Gold Editorials & Commentary

Like politics, all recessions are local.

'The future of the world is at stake' . . . are not words of hyperbole from a network known for sensationalism, or an effort to elicit more anxiety from American citizens.

Certain myths seem to persist forever. Certain phrases are so common, that no one ever questions them, or realizes they are frauds. Common today, is the trite, "strong dollar." Excuse me, but would you repeat that? "THE DOLLAR IS STRONG!" The hell you say.

For those of you yet unaware, the United States economy is almost certainly in recession for the first time in more than a decade.  Furthermore, this recession would have in all probability have come to pass whether the September 11 Attacks on America had occur

Gold had a sharp correction last week as it declined to the $280 level, finding support at the 45-day moving average and maintaining the positive trend that has been in place since April.

TRADING NOTES: Anthrax murmurs swept from New York into the heartland on Friday, disrupting the Englewood, CO, post office that processes out-of-state mail eventually delivered to my neighborhood, among others.

The bombing campaign against Afghanistan along President George Bush's avowed "war on terrorism" will soon be put on hold as the United States must contend with a major battle of its own on the home front.

From a technical viewpoint, the U.S. equity markets had reached an "oversold" position following the post-attack decline so the last two week's rise was not terribly surprising to market pros.

What happens to the price of silver during a War? The price of silver soared in World War I and during World War II. (1)

Traders looking to hedge their portfolios from an expected "October Massacre" should consider going long shares of the South African mining stock Durban Roodeport Deep.

Neutrality surrendered . .

I hear this on a continual basis: "Suppose I buy gold, and the government tells everyone to turn theirs in?" Or, "What if the government comes around and seizes my gold like they did in the 1930's?" Or, "Suppose they pass a law making owni

In an automobile it is the horsepower that spins the wheels and makes spectacular clouds of smoke and long black drag strips on the tar; but it is the engine's torque that keeps the vehicle forging ahead when the going gets tough and the gradients get steep.

Following the attack upon the World Trade Center in New York (there are World Trade Centers in about ninety countries) the President has been throwing money around as though it were going out of style. (Which, of course, it is!)

I lead a panel discussion on gold at the Cambridge House in Calgary last weekend. On the panel were Bob Chapman, Bob Bishop, David Tice and Ian Gordon. The panel's views on gold ranged from mildly bullish (Bob Bishop) to rabidly bullish (Bob Chapman).

The complex maize . .

The frenzied events of recent weeks have kicked off a death spiral of reactions that promise to make 2001 look like a picnic compared to next year and the years ahead.

The tragic events of September 11th immediately resulted in a capital flight to safety and quality. The price of gold, the traditional store of wealth for thousands of years, jumped approximately 7 % to $290 an ounce.

The middle class in the American Civilization is all important in our society. The middle class are the ones who travel, eat out, buy new cars, homes in developments, and generally are the absolute backbone of America. Without the middle class, we will fail.

A quote from my 2-26-2001 gold-eagle.com essay called "A Dangerous Spring"- "I've often said the legacy of the child king would be war and depression." Now then, as we deploy tens of thousands of combat troops into Central Asia, send National Guard troops to po

A personal credit collapse of truly monolithic proportions is starting to become a reality across the country.

By now it is no secret that the much anticipated U.S. equities crash is well underway. But a crash that few are talking about-and almost no one wants to hear-is the impending collapse in U.S. real estate prices.

Anxiety returns to a fever-pitch . .

For crying out loud people, this is a disaster, not waiting to happen, but actually happening! Just forward this to everyone you know, and see if it can knock some sense into their heads.

Unfortunately our Warnings Seem to be Unfolding

Having overestimated the psychological impact of President Bush's speech, I am obliged to focus even more resolutely on purely empirical indicators. Unfortunately, my most reliable tool -- the "hidden" pivot -- still paints a menacing picture.

It is conceivable that stocks might have come back after September 11, just as so many people had hoped. But the meddlers in DC seemed to be doing everything in their power to make sure that it would not happen.

It is clear that stocks are not attracting much buying interest unless allowed to freefall for a scary hour or two. So, do the specialists go for broke by pulling their bids on the opening today (Friday), allowing the DJIA to plummet to 8000 or even lower?

In this war climate, our views are subject to change not only daily or intraday, but even momentarily as events may require.

Ever play the futures market? I don't advise it, as it is a lot more fun to gamble at Las Vegas. I've lost more than I made, and have given it up. I don't advise it. But there are millions who regularly do futures, and some make money. Most don't.