Blog

July 27, 2004 – How does the gold cartel pick pockets?  One way works like this.  There is a huge pool of capital – running well into the tens of billions – that trades the commodity markets.  When leveraged, this capital can have the impact of hundreds of billions of dollars. Much of this capital is tradedRead more

July 26, 2004 – I hope that you subscribe to and read the gold market commentaries of Bill Murphy and his associates that are posted almost daily at www.lemetropolecafe.com. They are first-rate. Not only are they informative, they provide in my view real and valuable insight about what is happening within the gold market fromRead more

July 12, 2004 – It was both a privilege and a pleasure to attend this past Friday the first meeting of the Single Global Currency Assn. (www.theunionleader.com).  The meeting was the idea of Morrison Bonpasse, founder of the SGCA, which held their conference at the beautiful Mount Washington Hotel & Resort in Bretton Woods, NewRead more

June 14, 2004 – A recent report crossed my desk by Dr. Marc Faber, editor of the Gloom Boom & Doom Report. I first met Marc nearly twenty years ago when I was in the Middle East, and I have always very much valued his big-picture vision of markets and economies around the world. SoRead more

May 24, 2004 – ‘Leverage’ is a generic term applied to debt that is applied to and used in trading and investment positions. For example, if you use $10,000 of your savings to buy stocks, and then use these stocks to borrow another $10,000, you have leveraged your position. Or as it applies to goldRead more

May 10, 2004 – Catching up on my reading last week, I was very much taken by comments made recently by Congressman Ron Paul of Texas. From his position on the House Banking Committee, he has over the years rightly criticized this country’s fiat currency monetary system. Given that the Federal Reserve is the heartRead more

April 19, 2004 – Judging from the volume of emails I have received, it seems that most everyone has heard about the hysterical anti-gold rant in the April 16th issue of the Financial Times. Entitled “Going, going, gold”, this unsigned editorial is by far the FT’s most strident anti-gold harangue, which is probably purposeful –Read more

April 5, 2004 – Take a close look at the accompanying chart of the CRB Index of commodity prices. This chart is familiar to long-time readers. I have also written about it in my GoldMoney alerts. See:GoldMoney.com In that alert posted on January 6th I said: “Importantly, the CRB Index has broken out of theRead more

March 15, 2004 – On March 8th the European Central Bank and 14 of Europe’s national central banks made the following announcement – www.ecb.int “In the interest of clarifying their intentions with respect to their gold holdings, the undersigned institutions make the following statement: 1. Gold will remain an important element of global monetary reserves.Read more

March 1, 2004 – An article in the February 26th issue of The Economist addresses the issue head-on. Even its title is provocative, “Heading for a fall, by fiat?”, and its subtitle appears even more confrontational, “The trouble with paper money”. The entire article is posted at the following link: www.economist.com. Long-time readers of theseRead more