Gold Editorials & Commentary

Robert Prechter's forecast that the gold price would drop below $250 (and possibly even below $200) has caused a degree of angst amongst gold bulls.

Nowadays, by far the majority of articles published in the investment media have to do with "Capital Gains" or "Capital Appreciation". Look for articles on "Cash Return on Investments" and you will probably find yourself on a fruitless quest.

Common sense tells us that - because an Economy as a whole is really nothing more nor less than a very large Corporation - the same principles of "Key Performance Indicators" (KPIs) and "Business Drivers" (Drivers) can be applied to it.

Gold metal looks good here as it has broken the down trend line of the Symmetrical Triangle. Gold might now find support on top of the broken down trend line.

Gold metal looks good here as it has broken the down trend line of the Symmetrical Triangle. Gold might now find support on top of the broken down trend line.

We expect the Fed to hike short-term interest rates aggressively during 2004; not as part of a well thought-out plan or because Fed Chairman Alan Greenspan is not politically astute (he is most definitely a political animal), but rather because the bond market

Open Interest as reflected on the COMEX weekly chart on August 8th is now 550 million ounces (see below), with Commercials having a net open short position of 352 million ounces as at August 5th.

August 5, 1993: 'In a matter of seconds' the gold price dropped by $ 10 when COMEX trading opened in New York - a 'technical blitz of selling' had taken place.

RECAP ON CYCLES

What are "cycles" anyway? Who do they affect?

THE TRIGGER(s)

Do cycles even exist ?

A few theoretical asides

A first definition and first warning

THE YUAN, THE EURO, TAXES, AND GOLD

Question: what do the euro, the yuan, taxes, and gold have in common?

Answer: they all determine the future economic viability of the United States.

This article provides a final "in-depth" assessment of Silver and Silver related equities as investment opportunities over the coming years.

During the first half of 2003, gold and gold shares consolidated their considerable gains of 2002. After running up to $390/oz. in anticipation of Gulf War II in early February, gold entered a sharp correction, which completed its course by the end of March.

For years I've kept wondering how the major mining companies will be able to keep up their rate of production, never mind expanding it.

I am an individual investor that has been following the evolving silver story for the past 19 years. Being curious about how high silver prices might eventually go, I began making a list of the APPROACHING FORCES that will likely contribute to higher prices.

During testimony before the House Financial Services committee last week, Federal Reserve Chairman Alan Greenspan indicated that he is prepared to maintain low interest rates for “as long as it takes” to energize the listless economy.

Our reasons for focussing so closely on Silver at the current time are threefold:

Some outstanding points are made in the Puplava article.

Just want to mention a few before my brief thoughts on contrarian investing:

At the time that I wrote my first Gold-Eagle article (August 6th 2002) I was nervous that the world economy might be heading towards a "train crash", but I was fairly optimistic that the train crash could be avoided.

As far as our longer-term (12 months or longer) views are concerned it is usually possible for us to lay out in clear, concise terms, what we think is going to happen and why it is going to happen that way.

In the past week, the silver price rose, and the "traders" once again attempted to cash in, but Open Interest rose only modestly, as traders demonstrated a bit more tentativeness than they have historically demonstrated.

I promised to share with you some of the terrific letters I’ve received in response to my query about whether we should be worried about restrictions on gold ownership.

No, I didn’t stutter and strike the “1” key twice. George Washington was indeed the 11th president of the United States.

Home page: http://www.goldcorp.com

There have been two very interesting developments in the past week:

1. Silver’s Daily Open Interest on Comex dropped to almost zero (See red line at bottom of chart)