Gold Editorials & Commentary

Jim: And welcomes back everyone. Its time to introduce our expert of the day. Joining me on the program is David Morgan.

There is no way I can do proper justice to my trip to South Africa, but I will cover it as best I can. While it would have been better to write details down as the days went by, there was little time to do so.

After starting at $262.80 two weeks ago, gold rallied to the $268 level in reaction to the 50 basis point Fed rate cut on January 31, but has since declined to close at $259.90 on Friday.

No Saint Valentine's Day masscare . .

"Rather than representing a temporary slow-down in the growth of equity valuations, current market conditions threaten to make temporary bearish sentiments into an entrenched bearish reality."

September 20, 2000 – Peaked Peaks?

With the price of gold at $260, the gold manipulators have succeeded in pushing the price of gold to a level not seen since just before the Washington Agreement. Given its current price, gold mining has become a most unattractive business.

No doubt about it: the Fed is in heavy panic mode. Having renamed BushLeaguer as Bushocio, it's only fair that Alan the Magician gets similar treatment.

The power to tax involves the power to destroy." Chief Justice John Marshall

Gloomy guidance reignited fears . . . that are somewhat correct regarding what is a litany of concerns that may continue to weigh-heavily on the equity markets.

About two years ago a few people in America accepted the fact that there is intervention in the gold market to keep the price of gold under pressure and proceeded to form an association that intended to expose this practice.

About two years ago a few people in America accepted the fact that there is intervention in the gold market to keep the price of gold under pressure and proceeded to form an association that intended to expose this practice.

The high octane fuel pumped into the stock market in a panic attempt by the Fed to keep the U.S. economy from falling off a cliff, seemed to have already been mostly consumed by the end of this past week, judging by faltering stock prices on Friday.

Before I get to the deteriorating American economy, I feel duty bound to issue a few final comments about the child king. The man is a disgrace.

1997, 1998, and 1999 all had some dramatic times for the stock market. Each year featured days where the DJIA fell more than 500 points in a single day. And each year featured dramatic rallies after those drops. Everything changed in the year 2000.

I has often occurred to me, when encountering road construction while travelling, that the only way to appreciate what was being done would be to view the site from the air.

The recent decision on the part of the Fed to cut interest rates by 0.5% on top of a previous cut was a mistake, an assertion which will be borne out with unmistakable clarity in the months ahead.

Momentum precedes price . .

Comex net short positions soared by 50% in the week before the January 23rd Bank of England auction, the tenth in a series of 25 tonne auctions.

Sensing that our economy was about to overheat, Mr. Greenspan began to tap on the monetary breaks ever so lightly, during 2000. As a result, the 52-week growth rate in M-3 fell from over 10% toward the end of 1999 to around 6% at the end of 2000.

The outlook across the overseas stock markets, while still long-term bearish, shows considerable improvement in recent months, with several countries offering great short- to intermediate-term profit opportunities.

Ahead of Greenspeak anxiety . .

Part 1

First of all, the cruel depression of the 1930's did not begin with the stock market crash of October 1929.

For some time now, the price of gold has languished under the weight of a strong U.S. dollar. Because the dollar is the world's reserve currency and gold is priced in dollars, a strong dollar tends to depress the price of gold.

Gold-Eagle.com readers will understand if I break into a rousing chorus of "Ding, Dong, The Wicked Witch is dead", from the 1939 movie "Wizard of Oz." The amoral opportunist child king Clinton is finally gone from power.

Our extremely useful forecasting tools will enable us to make money this year when others are losing it. Remember, with every crisis there is opportunity.

The three major indexes finished down in 2000, but that doesn't tell the whole story. The most interesting aspect of the year was the constant flow of money back and forth between "old economy" and "new economy" stocks.

(*) Dow Jones Industrial Index

Remember when everything was turning Japanese? In the 1980's corporations studied Japanese manufacturing practices and tried to emulate their superior ways. Remember when the American economy reined supreme?