Gold Editorials & Commentary

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.

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

A Fire Alarm went off in the markets last week.

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.

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.

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.

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.

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.

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.

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.

A fresh buy signal in the gold sector this week.

As a steady stream of bad U.S. economic news accumulates, one wonders when the stock market will finally take notice.

Some weeks ago, this analyst published an article which drew attention to the relationship of gold shares to the gold price.

Introduction. While doing research in the Library of the University of Chicago in the early 1980's I came across the unfinished manuscript of a book with the title: The Dollar: An Agonizing Reappraisal.

The mark of intelligence is the ability to change one's mind if facts demand it. I think I am intelligent, and what I am about to write, will outrage a lot of you, but I have given this a lot of thought, and as a result believe it to be true.

Don't ever confuse being in a Bull Market with Brains; it is easy to look smart in the midst of a Bull Market when one stupid theory after another comes out and is splashed all over the front pages as the Media leads the cheerleaders, such as the professor who

Dr Doolittle20 years ago the shiny yellow took off into the wild blue yonder.....see Chart of Jan-Dec 1987.

One of the great fears plaguing resource stock investors is what will happen if the broad market suddenly goes into the tank.

For anyone who wants to make an immediate 80% return on your investment, go to your local bank with your worthless Federal Reserve Notes and tell them that you'd like to exchange them for rolls of nickels.

As stocks markets around the world rise to record highs, even former Fed Chairman Alan Greenspan could not refrain from raising concerns about surging Chinese stocks.

The gold sector remains on a sell signal since April.

The Bretton Woods II principal propaganda plank has been buried, with no fanfare, no eulogy on a moronic indefensible myth chapter. Asia no longer supplies credit to the United States debt monster.

Ok Guys, I defy you to tell me, "What is a dollar?" You can't define it? It's sort of like trying to define a circular stairway without using your hands, I guess. Maybe a dictionary will help? Webster's New World Dictionary 3rd College Ed.

I have received the following letter from a reader of my column.

Mr. Fekete:

Oil is now very close to breaking out from the large Head-and-Shoulders bottom that we had earlier identified, and from the look of the latest oil COT chart, on which the Commercials short positions have shrunk dramatically, it is close to doing so – and if it