Gold Editorials & Commentary

The hidden bond insurers used by Wall Street firms are in the news, especially ACA Capital and MBIA. Implications are huge, with monumental ripple effects. Financial press reporting of the bond insurers is woefully inadequate.

Of course - to any Wall Street power broker, economist, or US policy maker, this headline means the equivalent of “Only Space Aliens Can Halt Teenage Pregnancies”. In other words, it’s a total non-sequitur to them.

From close up, there is no making sense of what is happening in the markets today. Certainly, in all the years of my involvement in and around the markets I have never seen such confusion at the coalface.

We don’t normally look at fundamentals in these Gold Market updates, but it is worth stopping for a moment to consider the implications of the latest stroke of genius announced last week by the Fed in its desperate attempts to prevent a credit crunch, as it has

This week's announcement by the Fed that it will create a new mechanism to provide funding for credit challenged banks has been lauded by Wall Street as an innovative approach to solving the credit crisis.

Like a petulant child raging around because it got one candy when it expected two, the market threw a tantrum yesterday when it only got a quarter of a percent rate cut yesterday when it was hoping for more - but what good would it have done if rates had been c

An avalanche comes in 2008. Its wreckage will hit both the USEconomy and banking world.

GLD - on sell signal.

Without question, the Bush administration's mortgage rescue plan will exacerbate, not alleviate, the problems in the housing market.

In the last month a tectonic shift has taken place among central bankers. To be sure, the USDollar is aided if foreign central banks end their march to raise official interest rates.

Gold

Have you ever noticed that two bullion coins which contain the exact same amount of the same precious metal, can sometimes sell for a different price?

Below is an extract from a commentary originally posted at www.speculative-investor.com on 2nd December 2007.

The three month daily chart below is showing a sell signal on momentum oscillators, an overbought "slow" stochastic, and an OBV buy signal that looks like it wants to abort.

We are currently in the early stages of the most serious financial crisis since 1929.

For some unfathomable reason, the human mind tends to think in terms of extremes. For example: "Death or Glory", "Success or Failure", "Accelerating growth or Collapse".

Some readers may have seen a trades list produced by Goldman Sachs recommending that investors short gold next year. This report has been allocated to the circular filing along with the government inflation statistics.

GLD - on sell signal.

In an article this week that examined the troubles brewing in Citigroup's mortgage business, the Wall Street Journal focused on Natalie Brandon, a 51 year old married woman from Granada Hills, CA, who is currently unable to make the payments on her $625,000 adj

The US Federal Reserve is behind the curve. Great consequences have resulted and are likely to continue to result. Many words can be used to describe this group.

The World Game was created in 1961 by Nobel Laureate Buckminster Fuller.

Dear Fellow Deviants,

Dear Fellow Travelers standing by for the next flight to Genius,

The Dow Jones Industrial Index is now badly oversold from a technical perspective, and it looks more likely that the markets will bounce up than "collapse".

GLD - on sell signal.

As internal debates in the Gulf and Asian nations intensify over the need to continue propping up the U.S.

The competing currency wars are beginning to escalate. Since 2002 the battles have certainly shown signs of economic damage. But they are really heating up. The winners are difficult to define. The losers are all nations involved.

WHAT'S THE REAL PROBLEM

Did you know that warrants have been in existence for many decades but very few investors know about them? Why? Unfortunately, very few of the professional newsletter writers and analysts understand them so they do not write about them.

When home prices skyrocketed in the early part of this decade, everyone seemed to forget that the subprime borrowers were high risk by definition.