Royal Gold (RGLD)

Growing energy of the trend: Rev(E) 1 < 2 < 3.

Royal Gold (RGLD):

Euro to Go Under $1.20 'Almost Certainly': Gartman

Austerity will not be embraced "affectionately" by Portuguese, Greeks, Italians so the euro zone's problems will increase, Gartman said.

The point of this posting is not to confirm Gartman's or any other analyst's call on the Euro but rather the observation that austerity will not be embraced with Euro zone. Once a socialistic program is woven the standard of living within a society, it is not easily withdrawn. If the Euro is destined for further devaluation based on this logic, it is only a matter of time before traders reach the same conclusion with currencies of other over-extended nations facing similar problems.

My Euro commentary on May 18th suggested that a relief rally, if possibly, is not a turn. The breach of the monthly low on increasing volume and new lows in the REV(E) reflects what could be irrevocable loss of public confidence in the Euro.

Very little has changed to the technical picture since then.

Source: finance.yahoo.com

Turkish PM calls Israeli ship raid a 'massacre'

The blame game starts. Turkey, a predominantly Muslim, is a key Western ally that promotes stability within that region. Any actions taken against Iran need the support of Turkey. Thus, when words such as the two countries have reached a turning point in their long-standing alliance should not be easily dismissed.

The Turkish prime minister furiously blamed Israel on Tuesday for a "bloody massacre" that killed nine people on a Gaza-bound Turkish aid ship, and proclaimed that the two countries had reached a turning point in their long-standing alliance.

Source: news.yahoo.com

mailbox

Please know that I have no financial connection directly or
tangentially with this business endeavor. I did contribute, with no repayment required, the first technological equipment as I believe this is a needful service for the community wanting it to be field tested. Since the profit on counterfeited coins is minimal, it seems to me that all bars, teals and the various forms of processed gold prior to 0.9995 fineness are those most prone to adulteration. Jim

> Dear Jim,
>
>
> I wanted to give you and all the CIGAs an update on the interesting
> work we're doing over at BullionAnalysis.com .
>
>
>
> As you know, we have developed a sophisticated digital analysis
> technology that is able to conduct various modes of penetration
> scanning on even the largest gold and silver major exchange bars, to
> determine if the bullion has been forged to include lead or tungsten
> or other materials in the core of the bars or coins. Our most
> recent enhancements to the software and energy emission elements of
> this technology have allowed us to successfully detect adulterated
> material in even the roughest condition large 1,000 ounce silver
> bars which already had significant surface cracking and evidence of
> having been run over with a forklift. This rough mishandling was
> unable to hide the fraud that had been perpetrated on this "good
> delivery" bar, and our analyst was able to digitally map the lead
> alloy adulteration which was present throughout it's deep interior.
>
>
>
> The other gold and silver major exchange bars that this firm had
> all successfully passed our inspections and we were able to issue
> holographic tamper-resistant certificates that stated the positive
> results of our testing for each bar. These certificates were given
> to the customer firm adding value via peace of mind to both the
> seller and future owners.
>
>
>
> Presently we are focusing our efforts on the US and Canada on
> working on behalf of individuals and corporate clients that wish to
> have one of our technicians travel to their location or their
> depository and conduct our analysis.
>
>
> We also offer an escrow verification service, where we will work on
> behalf of firms or individuals who wish to take delivery of
> shipments of bullion from dealers, private transfers from
> depositories or from the COMEX. We will certify the bullion as it is
> being unloaded from armored car services, before you accept good
> delivery from your counterparty. We are also able to work directly
> with bullion dealers and scan and certify bullion products before
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> buyers. We charge the same nominal consulting services fee as we do
> for all of our other clients.
>
>
> We are hoping to expand our operations later this year to allow us
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> investors and provide our services at a minimal fee for smaller
> retail client CIGAs. Our plan is to have our current consulting
> business pay for this expansion which will require the construction
> of either a depository or a similar heavily secured storage facility
> to receive shipments of gold, silver and platinum from CIGAs who
> desire testing certification.
>
>
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> I hope everyone will give us a look. Anyone who is interested in
> using our consulting services where our team can travel to their
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> contact us through our website, www.BullionAnalysis.com or email us
> at info@bullionanalysis.com .

Tanzanian Rty Explr Co

TRE followers -

The second tap was backed by more energy than the first. A close above 4.73 will be difficult to contain. A test of 1350 during the A-wave will bring a retest of March 2009 swing high.

Tanzanian Rty Explr Co (TRE):

US Stocks find resistance

The test of the 5/20 gap came on decreasing volume. This suggests that the upside force was insufficient to break the zone. If resistance is to be cleared, it will do so violently on a sign of strength (visualization)* or through attrition over time (visualization)**.

S&P 500 with Exchange Volume:


* Kool Aid man busting through barriers to quench your thirst
** Pac Man or (Ms. Pac Man) eating away and wearing down resistance

Sell in May and Go Away in 2010? Poll

Thanks to all that voted on the Stocks - Sell in May and Go Away in 2010? Poll.

A total of 230 readers voted
41% voted Yes
34% voted No
24% voted Don’t Know

For those that voted Don’t Know Ask Eric, here’s my response despite minority voting.

While stocks have hit an air pocket in the trend and experts once again tout their 1,000 Dow and 1,000 Gold arguments, they ignore the obvious safe haven capital flow trends. The equity market’s direction will be determined by capital flows. The flight for safety into movable assets (stocks, gold, and other tangibles) continues as devaluation and lack confidence in fiat intensifies within the context of the evolving International Sovereign debt crisis.

Should one sell into May and Go Away in 2010?

Kennedy Gammage once wrote that “Those of us who make a living looking into a crystal ball will end up learning how to eat lots of broken glass.”

There’s a major cycle date high for stocks in August 2010. When time is up, price will reverse. I would not be surprised to see stocks higher in August than April or May. This, however, does not suggest that one should not sell in May and go away. Go away into U.S. Treasury bill? No. Go away into Gold? Yes.

It appears that the fourth consolidation pattern since 1999 has broken to the downside. It's only a matter of time before the 2009 lows are broken.

U.S. Large Cap Stocks Capital Appreciation Index (LCSCAI); S&P 500 to Gold Ratio: