The Gold Economy

The next generation of top-tier silver miners are in the pipeline and will join the likes of Hecla (HL), Pan-American (PAAS) , etc. in terms of production output and of course profitability. This is the time to jump into these stocks as the companies listed below have “de-risked,” making these picks safer than their peers.

1. Bear Creek Mining-(BCEKF.PK) – Asset Portfolio are a located in Peru, the most lucrative silver mining country. One advanced mine (Santa Ana) set to commence production in 2012 which will provide

Now that gold is muscling its way towards $2,000/ounce, the forces of ignorance embodied by post-secondary-accredited yet nonetheless clueless commentators are being given voice by government sponsored media outlets such as CNN. Tokyo Rose was the generic handle accorded to any of a dozen women who, during World War 2 broadcast programming designed to undermine the morale of American troops over the radio.

Coverage such as stories like “The Case Against Gold” on CNN Money are designed to undermine the determination of gold accumulators who are genuinely frightened about the purchasing power of their dollars as their

By Brad Zigler

Six trading days and counting. That’s how long the SPDRs Gold Shares Trust (NYSE Arca: GLD) has been overbought.

Not that this condition hasn’t cropped up before. Since its debut in 2004, trust shares have tipped the needle into the overbought red zone 18 times. (Make that 19, counting the current market.)

So, what does “overbought” mean?

This condition—usually a precedent to a price pullback—arises when a security’s (or commodity’s) cost rises to such a degree that an oscillator moves above its upper band.

“Okay,” you say, “So what’s an oscillator?”

An oscillator is a momentum indicator used to identify short-term

Gold

Gold has rallied to new record highs in early New York trading again today due to continuing nervousness in markets and much uncertainty about the economic outlook for the coming months. Equity markets are mixed, oil is back over $78 a barrel but most importantly the dollar continues to fall in value against most currencies and especially gold.

Competitive currency devaluations continue with suspicions that many Asian central banks (including South Korea, India, Malaysia, Taiwan, the Philippines and Singapore) were intervening in currency markets overnight attempting to devalue their currencies and maintain export growth. The concept of currency