Gold Editorials & Commentary

Can an ad hoc committee of international bankers make the tremors stop?

Our recent forecast of an imminent stock market sell-off was nullified last Thursday when the Dow Jones decided it had other plans and proceeded to leap nearly 400 points to the 8300 level—a level unseen since August.

The gold market last week did not disappoint goldbugs and investors who are keeping close watch for a possible turnaround. Yet it still has not yet provided us with the decisive penetration above $304/oz.

It is important that what passes for money today be taken seriously. There would be no point in producing it--not that that's difficult or costly--if its true nature were perceived.

Technicals -

The outlook for U.S. and world equities was firmly bearish last week and we expect it to remain so for the balance of the year.

U.S. equities markets entered the initial stages of what we consider to be a crash last week.

Technicals -

Exactly one year ago I did a study comparing the incredible price run of the number one tech-stock of the 1920s (RCA) with the similarly spectacular price increase of unquestionably the best high-tech stock of the 1990s (MICROSOFT).

Fear and panic becoming predominant sentiments among global investors

Technicals -

Bears were rewarded last week on Wall Street as a significant and long-standing technical development finally culminated with share prices falling hard towards the end of last week.

Technicals -

After enduring several years of harsh investor sentiment in the form of depressed share prices, several Canadian gold mining stocks appear ready to reverse course and return handsome dividends to their long-suffering shareholders.

These are surely giddy times for bears.

And why not? For most of them the summer's stock market crash came on with a warning that had all the subtlety of a brass band parading down Main Street.

The gold market is showing unmistakable signs of a turnaround that could witness in the coming weeks a bullish move to levels unseen since 1997.

Long-time readers of this commentary will have noticed the large emphasis we place on geometric patterns formed in the stock charts.

Global markets, buoyed by short-term strength from buyers, evinced partial retracements of the declines that have plagued most major stock, bond and currency indices of late.

I am holding a flyer distributed by a supermarket chain in northern Spain. It says, across the top of the first page: "Prices in effect from the second until the fourteenth of January, 1998." Obviously, therefore, the booklet was printed at the end of 1997.

Long-time readers of this commentary will have noticed the large emphasis we place on geometric patterns formed in the stock charts.

Monetary Realists, knowing not so much what they've been taught, but what they've learned with their eyes open and ears tuned, see things clearly, without peering through a haze of misinformation masquerading as knowledge.

September 17, 1998 05:23 GMT -- Fed Chairman Alan Greenspan's testimony before the House Banking Committee Wednesday confirmed something we have been forecasting for the end of the 1990s: a deflationary global debt collapse and what we call a "Supernova" of the

Life is just a bowl of pits. Rodney Dangerfield

September 12, 1998 05:06 GMT -- The long-awaited report from Independent Council Kenneth Starr is finally out, and the U.S. stock market didn't seem to care.

We wrote last week of the high potential for a crash on Wall Street, basing our argument on the confluence of cyclical and geo-harmonic patterns that were to have occurred during the week.

Monetary Realists--both of us--are like the little boy in the story of the Emperor's new clothes. Untrained in economics, we do not know what we are supposed to see; and we have escaped the indoctrination, a.k.a.

Greg Mastel is a member of the Washington think-tank Economic Strategy Institute.

I was preparing a column about CNBC last week when the following message arrived via e-mail from my friend and colleague, Michael Belkin:

"Belkin on CNBC Bubblevision? Today at 3:40 EST? How'd that happen?"