Market Summary
Bullish Markets: Gold, commodities (XAU and the Rogers Raw Materials Fund), gold stocks, silver stocks and the U.S. Treasury markets.
Bear Markets always follow Bull markets and a severe stock market correction is long overdue. Bears Lair will spot, monitor and analyze the stock market correction as it develops.
Market Summary
Bullish Markets: Gold, commodities (XAU and the Rogers Raw Materials Fund), gold stocks, silver stocks and the U.S. Treasury markets.
The following Point and Figure charts tell an interesting story.
The US Dollar has broken down
Since the early 1980s, the United States has been the major destination for foreign goods on a global scale.
Y'see, when you get to be as old as I am, you can remember a lot. I grew up in a drug store, because my Dad owned one for 36 years.
Early in the year 2001 twenty-two "expert" Wall Street analysts from Louis Ruykeyser's "Wall Street Week" gave their estimates as to where the Dow would be at the close the year. The estimates ranged from 11,400 to 12,300.
Despite mounting opposition to war with Iraq, the Bush Administration is intent upon bringing Saddam "to justice." The resulting rhetoric has dimmed the global community's view of the United States as reflected by the dollar's rece
This one will be controversial, and I am sorry, but this is MY OPINION ONLY, and I won't change it. If you disagree, that's your prerogative. My opinions on anything, are formed by experience, knowledge, and hunches.
A little over two months ago, we expressed some doubt about the immediacy of a push to new recovery highs. We reasoned that the resumption of the up-trend necessitated a weaker dollar and/or a complication in the imminent U.S.
We don't actually hope to go back to the old ways of using gold coinage; it's just that the Federal Reserve's monetary policies keep driving us there.
Introduction: Frank Giustra is not your typical investment banker.
The dollar price of gold broke out on the upside last week from the consolidation since May of its move from $278.70 an ounce at the end of 2001 to $ 330 an ounce in May. It closed at $ 333.20 an ounce last Friday.
What if I said the words "file cabinet," and you thought I was talking about a 1983 Buick Skylark? That would be a bit of an interesting conversation, wouldn't it?
Check out the papers. California is $21 billion in the red. All states are in the red. Counties, cities, towns, and even villages are broke.
The bear market of 2000 and 2001 has produced the largest declines in the stock market since the 1970s.
The supposed non-value of paper currency is a common theme in conservative financial circles today.
A little-known mining concern is rapidly making progress in exploring and developing gold-rich properties in Alaska and Canada.
The words "not a casus belli" caught my eye yesterday. They appeared in a White House press release.
THE 50% PRINCIPLE - Let's take a look at the very big picture as seen via the 50% Principle. For the benefit of new subscribers, I want to review the 50% Principle.
Mutual Fund rating service Morningstar.com recently ranked the top-performing mutual funds for the year-to-date 2002.
"Economists say America is unlikely to follow into Japanese-style deflation," said a recent Wall Street Journal article, "because U.S.
I am certain that 98% of Gold Eagle readers are parents. Perhaps your kids are grown, or still young, but the principle remains: Keep the kids calm and secure, no matter what is going on outside, or even in the family.
After decades of "miracle" economic growth since World War II, Japan's economy abruptly faltered in 1990 and has stagnated since. Why? Neither the Keynesian nor Monetarist explanations can provide an account.
Truth is a delicate lining, not easily seen except in certain light - Ed Bugos
It has been some time since we last discussed the bond market in some detail. But bonds are an integral part of the market. World wide it is estimated that there are $33 trillion of bonds outstanding.
We in the gold community have a sticky decision to make.