Gold Editorials & Commentary

The truth is most traders lose money. And the few that do make money seem to make tones! Why is that? Let's take a closer look to what the average Joe see's and does.

Average Joe Chart #1

I just got a call from my friend Van Simmons. He said, "Steve, have you heard about this deal? I've been buying all I can."

Now that the Fed has raised rates to 5.25%, and has left the door open for future increases, the overriding concern is that over-tightening will tip the economy into recession.

Is gold a threat? You bet, but not to you or I.

A cycle seems to be in progress, playing itself out within the confines of the commodity bull market. A pendulum swings its investor emphasis from gold to energy and back again to gold.

I am No Longer an Investment Advisor. I am retired and I refuse to make any recommendations on individual stocks; nevertheless I get quite a few emails and phone calls asking for specific investment advice.

Precious Metals stocks are believed to have bottomed, although we may see a test of the recent lows, and prices may dip marginally below them in coming weeks, any such retreat being regarded as a major buying opportunity.

As real estate prices spiraled upwards over the last ten years, artificially low interest rates and lax lending standards were not the only factors helping to maintain housing affordability.

"In our society today, money's value is measured by what it can buy--its purchasing power. The Massachusetts Bay Colony issued the first paper money in the colonies in 1690.

Don't look now, but a dilemma faces almost every single policy maker on the planet, and some tyrants roaming the planet.

From the emails I've received in the past few days, it appears that I may be one of a very few who is currently short gold and long dollar. That's alright, I'm not big on crowds.

I am personally convinced that gold is the most valuable commodity in the world, but my conviction flows from gold's physical properties as opposed to its status as a reserve currency.

Today I want to share a rather rare chart formation with you. The pattern known as "Three Peaks and a Domed House" was made known by George Lindsay. I have very little history on Mr.

Gold is in a classic buying area, it’s recent sharp decline having halted exactly at its 200-day moving average and in a zone of strong support.

Last week, if you felt like the person in the cartoon below, you were probably in good company. It was a gut-wrenching downward plunge that challenged the emotions. Relax, there is some good news.

The most Common economic viewpoints predict that the aging societies of the Developed Countries, especially Japan, portend lower economic growth in the future because their aging populations are likely to save more (consume less) than younger populations.

The recent plunge in the price of gold has caused shell-shocked investors to second guess their previous outlook for the metal. However, in the midst of a roller coaster market it can be very easy to lose touch with the broader perspective.

Did you ever see a better buying opportunity than the last few days? Did you ever see a worse day for futures holders, many of whom were wiped out? Did you ever see a worse period for holders of the Dow, NASDAQ, et al, when the bottom fell out?

Gold plunged today as the steep but orderly decline from a “Matterhorn” top gave way to a stampede for the exits as blind panic set in - normally a symptom of a bottom.

"I am pleased to report the inflation monster has been captured and placed in a jar".

Thank you for your feedback and comments in regards to my previous commentary, "A golden opportunity?" In reaction, many readers have asked me why is it that after having been a consistent buyer of the gold market for the past five years, now am a seller of gol

All four are termed 'commodities,' but all four are different. Let's examine them all briefly, and see what attributes, liabilities, and chances one takes in investing in them.

OIL

Recently I conducted some economic research on the last bull market we experienced in precious metals from 1970-1982.

Back in the late 1990's telecommunication companies such as Cisco, Nortel, and Lucent sold or, though various vendor financing schemes, pretended to sell, vast quantities of equipment to money losing start-ups.

In "Elliott Wave Update IV" published on 19 February 2006, the following was the summary of my views on gold at that time:

Summary of Gold Update IV:

The World, the Economy and the Stock Market in particular, always act like a giant pendulum, swinging from under valuation to over valuation, deflation to inflation, paper assets to hard assets, calm to turmoil.

As an investor, there are two main values of the U.S. dollar to monitor:

The current gold price correction has probably been completed in terms of price magnitude but the correction may not be completed in terms of time duration and complexity.