The price of gold in most other currencies has been performing quite well this year. Yet, the one obstacle that has been holding gold down in the US Dollar is the strength of the US dollar vis a vis other currencies. Our analysis says that the strength in the dollar cannot persist for much longer without damaging the US economy more that it can afford. Many long term fundamental gauges are at levels that have previously led into brutal bear markets in the stock market. The fact that insiders have been selling their own personal shares at such a high rate should be a warning of a looming bear market. BUT a bear market in industrial stocks is very bullish for gold and gold minning stocks. Note well what we report in the following paragraph.

Insiders! Huge amount of officers and directors selling
Last week one of the largest weekly “insiders” stock sales by offcers and directors occurred. These most informed of all investors (they work at these companies) reported approximately $23,000,000 of purchases by the “insiders” but at the same time they reported an enormous $578,000,000 in sales of their own companies shares. Insiders have been selling very heavily over the last year and this level of selling generally occurs during periods when the stock market is making a major top. HOWEVER, we can find many stocks that are very undervalued and are being bought by their own officers and directors.