The Gold Report

The Gold Report: You and David Smith recently wrote a piece titled “Gold and Silver: Heading for a Blue Screen of Death Event.” You compared the gut-wrenching panic of suddenly facing a computer that stops working with a precious metals market that seems frozen, in the case of gold, in sub-$1,200/ounce ($1,200/oz) limbo. But then […]

The Gold Report: You recently observed in your newsletter that gold has been acting more like a commodity, like pork bellies, than like a currency. That misclassification has discounted the value of precious metals, depressing the price. Why do you think that is? Louis James: Commodities, as a group, tend to move together. We see

Joe McAlinden, founder of McAlinden Research Partners and former chief global strategist with Morgan Stanley Investment Management, was disappointed that the Fed “blinked.” He called the decision irresponsible and attributed it to worries about China’s growth. The veteran investor saw the status quo as bullish for precious metals and oil, but warned, “As the Fed

The Gold Report: In honor of Labor Day, let’s discuss unemployment. You estimated that when all workers are counted, the unemployment rate in July was 23% compared to the government’s reported rate of 5.4%. What is different about the job market today than before the recession? John Williams: In a normal economic recovery, people who

The Gold Report: You are based in Australia where iron ore and coal are the dominant mined commodities. A recent Morgans research report said, “We need to see demand-linked data improve, or at least stop getting worse, for the Chinese steel industry for us to gain any confidence” in iron ore market fundamentals. Has there

The Gold Report: In a recent article, you argued that investors in the West will find their way to gold when the new reality dawns on them that losing a bit of money to preserve the rest is “a good deal.” Please explain further. Jayant Bhandari: What has to happen does not have to happen

The Gold Report: You recently implied in an article titled “The Cocked Trigger” in Gold Newsletter that the current prevalence of short gold positions is actually a good thing for gold prices, especially if the Federal Reserve raises rates. That goes against everything we’ve been led to believe. Why do you say that? Brien Lundin: