Gold Editorials & Commentary

Part III

Why Is Gold A Good Store of Value During Deflation?

Nobody wants to pull a trigger . .

Editor's Note: Mr. Hickel challenges Mainstream Media Bias of "cheerleading stocks and bonds as the best investments period." Following are emails he sent to the perpetrators.

We have considered what makes a particular currency "hard," while another, equally valuable-or worthless, depending on your view-is "weak." It has nothing to do with the paper itself. Paper is paper.

This piece entirely deals with what to do with dollars. Of course it can also apply to Francs, Pesos, Yen, Pounds, or what have you, depending on what the economic situations are in the nation in which you reside.

Gold came off a bit last week as the manipulators continued to bide their time. Given the ridiculous levels to which the dollar has risen, manufacturing, mining and farming in America are all in deep trouble.

When the sun shines up here in Portland in August, we do know how to get down as they say. We have a local festival paying homage to real Italians and wantabes like me.

At precisely 1:57pm on June 27th, 2001, a seller dumped 100 contracts (10,000 ounces) of gold on the Comex market. The transaction was noteworthy as to the amount and timing.

Talk about 'climbing a wall of worry'. . . after the Fed failed to chip-away at several pertinent concerns in any way (effectively stating the truth we all know about the U.S.

Part I

Unbeknownst to a new generation of be-boppin' baby-boomers, the seeds were being sown for their new-millennium experience with deflation and a collapsing speculative bubble before they were even born.

INTRODUCTION

The gold market came to life during the eight trading days through Friday, rising $ll.90 to $280.50 an ounce. Both volume and open interest, which had declined to historical lows, rose with rising prices.

Whenever one makes an investment, it is smart to look at the upside and downside possibilities. To explain, look at the NASDAQ at 5,000.

Due in no small measure to articles he wrote as a young economist, especially his 1966 essay "Gold and Economic Freedom" (reprinted in A.

The strong dollar is destroying the American economy and with it American society. The banking industry, which has more than any other industry a say in how our country is run, loves a strong dollar because it draws capital into the U.S.

In the year 1999 Daan Joubert, Marion Butler and Joseph Miller jointly authored an ambitious research work titled 12,000 Years of Elliott Waves and What This Means for the 21st Century ( www.gold-eagle.com/edito

On May 22, 2001 the Nasdaq reached an intraday high of 2328, the Dow 11,350, and the S&P 500 1315.  Since then the markets have been held inside of an extraneous trading range with April's lows marking the 'bottom'.  Although this range looks secure in the

GATA Chairman Bill Murphy this morning issued a press release about GATA consultant James Turk's recent discovery about the disappearing SDRs.

An EKG of a tomato . . . would be more exciting than recent stock market action.

Thank you for a mystery for me, but... No, thank you. It does not "rank high with any of the great thrillers solved by Sherlock Holmes", and... it is fiction.

Economics 101, Logic 101, Physics 101, and every other "101," says that what goes up, must come down, and furthermore, a balloon cannot be forever inflated, without it bursting. The way I see it, there are two bubbles or balloons.

The intermediate-term outlook for Durban Deep (DROOY) hasn't looked this promising in years, and long-term holders of this South African mining stock will not be disappointed as several key cycles bottom in the month of August.

An unrelenting grim report . . . from the Beige (or 'Tan') Book, spooked markets in a dramatic way Wednesday; though little of that should have been surprising to any.

Everywhere I look, it's the GDP! Graphs and charts about the GDP, and the GDP forever. As if the GDP means something important. I say it doesn't. Who cares? Why don't I give a non copper penny about the GDP?

The opening quote in the August 3rd Grant's is worth repea7ting: Senator Phil Gramm (R., Texas): "If this is the bust, the boom was sure as hell worth it.

Occasionally stressed intraday action . .

From the flurry of articles and broadcasts not long ago dealing with ATM charges, one might assume that the matter was important. Of course, it isn't, because the ATM machines themselves aren't important.

So said David V., a client of mine who, if there ever was someone in the thick of the financial world, it is he. David, on a daily basis, trades the big stuff, for a large New York company. He's sharp, experienced, and savvy.