Gold – the stealth Bull Market

Posted by Peter Grandich - Agoracom Small Cap Investment

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(for a larger image of the chart and Peter’s full comment go HERE.)


As noted over the weekend, option expiration in the gold market led to weakness. What a surprise-lol! While risk remains to $1,015 – $1,025, and even as low as either side of $1,000 if the U.S. Dollar can get above 78 on the U.S. Dollar Index, don’t lose sight of the bigger technical picture. Richard Russell of The Dow Theory Newsletter has correctly noted how gold has once again broken out from a bullish triangle formation. We remain in a secular bull market that’s been stealth-like and dominated in the news by bears (who have been wrong over and over again) and weak-kneed bulls who missed the latest up move and desperately need a bigger pullback to get back in so not to lose face.

Special Alert

Continental Minerals (KMK-TSX-V $1.50) is my largest personal holding of which I added to aggressively this morning. While I don’t work for the company, I do work for other companies managed by KMK’s management group, Hunter-Dickinson.

I’ve been speculating that KMK is a takeover target. The recent entry of a Chinese mining company as the second large Chinese company to hold a significant stake in KMK, IMHO has set off a ticking clock for either them or another party or parties to make a bid for KMK. This news today was the tip off as far as I’m concern. I believe they’re posturing to make a bid. The original large shareholder can not afford IMHO to wait and must be preemptive.

I’m raising the buy limit on KMK to $1.55. Please remember, one must be prepared to lose part or all their capital when speculating/gambling.

More market reading suggested by Peter:

Crack In The U.S. Stock Market?

To HERE Peter speak and others speak on Trading go HERE:


On Major Moves, Grandich has been very right and not only saved many investors fortunes, but expanded them dramatically. On November 3, 2007 at the MoneyTalks Survival Conference, Peter Grandich of the Grandich Letter warned that “an unprecedented economic tsunami will hit American beginning in 2008”.   Peter advised publicly to short the US market two days from the top in October, 2007 and stayed short until the last week of October, 2008. He began to buy stocks in March 7th,  2009. He also bought oil and oil related investments near the lows after the dive from $147.
….go to visit Peter’s Website.