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Gold Editorials & Commentary

Gold-Eagle gold and precious metal news, market analysis and editorials from world renowned gold analysts and market experts.  Stay informed with the latest news and analyses on gold prices and perspectives on the economy to guide your investing decisions.

 

May 15, 2002

The price of gold closed at $ 311 an ounce last Friday, approximately unchanged from our last Update. It has climbed 8 % from its March low of $290 an ounce, partly reflecting dollar foreign exchange weakness and a fall in the stock market (The S. & P.

May 14, 2002

Growing Trade Tension & A Still Overvalued Dollar

May 13, 2002

Now don't get me wrong! Gold is gold is gold is gold, and it matters not from where it came. All gold is a superb inflation hedge, beautiful, desirable, fungible, universally recognized for value, etc.

May 10, 2002

Warning bears would get burned . . .

May 9, 2002

It is apparent that Wall Street is walking through the valley of the shadow of death, as the well meaning public is increasingly becoming aware of the conflicts of interest related to its research enterprise.

May 8, 2002

If the economy is in such a slump, why are so many people buying cars?

After the latest round of quarterly earnings reports, Harmony (HGMCY) has extended its lead as the clear favorite based on a combination of stellar earnings, rapidly growing production and massive reserve/resource figures.

May 7, 2002

Several bubbles remain in the U.S. economy. Housing is one of them. Recent growth rates in this sector are unsustainable if for no other reason than housing is a durable item that is built once in a lifetime.

First let me make the following disclaimers. Everyone must do his or her own due diligence. Nothing in this essay should be considered investment advice. I am long gold and silver in the mining shares, options on futures, as well as physical.

May 6, 2002

In the field of economics, there are many facets. It isn't just all buying gold and silver.

May 4, 2002

It is absolutely fascinating to observe what is currently occurring in the in the world gold markets, as suddenly there seems to be a notable gold shortage. I estimate the shortage to be somewhere in the neighborhood of a 300 plus tonne annual deficit range.

May 3, 2002

Contractions and revival . .

May 1, 2002

The price of gold continued its upward path during the last two weeks and made a new two year high at $ 311.60 an ounce on Friday, up 12 % since the end of last year.

April 30, 2002

Gold's technical picture continues to strengthen. A friend of mine noted a very bullish put-call ratio. And at the end of Friday, spot gold closed in New York at $311.70, while the 50-day moving average was $297.37 and the 200-day moving average was $283.49.

April 29, 2002

Often the first rally after a significant drop off from a major top is a sucker rally, a bull trap. This is the way this so-called economic recovery feels after the post 9/11 economic freefall.

Technically, we can now say that the Amex Gold Bugs Index has entered into a new primary bull market.

"Gee, that's pretty cheap. I just love shopping at Wal Mart. They have everything." That phrase has been repeated thousands of times, every day, all over the world, but especially in America.

April 26, 2002

April 24, 2002

It seemed at that time as if the whole nation had turned stockjobbers. Exchange Alley was every day blocked up by crowds, and Cornhill was impassable for the number of carriages. Everybody came to purchase stock.

April 23, 2002

Call it Middle East tension. Call it economic uncertainty. Call it a flight to quality. Or, call it, " It's about time!" Absent inflation, gold has managed to pop from a February 2001 low of about $255 to a current April futures above $300.

April 22, 2002

Gold prices are having a hard time clearing recent highs between $304-$308 and have largely moved sideways in a trading range as we predicted in our last gold market forecast.

The major equity indexes in America still remain historically overvalued, and thus should be avoided. At the end of last week, according to Decision Point.com, the S&P 500 GAAP earnings yield was 2.26% compared to the 10-yr. U.S.

April 21, 2002

The strength of the U.S. economy in recent years can be credited in large part to the tremendous strength of the U.S. Dollar index relative to other major currencies.

April 20, 2002

Admittedly, it was the Colorado Supreme Court, but it was a 6-0 decision, and legal wags say it will have enormous national significance. To elaborate: It seems as though the federal drug goons raided a place that made amphetamines.

April 19, 2002

Greenspeak didn't help follow-through . . . primarily because we apparently were not alone in anticipating that the Fed Chairman would speak in terms of 'uncertainty', as regards strength of the economic recovery overall.

April 18, 2002

The U.S. mutual fund industry is a ticking time-bomb waiting to explode, and a substantial amount of damage to fund shareholders in coming years will be in the form of taxes.

April 17, 2002

Econ 101 courses around the world teach that central bankers cannot fine-tune their economies with monetary policy. The tools of monetary policy are generally considered blunt instruments, incapable of the necessary precision.

April 16, 2002

I first began investing in Durban Roodeport Deep (Drooy) in June of 2001. I did this mainly due to the essays of Adam Hamilton a.k.a. Zelotes). Mr.

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