The Gold Economy

By Jordan Roy-Byrne, CMT

The various large-cap gold stock indices are readying for a major breakout. As we’ve noted, this isn’t just a breakout through 2008 highs but a breakout through highs dating back to 1980. Yes, there are some gold stock indices like the Barron’s Gold Mining Index and others, which show a 30-year base dating back to 1980. This will be a historic breakout for the gold stocks.

Yet, there are two things you should note about the large-cap gold stocks. First, as a group, over time they notoriously underperform or struggle to outperform gold. Secondly, those stocks

Listening to Trader Tracks Editor, Roger Wiegand, talk about market conditions and precious metals is like listening to your favorite uncle tell stories at Thanksgiving. The difference is that Roger’s stories are a lot more likely to make you money. In this exclusive interview with The Gold Report, Roger offers up a few of his favorite gold and silver plays and some sage market advice.

The Gold Report: In a recent edition of Trader Tracks, you quoted a former Nixon speechwriter who said, “Economics should never be treated as a

Gold: Concerns that the US economy is sliding back into recession has led to equities internationally coming under pressure and further flows into safe-haven assets. Gold and silver have consolidated from last week’s gains and remain near closing levels from yesterday and last week. The yen – a preferred carry trade at times of financial stress – rose back to a 15-year high against the dollar as doubts remain about Japan’s attempt to weaken the currency. Interestingly, despite the yen’s recent strength, gold remains near multiyear record highs in the Japanese currency (see chart).

Gold is currently trading at

I am writing this in a 5-part series. The first three parts will document in as much detail as space allows the methods and actors involved in the historic and current price suppression of the gold market.

The fourth piece will tell you how to profit from gold, and the fifth from silver. These last two parts are really how to survive it first, and then profit from it. I say this because the gold market is an economic signal that cannot be ignored, no matter how much the powers that be want you to. If the powers that