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Bear's Lair

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.

 

Good evening;

India has the highest demand for gold in the world and more than 90% of this gold is acquired in the form of jewellery.

Gold and gold mining shares have regained their position as an important and accepted asset class and superior safe-haven investment in times of uncertainty and trouble.

With the passing of Memorial Day the stock markets have unofficially entered the summer doldrums, or a period of time leading into September when traders take vacations, investors spend some time buying suntan lotion rather than st

Gold is getting hot and the environment is ripe for a sustained rise. Gold hit another over two year high for the fourth time since February and the bull market is gaining steam. Gold shares soared even more.

Drowning in U.S. Dollars

India is the largest consumer of gold in recent times.

Right here in our late May turning point time frame, the U.S. Dollar is accelerating down to new lows, gold is blowing out to new highs (along with gold stocks), and the stock market is slumping.

I received a complimentary copy of The Rosen Numismatic Advisory the other day. Along with the advisory, was a nice letter from its owner and founder, Maurice Rosen. I thank you Mr. Rosen.

Two years ago we reported in a GOLD-EAGLE essay that the "War and Peace" cycle was forecasting war sometime in the 2002-2004 timeframe.

The History of the Passion



In India, gold is religion.

Rumors of Bin Laden's capture . . . were denied later on, but generally were what was attributed as igniting Wed.'s late rebound behavior.

S&P Earnings Yield a Paltry 2.25%!

Memorial Day Meltdown is bubbling along quite nicely thank you. No, the Stock Market hasn't crashed yet, but the system is failing. If you are not careful, you will soon have a dent in your head from the falling economic debris.

We're just in the beginning the most desperate of times. We are about to hear the last gasp of our once great world economy. Call the summer of 2002 its swan song. Sweet song of sorrow, it will become a hymn.

It seems that there are two different possible types of dollar devaluation.

After the latest run up for gold will we see once again accelerated producer forward selling as we have seen it in the last five years? Will the gold price be down once again to new lows ?

I now (after a lot of e-mails) realize that my idea of using Silver Eagles at their face value ($1) to purchase or sell real estate at 6 times its value, to avoid taxes, etc, was biting off a big chunk.




  "And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:

Harmonious behavior . .

President Bush signaled his intention to follow along the path toward monetary deflation Monday by signing a 10-year, $190 billion farm subsidy program. The new law boosts U.S.

The crackdowns are well under way. Regulators are all over Wall Street's mess.

Lingering Questions

The price of gold closed at $ 311 an ounce last Friday, approximately unchanged from our last Update.

Growing Trade Tension & A Still Overvalued Dollar

Now don't get me wrong! Gold is gold is gold is gold, and it matters not from where it came. All gold is a superb inflation hedge, beautiful, desirable, fungible, universally recognized for value, etc.

Warning bears would get burned . . .

It is apparent that Wall Street is walking through the valley of the shadow of death, as the well meaning public is increasingly becoming aware of the conflicts of interest related to its research enterprise.

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With gold stolen by Conquistador Francisco Pizarro from the Inca Empire in 1532, Spain financed its conquest of Europe.

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