Gold Editorials & Commentary

"We can't ensure success, but we can deserve it"

George Washington

Absent Wall Street & Political Spin, We saw No Promising Signs

December Gold: $319.80

Critical underlying support: $317.50

Critical overhead resistance: $324-$326

Would you put Greasy Smeazy's Motor Oil in your Mercedes, Ford, or even lawn mower? Of course not. "Greasy Smeazy" would be the hallmark of that motor oil.

Durban Roodeport Deep (symbol: DROOY) is a stock that is very near and dear the hearts of thousands of traders and investors. When Durban is hot, it can be one of the fastest-moving, highest-rewarding stocks among low-priced gold shares.

This study was originally made and published in 1997. However, the gold market has made a secular bull reversal movement to warrant a revisit and reevaluation of future projections.

Metals

Greenspan's remarks on economic volatility at a symposium sponsored by the FRB of Kansas City, Jackson Hole, Wyoming struck some important themes for gold traders to contemplate.

Following is a quick commentary of major markets based on some very simple observations of their charts as at the end of this past week.

Bullish Markets

[The crowd] is not prepared to admit that anything can come between its desire and the realization of its desire...while the notion of impossibility disappears for the individual.

Gustave Le Bon,

The Crowd

Swooning along . . . the path of corrective action, Wednesday's stock market once more was hit, although there really weren't the news-related 'jolts' recent breakdowns were characterized by.

You have to hand it to Mr. Magoo. I'll give him an A for chutzpah, that's for sure. The man is nothing but a common criminal of the white collar type. I openly and publicly call the FED chief a traitor, a coward and a common white collar criminal.

Welcome to the land of opportunity! The long-term chart of Durban Deep is one of the most bullish charts I have seen in my entire life.

The lack of recent volatility in the POG, and a relatively calm stock market has resulted in lacklustre conditions for gold equities.

AGAIN, DON'T LET THE BEAR MARKET RALLY SUCKER YOU IN!

In the ever-turbulent metals markets, nothing is as constant as change, as the saying goes. During the course of the shifting supply/demand balance from the demand side to the supply side of the scale, sellers had their way over the market in July and August.

What is a "buck?" The term's origin may interest you. It seems that well over a hundred years ago, in Oklahoma, George Washington Miller, a budding entrepreneur, started what became America's first theme park.

Ready for "Pinkbacks," that is, for Federal Reserve notes with a pink hue?

Today the concept of legal tender refers to coercion. The government orders its subjects to accept irredeemable promises in payment for the real goods and real services they produce.

For the time being, the Fed’s decision makers have decided to keep the federal funds rate target unchanged at 1.75 percent. They hinted, however, that if the economy were to slow further, they would lower the rate.

Mark Lewis is a staff writer at Forbes.

Whilst I was channel surfing on foxtel, and reading the West Australian TV supplement on Saturday, I came across the inspiration for another article concurrently.

Every July, the Bureau of Economic Analysis (BEA) releases revisions to the previous three years of economic data. Economists generally dread the revisions, as they are almost always large, and often alter their view of history significantly.

The advent of the jet ski has revolutionised big wave riding, allowing surfers the opportunity to chase the monster waves in search of an adrenalin rush along with the potential for bonanza cash rewards courtesy of major organisations.

We all have "assets" of various kinds and types. We have our looks, and this seems to be especially important to women, who go to great lengths and expense to maintain them.

Critical underlying support:   $312

Critical overhead resistance:   $320

To Project the future, Look in the Rear View Mirror

Barton M. Biggs, Morgan Stanley's well-known global investment strategist, put out a research note on July 16, 2002, making an investment case for gold. See T.