Blog

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

October 3, 2005 – All of the pieces of the puzzle are falling into place neatly and pretty much on schedule. When the puzzle is finished, it will show a clear picture of gold’s bull market. The first piece of the puzzle was gold’s climb against the weakest currency, namely the US dollar. Then one-by-oneRead more

September 19, 2005 – The title of the last newsletter was “Get Ready!” I intended this one to be entitled “Get Set!”, with “Go!” for the third letter coming after that in early October. However, gold has moved up more quickly than I anticipated, so for this letter, two titles are being rolled into oneRead more

Sept 14, 2005  – I’m no fan of John Maynard Keynes. I find most of his economic theories to be just plain wrong. But for the sake of truth and accuracy, I would like to correct a terrible injustice levied upon Keynes, and at the same time also correct an equally terrible injustice that isRead more

August 29, 2005 – It seems like yesterday, but it was six years ago when after describing the gold squeeze engineered by legendary traders Jim Fisk and Jay Gould in 1869, I wrote the following on August 16th 1999: “I believe that within two weeks, another gold squeeze will start from the depths of aRead more

August 1, 2005 – The Fear Index is my most important analytical tool for evaluating gold. It’s like a trusty compass that one might take on a hike. The Fear Index points the direction gold is taking, and therefore alerts us as to how we should be structuring our portfolios. When the Fear Index isRead more

July 27, 2005 – I carefully explained in the last letter how the gold cartel has been picking the pockets of gold traders.  We’ve just been given another example of their diabolical scheme.  We even have the proof.  The Commitment of Traders report shows the huge swing in open interest that resulted from traders reversing theirRead more