In what has turned out to be an intriguing week for gold, interest continues to grow in several of the major South African gold mining companies.
Bear's Lair
Bear Markets always follow Bull markets and a severe stock market correction is long overdue. Bears Lair will spot, monitor and analyze the stock market correction as it develops.
Although I have never been part of the organization, I've watched the founding and development of GATA (the Gold-Anti Trust Action Committee) with great interest and hope.
Deutsche Bank, along with some help from Goldman Sachs, bashed gold early today, taking it down almost $6, but the funds came in as buyers, taking it back up late in the day.
In the September 8, 1999 issue of our newsletter we interviewed Bill Murphy. Bill believed as do we, that Central Banks in conjunction with the U.S. Treasury have been intervening to keep the price of gold low.
$9 Gold Move and Internet Release of
"Gold Derivative Banking Crisis" report:
Just a Coincidence? Maybe Not
Spot Gold $281.40, up $8.90
Spot Silver $4.99, up 9 cents
Gold futures bottomed Friday, May 26th on the Comex - and should begin rallying into June.
On May 24, the Silver Institute issued a press release, highlighting the particulars of its World Silver Survey 2000, created for them by Gold Fields Mineral Services (GFMS).
Among the factors depressing the gold price in recent years, forward selling and other hedging activities have been prominent.
So it was recognized -almost immediately after the 1929 Crash- that much of the economic hype and Wall Street exuberance had been unjustified. Yes, the economy had seen almost a decade of inflation-free growth.
The relentless erosion of Europe's new currency is deeply troubling -- the more so because no one seems to understand what is causing the decline, much less why it is all but guaranteed to continue until the euro goes bust.<
The herd must be getting nervous. Peter Jennings on ABC's Evening News has told us about the collapse of both Boo.com and the Digital Entertainment Network on the same day.
It's fitting that I write this essay on the twentieth anniversary of the Mt. Saint Helen's Volcano. To truly understand raw power there's nothing quite like observing an exploding volcano from a safe distance.
When gold mines are the subject of a conversation, there is often an attempt to group similar mines together.
For a many years now, investors in silver and silver mining companies have been waiting for an explosion in the price of the metal that was to be triggered by the growing supply-demand deficit and the gradual elimination of silver
A moderately negative Wednesday . . . was the expectation all week, particularly as we got the desired rallying ahead of the FOMC meeting, and during the Retail, PPI and CPI numbers as we desired.
Crude oil prices climbed the Matterhorn recently -- first with a spike to $25 in late September, then with a precipitous drop to around $20 two weeks later.
There is so much talk of "our current strong economy" that one might be tempted to believe it.
One of the best ways to evaluate any stock is to compare salient characteristics with those of the same class.
Testifying before Congress in mid-1998 on the subject of over-the-counter derivatives, Fed Chairman Alan Greenspan set off a minor fire storm in the gold community when he observed: "Nor can private counterparties restrict supplies
Bullion banks expanded their short position in gold by dramatic proportions in the fourth quarter of 1999. Gold derivatives outstanding increased by a record $24.2 billion to $87.6 billion, the largest quarterly increase ever.
In my interview with Congressman Paul, which was published in the May issue of J Taylor's Gold & Technology stocks, the Congressman Paul said he believes the powers that be are intervening in the gold markets to keep the price
May 12, 2000
Supply Side University: Spring Semester, Lesson #13
To: SSU Students
From: Jude Wanniski
Re: Q&A on a return to a gold standard
The Euro-gloom that prevailed early last summer, in sharp contrast to the Euro-phoria that had accompanied the new European currency’s launch only seven months earlier, proved irresistible.
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78 percent of the yearly gold supply is made into jewelry.
