Gold futures on the COMEX have soared impressively over the past two days and have broken above benchmark $300 resistance, on an intra-day basis, even before we anticipated in our last commentary.
Gold Editorials & Commentary
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February 8, 2002
Are technology stocks on the mend? For those with controlled debt, that's more or less precisely the prospect of this whole era, believing September 20-21st lows were an absolutely spectacular buying opportunity, while dangers of short
February 7, 2002
Since our last update, bullion dipped near long-term support levels at $278, but quickly reversed course to end the week with an impressive $3.90 rally on Friday to close at $286.00.
(For Joy Foundation, which I mentioned last week, I forgot to mention the name of the rep. Call Paul Nystrom, at 1-970-249-1902 if you are interested)
Patiently shining your coins, and bullion may be a wiser pursuit than currently buying most gold stocks.
February 5, 2002
After years of denial and complacency, Americans are finally starting to realize that the U.S. financial system is one megalithic house of cards on the brink of collapse. Enron has been the headline rage of late and derivatives were its undoing.
It's easy to be confused by the mass of conflicting economic data these days. You don't even have to be an educated economist to sound like an idiot, although a college education is always helpful.
Before a self-righteous Congress tears Enron apart for its accounting lies, our elected officials should not forget that they are among the biggest liars of all.
In my last article (see reference [1]), I presented an assessment of the status of the long period cycle associated with the flow of investment capital between equities and other paper assets and ha
February 4, 2002
March 2002 gold futures on the COMEX have given the preliminary signal that our forecasted 2002 gold bull market will shortly begin.
February 1, 2002
No surprise to readers here . .
January 31, 2002
In the hundreds of cases, when the money in use becomes worthless, it is ALWAYS government that debases, and eventually kills it altogether. There is not a single case in recorded history, of a paper currency that did not inflate, and become worthless.
Up to this point in the presentation the K-Wave has been explored and the conclusion reached was that the fall season has been extended well beyond historical norms.
January 30, 2002
Our Model Portfolio is up 6.20% during first twenty-five days of 2002, while the S&P 500 has declined by 1.29%. Leading the way are energy stocks (+25%); Producing and non producing junior gold mining shares (+21%); and technology (+13%).
In 1998, as he began www.LeMetropoleCafe.com , his Internet site of financial commentary, Bill Murphy noticed that the gold market wasn't trading as normal markets do.
January 25, 2002
A wondrous portal opened wide,
As if a cavern was suddenly hollowed:
And the Piper advanced and the children followed,
A valuable contribution to market analysis . .
January 2002 surely will be known as "The Month That Was." This month encompassed the denouement of the Enron saga, as well as the anticlimax of the Argentine peso and the disparagement of the absurd currency board concept which had anchored the peso to a ship
Almost exactly a year ago, I wrote a column for GOLD-EAGLE, titled "Diary of a Depression." You can see it by clicking the title just mentioned, or on "also by Don Stott" at the bottom of the page, and accessin
The investment case for gold centers on the notion that the over valuation and excessive supply of the US currency has funded a decade’s worth of uneconomic investment and unsustainable consumption.
January 24, 2002
January 23, 2002
There's nothing like one of my doom and gloom essays to bring out the flaming emails. No problem though cause I'm tough. Several of you aren't convinced an economic crisis faces the globe and the United States in the next six months. Fair enough.
According to the previous presentation, I had concluded based upon the data and analysis provided by David Knox Barker that the US economy was entering the final phase of the long wave cycle - winter.
January 22, 2002
A torrent of investment advisors and financial analysts screaming have been loudly proclaiming that a "new bull market" was born on Sept. 21, and that a financial and economic recovery will unfold this year.
January 21, 2002
Let’s think about economic life around the world, as it was one hundred years ago – a very short time ago, in historical terms.
January 19, 2002
In his occasional paper THE RETURN TO GOLD 1925, Cambridge University scholar, Donald E.
January 18, 2002
A taste of 'bear' . . . has many speculating that something is amiss here. Well, there is something 'amiss'; but it's nothing new.
A notation first. Last week, I wrote of the Japanese, who had saved their surplus assets in yen, and who are now losing. A few were wise. Gold sales around the world, increased by 17% in the third quarter of 2001. In Japan, gold consumption increased by 91%.
January 17, 2002
The broad market has already given us a taste of what the overall market environmental will be like for 2002 with the Dow's steady six-day decline, accompanied by the sell-off of a number of leading indicator stocks and blue-chip bellwethers.
January 16, 2002
Following is a random list of observations, notes and predictions we have made in the initial days in 2002, which we feel are adequate considerations for the overall market environment in the months ahead.