Gold Editorials & Commentary

Introduction

Bread and Circuses is defined as "Offerings, such as benefits or entertainment, intended to placate discontent or distract attention from a policy or situation".

Why not assure monetary virtue by trusting, not in the monetary wisdom of men, but in an objective standard? Why not emulate our great grandfathers and tie our currency to gold?

My gold customers must be quite upset with me at the moment. I have been a gold bull for over two years, but recently the merging of short, intermediate and long term technical views have indicated a large increase in the potential for a bear break in gold.

In his latest commentary, Morgan Stanley's Stephen Roach, perhaps the only Wall Street economist who at least partially comprehends the looming economic danger, once again lamented that a "co-dependent global economy can't live without the excess consumption of

This time-honored question has historically been debated within the province of gender battle. Banter between the sexes has countered machismo, never to set the record straight on true satisfaction and lasting harmony among partners.

Last week almost every index and market, except the dollar index, fell after the Federal Reserve raised interest rates and admitted in its accompanying statement that there is indeed inflation.

The March 21, 2005 news item that the "EU member states have agreed to relax constraints their budgets are subject to under the Stability and Growth Pact which underpins the euro" contains the most positive news for gold in the past two years.

The extraordinary nature of the weekly chart below (source: Decisionpoint.com) is the number of gaps that appear thereon

Introduction

Since the release of the Fed Open Market Committee statement yesterday, much has been said about the Fed's newfound commitment to contain inflation.

The Japanese developed a technical analysis set of tools called "Candlesticks" which goes far beyond the simple depiction of a chart as a white bar for a rising day (or week), and a colored red or black bar for a declining day (or week).

"The problem in silver is that there is no easy solution, save sharply higher prices. When the silver manipulation breaks, it will be disorderly and disruptive. It will be a matter of great upheaval.

Two weeks ago, my article titled " March reversals" pegged the $SPX at 1222.

Ceasar was supposed to be a god. Julias Caesar was killed on the Ides of March. (March 15th)

Today, we don't make men gods. Instead society has made our financial system into a false god.

In the 20th Century, the U.S. dollar became the world's reserve currency because it was the coin of the world's leading economy. In the "Bizzaro" 21st Century economy, this causality has reversed. Today, the primary reason the U.S.

The saga of the Hunt Brothers, or at least two of the 15 kids by several marriages and liaisons of the old man, H.L Hunt, of necessity must begin with the father. H.L. Hunt was born in Illinois, and left home at age 16.

Dear Mr. East,

EXPORT INFLATION, IMPORT DEFLATION

In simple terms:

Force short dated yields up at a faster pace than long dated yields.

This will:

Silver has a long history of being used as money. Early in the book of Genesis, there are examples of the importance of silver. Silver is valuable as both a metal of commerce and a metal of industrial application.

Today, with the release of January's $58.3 billion dollar trade deficit (the second worst monthly result on record), the enormity of the imbalance was once again overshadowed by the rhetoric immediately following its release.

Introduction

For non subscribers and those new to my commentaries, here is a recap of what is happening with gold and gold stocks.

Something about the markets has been worrying me at a subconscious level over the past few weeks. There are too many "obvious" signals being given - of which the following are but a few:

Caveat: This article has been written by way of a "brainstorm session" of a type that is typically used in Corporate strategic planning sessions.

With oil prices consolidating above $50 per barrel, forming a base upon which future price increases will likely be built, there is no shortage of Pollyannas willing to dismiss the toll higher oil prices will exact on the U.S. economy.