Gold Editorials & Commentary

We have been asked by some of our subscribers to give an opinion of the recently released report on gold bullion by the Blanchard Economic Research Unit of the precious metals sales firm Blanchard (New Orleans, LA).

Nailed Wednesday action . . . for another consecutive day of calls that defied most of the prevailing logic about this holiday-shortened trading week.

First let me make the following disclaimers. Everyone must do his or her own due diligence. Nothing in this essay should be considered investment advice. I am long gold and silver in the mining shares, options on futures, as well as physical.

Gold futures on the COMEX saw an impressive upside run this past week, closing up to $297.60 as of Friday. This is certainly a sign of underlying technical strength in gold on an immediate-term basis.

In all ages, pioneers of new ways of thinking and acting could work only because private property made contempt of the majority's ways possible - Mises in Liberty and Property

Have you ever known of an increase in government bureaucracy, spending, services, or intrusion into our life, that has ever regressed? Even local governments, when they form a new department, never, ever, see fit to send it to the rubbish heap. Never!

We sound like a broken record, but overvaluation of the stock market is so severe that we must continue to hammer away on this theme week after week. According to Decision Point the latest GAAP measured PE ratio for the S&P 500 is 44.3 times.

First let me make the following disclaimers. Everyone must do his or her own due diligence. Nothing in this essay should be considered investment advice. I am long gold and silver in the mining shares, options on futures, as well as physical.

Heaviness prevailed . .

During the past week the gold price was virtually unchanged, but since its February 8th high gold has declined $13.40 to $290.10 an ounce.

Avoid this Bear Market Rally Like the Plague

It's 2002 and the 4-year "Presidential Cycle" is due to bottom in November.

The Bush administration has been undermining the pillars of dollar policy under the management of his associates - Mr. O'Neill and Mr.

You keep hearing people say: "You can't eat gold!" Those who say that imply gold is will be totally useless. If they don't say that they say: "Well gold doesn't pay any interest." They say that to prove it would be a bad investment.

My creative prowess knows no bounds these days. I have a suggestion for Mr. Magoo and our Red Chinese Secretary of Labor on a new job classification.

Distribution of sorts . .

George is a friend of mine, (not his real name) and he is worried about how the gold owed by the banks, to the loaners, such as the Bank of England, can be repaid. George deeply fears "confiscation," which has never happened, but the myth persists.

A subscriber asks, "If the Dow manages to climb above 12000 wouldn't this mean a new bull market has begun?

IT'S THE DEBT STUPID

Not wasting a moment . .

It seems like Central Banks get a little nervous any time the price of gold starts with a three, at least that is what the timing of the statements made in a Bloomberg interview with Bundesbank President Ernst Welteke on February 12th would imply.

The J.P. Morgan/Chase derivatives overhang of some $29 TRILLION, has many "in the know," worried. Of course! Why not worry, when a huge corporate monster, has its future hanging by its gonads, thanks to absurd loans and trades.

"Economy gets good diagnosis." So read a recent headline after Fed Chairman Greenspan's attempt at calming the markets and reassuring Americans that the weak U.S. economy is due for a recovery this year, albeit a "weak" one.

Gold Price Suppression & Irrational Exuberance Run Amok

The following is the official transcript of February 27th exchange between U.S. Rep. Ron Paul, R-Texas, and Federal Reserve Chairman Alan Greenspan before the House Financial Services Committee.

A Mini-Battle Royale . . . rained across the market's plains Wednesday, as buyers and sellers -for the most part- were married to a struggle that superficially was never resolved, but was not annulled either.

In my opinion, the answer is a "YES."   The bubble peak could reach $200/oz in January/February 2003.  However, the bubble peak might be as late as  2004.   In my opinion, early signs of a silver market corner are appearing.