Gold Editorials & Commentary

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We have seen the breakout predicted in the last Gold Market update, although so far subsequent gains have been modest as gold continues to be restrained by the strong resistance level shown on the 1-year chart in the $655 - $680 zone.

Safety Deposit Boxes and Depositories in the UK, EU and most importantly Switzerland

Introduction

Below is an extract from a commentary originally posted at www.speculative-investor.com on 8th February 2007.

It has been interesting to read all of the views of the Precious Metals that have been offered up over the last weeks and months. I have read just about everything imaginable about Gold and Silver.

Both gold and silver seem poised for dramatic upside price explosions if the latest Elliott Wave count set out below is correct.

The title of this article was designed to get you to click on it and open it, and now that you’re here, you should stick around because you are probably going to find this interesting.

Ah! That's the magic word now, isn't it? Everyone would love to be rich! Of course the term has taken on a totally different meaning than it had when I was a kid.

There has been more talk in recent weeks on the subject of gold price manipulation.

There is a manpower crisis in the form of a skilled worker shortage that is having an adverse impact on the mining industry.

The rally since July 2006 has been nothing short of spectacular. A lot of money can be made on rallies, and it behooves us to be able to identify them, especially the large ones, as early as possible.

The concerns of this writer have escalated significantly as a result of a recent unexpected development.

This week, during his testimony before the hostile Senate Banking Committee, Treasury Secretary Henry Paulson sought to justify the Bush administration's China policy.

The USDollar is offered futile support in the grand scheme by large government related entities possessing titanic vested interests, even as the world reserve currency benefits from the lack of organization of world currency alternatives.

"The majority is usually wrong," Is a common phrase I use. Historically speaking, when I say the majority is usually wrong, I will admit that it is rather an opinion.

Before we start, some definitions regarding the money supply are in order. M1, Money Supply, consists of cash plus checking accounts and travelers checks. M2 consists of M1 plus retail money market funds, savings and small time deposits.

Gold is looking technically stronger than it has done for the past 16 months. It would have escaped the notice of many that it broke out last week from a little-known technical pattern known as 3-arc Fan Correction.

When I last commented on the bond market (December 5th's What's really going on with bonds), bond prices were inexplicably rallying, sending yields on ten year Treasury bonds to 4.4%.

Take the energy story away, and the copper story away, and one might suspect we have witnessed a sleepy precious metals market this autumn and winter. Gold did lose its momentum seen from the autumn high just over $650.

I try not to sell bags of US silver coins, because they are damned difficult to store. They're heavy, and weigh 56 pounds. One could store maybe 70 hundred ounce bars in the same space 2 bags take in a safe.

Subtle but important changes in recent days have substantially increased the chances of upside breakouts by gold and silver.

Theories of periodicity (cycles) in the stock market are as intriguing as they are controversial.

As Wall Street continues to put their faith in the "goldilocks" hypothesis, it may come as a surprise to those familiar with my more negative view that I too fully expect this scenario to unfold.

As an investor, what matters to you more than anything, what is of paramount importance, is determining whether what you have invested in, or are thinking of investing in, is going to go up, down or sideways.

Words of caution: public readers of my commentaries should exercise their own judgment as to whether to buy or sell anything. Never trade based on other people's analysis.

Words from older European sage economists are as welcome to the mainstream financial circles as welcome as leisure suits and hot pants are to the fashion set, as eight track tape sets are to the home music systems, as old Model T Fords are to the classic car vo