Gold Editorials & Commentary

It is my hypothesis that the price of gold has been manipulated since August 5, 1993.

The action in the stock market yesterday was very interesting. Before the market opened, unemployment numbers caught Wall Street off guard because they were much higher than expected. Actually the consensus was for a slight gain in employment.

In our study of chart patterns, we have discovered a variation of a classical chart formation that contains tremendous significance from both a time cycle point of view as well as a supply/demand perspective.

Portland is the last bastion of semi civil America urban life.

'Fading the masses' . . . was an expression one regular reader used to describe the stance we took back in March, emphasizing our belief then, that the next meaningful run in the stock market would be to the upside not the downside.

Gold mining share prices continued to charge ahead last week. The Philadelphia Gold/Silver Stock Index (XAU) at 55.76 last Friday rose 7.1% from the prior Friday. It was up 20.7 % since early this month and up 33.2 % since the November 2000 low.

In 1492 the Americas boasted highly advanced indian civilizations of the Aztecs, Incas and Mayas. They were builders, farmers and even had their own calendar. Then along came a man called Christopher Columbus.

Stocks Remain Hugely Overvalued!

It seems American consumers have come back to their senses in regards to the economic situation. After an unexplained, perhaps spring fever?, jump in March, consumer confidence promptly went back exactly to where it was the month before.

GOLD and ELLIOTT WAVE UPDATED

Virtually nothing has changed analytically from my last update for Gold Eagle in August 2000 ( https://www.gold-eagle.com/editorials_00/drake080100.html ) except that I can now reconfirm the outcome of that ana

Never short a dull market . .

The 50 basis point cut by the FOMC last Wednesday morning in its target for the federal funds rate took short-term nominal U. S. interest rates below German rates for the first time since 1994. Because the U. S.

KEEP YOUR EYE ON THE DOLLAR'S VALUE

FOR MORE CLUES ON INFLATION

We all wonder what would happen if certain things take place, just as we wonder what our life would be like if we had done so and so, married that gal we still think about occasionally, or had bought IBM 50 years ago.

The precious metals sector looks to shine in the months ahead. There are many positive things from a chart/cycle perspective that support a bullish gold outlook.

Minutes of the Federal Reserve's Open Market Committee meeting of January 31, 1995, reveal that the U.S.

A brand new day is coming.

It's only fair since the term is tossed around so much I tell you what I think it is. My explanation may not be the one you expect, but then I'm eccentric and proud of it. The idea of the New World Order goes back, way back into the mists of history.

In an effort to present my thoughts on where we might be in the markets and the economy right now, please allow me to recount an experience I had as a wee lad.

This past December in "The Smoking Gun" I provided substantive proof that the Exchange Stabilization Fund was intervening in the gold market.

Couldn't have scripted it better. . .

Gold producers around the world have been invited to the GATA African Gold Summit in Durban, South Africa, on May 10.

All readers of GOLD-EAGLE know, I hope, that inflation is caused by increasing the supply of "money," regardless of what form it may take.

I guess the American consumers simply refuse to let go. In my last essay I reversed what I was trying to say about consumer confidence. Hey I'm free. And thanks for the surly emails accusing me of being too cynical. Now where would anyone get that idea?

Gold closed the week ending April 6th at $260.00. The bears have been out in force, as evidenced by the steep 1.8 million ounce increase in net short position on Comex. On March 30th gold tested its 20-year lows by dropping below $255 intraday.

My father's father made leather goods; especially saddles, bridles, and other necessities for horses. I still have a few of his leather-working tools in the basement, and when I need to make a new hole in a belt, Grandfather's tools still work fine.

The bullish alternative . . . was outlined last in last Thursday's nightly report, as the (ironic to some) probability of having Friday's market take a drubbing after the huge run-up the prior day.

How do you analyze a manipulated gold market is the question Bill Murphy and many more of us on the long side of the market have been asking for some time now.