Business associate, technical analyst and trader Roger Wiegand, writer of Trader Tracks newsletter, publishes a weekly analysis of major market indicators. He lists statistics and gives trends from his viewpoint. I use these and often include in my newsletter. The following is such a report by Mr. Wiegend. 

The TSX powered ahead to a triple-digit gain on Thursday, climbing 154.43 points to 11,667.76, as gold and oil both moved higher, while the TSX Venture added 22.86 points to 1,388.42. Most TSX subsectors ended the day in positive territory including metals and mining, which recorded a 4% gain, as well as the TSX global gold index, which climbed 1.2% as gold for August delivery moved $3.80 higher to $1,195.60 an ounce.

As of last week our Inflation/Deflation Moving Average was at -2 for the first time this year. It bounced back a bit on Monday to -1 but depending on how the week ends up could stay at the lower level.

The TSX accelerated its losses Wednesday afternoon, tumbling 116.55 points to end the day at 11,513.33, as the market digested recent economic commentary from the Federal Reserve chairman. In his semiannual monetary policy report to the U.S. Congress Wednesday, Federal Reserve chairman Ben Bernanke said the Federal Reserve recognizes that the economic outlook “remains unusually uncertain.” 

Jay talks to GoldMoney Founder and Chairman James Turk on the most recent radio episode to tell us about his convenient gold holding company and look at gold and the economy.

James Turk has applied rapidly changing technology to meet the needs of human nature which never changes. The establishment has conned the American public into seeing gold as a barbaric relic so it can confiscate wealth through printing press money.