Be sure to check out these links to find more of my latest article and audio podcasts.

Article

The Hidden Truth

Audio Podcasts

Byron King Interview-July 7th 2011

Jon Hykawy Interview- June 21st 2011

David Morgan-April 2st 2011

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I am adding a new feature to my blog for people who are tired of reading and just want to lay back and listen to what is going on in the market and economy. My business partner (Jason Burack) and myself will be interviewing financial expert from around the world so that you can get fair and honest information and so that you don’t have to listen to those talking heads in the mainstream media.

Listen to Wall St for Main St radio podcast where we interviewed silver expert David Morgan from silver-investor.com. We discuss silver, gold:silver ratio, inflation/deflation and much more!!

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I am adding a new feature to my blog for people who are tired of reading and just want to lay back and listen to what is going on in the market and economy. My business partner (Jason Burack) and myself will be interviewing financial expert from around the world so that you can get fair and honest information and so that you don’t have to listen to those talking heads in the mainstream media.

Listen to Wall St for Main St radio podcast where I gave our listeners an technical analysis update on silver, SLW, GDX, GDXJ, gold and the dollar index.

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This is a great cartoon depicting “Quantitative Easing Two” aka money printing.  The American economy continue to get life support with a dose of cheap digital money. The $600 billion package  is suppose to revive the economy and help lower unemployment rate. Its not working so far. Actually, it is making the economy worse!

The World Bank stated today that global food prices has hit dangerous level that could lead to further disruption around the world. The price of food increase 29 percent in 2010 and it is showing no signs of slowing down. Well Ben Bernanke is getting the job done and for all the wrong reasons. He wants higher inflation and he is making it happen. I wonder what it will take for the people in the US to wake up? Maybe the day when 80 percent of their income goes toward food and water like the Egyptians!

The politicians continue to paint a pretty picture over an ugly picture by showing how the economy is recovering with the unemployment rate dropping to 9 percent. It has nothing to do with QE II. This is due to seasonal hiring and more people becoming discouraged workers (stop looking for a job) and going on unemployment benefits. Since the Department of labor doesn’t count them, the numbers look better than usual.

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According to the  Shadow stats web site, the real unemployment rate is around 23 percent. That is a depressing number! Higher inflation and unemployment is not a good combo. People’s purchasing power will decrease everyday and grocery stores will start closing down. Bernanke is playing with fire when it come to inflation and the best thing people can do is buy silver and gold as a hedge against inflation.

Be sure to buy a copy of my Gold and silver report if you haven’t done so already. The link is below.

Treasure Hunting for Precious Metals Stocks

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I am adding a new feature to my blog for people who are tired of reading and just want to lay back and listen to what is going on in the market and economy. My business partner (Jason Burack) and myself will be interviewing financial expert from around the world so that you can get fair and honest information and so that you don’t have to listen to those talking heads in the mainstream media.

Listen to Wall St for Main St radio podcast where I interviewed Jason Burack on CPAC, Egypt, food prices, potash, gold and silver.

Be Sure to visit Jason’s blog at www.JasonBurack.com

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This article was written by our India Correspondent, Vaishali Kamath.

Gold, after platinum, is the most preferred and precious metal of all throughout the world.  It has allured the people of all ages, even pre-historic people, by its inherent quality of attractive color, malleability and strength to tolerate weather change.  The metal has thus gained its universal acceptance and value.

India is one of the largest consumers of gold in the world.  About 90% of the gold in India lies with individuals.  Nearly every middle class family owns gold jewelry which is central to weddings and rituals. Indian people buy gold throughout the year and on special occasions and festivals. Although gold has many applications and uses the main reasons that Indians keep gold are:

• Gold is considered equal to liquid cash – As a security it is the most liquid of assets one can own as it is readily converted to cash in an emergency.

• Gold is a status symbol – In India especially, gold symbolizes wealth.  In Indian weddings the bride is adorned with gold jewelry which forms a part of her dowry and indicates her family’s status.

• Gold is a good investment – Gold is an investment that has consistently increased in value.  It is an effective diversifier which helps reduce portfolio risk and can thereby be considered a secure investment.   As gold prices have risen during the global economic slump, Indians, after briefly flirting with the stock markets and mutual funds, have returned to their age old preference for gold as a safe investment.

• Gold is a good gift item – Gold is precious and worthy across all cultures and times.  It has great ornamental value because it is malleable and ductile.  These aforementioned qualities allow it to be molded and fashioned into intricate jewelry.  Gold Jewelry is given as a gift during weddings and other special occasions.

• Gold has great religious significance – Gold symbolizes the Hindu goddess of wealth and prosperity and is therefore considered to be highly auspicious.  Indians pass on gold down from one generation to the next as part of ancestral property.  Gold is also offered to deities as part of special prayer ceremonies.

India has traditionally been an agrarian economy and much depends on how the monsoons (rainy season) pan out, inflation and the performance of equity markets.  Monsoon plays a major role in the rural areas, which predominantly depend on agriculture and allied activities for sustenance which in turn contributes to the demand for gold.  In 2010, the demand for gold had been stronger than its demand in 2009 when the sales for gold declined by over 19%.  Traders in India are hopeful that the harvesting festival in late March followed by the wedding season (most Indian weddings take place late spring or June through September) will set a strong pace for gold sales in 2011. The volumes on the exchange traded funds are likely to jump about 4 times to 50 tons as investors seek a safe hedge against rising inflation and diversify their portfolio to offset losses in a declining stock market.

While India is the largest consumer of private gold, its government holdings of gold as an asset are at modest levels.  In recent news, this was also the reason that RBI – Reserve Bank of India bought 200 metric tons of gold from IMF (International monetary fund).  While India’s current gold holdings account for just 3.7% of its assets and are said to be historically low, buying 200 tons in addition to the 358 tons it already holds is expected to bump up the gold reserves to more than 6%.  The dash for gold is prompted by the unsteady dollar and countries such as China and Russia have already gone this route.

The soaring gold prices have led Indian Banks to push customers toward gold loans.  Since every house hold in India owns gold this is an easy and convenient way for consumers to secure loans.  These “gold loans” have become more popular as small personal lending has dried up due to rising defaults on risky loans.  The global economic slump and the rise in gold prices have returned the Indian middle class to their age old preference for gold as a safe investment after briefly flirting with the stock markets and mutual funds.

Here is links to more information about Gold in India.

Gold Imports by India Likely Reached Record

India gold imports may rise 15% in 2011

India’s Love for Gold

This article was written by our India Correspondent, Vaishali Kamath.

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Silver was parabolic in late 2010 by going from $18 per ounce to over $31 ounce by the end of the year. In a bull market, nothing goes up forever without a correction to digest all of the profit. If you look at the yearly chart, it shows the base that lasted almost three years before going up and so the parabolic move was warranted.

After hitting a new high before the new year, silver is pulling back to shake out the “weak hands” in this market. The weak hands are the traders who look to make a quick buck or the investors who are too emotional and decides to close their positions. The commodity market is volatile with big swings and many people can’t handle a big pullback. They sell their position and hope to buy back at a lower price.

If you look long term,  silver has not broke below any of the moving averages. In the short term, the next support is at 27.50. If it break that support, the next support is at 27.  However, I still believer 2011 will be a great year for silver. The correction could last another month or so before continuing to go higher. My target price by the end of 2011 is $45 to $50 if the fed continues to print money and currency war continues around the world.

I was disappointed by gold price action at the end of the year. Gold lagged behind silver in the month of December. I thought gold would finish between $1,500 to $1,600. Instead, it finish around $1,420.

After studying the chart, gold could continue their uptrend sooner before silver if history is any indication. The 20 day exponential moving average (EMA) has shown to be a good support for gold. If you look at the chart above, the last time it touched the 20 day EMA, it bounced off around $1,180 and lift off! Right now, gold is near the 20 day EMA again and that could be another lift off for gold if history can repeat itself.

Also, gold had a three month base in the summer of 2010 from May to August. In September 2010, it broke the resistance at $1,250 and it went up to $1,400 before the pullback. Right now, gold has been consolidating for over 2 month and it could make another 3 month base. Again, if history is any indication, gold should continue their uptrend and break the $1,420 resistance at the conclusion of this 3 month base, which is around February.

I could be wrong about my analysis since timing the commodity market is difficult  so don’t take my word for it. Either way, I’m still “all in” on gold and silver.

Good night and good luck.

Here is more technical analysis by other experts below. ( This is not an endorsement,  I just want to present other expert analysis to you.)

Gold Trends

FX Street

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I am adding a new feature to my blog for people who are tired of reading and just want to lay back and listen to what is going on in the market and economy. My business partner (Jason Burack) and myself will be interviewing financial expert from around the world so that you can get fair and honest information and so that you don’t have to listen to those talking heads in the mainstream media.

For our first podcast, I talked about our outlook on 2011 with Co-Founder of Wall St for Main St, Jason Burack, regarding the market, the US economy, commodities, housing market, China and much more!

Be Sure to visit Jason’s blog at www.JasonBurack.com

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For those who want to upload the podcast onto their MP3 player, click below.

Wall St for Main St Outlook for 2011

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It is time for another monthly update on the gold and silver chart. The precious metals market has been very interesting in the last month. Let us look at the gold chart. As I predicted in the August edition, I stated that the gold price will break out of the base in a couple of month! I was deadly accurate on the gold market. After the base went into the 10th month, the price climb above $1,300 and has not look back. I still believe gold will go higher until its next psychological resistance at $1,500 by the end of the year. If it does break that resistance beforehand, then I expect the price to consolidate between $1,500 to $1,600 before the next uptrend.

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It took three attempt for gold to break the $1,250 resistance. The high volume makes the uptrend legit because the big players are coming into the gold market slowly but not all at once. Also, the MACD  is in overbrought territory but the MACD line (red line) is well above the signal line (blue line) so I do not see a major correction soon. In fact, if you pay attention to the price action of gold, you should notice every time there is a pullback, the gold price rebounded quickly. This leaves a small window to buy on the dip.

The silver chart has been more interesting than gold. It has been moving higher percentage wise. Silver has been up 36 percent since last year while gold moved up about 30 percent. This is a long time coming for silver especially since it is heavily manipulated by the banks. It broke out of the bullish ascending triangle with authority. The high volume shows the big players coming off the sideline slowly as well. My target price by the end of the year is $25 but if it breaks the resistance sooner than I will have to adjust it. James Turk could be right after all. Goldman Sach even raised their target price for gold and silver!

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There has been talks that the short squeeze is finally here. Chris Marchese (Hedge Fund Manager) from Marchese & Fuller thinks the short squeeze is here and JP Morgan is losing millions of dollars trying to short the silver market. The recent comments from the Federal Reserves and the “race to debase” is becoming too powerful for the shorts right now. The Endgame for fiat currency is near and the metals will prevail.

The 50 day exponential moving average (EMA) is above the 1oo day EMA, which is bullish for the long term secular bull market for silver. If silver can not break $25 then I expect a small consolidation before the next uptrend. I will set my target price for the end of 2011 for both metal in January or February time frame. I will  also discuss my outlook for other sectors as well.

So stay tuned!!

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I’m sure everybody is a little anxious with the way the economy is behaving lately. A few  of you might be looking for some guidance from some well known financial expert on television, internet and newspaper about what to do next like Jim Cramer or the Fast Money talking heads on CNBC. You should practice some caution before buying into advice of some so called “expert” like Cramer. This is the same man that told everyone not to sell Bear Stearns before it collapse. I wonder how many people lost their fortune listening to that man. He also knew a few of the Bear Stearns executives so I am skeptical that he did not see the collapse in the near future at that time.

We have a few market technicians like Robert Prechter (also a deflationist) who called for the collapse of the gold market during the summer of 2010 when gold was around $1100 and it is now hovering around $1300! I wonder how many traders lucked out by listening to this man time the metal market when his track history is poor! We have a few well respected economists like Marc Faber, Jim Rogers and Peter Schiff who called for the collapse of the housing market and the rise of gold and silver. These three men track record for predicting the next move in the economy has been outstanding lately but I’m sure they have been wrong about a few things in the past as well.

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The point I am trying to make is that these expert can be totally wrong about their prediction or their timing could be off. Either way, you should take their advice with a grain of salt. The deflationist like Prechter and other Mixed Model Theory believers believe the market will crash back to the 1930′s depression level because the money supply is decreasing, the banks are not lending and unemployment is still high. They believe that you are better off staying away from the stock market and holding the cash in your bank account. By the way, if the market does crash and fall down to the 1930′s level, what make the deflationist think their cash in the bank account will be safe when you have banks that will go bankrupt and no one will be able to withdraw their money? I do not believe they thought this through yet.

The inflationists think the S & P will go to 50,000 point because the Federal Reserve will just inflate the economy by printing Dollars. Also, other inflationist believe the market will react rationally and crash when the Federal Reserve perform quantitative easing because they do not believe the market will “take the bait” and assume the economy will recover.

You should study the indicators in this economy and research all experts before buying into their prediction. You are better off drawing your own conclusion rather than risking your financial future in the hands of the experts because one side will be wrong while the other side will be right. Their motives can also be a conflict of interest so Main Street Investors Beware!!!

Here are a few more predictions I found on the internet over the last 10 month.

George Soros: Gold is The Ultimate Bubble

Prediction 2010: Stock Market and Economy

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