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Armstrong had noted in January that we needed to close out Feb. 2012 above $1769 (the Dec close) to remain bullish on gold and not go sideways for a while. Seems $1769 is in the bag, he now see’s $1779 as the next pivot point which could become support. He also says the next resistance [...]

Interesting read from Pritchard… Lots of pushback on pulling deficits down by the Spanish. See Link here.

There are a couple of very interesting video’s on zerohedge by Grant Williams on building the case for gold. He provides a chart at the end of the second video that show that good would need to be valued at over $9000 to match the US’s money supply. ( the same logic that set the [...]

Ben Davis says a Central Bank has moved into the Gold market and is the reason for the recent increase. See full article here.

Eric Sprott’s latest Market Commentary is out. Some interesting comments relating to pensions in Europe and for S+P companies and how incredibly underfunded they are. See article here.

According to a tweet from zerohedge only 10% of Hedgefunds have beat the 7% increase of the S+P YTD. I’m up more than the 7% YTD personally due to heavy gold and silver exposure. But you know, it’s very hard to get excited about beating a bunch of idiots anymore…. Full article here.

Interesting article where MSM starts to figure out Jim Sinclair’s “cost push inflation”. Oil priced in gold is below the historical average ratio. So gas prices need to increase, sorry USD needs to drop, to get back to the average ratio. See full Forbes article here.

A great read and some insight to some of the silver producers reaction to his letter to not sell all their silver for paper silver prices. See article here.

Progress being made at El Gallo. Link here.

Below is a great read from Nigel Farage. Contacts of his in Greece say those with assets are buying rifles to protect their property. He see’s revolution coming soon… Full article here.