Gold Editorials & Commentary

Gold market observers in Europe joke about it by saying: 'Good Morning America!' or 'You can set your watch by it'. What happens when New York wakes up? Generally, the price of gold falls.

We've received several e-mails expressing concern over the passage of a new law in South Africa that aims at transforming the country's mining industry by giving the government control of mineral rights.

As the morals of this world continue to careen downhill like a hippopotamus on Rollerblades attempting to negotiate Lombard Street in the dark, one can only thank one's lucky stars that those beacons of probity and virtue, CEOs of public companies, are in a pos

With all the insanity currently going on why not add in a near miss from an asteroid last Friday? Now, wouldn't that have made for an interesting stock market day! Speaking of the stock markets, they don't seem to be doing too well since Memorial Day do they?

This is a BIG bear market!

Are you a villain or just naïve?

Question put to George Gilder by

one of his subscribers.

It's a sure thing I'm tellin yer,' said the man again and again, bringing his face close to Ed Thatcher's face and rapping the desk with his flat hand.

Paperman was rich. He had influence beyond most imaginings. He was revered everywhere in America. Paperman's tentacles extended into everyone's life, be they rich or poor.

Concurrent with the bear market in stocks is a rapidly developing bear market in the U.S. dollar index and a slowly deteriorating economy. This potent 1-2-3 combination will make its effects known greatly this year, especially in the August-November timeframe.

Yes, careful, it could be that time on Wall Street when the proverbial watch that doesn't work actually gives the correct time… bring out the bananas, it's gonna be a party... a short one, but maybe it'll be fun.

It's hard for me to believe I have eighty essays covering a four year period here at GOLD-EAGLE.com. Hopefully, it's not hard for you to have read all of them, as I have enjoyed writing them.

Lets Get this Capitulation Thing Over with so the Bull Will Return

When analyzing a mining stock such as DROOY for valuation, there are many variables to consider. Some values, such as production numbers and balance sheet items (assets, liabilities, etc.) can be estimated with some degree of confidence (no snickering please).

I am sure that you listen to the various investment programs on national TV. I do, because I want to know the prevailing, majority view. Invariably, what most analysts think is going to be wrong.

"Jail time for Wall Street crooks," urged Amey Stone in a recent BusinessWeek On-line article.

All states now require auto owners to possess insurance. Unfortunately, there are many irresponsible ones driving without insurance, often with revoked licenses, possibly drunk, and who seem to be totally irresponsible.

The Stealth Bull Market

As with all matters of investment, everything is clear in hindsight. Had you bought gold mutual funds earlier this year, they might have appreciated more than 100 percent. Gold has risen $60 since March 2001 to the latest spot price of $326.

There was lots of second-guessing going on this past week as gold shares dove faster than Al Gore's latest popularity polls. The volatility is likely to continue. But the bears' vindication isn't.

This is a story that bears repeating. J. P. Morgan Chase & Co. (JPM-NYSE) is one of the biggest banks in the world with assets of approaching US$ 700 billion, capital of about US$ 41 billion and a market cap of US$ 71 billion.

Many market watchers, ourselves included, have been anticipating a correction or consolidation for gold and especially for gold shares. The $330 level has been touted as a major technical barrier on the upside, and so far has lived up to its billing.

We start where we always start and that is by asking the following general question. Do you get better value by being an owner of corporate America or a lender to Corporate America?

In a recent news article on the Miningweb newswire, dateline Johannesburg, it was reported that "South African gold stocks were massacred today as free-falling bullion knocked almost 8 percent off the Johannesburg Stock Exchange's gold index.

Gold is looking better all the time. A perfunctory look at the accompanying charts prove the, shall we say, omniscience of the call.

A closer look at the US gold market reveals very interesting aspects about the supply source of gold. Net gold consumption (= consumption - primary and secondary production) indicates the gold demand minus the supply from gold production.

Staggered rallying behavior . .

“If I buy a gold stock, it’s because I expect the gold price to go up.

This essay is non-specific to any Precious Metals mining sector. The reaction of a marginal mine to rising (or falling) commodity prices of their sector applies to Gold, Silver, Platinum, etc.