Gold Editorials & Commentary

The concerns of this writer have escalated significantly as a result of a recent unexpected development.

This week, during his testimony before the hostile Senate Banking Committee, Treasury Secretary Henry Paulson sought to justify the Bush administration's China policy.

The USDollar is offered futile support in the grand scheme by large government related entities possessing titanic vested interests, even as the world reserve currency benefits from the lack of organization of world currency alternatives.

"The majority is usually wrong," Is a common phrase I use. Historically speaking, when I say the majority is usually wrong, I will admit that it is rather an opinion.

Before we start, some definitions regarding the money supply are in order. M1, Money Supply, consists of cash plus checking accounts and travelers checks. M2 consists of M1 plus retail money market funds, savings and small time deposits.

Gold is looking technically stronger than it has done for the past 16 months. It would have escaped the notice of many that it broke out last week from a little-known technical pattern known as 3-arc Fan Correction.

When I last commented on the bond market (December 5th's What's really going on with bonds), bond prices were inexplicably rallying, sending yields on ten year Treasury bonds to 4.4%.

Take the energy story away, and the copper story away, and one might suspect we have witnessed a sleepy precious metals market this autumn and winter. Gold did lose its momentum seen from the autumn high just over $650.

I try not to sell bags of US silver coins, because they are damned difficult to store. They're heavy, and weigh 56 pounds. One could store maybe 70 hundred ounce bars in the same space 2 bags take in a safe.

Subtle but important changes in recent days have substantially increased the chances of upside breakouts by gold and silver.

Theories of periodicity (cycles) in the stock market are as intriguing as they are controversial.

As Wall Street continues to put their faith in the "goldilocks" hypothesis, it may come as a surprise to those familiar with my more negative view that I too fully expect this scenario to unfold.

As an investor, what matters to you more than anything, what is of paramount importance, is determining whether what you have invested in, or are thinking of investing in, is going to go up, down or sideways.

Words of caution: public readers of my commentaries should exercise their own judgment as to whether to buy or sell anything. Never trade based on other people's analysis.

Words from older European sage economists are as welcome to the mainstream financial circles as welcome as leisure suits and hot pants are to the fashion set, as eight track tape sets are to the home music systems, as old Model T Fords are to the classic car vo

The correct term should be "legislated unemployment," and that's what the minimum wage is, for all practical purposes. This is not a political column, but one of simple logic.

RIGHT ON SCHEDULE

Banco Azteca, which has about 1,000 branches throughout Mexico, is about to launch a new service for those who like to save silver. It is the first bank in Mexico to offer this service; other banks are expected to follow suit, sooner or later.

"Central Banks eye asset as well as FX shift."

We have seen the severe smackdown anticipated in the last Gold Market update, although it did first manage to trip our overhead stops by a whisker before plummeting.

With the price of crude oil now down over 30% from its August high of nearly $80 per barrel, many have concluded that the bull market is over.

PREFACE TO GOLD

Stockmarket trading has certain similarities with driving a car.

We all have favorite books, films, and foods. Books, films, and foods we always gyrate to when we need a treat, refresher, or to prove a salient point. I stumbled across a marvelous book several years ago in a Phoenix, AZ used book store.

Back in December of 2001, Robert Arnott and Clifford Asness published an interesting paper entitled "Does Dividend Policy Foretell Earnings Growth?".

December's larger than expected jump in non-farm payrolls is predictably being touted as evidence of a more vibrant U.S. economy. Unfortunately, the data does not support this conclusion.

In order to soften the coming blow of a credit collapse, a group of concerned citizens has decided to establish, in the year 2007, the Gold Standard University Live, home for the study of monetary issues placed under taboo by other institutions of higher learni

The USDollar decline remains in progress, the one which began when the United States citizenry and its Wall Street aristocrats observed the great eating orgy known as Thanksgiving. Nothing can stop a holiday where Americans make eating the order of the day.

The S&P 500 WILL BE UP 10 to 15% IN 2007

For commodities the new trading year did not start off with a bang or a whimper, but rather with an implosion.