Gold Editorials & Commentary

Selling into a benign CPI rally. . . was the call for early Wednesday, if that was the way the CPI number came in, and it did; though there's no doubt we view price levels higher than "massaged" data being officially reported today.

After the Problems Of 1980s, The Easy Money 1990s Helped Create A Stock Market Bubble. Then, The Fed Got Worried.

Last month an analysis of monthly charts showed that gold was near support in dollar terms as well as in Yen. Given the strength of the Yen, the latter finding is particularly important as is explained later.

Every now and then a market comes along which presents so few clues as to its preferred trend that it becomes almost impossible interpret until a decisive breakout occurs. The present market is just such an example.

Many people, like myself, consider the Internet one of mankind's greatest technological marvels. In terms of the medium's impact on present and future commerce and business success and failure, we are truly witnessing a unique time in world history.

panicn1 : a sudden overpowering fright; esp : a sudden unreasoning terror often accompanied by mass flight 2 : a sudden widespread fright concerning financial affairs and resulting in a depression of values caused by violent measures fo

The outlook for precious metals and precious metals stocks remains mixed, and bearish overtones continue to hang over the market to be sure. But based on our reading of the tape there is light at the end of the tunnel.

The broad U.S. equities market continues to display serious technical weakness on a short-term and intermediate-term basis, but the bulls of Wall Street continue to fight to keep the bull market intact.

It is fascinating to me that much of what we have covered at the Cafe over the past year is starting to synchronize and boil over.

The only purchasers of the Bank of England's gold sale were the 12 market makers and 50 ordinary members of the London Bullion Market Association (LBMA).

What a day! Goldman Sachs sat on the gold market (what else is new?), as gold rallied only $1.10 while the dollar swooned again, bond yields rose, and the stock market dived. Silver put in a better performance and rallied 7 cents.

Activity somewhat mimicked Tuesday . .

We last looked at monthly charts of the gold price and related prices to set certain parameters for gold. With the next month end approaching, we can revisit those prices to see how they are shaping up for the end of August

Think about this great business idea for a minute. Let's borrow some surplus stuff and sell it for whatever we can get. We'll buy a futures contract to get it back at some certain future date, so we're covered.

Is the market thumbing its nose at reality? In a fundamental sense, yes; in a technical sense, no; and from a seasonal sense, this goes on mostly as it should for all the enumerated reasons, that the Daily Briefing has outlined.

The dismal science will never be the same if economist, Dr. Kurt Richebacher's dire predictions for the global economy should come to pass.

The broad U.S. equities market, as measured by the Dow Jones Industrials and NASDAQ Composite, flashed a bearish signal late last week and will likely experience weakness over the next several days.

Technicals

It was not a whole lot of fun but we are, nonetheless, happy to have another option expiration week behind us. For the week, the Dow gained 127 points, or just over 1%.

To fully appreciate the occult meaning and especially the real purpose of the Federal Reserve Board's study on gold, we

Efforts to fill a "gap" . .

In a just world, it would be accepted as axiomatic that any movement toward tax relief amongst a people as heavily taxed as we are, would be greeted with cries of joy; and any politician who opposed it would forfeit any chance of election.

Every dog has his day, the old saying goes, and gold will be getting his in the weeks immediately ahead.

Recovering from the deeply over-sold conditions of the past several weeks, the U.S.

What will result from the ensuing bust:

Southern Era just discovered what it's like to get worked over by elitists, namely De Beers. Southern Era has a high grade diamond-rich kimberlite pipe, with a two year life.

Proximity concerns . .

Gold stocks: the real leverage!

Part I

Market Plunges, Signals Change In Psychology

The U.S. equities market last week resumed its technical weakness but provided further clues as to where its intermediate-term trend may be pointing.