In an effort to present my thoughts on where we might be in the markets and the economy right now, please allow me to recount an experience I had as a wee lad.
Gold Editorials & Commentary
Gold-Eagle gold and precious metal news, market analysis and editorials from world renowned gold analysts and market experts. Stay informed with the latest news and analyses on gold prices and perspectives on the economy to guide your investing decisions.
April 23, 2001
This past December in "The Smoking Gun" I provided substantive proof that the Exchange Stabilization Fund was intervening in the gold market.
April 19, 2001
Couldn't have scripted it better. . .
Gold producers around the world have been invited to the GATA African Gold Summit in Durban, South Africa, on May 10.
All readers of GOLD-EAGLE know, I hope, that inflation is caused by increasing the supply of "money," regardless of what form it may take.
April 13, 2001
I guess the American consumers simply refuse to let go. In my last essay I reversed what I was trying to say about consumer confidence. Hey I'm free. And thanks for the surly emails accusing me of being too cynical. Now where would anyone get that idea?
April 12, 2001
Gold closed the week ending April 6th at $260.00. The bears have been out in force, as evidenced by the steep 1.8 million ounce increase in net short position on Comex. On March 30th gold tested its 20-year lows by dropping below $255 intraday.
My father's father made leather goods; especially saddles, bridles, and other necessities for horses. I still have a few of his leather-working tools in the basement, and when I need to make a new hole in a belt, Grandfather's tools still work fine.
The bullish alternative . . . was outlined last in last Thursday's nightly report, as the (ironic to some) probability of having Friday's market take a drubbing after the huge run-up the prior day.
How do you analyze a manipulated gold market is the question Bill Murphy and many more of us on the long side of the market have been asking for some time now.
April 10, 2001
The one word that I have assiduously avoided using in my daily newsletter, Black Box Forecasts is "hope." When we hold a stock, futures or options position that is going against us, I might say that it will take some luck to get us out of the hole, or that we c
April 9, 2001
We all remember the tale of the weaver who made a wonderful cloth which was invisible to one of royal birth or of the nobility.
Peter Warburton is the author of ‘Debt and Delusion’, Penguin, 2000.
April 8, 2001
April 6, 2001
Memo To: Washington Times Letters Editor
From: Jude Wanniski
Re: Gold and the Great Depression
The Nightmare on Wall Street . . . hasn't ended, though a unanimity of bearishness makes one ponder when something beyond a series of unsustainable intraday rallies occurs.
If the global system twitches anymore, it will be confused with a cow suffering from mad cow disease. Maybe we should call it mad economy disease with the chief vet being Mr. Magoo. Mr.
April 5, 2001
No question, yesterday's broad decline was a mean body blow to millions of investors.
April 3, 2001
This article is the first in a series showing how the ideas proposed by the futurist Harry Dent (when carefully developed) support the contention that the secular bear market predicted by Dent to begin in the 2007-2010 time frame actually should have begun in t
March 31, 2001
Emerging from an enforced slumber . . . the bears were expected to return yesterday, and did.
March 29, 2001
Notwithstanding vast differences, gold, paper and credit have one common feature which is that virtually all the gold that has been produced and most of the paper instruments that have been issued are still outstanding.
March 26, 2001
To understand what might force an end to the gold manipulation scheme, it might be instructive to again examine the economic motives put in place by the central banks to make it worth while for the bullion banks to play the game.
March 23, 2001
Trench warfare . . . dominated the front-lines of the stock market's battlefield; while back in the bunkers there is a decidedly more mixed (and interesting) combination of forces arrayed.
I honestly wish I could agree with the P.C. (non-Austrian) "economists," who today seem to believe that we are dependent upon Japan! This is about as true as saying that we are dependent on blood sucking welfare recipients for our economic health.
March 20, 2001
Not surprising to me at least, the U.S. Treasury filed a motion to dismiss the lawsuit brought against it by Reginald Howe, which cites among other charges, manipulation of the gold market. This is almost an automatic requirement of the Treasury.
March 19, 2001
It is becoming apparent that the Gold Cartel is going to have to be blown out of the water.
"Government statistics continue to tell us that price inflation is not a problem, and when an inflation statistic comes out it does not like, it drops out food and energy and claims the number is totally benign.
March 17, 2001
In today's high-risk, extremely volatile market environment where fortunes accumulated over a lifetime can disappear overnight, the ability to accurately forecast short-term market swings is an asset worth its weight in gold.
March 16, 2001
What is the sensible contrarian to do? A tough question, to be sure. Unfortunately, there is no intellectualizing the contrarian point of view, since it's an instinct that comes right from the gut.
Beware the ides of March? Or would that be akin to merely panic after little is left unknown about the market's condition?