Gold Editorials & Commentary

For the last couple weeks, my attention has been given to the amusement and desperation behind propaganda, bluffs, and the utter desperation of the USFederal Reserve in the orchestrated rumors of a new position wherein they would soon or eventually raise the of

THE PRICING OF OIL: It never ceases to amaze me how little is known and understood by all the talking heads that we see and hear on TV pontificating on the topic de jour: Today’s being the price of oil.

GLD – on sell signal.

Gold Market Update

WHAT UP WITH THE MEXICAN PESO ??

One of my subscribers and a friend, Charles Cohen, has allowed me to share with readers an article which he recently wrote on the performance of Warren Buffett and his company Berkshire Hathaway vs Goldcorp.  The results will shock you and this is a must read.

Quadrillion? That’s a number only astronomers use, right? You know…as in the North Star is “just” a couple of quadrillion miles away.

Summary

GLD – on sell signal.

Just a week ago gold and silver were well placed to begin a new uptrend and while they are still are, we have over the past week witnessed severe testing of - and erosion of - support at a critical level that is leading to rapidly increasing downside risk.

“I sincerely believe ... that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity under the name of funding

Some very confusing factors are at work relating to the USTreasury Bond market and the gold market.

I started writing this piece as the sub-prime crisis was unfolding.

As I have pointed out to you in the last few missives, BULLISHNESS dies hard and is typical when a market is in the process of forming a Major Top.

GLD – on sell signal.

Standard & Poor announced in late May it has cut or might cut debt ratings on $34 billion of securities tied to Alt-A mortgages, whose type issued in 2007 have a default rate to 6.64% for 90 days late as of end April.

I've been writing a lot of articles lately on the supply shortage of silver from various mints and coin dealers, but I wanted to take a step back from focusing on that specific issue, and present an overview of the major fundamentals again.

The title is a bow to Peter Schiff for his admirable article It’s Not an Oil Crisis: It’s a Dollar Crisis.

GLD – on buy signal.

A couple of years, ago, a poster started coming to the GE Forum late at night. His arrival was marked with upbeat posts that were usually posted in all “caps.” Shortly thereafter, this gentleman contacted me at my e-mail contact at the bottom of my editorial.

US Interest rates are on the rise, but there’s a bright light at the end of the tunnel – which is not emanating from an oncoming train.

An important swing in the pendulum is due to manifest itself in the near future. Leverage with gold mining stocks and silver mining stocks depends upon containment of costs.

It never ceases to amaze me how pervasive the level of economic ignorance is in this country and perhaps in the rest of the world as well.

GLD – on buy signal.

The gold and silver prices have broken out on the upside, not to register new highs but rather to emerge from a clear bullish wedge pattern in their daily charts. The stage is set for assaults on the 1000 gold high and the 21 silver high.

The technical condition of silver has continued to improve since the last bullish Silver Market update was posted a week ago.

GLD – buy signal this week.

The springtime corrections are really about done. They have gone on for a couple of months. The extent of the pullbacks have been tested and retested. The long-term trends are just about ready to asset themselves again.

For the last two days, I attended and participated in the Hard Assets Investment Conference in New York City which was well attended with many great speakers and companies.  I always encourage investors to attend these conferences to get a real ‘hands on feel’,