Colin Twiggs Trading Diary

Recommendation

Sign up for Colin Twiggs FREE email Trading Diary updates. I highly recommend them, Colin has superb concise chart analysis.

Why You Should Own Dollars Today, Gold Tomorrow

Richard Russell says “The way the world is going, ‘gold will be the last man standing.’ Gold will be wanted because unlike everything else, gold cannot go bankrupt. Gold has no debt against it, gold is not the product of some nation’s central bank. Gold is pure intrinsic wealth. It needs no nation to guarantee it. Gold is outside the paper system.”

Check out his whole article here

The Next Major Financial Crisis

From Seeking Alpha “Warren Buffett doesn’t see the “green shoots” Ben Bernanke and other bullish investors have spoken of in recent months. In fact, the billionaire investor believes the economic picture will grow darker before things improve.

“Everything I see about the economy is that we have had no bounce,” Buffett told”
click here for the whole article

Welcome to BAA_BAA’s Gold & Precious Metals

Free newletter; Elliottwave.com

Try this free email newsletter, if you like it join Club EWI or subscribe to one of their many excellent publications. I find it and their subscription services to be a very useful to balance the perma bulls views that proliferate on the internet. You don’t have to believe it per se, but you’d be foolish not to take it into account. JMHO.

Elliottwave.com free newsletter

Try this also, their Club for FREE e-books and reports, well worth the investment … especially for bugs, their FREE 40 page Gold & Silver e-book

Gold miners, “window of opportunity”

Mineweb – Junior gold miners seeing windows of opportunity
Few sectors have been as hard hit as the junior miners by last year’s market collapse but capital raising opportunities are occurring, particularly in the gold sector

Pav Jordan points out that falling stock prices are only bad news if you hold on to them

When are Miners a good buy?

Mineweb – Miners bruised, but standing firmSince 3 June, when global mining stocks touched eight-month highs, the heaviest net selling has been seen among listed primary silver miners, followed by specialists in nickel, copper, potash, gold, and platinum.

Barry Sergeant points out the opportunity

One good reason for selling 400+ tonnes of Gold

Fancy that, I was browsing around and found Mish, and he has this article he wrote. Of the three reason given, I think 3) is compelling because it is about a buyer of the IMF’s gold … you guessed it, Mish thinks China too. Nice one Mish.

http://globaleconomicanalysis.blogspot.com/2009/06/us-approves-imf-gold-sales-what-does-it.html