Gold Editorials & Commentary

Are investors being 'lured' into the markets . . . in the wake of a colossal move up from the lows of September; or is this really a market anticipating the post-recession conditions?

Anyone out there old enough to remember the Maginot Line? The Maginot line, was a long fortress built by the French to keep the Nazis out. They figured if they built this long, high wall, with guns and other armaments, the Gerrys would be kept out.

Twenty years ago this month I traveled through the snows to Hillsdale College in Michigan to give a talk in the Ludwig von Mises Lecture Series, my topic being "A Supply-Side Gold Standard." A few months earlier, I had only a vague idea who von Mises was and no

Durban Deep has not disappointed the faithful investor, soaring from its $1.10 pivot last week to close near a two-month high at $1.35.

Congressman Ron Paul, M.D. says U.S. Treasury confiscation of gold would be illegal.

A secondary reaction . .

What it took Japan 7 years to do, Greenspan and his private, mostly European owned, Federal Reserve Central Bank, has done in a year. He has cut the interest rate for the 11th time in a year, with more to come, it is rumored.

The gold bullion price tested its November lows of $272 an ounce last week and closed on Friday at $273.90 an ounce. It is up 6.6 % from its April low of $255 an ounce.

The American delusion over stocks continues. It seems impossible to investors, most of whom have never seen a secular bear market, that we could be in the early stages of a very serious 1970's decline.

No, not December 7th. More than likely, that was a day of fulfillment, a time anxiously anticipated. The day I refer to is next January 1, when three hundred million Europeans will be conquered by the euro.

Prior to Wednesday's 'explosion' . .

You have to give Mr. Magoo credit for persistence, if not ethics or brains. Here is a man who is convinced that low interest rates will save the economy-period. He has now undertaken a bold, dangerous and ultimately futile last ditch effort to do just that.

Introduction

A basic law of physics, says that for every action, there will be a re-action, and it is all too true with the stock market.

The gold market, in true-to-form counter-cyclical fashion, is trading opposite the equities market and the U.S. dollar, and will likely test the lows near $270 over the next several days.

Interesting that the bond market got roughed up pretty well last week after having rallied sharply for the past several weeks.

Since September, the Dow Jones industrial average has gained 15% as the bulls rushed out to snap up stocks at bargain prices.

As in a previous piece, I must first make a disclaimer. I deal in bullion coins, not numismatics. There are two sides to every question…or more. I offer my side of the controversy, and will attempt to offer the other side too, to be fair.

PART III

PART I

EXECUTIVE SUMMARY

The ripple effects of the market's technical status . .

It seems only yesterday, we were hearing a lot about a new era, but now we are actually living in one, not because of Sept. 11th, which is not an occasion to be used to promote self interest.

In recent weeks we have commented on the likely scenario in the equities market as we round out 2001 and head into a new year.

Douglas Cliggit of J.P. MORGAN Dampens CNBC's Enthusiasm

Rumors about the demise of the Taliban and Mr. Bin Laden are greatly exaggerated as Mark Twain would put it; I would add official comments on the health of the global economy are even worse.

For the first time since the Roman Empire, legions across Europe are on the march for conquest under a united Euro banner.

An increasingly aggressive attitude . .

Let me begin by saying that I am a precious metals dealer. I have been such since November, 1977, and do not sell gold stocks, or any other stocks, for that matter. I have clients in all 50 states and Singapore, and enjoy what I do.