Gold Editorials & Commentary

In the last month a tectonic shift has taken place among central bankers. To be sure, the USDollar is aided if foreign central banks end their march to raise official interest rates.

Gold

Have you ever noticed that two bullion coins which contain the exact same amount of the same precious metal, can sometimes sell for a different price?

Below is an extract from a commentary originally posted at www.speculative-investor.com on 2nd December 2007.

The three month daily chart below is showing a sell signal on momentum oscillators, an overbought "slow" stochastic, and an OBV buy signal that looks like it wants to abort.

We are currently in the early stages of the most serious financial crisis since 1929.

For some unfathomable reason, the human mind tends to think in terms of extremes. For example: "Death or Glory", "Success or Failure", "Accelerating growth or Collapse".

Some readers may have seen a trades list produced by Goldman Sachs recommending that investors short gold next year. This report has been allocated to the circular filing along with the government inflation statistics.

GLD - on sell signal.

In an article this week that examined the troubles brewing in Citigroup's mortgage business, the Wall Street Journal focused on Natalie Brandon, a 51 year old married woman from Granada Hills, CA, who is currently unable to make the payments on her $625,000 adj

The US Federal Reserve is behind the curve. Great consequences have resulted and are likely to continue to result. Many words can be used to describe this group.

The World Game was created in 1961 by Nobel Laureate Buckminster Fuller.

Dear Fellow Deviants,

Dear Fellow Travelers standing by for the next flight to Genius,

The Dow Jones Industrial Index is now badly oversold from a technical perspective, and it looks more likely that the markets will bounce up than "collapse".

GLD - on sell signal.

As internal debates in the Gulf and Asian nations intensify over the need to continue propping up the U.S.

The competing currency wars are beginning to escalate. Since 2002 the battles have certainly shown signs of economic damage. But they are really heating up. The winners are difficult to define. The losers are all nations involved.

WHAT'S THE REAL PROBLEM

Did you know that warrants have been in existence for many decades but very few investors know about them? Why? Unfortunately, very few of the professional newsletter writers and analysts understand them so they do not write about them.

When home prices skyrocketed in the early part of this decade, everyone seemed to forget that the subprime borrowers were high risk by definition.

The chart below is a close-up of the Dow Jones Industrial Index as at close of business in the USA on November 15th 2007 (courtesy bigcharts.com)

This looks suspiciously like an OBV sell signal to me

In the last several weeks, tremendous movement and change has occurred in foreign currencies. Almost all foreign currencies have made multi-year highs against the crippled USDollar.

Although yesterday’s reaction may have seemed severe, it is was actually perfectly normal, and served to bring things off the boil, which is necessary if the larger uptrend in gold and silver is to continue.

There's the Housing Bubble and the Commercial Office Space Bubble. There's the Bond Market Bubble and its two progenies, the Junk Bond Market Bubble and the emerging Market Debt Bubble.

Recent reports of better than expected job growth and a 3.9% gain in 3rd quarter GDP have spawned much talk about how the resilience of the American consumer is enabling the country to weather the subprime storm.

GLD - remains on buy signal from 9/04.

The public and investment community continues to be bombarded with denials as to the importance of the seemingly endless slide in the USDollar, along with curiously shallow commentary that the US$ slide seems overdone.