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State of the Market – 21 September 2014

21 September 2014

Long term is off highs and appears to be heading down.  However, it is still overbought. Medium term is slightly oversold, and it appears that its rate of descent is slowing.Short term is back near neutral territory.  If this rolls back over, expect hard selling. Silver continues to sell off.  Regrettably, the weekly RSI indicator…

Why You Shouldn’t Save Money

19 August 2014

Five years seems like forever to me.  All the things I could have done.  All the places I could have seen.   The psychological drawbacks of investing for the long term have begun to take hold.  The plan was the buy gold and silver and watch them explode in a glorious implosion of fiat currencies around…

State of the Market – 17 August 2014

17 August 2014

Long term prices remain very high. In the medium term, prices are slightly oversold and bouncing. In the short term prices are slightly overbought. I think the market has either bottomed or will be bottoming in August for a rise through mid September.  The Monetary Base continues to expand at a 20% annual rate.  This…