Gold Editorials & Commentary

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.

Thus spoke the crucified Messiah nailed to a Roman cross on a bleak Judean hill many centuries ago; thus say I regarding the events of September 11, 2001. Let no reasonable person have any illusions.

The New York Mercantile Exchange (Nymex), has been closed since the World Trade Center catastrophe on Tuesday morning, as the Nymex facilities are only a couple of blocks away from ground zero.

In the midst of dominating news coverage, CNBC has managed to ask a host of commentators about their views on how the September 11, 2001 tragedies will alter the markets.

As New York City heroically digs out from under the rubble and businesses plot their return to normalcy, the feeling mounts that America has been greatly strengthened and unified by the appalling events of the past week.

Terrorism's tentacles . .

Gold mainly meandered through a narrow range, but as of today is down $4.00 to $272.10 an ounce since our August 20 update. Generallyspeaking, gold has been tracking the dollar, but at a lesser magnitude than the euro and yen.

As the dust clears from the World Trade Center Towers, Pentagon, and others, what will happen?

As of Friday's close, stochastic readings for many of the issues tracked in my daily newsletter were tracing out oversold lows that fell practically off the charts.

Part 1

The Root of the Problem: A Banking System That Requires The Issuance of Debt In Order To Function

Wall Street is befuddled. It can't figure out what is going on because economists are operating with an economic model that is about as out of touch with reality as if a physician tried to examine a pain in your big toe by listening to your heart beat.

Out of all the incredible financial developments of the 1990s, one of the most important fundamental structural changes in the nature of the operation and interaction of the global financial system was the literal explosion of the use of derivatives. 

Out of the woods . .

When we were kids, we wanted absolutely everything. Most of us came from families that may have been well off enough to pay the bills, buy a home and car, and even go to an occasional movie, or other amusement.