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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.

 

March 5, 2010

"In the short run, the market is a voting machine, but in the long run it is a weighing machine" - Benjamin Graham

After spending our entire lives in a dollar-dominated world, we Americans naturally view gold through a dollar-centric lens. We assume the gold charts we're seeing are universal.

March 4, 2010

"We have met the enemy and he is us." - Walt Kelly

March 2, 2010

Most competent market analysts, objective economists and honest politicians concur the current 26-year high in the Unemployment Rate at near 10% is totally unacceptable. To be sure it is today's gravest problem weighing on the country's population.

February 28, 2010

I have spent a considerable amount of time discussing how a supply-crunch is looming in the gold market.

Three weeks ago on February 5th, we saw an extremely high level of fear in the market with selling vs. buying volume at a 9:1 ratio. We note that in 2009 this extreme level of fear occurred at the bottom of each significant pullback.

Chairman Bernanke's testimony to Congress last Wednesday marks a major turning point as well as a flash signal for what lies ahead to anyone that is willing to listen.

February 27, 2010

I've exceeded the length I like the letter to be this week in the fundamentals section, so I will reserve the chart and technical analysis of the precious metals for my subscribers who will be getting a boatload of charts including monthly charts as well as the



GLD - on buy signal.

February 25, 2010

As expected the gold price was taken lower to the $1,100 level right on cue. I talked about this possibility in my latest weekly letter on the weekend.

Neither the US financial press nor the US bank leaders take the sovereign debt crisis seriously. Even the USCongress seems totally unaware of the growing global intolerance for government debt out of control.

February 23, 2010

I have been Banging the Drum in these letters about an eminent major economic and stock market crash since early 2007: A time when Barron's Round Table Gurus were predicting the continuation of the Goldilocks Economy and a DOW that would soon hit 36,000.

"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value."  Alan Greenspan                        

February 22, 2010

Last week was strong with stocks and commodities moving up sharply. As nice as it was to see a rally, I still have my doubts whether this move has legs behind it. As prices moved higher throughout the week we saw volume become thinner and thinner.

February 21, 2010

Now that we are in the thick of earnings season for miners. I am seeing some excellent profits being reported by the miners, but their share prices are still well below when gold was closer to the $700 range.

February 20, 2010



GLD - on buy signal.

February 19, 2010

Stick with me on this one. Last night I was reading a 2,300 year old economics book. Its title is Oeconomicus and it is a Socratic dialogue principally about household management and agriculture written by the Greek philosopher Xenophon.

After surging 11.9% higher in just 7 trading days, the flagship HUI gold-stock index is starting to recapture traders' attention.

February 18, 2010

This report is a mix of both current market action and educational material on how stocks and commodities trend (move).

The subprime debt issue of 2007 blossomed into a global credit crisis. Likewise, the Dubai sovereign debt issue will blossom into a global sovereign debt crisis in similar pathogenesis.

February 15, 2010

The past week has seen the convergence of a variety of factors that together point to a powerful rally in gold soon. Thus it appears that we have been too cautious in the recent past.

February 13, 2010

As the world's athletes gather in beautiful British Columbia for this Olympic Games they are all focused on but one thing, the Gold. As investors we should also be focused on the Gold at the moment.



GLD - on sell signal.

February 12, 2010

In recent months, the US dollar has been surging higher. This impressive strength is a radical change from last year's relentless grind lower. Across the globe, the majority of analysts expect this run higher to persist for a variety of reasons.

February 10, 2010

The world's three largest depositories of investments are Pension Plans, Retirement Programs (IRAs) and Insurance Companies. Recently the total investment assets of these depositories amounted to approximately $43 Trillion ($43,000,000,000,000):

February 9, 2010

This so-called recovery is problematic and now it is slowly entering a new dangerous phase. Bank losses have now been eclipsed as the major issue of sovereign debt emerges in a more sinister manner. This is only part of the problem and it will be overcome in the...

February 7, 2010

Last week was an incredible week for trading the intraday charts. With rising volume and volatility prices began to move up or down for extended periods of time allowing traders to profit from these powerful short term price swings.

Gold performed as predicted in the last update, rallying up to the top of its Descending Triangle before reversing and crashing support at the bottom of the Triangle on Thursday. Many traders were startled by the magnitude of the Thursday's $45 drop.

February 6, 2010

The information revealed this past week suggests that the US's problems are slowing and possibly about to take a turn for the better. At least that's what the establishment would have you believe.

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