Gold Editorials & Commentary

The Treasury Secretary Paulson and Fed Chairman Bernanke bailout plan calls for $700 billion in taxpayer funds to be used to purchase assets that will in all likelihood be worth considerably less in the future.

There is nothing more dangerous than when those responsible for a nation’s troubles are believed to be its savior.

NIGHTMARE ON WALL STREET

GLD – buy signal this week.

Many investors in the Precious Metals sector are worried that the "bailout plan" announced yesterday will resolve the crisis with the effect that things will return to normal and gold and silver will as a result go into retreat once more.

When things go wrong with one’s Elliott Wave count, it normally means that there is an error in the prior wave count.

The idea that the US Government can “bail out” those whose financial failure seems likely to trigger an implosion of the derivatives market needs to be seen in light of two factors:

THE OBVIOUS IS OBVIOUSLY WRONG

We are in historically unprecedented times. The foundation is being laid for a default of USTreasurys in the wake of the greatest regulatory failure in modern history, and the collapse of the US financial system.

Introduction

Gold Market Update

GLD – on sell signal.

More crucial than ever, observers must take the broader perspective that avoids overhearing the party on Wall Street. They know not what they celebrate. It is their demise.

A lot of thought and research takes place throughout each week and weekend in order to publish the best newsletter possible. Yesterday’s was no exception. We presented bullish and bearish thoughts on gold and those still stand.

GLD – on buy signal but still no set up yet.

Something big this way comes. Events will center upon the arch-nemesis of gold, the USTreasury Bond. Market interference is too huge, for bonds, for bank stocks, for the entire financial sector. Banking system structures are too broken.

For the last two weeks, I've asked my readers to go to their local coin shop on Tuesday, September 2, at 2PM. In sum, for those who acted, they were alone. Most shops were out of silver, or nearly out.

The gold market analyses put out by the likes of Gold Fields Mineral Services (GFMS), the World Gold Council (WGC) and most major banks invariably concentrate on things like jewellery demand, new mine supply, and scrap supply.

Who Should Use them - and Why

“Sometimes I wonder whether the world is being run by smart people who are putting us on….or by imbeciles who really mean it.” – Mark Twain

GLD – buy signal this week.

The title refers to Aesop’s tale about the wolf that has lost his tail in a trap.

The highest functions of the financial system have finally broken to the point where smart and connected people are openly making comments.

I believe that it is time for us all to become (re)acquainted with Robert Triffin. Triffin was an economics professor at Yale University in 1960, when he exposed a gaping flaw in the Bretton-Woods monetary system:

Gold Market Update

GLD – on sell signal.

Really, no hype, I found a way you can get physical silver practically for free.