Gold Editorials & Commentary

Gold in US dollar attracted a lot of attention in the past few weeks. It broke $500, went parabolic by reaching $540, then dropped like a rock to touch $494 four days later.

The U.S. dollar, which has staged a counter-trend rally all year, looks like it is finally poised to resume its historic decline.

The USDollar is next to be subjected to a double-barrel assault, call it a shotgun. The first barrel lies in the financial sector. The interest rate advantage gradually fades, as the Euro Central Bank has begun its tightening cycle.

The word on the street today came out that there is no need to worry about inflation and the market shot up over 100 points, while gold dropped over $25 intraday points in two days. Was all this the result of removing the word accommodative? Bull S_it!

With gold and silver making new highs every other day, a lot of attention is shifting to the precious metals.

The demand for gold has been exceeding production for over 18 years and there is a tremendous amount of money in the system beginning to aggressively chase gold, a limited commodity.

We have spent some months, now, considering the Precious Metals markets, especially the HUI Index, as being in a great BULL MARKET.

The Russian Central bank is buying up to 1,000 tonnes of gold to double its gold holdings from 500 tonnes, most of which, 377 tonnes, is lent out.

Yesterday I posted a chart of COMEX October 1979 gold, showing the very nice run gold had back in '79.

An article in yesterday's Wall Street Journal discussed how self-proclaimed "Depression buff" Ben Bernanke claims understanding of how the Fed caused the Great Depression and precisely what he would do to prevent such a calamity from reoccurring under his tenur

Tis the time of the year when analysts and market observers are busily presenting their forecasts and outlooks for 2006, and as always, it will be a mass confusion for the investing public, as both bulls and bears will showcase their impressive arguments on why

The market price for an ounce of gold rose to over $500 last week, a significant milestone for economists watching precious metals and commodities markets.

Random Walk, the name of a well-known theoretical market model of random price movements, definitely does not exist in the gold market. But then how does one explain gold's statistically proven price anomalies?

This purpose of this article is to examine the veracity of the claim made in the first line of my debut article "Silver: A Rare Opportunity"

The level of intensity of my recent spate of communications has heightened because I saw the markets reaching for a point of structural decision; and I tend to pay much more attention when that happens.

The Amendment for Jobs Creation Act is a classic misnomer, a fraud, nothing but a sweet corporate welfare conjob. The only job in this scheme is "conjob" for sure. Few if any new jobs were created, as over $200 billion have been repatriated to date.

We know the gold price has been manipulated by constant central bank selling over the years. Work by Frank Veneroso made a very strong point that the equilibrium price of gold along about 1998 was over $600 if the central banks stopped dishoarding.

As the Fed continues its inflation campaign, most have yet to come to grips with the reality of America's uniquely precarious situation.

Back in the late 1970's, the lineups to buy gold were reminiscent of people waiting to buy Stanley Cup Hockey tickets at the then Famous Montreal Forum.

[During this time of year for giving thanks, I found myself in a bit of a strange circumstance this afternoon. I was watching a show on television that was filled with hope as a young person gives it his all in an attempt to accomplish something special.

Many newer subscribers to our service are not familiar with the ongoing long term outlook we have on the gold sector in the past two years.

For Tocqueville Gold Fund's John Hathaway, gold shares "give you more octane than the metal itself."

November 10, 2005

Discontinuance of M3

Gold in US$ terms has surpassed $490 per ounce, with the "magical" $500 level within spitting distance. The financial markets and their shallow mavens have grasped the price inflation issue as a relevant factor, and little else.

There's the housing bubble and the commercial office space bubble. There's the Bond-market bubble and its two progenies, the junk-bond market bubble and the emerging-market-debt bubble.

As little as one hundred years ago, a silver dime paid a worker for a full days worth of work. At today's fire-sale prices, you can buy those same 90% silver dimes for about 60 cents each.

Historically, national housing prices have increased no faster than the annual rate of inflation, as measured by the CPI.