Gold Editorials & Commentary

The face of all the world has changed, since first I heard the footsteps of your official rate cut. Sorry, borrowed a front line from a Robert Browning love poem, who wrote about 'footsteps of your soul' to Elizabeth Barrett.

Zimbabwe is a country where hyperinflation is a reality as opposed to a theoretical possibility. The photograph below shows what it looks like to pay for lunch for eight people in that country. It was sent to me in an email dated September 18th, 2007.

INTEREST RATES: Before we can even begin to discuss interest rates intelligently, we must first define what it is that we are actually talking about, since it appears that all the talking Media Heads, Wall Street analysts and Economists don't s

Coming at a time when rate increases were needed to combat the sinking dollar and surging gold, oil and other commodity prices, Ben Bernanke's 50 basis point cuts in the Fed funds and discount rates this week may go down as the most irresponsible move in Fed hi

WOW! What an interesting couple weeks. A lousy August Jobs Report, even though it exaggerated job growth the upside!

Double standard in gold hedging?

It was somewhat odd that despite the extraordinarily bullish COT profile for silver, as of last weekend, gold took center stage and has soared during this week as predicted, despite its COT profile not being as dramatically bullish as that for silver, but that’

Below is an extract from a commentary originally posted at www.speculative-investor.com on 13th September 2007.

With the U.S. Dollar Index breaking decisively below its long-term support level, the sun is finally setting on the golden age of American consumption.

Four charts speak volumes, with only a few words to serve as captions. Ever since the lousy August Jobs Report came out (doctored to look better than the real situation), the gold picture has experienced a sea change.

Hedging Fraudulent

Last week the gold price rose by $30. Let me admit up front that I did not see it coming. When it comes to trading, I am not as smart as I would like to be.

Now that home mortgage defaults are spreading like wildfire from coast to coast, there is a growing sense of certainty that the government will attempt to bail out homeowners and lenders.

YOU HEARD IT HERE FIRST

The Junk to Treasury spread is widening rapidly and you ain't seen anything yet.

A certain nerve has been struck a few times in recent reading on my part by the description of the USDollar as a subprime currency. How true!!!

"Gear Today, Gone Tomorrow" is an old saying in the market place, referring to the propensity for over-leveraged entities to implode. The continuing crisis in the global banking and credit markets has caused the clock to tick past midnight.

GOLD UPSIDE BREAKOUT ALERT! Gold is now in position to break above last year’s highs and embark on a major uptrend.

Below is a Relative Strength Chart of Gold:Silver (courtesy sharpcharts.com)

GLD - no buy signal yet.

The general meltdown in credit is the ideal macroeconomic scenario to launch gold into all time high territory.

This week, Larry Kudlow and others strongly chastised Bernanke for his failure to read the writing on the wall and urged the Fed Chairman to quickly slash the Fed Funds rate. Methinks the pundits doth protest too much.

That the direction of the gold price has been in a state of indecision can be seen from the following chart, courtesy stockcharts.com.

MISINFORMATION

TRIBUTE TO KURT RICHEBACHER. He was a valued colleague and an inspiration to my newsletter. Our week together in Cannes will forever be etched in my memory.

The Normal Business Cycle

GLD - on sell signal.

The current economic debate really boils down to one essential question: "Will there be a recession?" To me, the question has about as much vitality as debating whether Roger Clemens will be inducted into the Baseball Hall of Fame.