors continue to see gold and now silver as a safe move. The question is, if inflation is not seen and the economy begins an uptick, how quickly will gold and silver correct? That is as they say the million dollar question. However, with China clearly making a push against the dollar, the Obama administration which holds the spend to get out of the recession theory and the continued world turmoil, any uptick may be short lived and minor at best.

As of right now, most people recommend holding steady, buying on any form of correction and continue watching very closely.

Gold Bull Market Continues:

Gold's bull run continues to be nothing short of stunning. Driven by the continued concern over the dollar, inflation and the almost non-existent interest rates, gold is running wild.

As I have said a thousand times, the question is when, not if, the correction will hit? It is getting to the point where the run up on gold is becoming a bit scary. Like anything, people jump in to just jump. This creates an unsustainable upward drive, that will force the logical out of the market and the price down. When it does correct, the same people that jumped in so irrationally, will jump out.

The best advice for investing in gold is to simply hold steady or take some profits. Secondly, begin looking for other commodities that may be undervalued.

Gold Quote>>>>

Also, for any investor, knowing human behavior is as important as knowing the indicators. Despite the constant bantering of selling high, buy high. many people cannot do this. When they see a market such as gold driving upward, they are instantly drawn in. Watch and listen to what people are saying around you, what they are writing and look for news medias beyond the mainstream, this can often present keys to where a market is going.

December is the Month

It is appears everyone is waiting for December to see where gold is going. But in the meantime the price continues to soar as another record fell in London. Gold's run really is an amazing one.
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Early Morning Gold Prices

All indications are showing yet another positive day for gold and silver.
See Quotes:

Double Dip Recession?

Watch Video Discussing Double Dip Recession.

Ron Paul: Open up the Fed Reserve....

Gold at $1115.30....

Gold is up to $1115.30. After a bit of a fall yesterday, it looks like gold will finish out the week on a positive note. Silver is also up at $17.35, it also appears headed towards a strong ending.

See Quotes>>>>

Lou Dobbs has had Enough

Agree or disagree, Lou Dobbs is a man offered an untainted investigation of the issues, a rapidly dying skill in the world of journalism. He may be the last of true newsmen as now, like radio, television has become infested with partisan party mouth pieces, aiming to promote an agenda instead of offering a true depiction of the issues. So long, Lou and good luck.

Gold Drying Up?

According to this story one the world's largest gold producers believes gold production has peaked. This isn't something that is new to the inside world of gold trade as many have predicted gold supply is drying up. What a story like this does do, is inform the common gold investor, that hey it is time to get moving. As of this morning the price of gold has dropped around $3 per ounce, not a big move in the terms of gold, where prices can rise and fall $20 per ounce. But is logically to believe such statements as this story will only push the bull market further along.

READ STORY>>>>>

Gold Just Kees Going Up

Gold just keeps right on ticking and the dollar keeps on clunking. Is there end in sight? Are those claiming $1500-2000 looking like nut jobs now? I think the answer is no on both accounts.

Stuart Varney With Don Imus

Stuart Varney talks about the US Dollar with Don Imus.

The Day in Commodities

Dollar goes up, a bit. Oil goes down as Ida fizzles out at $79 a barrel. Good news, winter fuels will be about 6%, yippie! In an odd day gold was up, silver was down.

Profit Taking Day for Gold?

Gold is starting the day up, but barely. Don't be surprised if the next couple of days are profit taking corrections. Those who got in gold last year or before would be silly not to peel off some profits. This should do little to stop the bull market in the long run. All indicators remain pointing towards a bull market in gold as the dollar continues to struggle, businesses show no signs of growth and the US deficit will only grow two fold, especially if the Senate passes health care reform.

As always, watch the correction and feel free to jump in. However, with prices this high the risk goes up almost daily. A major correction could happen any day, not because of financial indicators, but because of investor fears. Many people have been burned by holding too long and they have become jitter to corrections. Thus, if one appears to be starting a flood of gold sellers could drive the price downward in one shift swoop.

Gold Bites for November 9

Anyone have a count on how many days since October gold and silver has been in the green? Green at the Kitco Quotes at least.

The House passed health care reform, but the fight in the Senate looks interesting. Waiting to see the reaction of investors and the world to this passage. I have some thoughts, but let's let it play out first.

Well, back to working on two houses, the one I almost have sold and the 125 year old beauty I have now.

Ho Hum Market Day

Well, not much to say about today. Gold did alright, silver did nothing. Unemployment is ugly, real ugly, proving once again that the only economic recovery taking place is doing so on Wall Street. This is happening because of the government bailout of basically Goldman Sachs (led by who else,a former Goldman boy). Of course that does little for the guy in Lima Ohio, looking for a job.

Times are bad and as of right now, Barack Obama has about 6-10 months to show something, anything. Unless he shows some leadership and allows everyone to see who he is, things will not improve. The money makers must know what to expect from Obama, be it a big old shove to the left or gradual float back to the middle, he must show something.

Anyhow, back to working on the 125 year old home I am preparing to move into. This has been a great time, fixing up the old place.

Hub Page Post

Might as well share this from my Hub Page post.
Gold and Silver

Also, gold and silver are both up this morning. With the unemployment numbers, look for both to have modest gains at best. However, they may also get caught up in the depressed feelings of traders this morning.
Gold and Silver Quotes

Economic Reovery Takes Major Hit: Unemployment over 10 Percent

Any economic recovery took a major hit this morning when it was announced that October unemployment rate went over 10%, to the highest point since 1983. For many this may come as a surprise, but for those following closely this should act as nothing more than confirmation that things are bad. Recently a hospital in my area cut a number of nursing jobs, something almost unheard of.

FHA Needs a Bailout?

This video is stunning; well not really

Gold is off and Running Again

Well, here we go again. Gold is off and running this morning, still enjoying the actions of the IMF and India yesterday. Of course all this can turn around in an instant if/when some big investors decide it is time for a profit take. Keep an eye out for that today or tomorrow. Regardless, the down turn will be short lived and the price will bounce back again.

IMF Gold Sell Pushes the Precious Metal to Record Highs

The IMF announced 200 metric tonnes sale of gold to the central bank of India. This is more indication of central banks moving out of the paper money and into precious metals. Everything is speculation, but as the dollar continues to struggle, nations will be looking to run to something of value. This could cause a major devalue of the dollar as more and more traders and nations move away from the greenback.

Gold Surging

If you missed the chance at getting into gold, well forget about it now. Gold is surging up $25.20 at $1084.80. Silver is right behind up .78 at $17.25. For any potential buyers, it is time to wait for the next correction, because the train has left the station on this one.

Wrap of Today's Commodities

Keep a sharp eye on oil. As the demand shows signs of life, oil will go up. This will only hurt the economic recovery as the stressed consumers get hit with another expense. Dollar weakness again pumps up gold and silver. Uncle Sam's disease is golds fuel

USS New York

This is pretty cool thing. The USS New York, the Navy's newest ship was constructed with steel from the 9/11 attack.

Gold Holding Over $1000

The big story remains the holding of gold over $1000. After a few down turns, gold is up today and hovering around the $1062 mark. It appears that the mental milestone of $1000 is locking in, despite the claims of many who noted last month gold would not stay above $1000 for long.