Gold Editorials & Commentary

Oil is now very close to breaking out from the large Head-and-Shoulders bottom that we had earlier identified, and from the look of the latest oil COT chart, on which the Commercials short positions have shrunk dramatically, it is close to doing so – and if it

Summary

As Treasury Secretary Henry Paulson continues to drum up interest in direct investment in the United States, he will rely on a set of skills that only a long-time Wall Street pro can truly master.

I wrote about this back in January, but the questions still come to me regularly, so I'll reiterate it again, with more details.

The gold sector remains on a sell signal since April, and prices continue to deteriorate.

The topsy-turvy world of central bank gold sales

Here is a passage from my 1998 book entitled Gold and Interest that will soon be released as an e-book.

We noticed this evening that the Central Fund of Canada (CEF) is selling at a 3.8% premium and we can't remember ever seeing it that low. It seems that sentiment for the precious metal sector is pretty glum.

In Update XII, which was published 2 months ago, it was stated:

"Both gold and silver seem poised for dramatic upside price explosions if the latest Elliott Wave count set out below is correct.

I started to put a chart together, tonight, to show a simple relationship but as usual got carried away.

The newest deceptions are with jobs and housing. Each is much worse than reported. The housing decline might be as much as 15% worse than reported, which leads to much bigger job loss than is reported.

In the last update, published on or after 16th April, we expected gold to drop back from the $690 area due to the bearish COT structure, and that is what has happened.

It is practically impossible to find a government economist, central banker, or private mainstream economist today who shows the slightest concern for the store-of-value function of Money.

Russia and China have become a major problem. Everywhere one turns, there is Russia & China at odds with the United States. We have the Great Bear in a conflict over energy, Iran, military installations, and central bank policy.

Until recently, the greatest threat to investors in gold shares was commonly perceived to be toxic hedge books.

With the Feds holding their course on rates, we are also holding our course in the gold sector. We remain in cash until a buy signal.

Paper money, over the years, and in all lands, have taken all forms and designs. These designs are universally created to instill trust. Things are no different now than they were when paper was first invented.

Even the gold plated bears are turning bullish on the industrial equity markets.

Why?

The short answer: "Inflation"

Carlo "Charles" Ponzi (1882-1949)

Born in Parma, Italy, Ponzi immigrated to America in 1903 and was quick to show his entrepreneurial flair.

The following evidences the (surface) fact that the US economy is healthy:

It may come as a shock to many of you, but I too believe that we are experiencing a "Goldilocks" economy. However, unlike most on Wall Street I do not define this as economic growth that is neither too hot nor too cold.

All the conditions were there, a euro currency breakout, a British sterling currency breakout, and pronounced USDollar weakness. The sterling exchange rate even hit $2.00 to capture a tremendous amount of attention.

On June 3, 1963, John Fitzgerald Kennedy, the then President of the United States, issued an Executive Order, which appears to still be in effect. It basically states that the United States Treasury shall issue silver backed dollars against any silver in the United...

With the price of Gold less than 7% off of its six year high, I am amazed by how nervous more and more Investors or shall I say Gold traders are becoming.

Many investors have been taken by surprise by the sudden strength in the broad US stockmarkets, especially given the severe structural problems of the US economy.

The following editorial is an excerpt from "Tedbits: The Economic and Financial NO SPIN ZONE" weekly newsletter by Ty Andros, to view the rest of this commentary or to subscribe, go to ofwww.Tr

As the Dow burst through the 13,000 milestone this week, few understood the hollowness of the achievement.

Throughout the entire 2004 and 2005 years, the global financial markets were subjected to utter nonsense and propaganda about a new Macro Economy. Its main pillar was the recycle of vast Asian trade surplus into USTreasurys.

We've seen how the prices have gone up over the years, which merely means that the dollar has been inflated, or its quantity increased. Why? To pay the bills the politicians have run up to make themselves popular and get re-elected. Not our fault.

Before grappling with and trying to solve any problem, one must first accumulate and then examine the real facts.