Gold Editorials & Commentary

I can't complain. My wife and I have plenty to eat and we own our home outright. With no debt and enough money to carry us for the next few years, we'll make it through this economic downturn as long as we continue to live modestly.

On Monday, December 15, backwardation on gold was still in force at an annualized discount rate that narrowed to 1.55% in the December contract, but widened to 0.36% in the February contract.

Back in 1989, Forbes Magazine published an article painting Vancouver, Canada as the “scam capital of the world”. As evidence he cited a few debacles which certainly caused investors to lose money, but the amounts are trifling compared to the trillions that have...

Over the past several days the dollar has gone into a severe decline, and this drop does not look like a reaction within an ongoing uptrend, as was the case in September, for as we can see on the 6-month chart it follows the development of a Head-and-Shoulders

The principal missing piece in the grand American mosaic of banking destruction, corrupt collusion, fraudulent bonds, Wall Street control, suppressed regulators, compromised ratings agencies is JUSTICE and REMEDY.

On Friday, December 12, backwardation on gold was still in force at an annualized discount rate hovering around 2% in the December contract, and 0.3% in February contract.

As most traders close out their books for the year it's looking like gold may be the best performing asset this year, but we still have a couple weeks to go. If that happens it should draw quite a bit of positive attention to the sector.

GLD - on buy signal.

ARE TREASURIES AAA JUNK BONDS?

Change is in the wind. The ratio of the gold shares to the gold price has now given an unequivocal buys signal - as can be seen from the following 3% X 3 box Point and Figure Chart (courtesy stockcharts.com)

The resource industry and market review I have prepared are the result of several queries from investors and associates in the past few months about my feelings and beliefs regarding the current debacle and what the future holds.

Broad Markets on the Brink of Destruction

Another fun week is finally over. So many traders have logged off for the year so with the lighter volume comes volatility and the week didn't disappoint. The DOW ended the week down only 2.19% but the swings were wild nearly every single day.

Another fun week is finally over. So many traders have logged off for the year so with the lighter volume comes volatility and the week didn't disappoint. The DOW ended the week down only 2.19% but the swings were wild nearly every single day.

One of the more unusual manifestations of the financial meltdown this year has been the dollar spike, that caught a lot of traders by surprise, and was generated in part by a stampede into the percieved safety of short-expiry US Treasuries, which necessitated t

As these words are being written, there are two extraordinarily worrying facts in the world's financial markets:

GLD - on buy signal.

December 2, 2008, was a landmark in the saga of the collapsing international monetary system, yet it did not deserve to be reported in the press: gold went to backwardation for the first time ever in history.

The USGovt and financial system is growing deep commitments to support dead entities. Their business models have failed. They are bankrupt.

THE DANGER AND PITFALLS OF LOW INTEREST RATES

Here is our monthly update on major indexes for our international investors.

The "crime of 1873"

It has been an incredible year loaded with surprises but I think that the next few years will surprise even more. Whenever I feel certain about something coming, I 'm glad to put it in print.

So the trough is about to be refilled, this time with even more feed - $800 billion to be precise. Thanks to the Fiat money system this extra liquidity can simply be created out of thin air, all it takes is a few keystrokes.

For USA readers we wish you a Happy Thanksgiving. We have a lot to be grateful for if we sit and make a list. Sure, there's a lot we don't like and a depression may be coming to America, but take a look around.

The OMEN for a powerful shift in the gold market in my playful mind was the very real earthquake on November 18 here in Costa Rica, a clear signal from the financial gods, no minor tremor, measured at 6.0 on the Richter scale.

As this is going to be the last of these Updates, it is appropriate to review the reasons for writing this series of articles on Elliott Wave and the gold price.