Gold Editorials & Commentary

1997, 1998, and 1999 all had some dramatic times for the stock market. Each year featured days where the DJIA fell more than 500 points in a single day. And each year featured dramatic rallies after those drops. Everything changed in the year 2000.

I has often occurred to me, when encountering road construction while travelling, that the only way to appreciate what was being done would be to view the site from the air.

The recent decision on the part of the Fed to cut interest rates by 0.5% on top of a previous cut was a mistake, an assertion which will be borne out with unmistakable clarity in the months ahead.

Momentum precedes price . .

Comex net short positions soared by 50% in the week before the January 23rd Bank of England auction, the tenth in a series of 25 tonne auctions.

Sensing that our economy was about to overheat, Mr. Greenspan began to tap on the monetary breaks ever so lightly, during 2000. As a result, the 52-week growth rate in M-3 fell from over 10% toward the end of 1999 to around 6% at the end of 2000.

The outlook across the overseas stock markets, while still long-term bearish, shows considerable improvement in recent months, with several countries offering great short- to intermediate-term profit opportunities.

Ahead of Greenspeak anxiety . .

Part 1

First of all, the cruel depression of the 1930's did not begin with the stock market crash of October 1929.

For some time now, the price of gold has languished under the weight of a strong U.S. dollar. Because the dollar is the world's reserve currency and gold is priced in dollars, a strong dollar tends to depress the price of gold.

Gold-Eagle.com readers will understand if I break into a rousing chorus of "Ding, Dong, The Wicked Witch is dead", from the 1939 movie "Wizard of Oz." The amoral opportunist child king Clinton is finally gone from power.

Our extremely useful forecasting tools will enable us to make money this year when others are losing it. Remember, with every crisis there is opportunity.

The three major indexes finished down in 2000, but that doesn't tell the whole story. The most interesting aspect of the year was the constant flow of money back and forth between "old economy" and "new economy" stocks.

(*) Dow Jones Industrial Index

Remember when everything was turning Japanese? In the 1980's corporations studied Japanese manufacturing practices and tried to emulate their superior ways. Remember when the American economy reined supreme?

Rolling blackouts. . . seemed to dim the enthusiasm on Wall Street, about the same time the actual blackouts dimmed the electric lights of Northern California; but not in Southern California at all.

Here is another chart from Don Lindley that pretty much speaks for itself. COMEX gold options expire on the second Friday of each month.

Easy Al needs no introduction and neither does his polished, whether intentional or not, ability to entice investors into believing that he is the savior of the stock markets.

There is a great division among economists over where the American economy is headed.

Mainstream old-tech . .

Bill Clinton inherited a strong nation with a growing economy, a bull market in stocks and few threats from overseas. Over the past 8 years, he has undone all that.

The Man Who Accurately Called the Asian Crisis... The Collapse of Brazil's Currency... and the Internet Tech Wreck... Has Just Issued An Important Warning for ALL Investors ... You Can Safely Protect Yourself and Profit from...

In the six years since the Internet has really taken off and begun to grow popular amongst the general populace, there has been a mighty explosion in the amount of information available.

Some very significant danger signs are now becoming more obvious in the U.S. economy. Manufacturing has now joined mining as two industries already in a recession.

Investors should never bet against the Fed, of course, but this time it's mighty tempting.

U.S. Federal Reserve Bank Chairman Alan Greenspan has been sued for gold price manipulation. Deutsche Bank is also alleged to be involved in this shady business.

2000 was a year in which the stock market cult's faction was challenged.  Even horror stories have beginnings…

In the 1980s Chrysler was on its last leg. Automotive market sales had soured and Chrysler's Profit/Loss Statement was awash in red. Consequently, its stock was hammered mercilessly down to 4 bucks a share.

Happy New Year, my friends! This is John van Eck speaking to you on January 2, 2001. Our next Update will be on January 16, 2001.