Gold Editorials & Commentary

Dear Chairman Greenspan and Secretary Summers:

We assume all you readers are well aware of the September actions of the European Central bankers in regard to future gold sales, leasing, futures or options.

By definition, a market bubble is not a very obvious affair. If the man on the street begins to see what by all accounts is a bubbly market, he will act rationally, or so the academics believe, and find a safer haven for his savings.

In my last article, I publicly accused at least six financial firms of fraud and manipulation, for their dealings in the precious metals derivatives arena. I'm still here.

Overweight "discipline" and recognizing building risk . .

Western central banks are in panic mode. No other interpretation can be put on the announcement yesterday of further Dutch gold sales of 300 metric tons.

Come January the biggest post-holiday markdowns in the retail sector may be on Wall Street, not Main Street.

Studies addressing the occurrence and causes of cycles in the financial markets in recent years have tended to place a strong emphasis on the supposed causative effect of mass psychology.

Just when gold stock investors thought they were dealt a winning hand, we get blood in the streets instead. As of this December 3rd writing we find POG at around $282, still up from the $255 area of last summer.

The traditional method of conquering another nation has been via warfare. It's a dangerous method, and leaves the victor with a seriously impaired property to manage after the war is over.

If I recall history correctly, it was a Venezuelan who fathered the concept of OPEC (Organization of the Petroleum Exporting Countries) about 25 or so years ago. And we all well know the monumental impact OPEC has had on world economics since.

Beginning of month buying . .

The bull market continues to rage ahead in the OTC market, but is by no means broad-based. This market has become extremely narrow and the leaders are few.

A SECOND STARTING POINT

Appendix A: Introduction to Elliott Wave Theory.

Recent history and the current market bubble.

SETTING THE STAGE

Why should we care about the long-term outlook for the stock market?

INTRODUCTION

Despite what have appeared to be indications of an imminent change to this most difficult environment, the historic stock market dislocation continues. Again this week, the market is dominated by wild moves in stocks and sectors with large short positions.

U.S. markets continued soaring into the stratosphere last week as the "melt-up" continued to exert its influence on key stock market sectors, particularly the OTC stocks.

In this article, I attempt to raise and level new specific accusations in the ongoing gold and silver manipulation. Before I articulate my new allegations, let me summarize what I've said to date.

From an historical perspective, the possibility that the Dow Jones Industrial Average and the gold price could converge at around $3000, i.e., the Dow at 3000 and gold at US$3000/oz. sometime in the next decade is quite supportable.

T-Bond action foretold the reversal . . . or so we thought late Tuesday.

The gold deposit scheme announced by the Indian Finance Minister aims to draw out a part of country's vast gold holding in private hands and thus reducing India's dependence on importation of gold.

What we are witnessing is the death of the dollar as we know it. This is a chess game where the loser's currency devalues greatly. All the moves from all corners of the world are centered around gold, the dollar/IMF, and the new Euro currency.

Superlative strength in computer and technology stocks . .

Underneath the surface of a bubbling and vibrant U.S. stock market is a banking industry scandal waiting to erupt.

I admit that all this flurry of activity in gold confuses me.

Introduction

The battle for supremacy pits Frankfurt against London. However, beneath the turbulent surface is fierce hand-to-hand combat of Gold vs the US$.