Gold Editorials & Commentary

THE YUAN, THE EURO, TAXES, AND GOLD

Question: what do the euro, the yuan, taxes, and gold have in common?

Answer: they all determine the future economic viability of the United States.

This article provides a final "in-depth" assessment of Silver and Silver related equities as investment opportunities over the coming years.

During the first half of 2003, gold and gold shares consolidated their considerable gains of 2002. After running up to $390/oz. in anticipation of Gulf War II in early February, gold entered a sharp correction, which completed its course by the end of March.

For years I've kept wondering how the major mining companies will be able to keep up their rate of production, never mind expanding it.

I am an individual investor that has been following the evolving silver story for the past 19 years. Being curious about how high silver prices might eventually go, I began making a list of the APPROACHING FORCES that will likely contribute to higher prices.

During testimony before the House Financial Services committee last week, Federal Reserve Chairman Alan Greenspan indicated that he is prepared to maintain low interest rates for “as long as it takes” to energize the listless economy.

Our reasons for focussing so closely on Silver at the current time are threefold:

Some outstanding points are made in the Puplava article.

Just want to mention a few before my brief thoughts on contrarian investing:

At the time that I wrote my first Gold-Eagle article (August 6th 2002) I was nervous that the world economy might be heading towards a "train crash", but I was fairly optimistic that the train crash could be avoided.

As far as our longer-term (12 months or longer) views are concerned it is usually possible for us to lay out in clear, concise terms, what we think is going to happen and why it is going to happen that way.

In the past week, the silver price rose, and the "traders" once again attempted to cash in, but Open Interest rose only modestly, as traders demonstrated a bit more tentativeness than they have historically demonstrated.

I promised to share with you some of the terrific letters I’ve received in response to my query about whether we should be worried about restrictions on gold ownership.

No, I didn’t stutter and strike the “1” key twice. George Washington was indeed the 11th president of the United States.

Home page: http://www.goldcorp.com

There have been two very interesting developments in the past week:

1. Silver’s Daily Open Interest on Comex dropped to almost zero (See red line at bottom of chart)

“Changing the Fed's monetary tactics may help, but the System needs basic reform. We should end its money-creating powers, make it a bureau of the Treasury, and freeze the quantity of high-powered money.”

In the last twenty and more years, gold has been insulted, belittled, called a "Barbarous Relic" , a mere commodity and treated with disdain, whilst being on the end of a campaign to reduce its U.S. price.

"You are a den of vipers and thieves.

I intend to rout you out, and by the Eternal God, I will rout you out."

President Andrew Jackson,

stated in reference to the wildcat bankers of his day

Introduction

Got married in 1960. Bought a house even before that. We've owned various types of real estate during the past 43 years and did fairly well financially with most of them.

An enormous amount of mind-space has been given to arguing the pros and cons of whether we are in an upward reaction within a Primary Bear Market or whether we are entering a Primary Bull Market, but very few commentators appear to understand what is happening

I recently had an opportunity to hear testimony by Federal Reserve Chairman Alan Greenspan at a hearing of the Joint Economic committee. I always relish the opportunity to question Mr.

While the echo bubble in general equities booms, fueled by the blundering fools who must have slept through the hard valuation lessons of NASDAQ 2000, the stealth bull market in gold stocks continues unabated.

To the Honorable Ron Paul

U.S. House of Representatives

Washington, D.C.

June 10, 2003

Dear Dr. Paul:

This following extract of Richard Russell daily newsletters points to the corner stone of the future of the economy.

Trading Rules

All stock market sectors have their own unique criteria and set of rules for both valuation and for trading specific securities.

The chorus calling for the Fed to facilitate higher money-supply growth has become deafening. Jude Wanniski and Larry Kudlow have been long-term members of this chorus, while gold market commentator and veteran trader Jim Sinclair has just added his voice.