Blog

April 29, 2002 – One of the most basic premises about which I have been writing for years is about to be tested. Will we get a flight from the dollar or will there be some other alternative? The moment of truth is rapidly approaching. It has been one of my basic contentions that argumentsRead more

April 1, 2002 – The long awaited ruling from Judge Lindsay has arrived. All claims against the Bank for International Settlements (BIS) and the other defendants have been dismissed. When I received this news, my initial reactions weredismay and disappointment, but I was also surprised. The wrong doing by the Defendants appears so clear-cut, andRead more

March 18, 2002 – I’ve been completely stonewalled by the Federal Reserve. Alan Greenspan has not responded to my letters. So my questions to the Federal Reserve remain unanswered. I don’t like being treated like that, particularly when my questions touch upon matters of accurately reporting facts to the American people. Consequently, I am pursuingRead more

March 4, 2002 – The Fear Index is my most trusted model upon which I rely to establish gold’s relative value. I report the Fear Index in each letter, along with its 21-month moving average (see the data at the top of Page 4). But I haven’t looked at the Fear Index in detail sinceRead more

February 20, 2002 – In just a few weeks the Bank of England will conclude the bi-monthly gold sales that it began in 1999. I’ve been thinking a lot about this forthcoming last sale, which is due next month. And I’ve been asking myself, what do the central banks have planned now? What will beRead more

February 11, 2002 – Argentina’s debt default and economic bust has been moved out of the headlines by the collapse of Enron, as if one debacle was not related to the other. But these two seemingly disparate events are actually very much related. They both highlight the fragility of today’s money and banking system, whichRead more

January 28, 2002 – It happened yet again. That same $292 barrier that has stopped so many rallies in the past has proven insurmountable yet one more time. I’ve lost count how many times that has happened. As the price started falling back over the last week or two I have been asked several timesRead more

January 7, 2002 – A few weeks ago I received an interesting email from Andrew Hepburn. He is a diligent researcher who has done yeoman’s work for www.GATA.org, an organization formed for one purpose – to find the truth about who is keeping a lid on the gold price. Andrew and I recently have beenRead more

December 17, 2001 – The above title might be somewhat premature. Complete control may not yet have been lost, so instead, it is perhaps more accurate to say that the Fed is losing control. And then again, maybe even a further refinement is necessary, changing Fed to feds. This additional change is needed because itRead more

November 26, 2001 – Newmont Mining has made a bid to become the world’s #1 gold mining company as measured by annual production and reserves. It is a brilliant strategic move. Newmont has announced its intention to acquire Normandy Mining and Franco-Nevada. If this proposed acquisition is approved by shareholders of the different companies asRead more