An hour before the opening in the markets we see Gold trading at 996. A couple things to watch. We could get through the 1000 mark and continue a nice steady trend up or we could hit our heads o the 1000 and turn down for a bit of time. In any event I feel we ultimately get back over 1000 and that number builds support for longer term. Keep your eyes...

As I have been saying here at The Market Guardian we were at some key support levels and at the bottom of the November lows. The market internals started the day off green and ended very red. A huge loser on the day was General Electric (GE) finishing at $10, YES 10 Bucks! Wow.. Did you guys happen to see Meredith Whitney from Whitney Company talking...

This is a MUST see video clip! “It’s time for another tea party.” Looks like the talking heads and markets are revolting against Obama’s moronic ideas. They know what they are talking about and he doesn’t. That’s it in a nutshell. Maybe he should have studied finance instead of how to circumnavigate the Constitution...

Yamana (AUY) has increased Gold production dramatically in the past few years, and it has done this through new mine development and acquisitions. There is a strong possibility that Gold can rise to $1200+ and hold the $1000 this year. That would make AUY a $17+ stock. Gold is certainly going to outperform for the year but many of the technical analysts...

Futures are positive heading into the open. I am watching for a small bounce at the open and then a slow drift back to the red. The more traders talk about this Mortgage plan for the irresponsible the more they are becoming up in arms. Alot of people are in houses that shouldn’t be there. Maybe I just won’t pay my mortgage because it is...

This is just the beginning folks. Helicopter Ben has just barely dipped into his bag of tricks. He will continue printing and printing and printing even if he encounters the types of headwinds encountered in 1930′s. Needless to say, expanding the Fed’s balance sheet is inflationary. The Federal Reserve chairman “Helicopter Ben”...

The price of Oil is of major importance to today’s world economy, given that “Black Gold” is the largest internationally traded good, both in volume and value terms. Not too many people could have imagined a little over 5 months ago with crude oil trading at $147, that crude oil would have crashed by 75% and be threatening to break...

Gold continues its strong march toward 1000 today. As we speak here after lunch it just started a stronger move up with some increased volume. Gold’s strength in the recent days is particularly impressive as it comes in conjunction with a stronger dollar. We have been seeing the USD get stronger against most of the World’s major currencies...

The Obama administration on Wednesday unveiled a plan to help 9 million “at risk” homeowners modify their mortgages, committing $75 billion of taxpayer money to back the initiative. Everyday just keeps getting better with this socialist President. Enough of stealing money from the responsible hard working Americans and giving them to the...

This mornings futures are trading up a bit and are just above fair value. Markets are way oversold here so I wouldn’t be surprised to see a bounce. I don’t think it will hold however and still think the trend is down. Trade lightly and watch for the always amusing Government news to move the markets one way or another. Good Luck

Well the Markets did what they were supposed to do which was close at/near the lows. Market internals are horrific and their moving averages are way over sold. The volume picked up a bit towards the end of the day which suggests a lower open tomorrow. As we speak the overseas markets are getting hammered. No surprise there! Here is an interesting...

Surprise, Surprise GM may need up to 30 Billion in additional Federal funding. GM said it could need up to $30 billion in emergency federal loans by 2011 in a worst-case scenario. The plan, which hinges on further concessions from its union workers and bondholders, aims to begin repaying the loans by 2012 and fully paying them off by 2017. The average...

Yep you guessed it Chrysler just submitted an update on its viability plan to the U.S. Treasury, asking for an additional $2 billion in loans and cutting its industry sales target for 2009 to 10.1 million cars and trucks. This is additional to the 4 Billion they already have received from the Government. They are saying they will cut costs for 2009,...

John Malone’s Liberty Media has agreed to invest a total of $530 million in the the failing satellite radio company, allowing it to avoid a Chapter 11 bankruptcy filing. Mel Karmazin, Sirius XM’s chief executive, said the deal enables his company to “develop the opportunities first outlined in the merger of Sirius and XM.” He...

Trader/Investors are realizing the new bailout PORKOUS injection the US federal obligations now exceed the worlds gross product and we still have a TRILLION plus descending on us from the great tax dodger in the Treasury Dept. I think we are getting the first of the votes that matter on the “PORKOUS” bill. Later we will get one from the...