Gold Editorials & Commentary

Gold-Eagle gold and precious metal news, market analysis and editorials from world renowned gold analysts and market experts.  Stay informed with the latest news and analyses on gold prices and perspectives on the economy to guide your investing decisions. 

 

August 2, 2002

Among the obscure financial reports that have more pages than readers is one from the Bank for International Settlements. The staff economists had toted up the figures and found a massive black hole in the universe of money movements.

During my nine years dealing with speculative stocks and cycles, I have noticed that during such times you develop somewhat of a procedure that separates the "wheat from the chaff".

Politicians intent on re-election have stirred up a media frenzy over "corporate governance," exploiting the bankruptcies of a handful of companies like Enron and Worldcom.

August 1, 2002

I am producing this issue early as having poured over all my gold data for the past 48 hours I have reached the conclusion that the gold price is on the verge

July 31, 2002

So what if the Dow goes up by 15% over the next three to four months. That's no consolation to anyone that watched it drop 30% in the past four months.

July 30, 2002

"Despite its severity, we believe that the slump in stock prices will prove an intermediate movement and not the precursor of a business depression such as would entail prolonged further liquidation..."

Bearish Charts - All Below Their 200-day Moving Average!

July 29, 2002

One of the enduring myths about government is the notion that successful governments are those entities that "provide prosperity" for those who are governed.

Gold futures fell out of the proverbial bed on Friday (July 26), falling to a 4-month low just above the psychological $300 mark.

This could be America's next nightmare, and possibly even worse than the stock market going down the tubes. Think about what has been the second biggest balloon of late.

The Evolution of Paper Currency
July 25, 2002

It's always darkest before the bottom falls out - JP McGoran

With the recent meltdown in stock prices, some economists have said that there is no need to be concerned because the stock market does not reflect what is happening to the economy.

Gold rallied over $320 an ounce, ending a month long correction as the euro rose above parity against the dollar. We believe the second leg will begin shortly and will see $375 per ounce before the yearend.

Most global gold indexes, as well as the bullion price, peaked in late May. At that point of time the Dow was trading at 9900 and has since fallen 23% in just eight weeks.

July 23, 2002

Argentina's recent bankruptcy and the spreading financial turmoil in its neighboring countries are just the latest chapters in Latin America's long history of foreign debt and default.

THE ECONOMY & MARKETS



Peering Into a Bottomless Pit

July 22, 2002

HITS FOUR-YEAR LOW... The Dow tumbled 400 points today and, more importantly, finally broke last September's low. The Dow is the last of the major averages to fall below the lows of last fall.

The stock markets are starting to resemble a dying man fighting off the vultures. The lies that fed the economic illusions of the last decade are being revealed plainly now.

Monday, July 15th, will go down in the history of stock market trades as the pinnacle of manipulation. July 15th will be used as the classic case of the PPT in operation.

The Long-Term Outlook - Yearly Time Frame... Technical Analysis (TA) is the study of price trends and volume over various time frames.

I dedicate this Lecture to the memory of Ludwig von Mises, monetary scientist and teacher, who exposed the motives for Gold Wars as follows:

July 18, 2002

The current market in Australian precious metals stocks is lethargic and showing no imminent signs of improvement (the whole market in fact).

July 17, 2002

People have always been fascinated by gold. It is thought that the first example of the metal being used as coinage was around 630 BC. It was certainly minted by Darius, King of the Persians in 500 BC.

"Of all men's miseries the bitterest is this: to know so much and to have control over nothing." -- Herodotus

July 16, 2002
Gold Money Is the Root of All Good; Paper Money Is the Root of All Evil
July 15, 2002

On July 5th, the Dow Jones Industrial average soared more than 300 points on light volume. Weekend television commentary immediately seized the opportunity to encourage investors that the worst was likely to be over.

We hear stories from our government and establishment in general that everything is OK in the economy. But does anyone really believe government numbers anymore?

Lending versus Clearing
July 13, 2002

There is no greater genius than the man who bounces our own ideas right back at us.



That was our first thought upon reading a subscriber's letter to Richard Russell, on his website.

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