Gold Editorials & Commentary

Last week we showed the fractal similarities of the daily HUI Index in late 2001/ early 2002 versus the weekly chart of the HUI from late 2003 to today.

The following chart shows a clear reverse Head and Shoulders formation with a target of 100 with the clear neckline at 90 having been broken to the upside (Source:http

It's been more than twenty-five years, since former US central bank chairman Arthur Burns was at the meeting of the International Monetary Fund in Belgrade (September 30, 1979) where he made his famous speech entitled "The Anguish of Central Banking".

The two year correction in gold stocks appears to be over !

The named appointment of Ben Bernanke (green from inexperience) represents a promise for continued dependence upon inflation for economic growth.

An old trading adage states the following: markets can remain irrational longer than investors can remain solvent. As our recent experience with the dot com bubble proved, in financial markets anything is possible in the short-run.

IS their a problem with the dollar ? After falling to $1.30 against the euro representing a decline of 20% since the beginning of 2003.

The twenty-year picture

I have spent many hours over the last few years reading posts on the Gold-Eagle Forum. It is a wonderful place where many talented and intelligent individuals post their thoughts about the Precious Metals and Precious Metal stocks.

Bimetallism theory and practise requires that gold must be defined in terms of another precious metal also having the reputation of being 'honest money.' The general public will understand this, because people can understand that one cannot define a word using

Last week, following my appearance on CNBC's "Squawk Box" Steve Liesman dismissed my warnings of dire consequences resulting from America's growing current account deficit, by arguing that 20 years of consistent deficits have failed to slow the US economy.

In one of my previous articles written a few months back, I suggested that we are in a broad base bull market, and one of the charts I used for this purpose has just given us another major buy signal.

In the wake of the US Federal Reserve interest rate hike on Tuesday, with no signals of an end to measured mindless moronic future hikes, the USDollar has failed to clear 90 on its index. In fact, 90 has become the "scrimmage line" of battle.

"We inflate our paper currency, we repair commerce with unlimited credit, and are presently visited with unlimited bankruptcy."

- R.W. Emerson, The Young American, 1844

The New Deal Debunked

Last time I was excited about politics, I was a fool. I voted for Ross Perot, twice! And we idiots were in favor of protectionism. Today, I'm a firm believer in the benefits of free trade. After all, I'm now an investor and trader!

I just think with gold and silver that are both political metals, they are manipulated, so Elliott Wave analysis is null and void for these metals (manipulation does not make for a good count anywhere). - David Petch, April 1, 2005

The weekly chart below (courtesy stockcharts.com) shows a market that has been indecisive of the relative merits of silver vs gold as an investment target.

Never has a changing of the monetary guard taken place with the U.S. economy in so precarious a position. When Paul Volcker arrived, everyone knew the economy was a mess. Volcker's obvious job was to clean it up.

Dow Theory seeks to call the direction of the Primary trend - based on:

Yet another battle royal has hit the scene.

Grass Valley, CA (silverstockreport.com)  -- The Silver Users Association (SUA), a group devoted to the conflicting goals of keeping silver prices low and keeping silver available fo

Before giving our view on the best silver miner in the world a little background information is necessary. First, the reader should ask why invest in the mining industry at all?

In August 2003 I published an Elliott Wave gold price forecast that targeted a price of $630 as the peak of the first major wave in the new gold bull market.

Introduction

I am always amazed at how Wall Street is so easily fooled by statistics. If a number merely exceeds some consensus expectation, markets will react favorably, regardless of the misleading nature of the statistics themselves.

It wasn't too long ago that the talking heads of Wall St.

A battle of the titans is shaping up. The BKX bankers index is in the process of breaking down. It represents some of the largest and most powerful money center banks in the United States.

Introduction