Markets / Other

May 23, 2003 at 00:00

As investors in South African gold stocks have found over the past several years, changes in currency exchange rates can have a huge effect on the prices of gold stocks.…

May 05, 2003 at 00:00

On a related matter, studies of long-term cycles by the famous Russian economist Kondratieff and others have shown that both the frequency and amplitude of military conflicts tend to increase…

May 12, 2003 at 00:00

When the Fed talks about inflation it doesn't mean inflation in the correct sense (an increase in the money supply), it is referring to rising prices for goods and services.…

May 02, 2003 at 00:00

Over the past week we've seen the first bearish action in the major gold stocks since the Amex Gold BUGS Index (HUI) bottomed on 13th March. We say this not…

Apr 20, 2003 at 00:00

We can get some sense of where we are in the dollar's current bear market by looking at a long-term chart of the US$ relative to the Swiss Franc (SF).…

Apr 14, 2003 at 00:00

We spend a lot of time discussing the relationship between gold and the US$, not just because the trend for the US$ is by far the most important influence on…

Mar 24, 2003 at 00:00

Firstly, the correction in the gold price and the gold sector of the stock market has been deeper than we had originally expected. Our view, a few weeks ago, was…

Mar 11, 2003 at 00:00

If the Fed stuck to its traditional modus operandi and simply adjusted bank reserves in order to maintain a short-term interest rate (the Fed Funds Rate) at some arbitrary target…

Mar 05, 2003 at 00:00

The US has had a high inflation rate (money supply growth rate) for years, but the inflation has remained off the radar screens of most analysts and commentators because it…

Jun 12, 2003 at 00:00

In the stock market, there is always something leading that looks obvious in hindsight. The topping of the advance decline line in the Spring of 1998 foreshadowed the greatest bull…