Mutual Fund rating service Morningstar.com recently ranked the top-performing mutual funds for the year-to-date 2002. Out of the top 50 funds ranked, gold mutual funds overwhelmingly dominated the list, along with a few bear market equity funds (e.g.
Gold Editorials & Commentary
Gold-Eagle gold and precious metal news, market analysis and editorials from world renowned gold analysts and market experts. Stay informed with the latest news and analyses on gold prices and perspectives on the economy to guide your investing decisions.
December 8, 2002
December 7, 2002
"Economists say America is unlikely to follow into Japanese-style deflation," said a recent Wall Street Journal article, "because U.S. leaders reacted to their slowing economy much more quickly than Japanese leaders did..."
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.
December 6, 2002
This week marks an important anniversary.
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.
December 5, 2002
Truth is a delicate lining, not easily seen except in certain light - Ed Bugos
We in the gold community have a sticky decision to make.
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.
December 4, 2002
W.D. Gann was one of the brightest, most innovative and most successful trader on Wall Street in the first half of the 20th century. Even today his name and status among the great traders and market technicians of the past is legendary.
A couple of people have taken me to task for my most recent article which drew attention to some technical non-confirmations and, therefore, to the possibility that Gold might not yet break up - as the charts have been apparently pointing to.
December 2, 2002
As I have mentioned before, the auto craze for zero percent financing is over. New cars, used cars, and every known kind of cars are sitting around waiting for a buyer. Few are showing up.
China May Let Local Investors Trade Gold 1st Half 2003 - China is likely to allow individual investors begin participating in gold trading at its recently launched Shanghai Gold Exchange in the first half of 2003 according to a Chinese exchange official.
Many Technical Analysts have been excited by the fact that the gold chart below has no fewer than 5 "potentially" bullish formations/patterns:
November 29, 2002
Can you trust the markets just before "Turkey Time"? Listen, they're the only markets we have, so we better trust them. The Dow opened with an impressive pop today -- the Dow was up 71 points but my eyes were fixed more on the Transportation Average.
A fellow called me the other day, and expressed surprise about the use of gold as a storage vehicle for wealth. He told me he bought a new Volkswagen in 1966 for $1995, which then was exactly 57 ounce of gold.
November 27, 2002
All conspiracy theories aside, here are some interesting technical facts which flow from the following three monthly charts:
November 26, 2002
Since our last update, and indeed since early June, gold has been in a holding pattern, moving sideways within the $310 to $325 range. Likewise, the trade-weighted U.S.
A popular view advocates that the Fed should manage the economy so as to keep inflation in check, while also being on guard against deflation. In this view, prices must not rise too much or fall too much, but rather stay within some happy median.
The frantic Fed has taken the threat of deflation very seriously. The are seriously afraid that the US might be following the deflationary path of Japan, and they have decided to do what I predicted they would do all along.
Desperate Times Require Desperate Actions
November 25, 2002
I wonder what it would be like to be a middle ages peasant whose entire lifetime of information equals about what I get in a good five hour Internet session. Mind you, our society is heading toward serfdom at a rapid clip. The people are ready.
We all have seen a snowball begin at the top of a hill, and begin its downward trek, picking up speed and snow as it proceeds. The larger it gets, and the faster it rolls, the more destructive it becomes.
November 21, 2002
A lot has happened since we first started writing about the great "Real Estate Bubble" over a year ago. Residential real estate markets nationwide continue to run strong with top prices prevailing.
A lot has happened since we first started writing about the great "Real Estate Bubble" over a year ago. Residential real estate markets nationwide continue to run strong with top prices prevailing.
November 20, 2002
I have chosen to delete the first 17 points as they refer to subjects that might cause the western precious metals researcher to prejudice the rest of this extremely important document.
November 19, 2002
Gold Trashed Gives Birth to the Big Dollar Lie
That the United States is the world's largest consumer of energy is indisputable.
November 18, 2002
First, be sure to read Doug Noland's great and scary piece on the current absolutely astounding state of credit in the US, better known as the Greatest Credit Bubble in recorded history.
In my most recent Gold-Eagle.com article I discussed the theory behind valuing a mine. This article attempts to apply that theory to derive a valuation for Silver Standard Resources Inc. (SSRI)