Gold Editorials & Commentary

"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.

Who didn't see that sell off in the Dow Monday? Looks like we need a fresh scapegoat.

Central banks are said to have lent their gold for about 1% per annum - the cheapest borrowed money on earth. They have not reported these loans as sales meaning their official gold reserves remain constant. But the leased gold is gone.

Over the past two weeks, two major U.S. institutions told their clients to sell gold and gold shares because the said they believed the move in gold was all but over.

 "I considered the horns, and, behold, there came up among them another little horn, before whom there were three of the first horns plucked up by the roots… Then I would know the truth of the fourth beast…and of the ten horns that were

Since September 11th, I have suggested that the investment emphasis was poised for change. This was not based upon the terrorist attack alone, however the new war does serve to accelerate and expand the mood swing.

Everyone has faith in something. Absolutely everyone. Most of us have faith in our parents, if they still live, as they were our guiding lights when we were growing to adulthood.

Good evening;

Gold and gold mining shares have regained their position as an important and accepted asset class and superior safe-haven investment in times of uncertainty and trouble.

With the passing of Memorial Day the stock markets have unofficially entered the summer doldrums, or a period of time leading into September when traders take vacations, investors spend some time buying suntan lotion rather than stocks, and interest/volume disa

India has the highest demand for gold in the world and more than 90% of this gold is acquired in the form of jewellery.

Drowning in U.S. Dollars

Gold is getting hot and the environment is ripe for a sustained rise. Gold hit another over two year high for the fourth time since February and the bull market is gaining steam. Gold shares soared even more. As a group they're up 60% this year.

Right here in our late May turning point time frame, the U.S. Dollar is accelerating down to new lows, gold is blowing out to new highs (along with gold stocks), and the stock market is slumping.