Gold Editorials & Commentary

When I sit down and think about what a dollar really is; I am amazed at how simple the answer is. In simple terms a dollar is a "Promise To Pay." When examined from this point of view one begins to understand to true meaning of deficits.

Gold and gold shares have spent the year to date in a corrective mode. The intense investment ardor of 2003 has been succeeded by disinterest and skepticism.

Whether or not the ostrich (the investing public) has its head in the sand, the insanity above ground level still exists. Should we be taking responsibility for the position of the ostrich's head? Probably not.

Below is a copy of a letter we have just sent to the Harmony Board stating our objections to the proposed takeover of Goldfields. As you know, Harmony's authorized share capital is only 350,000,000, and there are already 320,819,739 outstanding.

Mr Joseph Granville is generally acknowledged to be the father of the concept of On-Balance-Volume. He is one of three giants in the field of Technical Analysis of share price movements who made their mark in the 1960s.

This article was written for the benefit of those who have only recently become interested in gold, but will also be of interest to long time investors in gold.

I just read an article written by Cliff Droke, who appears to be expecting an end to the "micro mini" recession because M3 is growing.

Below is a table showing the movement of M3 relative to GDP from 1982 to 2003:

"...History reveals a financial system based on paper money depends almost entirely on the confidence of the public in the currency that is issued by the monetary authorities, and that once confidence in a currency is badly shaken, painful consequences are

"...History reveals a financial system based on paper money depends almost entirely on the confidence of the public in the currency that is issued by the monetary authorities, and that once confidence in a currency is badly shaken, painful consequences are

John Mauldin just emailed a brilliant article entitled "Quarterly Review and Outlook, Third Quarter 2004", By Van R. Hoisington and Lacy H. Hunt, Ph.D.

Over the years, various analyses based on Chart Symmetry have been published here and elsewhere on the internet.

Let's talk about a "weak or "strong" dollar, and perhaps get a bit of understanding as to what the term means, and the effects it has on all of us.

When it comes to the gold market, forget what you have learned from most of the trading books out there when it comes to interpreting the open interest data in light of price action.

Summary and Conclusions

Though I have been preaching for over three years that the U.S. dollar will slide due to excessive budget overruns and trade deficits, two main stream banks are predicting very rapid declines for the dollar over the next 12-24 months.

The Zero Bound Dilemma

An Unwelcome Fall in Inflation

The Problem of the What Ifs

Similar to democracy, monetary freedom via central banking is a concept that only works with responsible participants. Without appropriate responsibility, we get anarchy.

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Constituent companies of the Dow Jones Transportation Index are in the business of:

It wasn’t many weeks ago that it looked like the world oil price would be hitting $60 bbl.

I have long been a strong critic of the US government’s reporting of price inflation.

Thank you all for the great response to the first issue. Many questions have been asked by readers and numerous stocks have been proposed for analysis.

Our current view on how gold and silver will perform relative to each other over the next several years won't come as a surprise to long-time TSI readers because this view, as well as the reasons behind it, was first outlined about three years ago and has since

This newsletter has been produced as a result of numerous enquiries from my analyses published on various websites. It will be a short sharp technical analysis of several penny stocks specifically related to the gold and silver precious metals sectors.

Since the last serious outbreak of inflation in the 70s, central banks have conquered this pestilence and have practiced a responsible stewardship over national monetary systems ever since.