Gold Editorials & Commentary

Summary and Conclusions

The evidence is mounting that the US Federal Reserve Board, and the Establishment which it represents, is losing control.

First of all, thank you for all the feedback. I do read all of it. As much as I would love to discuss the points raised in each comment individually, that is just not possible. I do, however, plan to address some of them in future columns.

SERIES OVERVIEW,

THE DUAL NATURE OF GOLD, and A MYSTERY

OVERVIEW

I would be the first to champion the benefits of Free Trade based on legitimate Comparative Advantage. As a graduate student at Harvard, I had the privilege to pass on Wisdom of the Ages and Sages to the bright undergraduate youth.

Dollar / Rand

Come on Mr Market! Talk to me! What secrets are you hiding?

Gold is a lot of things to a lot of people.

In a January 4 speech this year, Fed. Governor Bernanke opined that the rising gold price was caused by terrorism.

Technical Analysis is all about listening to what the market is telling you - and the messages are often very unclear because of a phenomenon called "biofeedback".

At the beginning of 2003, the level of debt that American’s owed as an absolute amount, and as a ratio of income, was already approaching levels never seen before.

I don't believe in "efficient market theory" that states that all the important information is already known by the market, and that stock picking is somehow like throwing darts at a wall.

The following monthly chart of the Dow Jones Industrial Index is very informative if one focuses on "volume" in addition to price.

After a 4-week correction, gold investors are asking where gold will find support before ultimately ending its corrective decline.

I recently had cause to recall the fact that my Professor of International Finance gave me a "courtesy" pass mark for his course (in 1970/1) because I was stupid/arrogant enough to argue that the gold price would rise above $35/ounce, which was contrary to the

Horace Greeley is often credited with a famous quote "Go west young man" but it was actually made by John B. L. Soule. The quote first appeared as the title to the 1851, Terre Haute Express editorial written by Mr. Soule. Along with being wrongly credited to Mr....

Most Americans don't trust their government, and rightfully so, unless you think everything they say is true. Those who protect themselves with gold and silver, are highly suspicious of government "money," and want to get out of it.

Conventional Trading Techniques would give rise to the conclusion that "last week" was the time for holders of gold to sell out. (Charts courtesy Stockcharts.com)

On January 18, 2004, Reuters reported that former Malaysian Prime Minister, Mahatir Mohamed, advised Saudi Arabia to demand gold for its oil.

It used to be that Greenspan’s Fedspeak moved the world’s currency and investment markets.

No longer.

Everyone involved in the gold market knows about the great 70's gold bull market and how it climaxed with a vertical spike.

Hyperboles are nothing new to gold bugs. One of my favourites was a description of the coming Islamic Gold Dinar describing it as a neutron bomb against the US Dollar, worse than anything than Osama Bin Laden could possibly do.

Dear Shareholder: