WELCOME TO THE GOLDBUG:

We forecast the spot gold market each day and key gold stocks and indexes each week.

Trade with confidence... See our performance below
Signals achieved 125,000 PIPs over last 12 months.
In 2009 our Gold stock and index forecasts are up +40%
(excluding trading fees and unaudited)

Our International team of experts uses....Read More

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[Most Recent Quotes from www.kitco.com]
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Ten Important Steps
to Successful Gold Investing:


1) Have Realistic Short-Term Growth Expectations -
Use gold as a value stabilizer, not a vehicle for turning a small lump of cash into a fortune overnight. Although spikes in price do happen from time to time, the smart investor will always look for the long-term utility of a position before putting their hopes into short-term winnings. Keep your expectations realistic. Gold, while stable, has returned an average of over 15% per year since 2001 and has risen 150% in the same time proving that patience is key. Gold makes sense right...
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Weekly Comments from TheGoldBug

July 1, 2009

The weekly commentary appears every Wednesday evening. Other comments will appear as market conditions dictate.

Economy
Reputations are rarely as good or bad as they appear at first glance. The much maligned former Treasury Secretary Henry Paulson had his share of missteps. However he did many of the right moves when the economy hit the fan. Last September 15, when Lehman Brothers imploded, we all had a look into the looming abyss. Treasury and the Federal Reserve combined to keep the economy from falling in. Both political parties passed the very necessary bailout bill in a rare show of unity to save the economy. Today, many politicians and TV pundits are espousing a revisionist history.

World
Food aid to North Korea has dried up after recent missile and nuclear tests. Malnutrition, a fact of life for two decades is accelerating. Torben Due, the U.N. World Food Programme representative in North Korea says in many areas women weigh only 100 pounds just before giving birth. History shows that food shortages create revolutionary pressures. How much of the North Korean bluster is for domestic consumption? War threats are always good excuses for crackdowns. Kim Jong-il wants to pass his leadership post to his 26 year old son. He may need a war to maintain his iron grip and complete the power transfer.

XAU
This first day of the new fiscal quarter all sixteen XAU components closed higher.
xau weekly
The XAU closed at 144.33 up 5.31 points, a 3.82% gain. In this monthly chart the XAU is just above it's 50 month moving average.
yamana
Yamana Gold was the best percentage performer, up 7.13%.
Kinross
Kinross gained 6.78%.
Randgold
Randgold Resources gained 4.8%;
Goldcorp
Goldcorp gained 4.43%.

Quote
“Good traders get out of their bad trades and add to their good ones.” Dennis Gartman

Trivia
Who said this at a conference honoring Milton Friedman on his 90th birthday? “I note that I first read A Monetary History of the United States early in my graduate school years at M.I.T. I was hooked, and I have been a student of monetary economics and economic history ever since.” Answer next week.

Last week
: Which President made it legal for Americans to own gold? Richard Nixon.

 

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Gold Stocks and Index Forecasts

Sample Weekly Forecast:

 
sample forecast
(click to enlarge)

Gold, having come off its February highs of $1,000, retreated down to $870 in March as the US dollar began to show short lived strength. This down turn in Gold did not last long, however, as the US dollar plummeted after the Treasury announced it will be financing it own debt. As the US government continued to finance its debt...                         Read More...

Performance Results:
  S&P 500 Actual TheGoldBug Members
2009 -2.20% +40%

Daily Spot Gold Price Forecast

Sample Spot Forecast:

sample spot gold forecast

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See Our Past Performance Results Below:
May 2009 up +1050 PIPs ... Another winning month
June 2009 Total Profit = 200 Pips Detail
May 2009 Total Profit = 8500 Pips Detail
April 2009 Total Profit = 10210 Pips Detail
March 2009 Total Profit = 7150 Pips Detail
Febuary 2009 Total Profit = 11305 Pips Detail
January 2009 Total Profit = 11855 Pips Detail
December 2008 Total Profit = 8110 Pips Detail
November 2008 Total Profit = 13525 Pips Detail
October 2008 Total Profit = 14800 Pips Detail
September 2008 Total Profit = 8460 Pips Detail
August 2008 Total Profit = 10270 Pips Detail
July 2008 Total Profit = 11590 Pips Detail
June 2008 Total Profit = 10545 Pips Detail
May 2008 Total Profit = 10290 Pips Detail
April 2008 Total Profit = 9725 Pips Detail
March 2008 Total Profit = 9380 Pips Detail
Febuary 2008 Total Profit = 11055 Pips Detail
January 2008 Total Profit = 8690 Pips Detail
December 2007 Total Profit = 9370 Pips Detail
November 2007 Total Profit = 7490 Pips Detail
October 2007 Total Profit = 10185 Pips Detail
September 2007 Total Profit = 390 Pips Detail