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February 2011: PSIA - The Only Trend that STILL Matters : from Porter Stansberry Investment Associates "...You could run the same example with almost any global commodity. And you can do the same exercise with domestic goods – like home prices... or even stocks. The fact is, the world's economy is being hamstrung by the volatility of our paper currency. The sooner it is replaced with real money (gold), the better. The world took a big step in this direction last month, when JPMorgan again decided to accept gold as collateral from hedge funds. (Isn't it amazing JPMorgan didn't accept gold as collateral?) Now, you may not intuitively understand these concepts. They are complex. You may not ever really get your mind wrapped around the world's monetary system. You might not really understand why gold returning to the banking system via collateral rights is momentous. But I know you can understand in a deep and meaningful way, what's truly happening here... Do...

Jesse's Café Américain: Gold and Silver Weekly Charts: Currency Wars Continue and then Intensify : "01 JANUARY 2011 Gold and Silver Weekly Charts: Currency Wars Continue and then Intensify Since the rather sharp breakout from the cup and handle formation, gold has assumed what appears to be a steady, sustainable trend. Yes there will be rallies and corrections. It appears that gold will be bumping into the upper end of its trend channel between 1455 and 1480 in the beginning of 2011. If it maintains the current tight channel, which I think it will do unless there is a panic liquidation, 1390 *should* hold. A more serious sell off could test 1250. Will those waiting for a chance to get back into the gold bull market buy into position if it drops to 1390? Or even 1250? If they did not buy into the worst correction down to 700-50 on this chart then they will probably not. Once you lose your position in a bull market it is very difficult to swallow your pride and cli...