Gold Editorials & Commentary

Orders for Computers, Communications Equipment, and Semiconductors

It does not occur anywhere near frequently enough, but when it does, the objective seeker of truth is potentially richly rewarded. It banishes boredom, it chases conformity, and it stimulates serious reflection.

I am fascinated by our fixation on the story of the ill-fated Titanic.

As a newbie gold bug, I have been reading the articles and essays by the contributors to Gold-Eagle. I have had some questions rise in my mind and would like to run them by the analysts.

The NASDAQ market index fared just as poorly, falling nearly 27 points to close at 1778. Our volume and momentum indicators also continued to fall, providing further confirmation for our ongoing bearish scenario.

It has been remarked that the elevator business has its ups and downs, and the same could be said (if you were totally devoid of any self-respect) of the airline business.

Gold is not used as money today, and there seems to be no very strong movement to return it to that status. Ditto for silver. That isn't surprising.

We commented last week on the renewed turmoil in Asian markets, and that turmoil shows no sign of abating anytime soon.

Silver bulls everywhere should take a moment and nod an appreciation of thanks for a great favor rendered towards Warren Buffett, the fabled investment genius, for his recent foray into the silver market.

If your town obtained its water from a single well, and that well was in your back yard, you would be an important person in that town, whether you wanted to or not.

"Here Come the Precious Metals!" We are increasingly confident that the silvers made an important Bottom last July and golds last December.

One of the chief hallmarks of stock market bubbles (as we are presently experiencing) is the prolific rate at which publicly traded companies attempt to enhance their bottom line through mergers and acquisitions.

As the threat of a global computer meltdown in the new millennium bears down on us, one should expect to see growing signs of nervousness in corporate board rooms and on Wall Street.

"Indonesia's financial markets plummeted for a second straight day, contributing to sharp declines in stocks around Asia, as unrest escalated in at least four Indonesian cities following fuel-price increases mandated by the International

Bank mergers seem to be the wave of the future. With the merger of Citibank and Travelers, we have a bank extending from coast to coast for the first time. Other mergers are on the way.

Based upon historical superior market performance of South African gold stocks over North-American and Australian precious metals mining shares, it is reasonable to assume that again the South African gold mines will perform even better

Am Silbermarkt tobt zur Zeit ein heftiger Kampf, zwischen Bullen und Bären. Beide Seiten werfen sich eine Manipulation der Silberpreise vor und es werden bereits Gerichte bemüht.

We have written before about the remarkable ability of banks to create money when making loans, and of their equally remarkable ability to multiply these newly created-from-nothing bank deposits via fractional reserve banking.

An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions.

U.S.

Every week we receive email from many parts of the world requesting information about HOW TO EVALUATE A GOLD STOCK. Addressing this growing need we present a general procedure analysis that the average investor can perform by himself.

I have greatly enjoyed hearing from readers, especially the combative ones who have argued, in effect, that this bull market will continue forever. Herewith, a response to some of your comments and queries.

Perception, whether based on reality or myth is a powerful force. When it is based on actuality, this is a reasonable thought process.

No matter how much cats fight, there always seems to be plenty of kittens.

Abraham Lincoln

In a recent posting to a Gold Chat Group, someone asserted:

May 15, 1998

ANNUAL STOCK HOLDERS' MEETING

MARRICK GOLD

Toronto, Ontario - CANADA

Peter Bunk, Presiding

Gentlemen:

INTRODUCTION