Gold Editorials & Commentary

Recently, there had been questions raised regarding the effectiveness of using technical analysis in the silver market. The central theme of such questioning resides on evidences that the silver market is under heavy manipulation.

This article is divided into three Parts:

Abstract

07-Dec-04: Wheaton was just about the only gold stock up yesterday. Our comments on this ostensibly friendly transaction follow the announcement and data below (in subsequent pages). From Goldcorp's website:

Everyone and his brother thinks that the US$ is going down. When so many people are in one side of the trade, it's important to examine the case for the other side.

There is an old saying that has both wisdom and humour: "Just because I'm paranoid, doesn't mean that they are not out to get me".

Don't Confuse Me With the Facts

The Emotional Contrarian

That Most Emotional of Metals

The Dollar - Oversold or Overwrought?

The Sleeper Dollar Event

The Balance of Financial Terror

Late last month I was researching the new gold exchange-traded fund in preparation for discussing its ramifications in the new December issue of our Zeal Intelligence newsletter.

No subject related to gold is more debated than the possibility that gold may again be confiscated by the US Government during times of economic crisis.

No subject related to gold is more debated than the possibility that gold may again be confiscated by the US Government during times of economic crisis.

Gold has gained in price by more than 50% since 2002, attracting legions of new - and often uninformed - gold buyers into our market.

The dollar is in trouble, but it has been in trouble before. Perhaps the past holds the solution everyone seeks.

Frankly, I don't understand what's happening in the markets at the present time. Perhaps there is information to which I do not have access. Perhaps my model of what "should" be happening is faulty.

There are three definitions of "tender," and we will take the second, which is, "To offer in payment of an obligation." So one can be tender with one's wife or gal, treat something tenderly, tender a resignation, or tender money for payment.

The United States federal deficit is ballooning wildly out of control. The deficit is threatening to sabotage the economic recovery… destroy the U.S. dollar… and turn your financial future upside down. From our perspective, the U.S.

We think that silver is a once in a lifetime opportunity to participate in the meteoric rise of a dramatically undervalued commodity.

Stubborn investors lose money. With this in mind, there is a need for objectivity here. At face value, the markets have spoken and the bears (including myself) have been proven wrong.

When I sit down and think about what a dollar really is; I am amazed at how simple the answer is. In simple terms a dollar is a "Promise To Pay." When examined from this point of view one begins to understand to true meaning of deficits.

Gold and gold shares have spent the year to date in a corrective mode. The intense investment ardor of 2003 has been succeeded by disinterest and skepticism.

Whether or not the ostrich (the investing public) has its head in the sand, the insanity above ground level still exists. Should we be taking responsibility for the position of the ostrich's head? Probably not.

Below is a copy of a letter we have just sent to the Harmony Board stating our objections to the proposed takeover of Goldfields. As you know, Harmony's authorized share capital is only 350,000,000, and there are already 320,819,739 outstanding.

Mr Joseph Granville is generally acknowledged to be the father of the concept of On-Balance-Volume. He is one of three giants in the field of Technical Analysis of share price movements who made their mark in the 1960s.

This article was written for the benefit of those who have only recently become interested in gold, but will also be of interest to long time investors in gold.

I just read an article written by Cliff Droke, who appears to be expecting an end to the "micro mini" recession because M3 is growing.

Below is a table showing the movement of M3 relative to GDP from 1982 to 2003:

"...History reveals a financial system based on paper money depends almost entirely on the confidence of the public in the currency that is issued by the monetary authorities, and that once confidence in a currency is badly shaken, painful consequences are

"...History reveals a financial system based on paper money depends almost entirely on the confidence of the public in the currency that is issued by the monetary authorities, and that once confidence in a currency is badly shaken, painful consequences are

John Mauldin just emailed a brilliant article entitled "Quarterly Review and Outlook, Third Quarter 2004", By Van R. Hoisington and Lacy H. Hunt, Ph.D.