Gold Editorials & Commentary

"Here Come the Precious Metals!" We are increasingly confident that the silvers made an important Bottom last July and golds last December.

One of the chief hallmarks of stock market bubbles (as we are presently experiencing) is the prolific rate at which publicly traded companies attempt to enhance their bottom line through mergers and acquisitions.

As the threat of a global computer meltdown in the new millennium bears down on us, one should expect to see growing signs of nervousness in corporate board rooms and on Wall Street.

"Indonesia's financial markets plummeted for a second straight day, contributing to sharp declines in stocks around Asia, as unrest escalated in at least four Indonesian cities following fuel-price increases mandated by the International Monetary Fund." So bega

Bank mergers seem to be the wave of the future. With the merger of Citibank and Travelers, we have a bank extending from coast to coast for the first time. Other mergers are on the way.

Based upon historical superior market performance of South African gold stocks over North-American and Australian precious metals mining shares, it is reasonable to assume that again the South African gold mines will perform even better this time on account of

Am Silbermarkt tobt zur Zeit ein heftiger Kampf, zwischen Bullen und Bären. Beide Seiten werfen sich eine Manipulation der Silberpreise vor und es werden bereits Gerichte bemüht.

We have written before about the remarkable ability of banks to create money when making loans, and of their equally remarkable ability to multiply these newly created-from-nothing bank deposits via fractional reserve banking.

An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions.

U.S.

Every week we receive email from many parts of the world requesting information about HOW TO EVALUATE A GOLD STOCK. Addressing this growing need we present a general procedure analysis that the average investor can perform by himself.

I have greatly enjoyed hearing from readers, especially the combative ones who have argued, in effect, that this bull market will continue forever. Herewith, a response to some of your comments and queries.

Perception, whether based on reality or myth is a powerful force. When it is based on actuality, this is a reasonable thought process.

No matter how much cats fight, there always seems to be plenty of kittens.

Abraham Lincoln

In a recent posting to a Gold Chat Group, someone asserted:

May 15, 1998

ANNUAL STOCK HOLDERS' MEETING

MARRICK GOLD

Toronto, Ontario - CANADA

Peter Bunk, Presiding

Gentlemen:

INTRODUCTION

Nothing is more annoying than to be obscurely hanged. Voltaire

It was once said that "gold and oil can never flow in the same direction. If the current price of oil doesn't change soon we will no doubt run out of gold."

ANOTHER - October 5, 1997

To those somewhat familiar with the world's spectrum of gold mining stocks, it has always been an inexplicable enigma why North-American and Australian gold stocks should perennially enjoy much higher Price/Earnings ratios than their South African brethren.

Knock-knock

Who's there?

Wayne

Wayne who?

Wayne, wayne go away, come again another day!

Money is whatever people agree it is. At various times and places in history, money has ranged from sea shells and gold coins to paper currency and now electronic debit cards.

Mr. Johnston's Letter to his Sons!

(The Sting & Ponzi Scheme!)

When a bull market takes leave of its senses as this one surely has, what's an investor to do?

If you're planning to cash out near the top, there's just one answer: toss prudence overboard.

Almost a year ago a very interesting and erudite gold study was published in the British press. The report was produced by the Economist Intelligence Unit (15 Regent Street, London SW1Y 4LR).

One feature we like to do every now and then is what we call "Pennies From Heaven." This is a spotlight on stocks we've stumbled across in our research which fit three important criteria.