Blog

January 10, 2000 – Central Banks Control the Gold Market? I offered in that report what I still believe to be an accurate and exhaustive analysis of the relationship between central banks and Gold. Central banks and their influence on Gold have always been something I have monitored closely. The monograph appeared long before allRead more

December 13, 1999 – In the 1970’s a very courageous gentleman named Edward Durrell claimed that substantially all of the US Gold Reserve being stored at Ft. Knox was gone. Only 1,000 tonnes or so of the 8,500 tonnes supposedly being stored there remained. The rest had been secretly taken from Ft. Knox and shippedRead more

December 2, 1999 – This is to let you know that Kjeld Thygesen and I are no longer managing or advising the Midas Fund. As of yesterday, our contract was not renewed. That’s the bad news. The good news is that we are trying to purchase the Midas Fund management contract, and thereby re-establish ourRead more

November 22, 1999 – “We assume that the currency which is in all our hands is fixed, and that the price of bullion moves; whereas in truth, it is the currency of each nation that moves, and it is bullion which is the more fixed.” – Henry Thornton, 1802 This quote from Henry Thornton’s wonderfulRead more

Dear Mining Company Executive: I am addressing this letter to all mining companies that continue to lock in today the forward price of the Gold they plan to mine in the future. This process – which is generally called hedging – is rightfully being closely examined by investors, and the result of this careful scrutinyRead more

October 18, 1999 – The accompanying chart of the Gold price in terms of Deutschemarks is absolutely and completely breathtaking for anyone interested in the price of Gold. A truly long awaited event has just occurred. THE DOWNTREND LINE GOING BACK TO THE JANUARY 1980 HIGH HAS BEEN BROKEN. A near 20-year old trend lineRead more

October 5, 1999 – Last April in Letter #243 (“Mobilizing Gold – Here’s Comes GATA“), I introduced readers to the Gold Anti-Trust Action committee. I hope that many readers used the information contained in that letter to research GATA, read about their claims, and if they were happy with what they found, to then makeRead more

October 4, 1999 – Inarguably no tree grows to the sky. By the same logic, all bull markets eventually come to an end. And more to the important point that I would like to make, so do bear markets eventually end. As the Gold price moves higher – with each passing day leaving the $253Read more

September 23, 1999 – In a continuation of the sell-off that began a few weeks ago, the Dow Jones Industrial Average today closed down -205.47 points, breaking below key support. This break of support is an important signal that should not be ignored. Today’s action in the Dow suggests that a major top in theRead more

September 20, 1999 – “It is precisely when a free gold market is needed that most modern governments seek to suppress it. For it reflects and measures the extent of the lack of confidence in the domestic currency; and it exposes the fictitious quality of the ‘official rate’. And these are the very reasons whyRead more