Tuesday, March 27, 2007

Gold commentary

We've got some gold-focused commentary to share with you today. Let's get to it.

This first piece is an editorial from I.M. Vronsky of the Gold-Eagle website, entitled, "Echoes From The PastMay Illuminate Your Future Path To Wealth".

This article was mentioned by Richard Russell in a recent commentary to his Dow Theory Letters subscribers, so I figure we ought to take a look at it too. And from what I gather, Mr. Vronsky is bullish on gold...

The next piece comes from John Mauldin's "Outside The Box" letter. In, "Macro-Markets: Gold Trading Boot Camp", Greg Weldon talks about his new book and the importance of gold.

Here's an excerpt:

In my new book, "Gold Trading Boot Camp: Master the Basics and Become a Successful Commodities Investor", I cite four 'realities' around which ALL of the current macro-market movements occur. They are:

Every single day for more than thirty years, since the abolishment of the "gold standard" (and before), global imbalances that are linked to trade, savings, reserves, exports, output, consumption, income, and credit-debt, have intensified, and, have reached a new peak level of imbalance.

The global economy is incestuously codependent in its reliance on the US consumer, and thus the health of the global economy is now dependent on the health of the US housing market, and continued creation of credit.

The global economy is thus dependent on a perpetual debasement of the US Dollar, which leads all paper currencies to devaluation relative to gold, as the only means to avoid a catastrophic debt deflation, credit contraction, and global recession-depression.

Someday, things will change.

Want more? Follow the links to see the rest, and good reading!