As with all matters of investment, everything is clear in hindsight. Had you bought gold mutual funds earlier this year, they might have appreciated more than 100 percent. Gold has risen $60 since March 2001 to the latest spot price of $326.
Gold Editorials & Commentary
Gold-Eagle gold and precious metal news, market analysis and editorials from world renowned gold analysts and market experts. Stay informed with the latest news and analyses on gold prices and perspectives on the economy to guide your investing decisions.
June 13, 2002
There was lots of second-guessing going on this past week as gold shares dove faster than Al Gore's latest popularity polls. The volatility is likely to continue. But the bears' vindication isn't.
This is a story that bears repeating. J. P. Morgan Chase & Co. (JPM-NYSE) is one of the biggest banks in the world with assets of approaching US$ 700 billion, capital of about US$ 41 billion and a market cap of US$ 71 billion.
June 12, 2002
Many market watchers, ourselves included, have been anticipating a correction or consolidation for gold and especially for gold shares. The $330 level has been touted as a major technical barrier on the upside, and so far has lived up to its billing.
June 11, 2002
We start where we always start and that is by asking the following general question. Do you get better value by being an owner of corporate America or a lender to Corporate America?
June 10, 2002
In a recent news article on the Miningweb newswire, dateline Johannesburg, it was reported that "South African gold stocks were massacred today as free-falling bullion knocked almost 8 percent off the Johannesburg Stock Exchange's gold index.
Gold is looking better all the time. A perfunctory look at the accompanying charts prove the, shall we say, omniscience of the call.
June 8, 2002
A closer look at the US gold market reveals very interesting aspects about the supply source of gold. Net gold consumption (= consumption - primary and secondary production) indicates the gold demand minus the supply from gold production.
June 7, 2002
Staggered rallying behavior . .
June 6, 2002
“If I buy a gold stock, it’s because I expect the gold price to go up.
June 5, 2002
This essay is non-specific to any Precious Metals mining sector. The reaction of a marginal mine to rising (or falling) commodity prices of their sector applies to Gold, Silver, Platinum, etc.
Who didn't see that sell off in the Dow Monday? Looks like we need a fresh scapegoat.
June 4, 2002
Central banks are said to have lent their gold for about 1% per annum - the cheapest borrowed money on earth. They have not reported these loans as sales meaning their official gold reserves remain constant. But the leased gold is gone.
Over the past two weeks, two major U.S. institutions told their clients to sell gold and gold shares because the said they believed the move in gold was all but over.
June 3, 2002
"I considered the horns, and, behold, there came up among them another little horn, before whom there were three of the first horns plucked up by the roots… Then I would know the truth of the fourth beast…and of the ten horns that were
Since September 11th, I have suggested that the investment emphasis was poised for change. This was not based upon the terrorist attack alone, however the new war does serve to accelerate and expand the mood swing.
June 1, 2002
Everyone has faith in something. Absolutely everyone. Most of us have faith in our parents, if they still live, as they were our guiding lights when we were growing to adulthood.
May 30, 2002
Good evening;
Gold and gold mining shares have regained their position as an important and accepted asset class and superior safe-haven investment in times of uncertainty and trouble.
With the passing of Memorial Day the stock markets have unofficially entered the summer doldrums, or a period of time leading into September when traders take vacations, investors spend some time buying suntan lotion rather than stocks, and interest/volume disa
India has the highest demand for gold in the world and more than 90% of this gold is acquired in the form of jewellery.
May 28, 2002
Drowning in U.S. Dollars
Gold is getting hot and the environment is ripe for a sustained rise. Gold hit another over two year high for the fourth time since February and the bull market is gaining steam. Gold shares soared even more. As a group they're up 60% this year.
May 27, 2002
Right here in our late May turning point time frame, the U.S. Dollar is accelerating down to new lows, gold is blowing out to new highs (along with gold stocks), and the stock market is slumping.
India is the largest consumer of gold in recent times.
May 25, 2002
I received a complimentary copy of The Rosen Numismatic Advisory the other day. Along with the advisory, was a nice letter from its owner and founder, Maurice Rosen. I thank you Mr. Rosen.
May 24, 2002
Two years ago we reported in a GOLD-EAGLE essay that the "War and Peace" cycle was forecasting war sometime in the 2002-2004 timeframe.
Rumors of Bin Laden's capture . . . were denied later on, but generally were what was attributed as igniting Wed.'s late rebound behavior.