There has been a disconnect in logic which has been seriously bothering me in recent weeks.
Gold Editorials & Commentary
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October 26, 2007
Four leading members of the Bush administration's economic team, including Ed Lazear, Chairman of the Council of Economic Advisors, Commerce Secretary Carlos Gutierrez, Al Hubbard, director of the National Economic Council, and Jim Nussle, director of the Offic
October 24, 2007
When the S&P500 index broke to new highs at the end of May and again in recent weeks there was a great media fanfare.
In late summer, my perceived strong signal for the September rate cut proved accurate. It was the dire condition of the Wall Street broker dealer stock index, the XBD.
October 23, 2007
What is a Black Swan? Before the discovery of Australia, empirical evidence told us that all swans were white and that belief lasted for 100s of years until a Black Swan was spotted in the wilds of Australia.
October 21, 2007
Gold’s situation now bears a striking resemblance to the period from September through November 2005, which was followed by an almost uninterrupted advance that resulted in near 60% gains.
October 20, 2007
GLD - remains on buy signal from 9/04.
October 19, 2007
The sad truth is that despite the best efforts of monetary economists everywhere, fundamental misconceptions about inflation remain entrenched in government, business, and the media.
October 17, 2007
Interesting how difficult it is for some people to utter the words "I don't know" - as if it's somehow a slight on their abilities.
October 16, 2007
Surfers know they can catch many rides on the smaller waves that break along the shore.
October 13, 2007
GLD - remains on buy signal from 9/04.
October 12, 2007
The vast majority of economists are currently hailing the freefall of the dollar as a windfall for American business.
October 11, 2007
In this analyst's view, if the Gold Share Indices break up relative to Commodities Index on the following two charts - which have been "dumbed down" to 7.5% X 3 box reversal to cut out all trading noise - then that will be a leading indicator pointing to the "R
October 10, 2007
Numerous favorable signals point to a resumption of the commodity bull. It had been stalled for almost a year. The US Federal Reserve interest rate cut on September 18 clearly marked a turning point, a watershed event, a sea change.
October 7, 2007
We have been bullish on the broad stockmarket on the site, but short to medium-term bearish on gold and silver in the recent past and by extension gold and silver stocks, due principally to the distribution patterns that have formed in the metals and their incr
October 6, 2007
October 5, 2007
There is an anomaly in the equity markets which seems not to be drawing enough attention.
This anomaly can be seen by comparing the following two monthly charts (courtesy Decisionpoint.com).
As a contrarian, it is my nature to worry when too many people start agreeing with me. Currently, many of my most vocal critics, who had previously ridiculed my warnings about the dollar, now concede that it will continue to decline.
October 3, 2007
BARRICK EXECS CONTINUE TO EXERCISE OPTIONS AND SELL SHARES
Faith and confidence in the USDollar, in management of the US banking system, in the viability of the USEconomic structure, in the image of Wall Street honesty, and in the integrity of USGovt federal finances are all at historic lows.
October 2, 2007
This article was originally posted on Sunday September 30th for the benefit of subscribers.
October 1, 2007
Finally, the $100 Upward Catapult arrived.
TWO MONTH'S AGO:
September 30, 2007
We now have an extraordinarily bullish setup for the broad stock market, which as we will soon see is considerably amplified by the latest Commitment of Traders data, that is unprecedented in the writer's experience, and startling.
September 29, 2007
September 28, 2007
Currently, Wall Street is divided into two camps: those who feel the Fed should fight recession, and those who feel it should fight inflation.
On Thursday, September 20, 2007, the lease rate of silver suddenly dipped into negative territory. It fell to minus 0.1 percent per annum.
September 26, 2007
In September of 2007, after 27 years the Barron's Gold Mining Index (BGMI) hit a new all time high of 1326.09 surpassing its October 1980's all time high of 1285.16.
Putting the cart before the horse
The face of all the world has changed, since first I heard the footsteps of your official rate cut. Sorry, borrowed a front line from a Robert Browning love poem, who wrote about 'footsteps of your soul' to Elizabeth Barrett.
September 24, 2007
Zimbabwe is a country where hyperinflation is a reality as opposed to a theoretical possibility. The photograph below shows what it looks like to pay for lunch for eight people in that country. It was sent to me in an email dated September 18th, 2007.