Blog

Feb 10, 2006 – In my previous alerts I explained that precious metal bull markets “are caused by people looking for a safe haven from national currency”. I went on to note that during these bull markets, this “rising monetary demand on the margin will have a greater positive impact on silver than on gold”.Read more

February 6, 2006 – When you follow the markets with as much careful and continuous attention as I do, it’s inevitable that you end up hearing a lot of nonsense.  The trick is to separate the nonsense from the good stuff – to separate the wheat from the chaff. There are no easy ways toRead more

January 23, 2006 – A couple of years ago I read Empire: the Rise and Demise of the British World Order and the Lessons for Global Power by British historian and best-selling author Niall Ferguson.  It was an interesting read, as the book provided not only an overview of the major milestones in Britain’s historyRead more

Jan 20, 2006 – Silver is frequently said to play “second fiddle” to gold, but this characterization is not only incorrect, it can seriously mislead anyone trying to consider the potential for silver in the years ahead. In the last alert, I included a table which presented gold’s performance over the past five years. IRead more

January 9, 2006 – As we begin this new year, there is a lot to ponder over and worry about.  High on this list is the imminent departure of Alan Greenspan from the Federal Reserve, and the appointment of Ben Bernanke as his replacement. Barron’s last week quoted Stephanie Pomboy of MacroMavens (4 Columbus Circle,Read more

December 19, 2005 – I wrote my last commentary when gold was $503, having just broken above the $500 level the day before to make a new 22-year high. Notwithstanding gold’s outstanding achievement, a lot of bearish sentiment prevailed, with nearly everyone expecting gold to have a hard time climbing any further. Many pundits wereRead more

December 5, 2005 – It finally happened. Gold has climbed above $500 per ounce ($16.08 per goldgram), and settled in New York this past Friday at $503.30. That’s the highest close for gold since February 18th, 1983, almost twenty-three years ago. We can say therefore that gold is trading at a 22-year high, but IRead more

November 14, 2005 – Last week as I sat at my desk pounding away on my computer, a news ‘flash’ on CNBC caught my attention. But instead of some earth-shattering development, there was Alan Greenspan – looking quite smug and content – receiving the Presidential Medal of Freedom. As I watched more closely, I noticedRead more

October 31, 2005 – We all have heard of Ben Bernacke, who president Bush just recently appointed to be chairman of the Federal Reserve to succeed ‘Bubbles’ Greenspan when he steps down in January. But who is Bill Miller? Probably not one person in a hundred can answer that question, so don’t feel bad ifRead more

October 17, 2005 – For months formidable forces of inflation and other forms of monetary debasement have been gathering at a frightening pace. Rising energy prices, out-of-control federal spending, and a growing mountain of debt are just some of the more visible problems. So how does the Federal Reserve – the guardian of the USRead more