Gold Editorials & Commentary

Lawrence Parks

Aggregate "blue chip" stock prices remain significantly above the long term average. The current trailing PE for the S&P500 is 35 times earnings.

Seesaw behavior . . . characterized Wednesday's alternating action, with the S&P low exactly that we looked for on the morning 900.933.GENE hotline call.

After experiencing a long losing streak throughout the last part of May and most of June the broad U.S. stock market staged an impressive rally on June 16 in a much-needed show of strength.

Sage Crystl: Sage is proud to introduce Mr. David Tice, Portfolio Manager for the Prudent Bear Fund. Thanks for joining us today David.

Megalomania or common sense? Those are factors to consider when evaluating Thursday's testimony by Chairman Greenspan; especially the part that focused on the ability of modern day monetary authorities to intervene in ways that presumably didn

GENERAL COMMENTS: Monday's modest 70-point rally in the Dow was enough to tweak a bear's ugliest suspicions about the stock market's underlying health.

The broad U.S. stock market, while breaking its recent downtrend this week, continues to show evidence of topping. Our reading of the tape shows that distribution has been underway at least since April and that a much larger correction looms ahead.

A recent analysis on the status of Wall Street concluded on the basis of volume behaviour that there is a good probability that the Dow Jones has already peaked.

An Orchestration by the

Four Horsemen of the Gold Apocalypse…

G7 Gold Sales

Which Rx for this market tumble did you prefer? Was it the multi-month delayed downgrade of the PC outlook from a major firm on the Street (after we had warned the sector was topping in the first part of this year); t

GENERAL COMMENTS: Although Black Box Forecasts has perhaps been too eager in the past to sound taps for this 17-year bull market, the newsletter has scored nothing but bullseyes in predicting what the Fed would do next. Are they going to raise rates?

Executive Summary

Chart Symmetry is designed around the observation that prices tend to change direction along certain preferred gradients. New readers are advised to read the first article in this series to discover how Chart Symmetry works.

With Alice Rivlin unchained. . . from the Federal Reserve Board, one more "dove" has flown the coup of those inclined to believe the "this time is different" scenario regarding business cycles.

"We're dying from a thousand knives" beefed an Internet trader after this past week's Net stock bash that buried investors for losses in stocks like amazon.com, already down 50% from its all-time high, yahoo.com, down 36%, and AOL, down a similar percentage.

Broad market at crossroads; do or die for Internets

The story of money is, to some extent, a story of man's quest for ease and convenience. Direct bartering of one good for another, more highly prized, was so inconvenient that it was doomed to failure from its onset.

Much has been written over perhaps as much as the past 5-6 years about the unreasonable and unsustainable levels reached by stock prices on Wall Street.

A little-known gold miner in South Africa boosts the potential of being one of the most profitable gold mining companies in the world. Correspondingly, it may well become one of the world's most lucrative investments, once the gold bull begins.

Out of fuel and enthusiasm. . . per forecast; the market has been under pressure for some days now overall.

The drawn-out basing pattern throughout the speculative gold stock sector continues with some gold stocks experiencing incipient bull markets—a foreshadow of what is to come over the entire sector.

Chart Symmetry is designed around the observation that prices tend to change direction along certain preferred gradients. New readers are advised to read the first article in this series to discover how Chart Symmetry works.

[Note: The following is the second installment of a four-part series based on the John Kenneth Galbraith classic, The Great Crash 1929, and the parallel events of today's stock market.]

While it was a difficult week to make money as a bear, it was one of the more encouraging weeks in some time as fundamental developments strongly shifted in our direction. For the week, the Dow lost 84 points, or less than 1%.

Depressing Disparity

Strength in T-Bonds. . . followed only a minor hiccup in the wake of our forecast move this week by the Federal Reserve Board's Open Market Committee.

I made an uncharacteristically bullish prediction here six weeks ago when I wrote that the Dow Industrials would tack on 2,000 points by mid-summer if Asia's economies began to lift from their long dirge.

Final Part

Final Observations To Gold In A Deflationary Economy:

Onward And Upward