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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.

 

July 12, 2007

Collateralized Debt Obligations are the CDO bonds under fire, soon to suffer huge losses, subject of debt downgrades, object of failed auctions. We are talking about hundreds of billion$ in bond losses.

July 11, 2007

Elliott Wave Gold Update XV

July 9, 2007

As the Japanese government continues holding short-term interest rates near zero while printing yen like it is going out of style, getting out of the yen has now replaced pachinko as the national pastime for rank and file Japanese.

July 7, 2007

One chart only this week. The one which matters…





Summary

July 5, 2007

June 30, 2007

"Everyone loves an early inflation. The effects at the beginning of inflation are all good.

June 29, 2007

When the contagion (denied no longer) is systemic, pervasive, broad, multi-faceted, and ominous in its lethal potential, perhaps one can calmly conclude that the system is merely adjusting to a total change in the seas. NO WAY!!!

June 28, 2007

The meltdown in the subprime mortgage market is inexorably spreading throughout the U.S. economy. The first shoe dropped in February, when scores of mortgage originators went bust amid rising defaults and tightening lending standards.

June 26, 2007

Every ten years or so, we hear the ardent cry of "this time it's different" and/or "we have now entered another new paradigm that will lead to UP, UP and away." In the late 60's, it was The Nifty 50's.



$HUI - is on buy signal.

We have recently maintained a neutral/bearish stance on gold, which was not unreasonable given the way the earlier advance had petered out and been followed by weakness resulting in the failure of a long-term uptrend line that signaled a change of intermediate

June 22, 2007

"...What people don't fully appreciate is the extent to which our financial system has geared up over the last twenty years to finance the worldwide residential housing boom..."

Now that yields on ten-year Treasuries have cracked through 5%, on their way to infinity and beyond, many on Wall Street are wondering how high rates must go before bonds begin to draw investors away from stocks.

June 21, 2007

The cancer that is mortgage bonds does not linger in isolation. Everything in the bond world is connected to almost everything in the bond world, at least within the US sphere of speculative madness.

Tuesday afternoon, after hours, the phone rang, and an 82 year old man said that someone had told him to call me. He is very wealthy, and has gobs of money in CD/s and actual cash on hand. At least he says so, and he does talk like it.

June 20, 2007

The rising trendline on the weekly $XAU chart below (courtesy Bigcharts.com) has ten points of contact. It is therefore highly significant

June 18, 2007

A Fire Alarm went off in the markets last week.

June 16, 2007

Like many before him, Sir Isaac Newton was fascinated by Gold. Indeed, since time immemorial most of humanity seems to have been attracted by its glitter. Newton's reason, however, was different.

June 15, 2007

At a commercial real estate conference earlier this week, Alan Greenspan downplayed concerns that the Chinese might sell their significant holdings of U.S. Treasuries.

June 14, 2007

In late March, an article pointed out the massive powerful cross currents in the USTreasury bond world. We are seeing the forces described finally at work. The aftermath has generated more questions than answers.

As a kid, I always loved to play Monopoly. It's great game for kids to learn, as it teaches basic economics very nicely. I used to play a lot with my cousin Keith, and we used a term when we had to mortgage properties to pay off our opponent.

June 13, 2007

In part 1 of this article I presented a simple transformation for daily closing data that produces a series suitable for the estimation of day to day correlation of two different markets, instruments.

June 10, 2007

June 8, 2007

The chart below - courtesy Decisionpoint.com - says it all:

By tripling the tax on brokerage transactions, the Chinese government succeeded, at least temporarily, in restraining the surging Chinese stock market. But my expectation is that the correction will be short-lived.

June 7, 2007

An old expression is often used. Most people remain unaware of its origin. "Joe is three sheets to the wind!" means Joe is stinking drunk, smashed, plastered, intoxicated, inebriated, and who know? he might soon go meet Ralph out back (i.e. vomit).

"Well, look how low it's gone. I'm scared it will go down further." Or, "Jeez, it's just sitting there, isn't it?" For crying out loud, don't be ridiculous! Exactly one year ago…one year back, to the day I am writing this, gold was $607, and silver $11.36.

June 6, 2007

One of the reasons that big money managers, and the world's wealthiest people, don't understand gold, and silver, is that human beings, even very, very smart people, just do not understand very large numbers, nor relative size.

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