Gold Editorials & Commentary

On Monday of this past week, my good friend James Turk, editor of "The Freemarket Gold & Money Report" revealed more compelling evidence that the U.S. government has been swapping its own gold to other nations.

Part 1

Steven C. Kennedy

January 2002

Let's suppose that there were a group of free-wheeling, wealthy Texans that saw a way to make an easy billion. They were already dealing with commodities, such as oil, so they understood the volatile nature of this business.

Many investors are now once again starting to watch the American gold market and are asking themselves the question, “Has the market bottomed out, and is the market now in the very early stages of the next major bull market”.  On the surface it appears that the

I titled this "Kitchen Table Talk" because I have had variations of the following conversations at the table and because this is where the grassroots movement has to come from in order to turn our society around.

Lots of 'close shaves' in our world. .

The Great American Economic finish line was 12-31-01. For many, many economic entities the dying will come quickly now that the new year has started.

I was going to go on to other currencies this week, leaving Japan alone, but it turns out I haven't finished with Japan. Or rather, Japan hasn't finished with itself…if indeed it can survive its current crisis. A correction first.

A massive and historic shift in wealth is taking place across the globe which will have profound effects on the financial markets this year and beyond.

From the transcript of the minutes of the Federal Open Market Committee on March 26, 1991 (www.federalreserve.gov/fomc/transcripts/1991/910326Meeting.

Till the advent of fiat money, the finances of man have always followed a certain historical sequence. The people produce the wealth. And the king receives his share, which his barons collect for him for a fee.

From time to time we are told scary stories of foundering economies. There have been more of them than I can recount offhand, although the Mexican economic problem sticks in my mind.

The money being pumped into the economy has to go somewhere so why not stocks? Where else will those with an abundance of money put it? I remember years ago arguing with a petroleum engineer I used to set next to when I worked at ING Barings.

An auspicious beginning to 2002 . .

While the term "money," doesn't indicate life, it is necessary, for civilization as we know it, to exist.

Napoleon once remarked that he would prefer that his generals have luck rather than skill under the theory that you can sometimes beat skill but you can never beat luck.

The recent sell-off in the U.S. government bond market provides an early warning that a crisis of far greater magnitude will befall investors in 2002.

This is a quickie, just to wish one and all a most happy and prosperous New Year!

Most natural phenomena exhibit some sort of regular rhythms. From the change of seasons to the beat of a human heart, cycles dominate much of life. Study of repeating cycles extends to almost every scientific discipline.

It's time once again for our annual stock market/gold mining forecast for the coming year.

Strong Dollar is Hurtling the Global Economy Toward Oblivion

At least one issue about gold remains a sticking point. Gold is not just a commodity; it is a monetary asset. Countries do have the right deal in their monetary assets.

Immediate long-side trading . . . commenced upon traders post-Christmas holiday return; very much as expected, given the comparatively abbreviated trading week we have to work with.

The dollar gold bullion price during the last two weeks resumed its upward trend, which began last April, closing on Friday at $278 an ounce, 1.4 % above our last Update.

I find my mind is becoming more elastic these days, as in the silly putty toy of my youth. So much insanity to write about; so much insanity unfolding around me.

So, the Argentinean economy has collapsed and social and financial chaos reigns.

The recent Argentine debt fiasco is but a small sample of a problem that will spread rapidly in 2002 and in coming years to countries plagued by debt and unsound currencies, but especially those countries who refuse to tow the line and yield to the demands of i