Gold Editorials & Commentary

"Economy gets good diagnosis." So read a recent headline after Fed Chairman Greenspan's attempt at calming the markets and reassuring Americans that the weak U.S. economy is due for a recovery this year, albeit a "weak" one.

Gold Price Suppression & Irrational Exuberance Run Amok

The following is the official transcript of February 27th exchange between U.S. Rep. Ron Paul, R-Texas, and Federal Reserve Chairman Alan Greenspan before the House Financial Services Committee.

A Mini-Battle Royale . . . rained across the market's plains Wednesday, as buyers and sellers -for the most part- were married to a struggle that superficially was never resolved, but was not annulled either.

In my opinion, the answer is a "YES."   The bubble peak could reach $200/oz in January/February 2003.  However, the bubble peak might be as late as  2004.   In my opinion, early signs of a silver market corner are appearing.  

I don't think so. A piece on Le Metrople Cafe is making the rounds, and I think it must be rebutted. The piece was written by a very reputable numismatic coin dealer, first of all, so the ax to grind is obvious.

Barron's Is Now "Playing the Whore" too!

Richard Hoskins dropped a bomb on the literary world in 1985 with the publication of his book, "War Cycles, Peace Cycles." The book was so poignant and controversial that references to it were made in nearly every major newspaper from coast to coast at the time

The last few years has seen a series of "nested bubbles" popping. The internet bubble popped and brought down the tech sector which brought down the NASDAQ which is bringing down the U.S. economy.

The Emergency Banking Bill of March 9, l933, was implemented by an Executive Order used by President Roosevelt in order to call in the domestic gold.

A 'V-bottom' and afternoon rally . . . was our preferred outcome for the daily basis, and we got it!

COMEX Gold Futures saw a two-day double top last week near the $308 level. A pullback and consolidation is underway with perhaps more short-term price weakness to come.

Following six days of steady advances gold reached a closing high of $303.50 an ounce on February 8th. Resistance and profit taking set in, and gold declined moderately to $299 an ounce on Friday, still up 6% for the month to date.

President Bush was recently in Japan. He offered homilies to the Japanese, and his best wishes, but this will have no effect in the dreadful depression that now engulfs them. The Japanese look to government for help, to escape their economic miseries.

For some time no forex analysis was done, the reason being that evidence was mounting that the US dollar was being manipulated to suit objectives of the Bush Administration and other vested interests.

As George Bush arrives in Japan all the economic and political signals coming out of the country continue to be depressing. You can tell when a person, company or country is in trouble when it becomes the target of gallows humour.

In my interview with Ron Gilchrist, which went to press yesterday as part of the February 15, 2002 issue of "J Taylor's Gold & Technology Stocks," he talked a great deal about a very special man named John Exter.

The great equities sell-off is just around the corner as almost every Dow 30 component stock has traced out a bearish parabolic pattern with enormous downside implications.

Observing 'they couldn't take it down' a week ago . .

Introduction

The Chicago Mercantile Exchange (CME), the exchange on which major world currency futures are traded, announced recently that December 2001 volume of trade reached a record of 411.7 million contracts, surpassing the previous record year by 78 percent.

Let's see now, the Japanese are buying gold like it is going out of style, carrying bags of yen to gold shops, and asking, "How much gold will this buy?" Dubya is spending, like there is no tomorrow.

The Japanese economy, the world's second largest, apparently is unable to recover from a lingering recession which descended on the country in 1991. Industrial output has been erratic and lackluster ever since, meandering between expansion and contraction.

As a teen-ager I toured the Ford Assembly Plant in St. Louis (actually, in Hazelwood, a suburb) with my parents in 1949, the year after it opened. Mercury automobiles were being put together there, in a pageant fascinating to watch.

You know you are in trouble when President Pretzel singles out Teddy Kennedy and praises him for his education "bipartisanship" during his State of the Union speech. The State of the Union isn't good as Bushocio claimed.

"J TAYLOR'S GOLD STOCKS ARE ON FIRE!"

First let me make the following disclaimers. Everyone must do his or her own due diligence. Nothing in this essay should be considered investment advice. I am long gold and silver in the mining shares, options on futures, as well as physical.

Gold futures on the COMEX have soared impressively over the past two days and have broken above benchmark $300 resistance, on an intra-day basis, even before we anticipated in our last commentary.

Are technology stocks on the mend? For those with controlled debt, that's more or less precisely the prospect of this whole era, believing September 20-21st lows were an absolutely spectacular buying opportunity, while dangers of short