THE LONG TERM

In the short term, gold bugs are in pain. The last 3 weeks have seen a pull back to the Dec. 22 low of $1,075 and have created a lot of short term anxiety. We have two possibilities. Either gold will continue down to the $1,000 support level, or it has already made...

THE SCIENCE OF MARKET SPECULATION

The gold market appears to be just a little past a crucial turning point. At the time of the Dec. 3, 2009 top, my expectation was for a short term decline to $1,000. It appears that this was too pessimistic, and the evidence now says that gold had a short term bottom...