Blog

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

September 14, 1999 – There have been several important events in the Gold market in recent days. Do not be misled by the lackluster Gold price, which has remained fairly tame and within a narrow $253-$258 trading range. I will provide a brief update in this interim report, and I will probably have more toRead more

August 30, 1999 – There are two sides to the Gold market. One is the paper side, which encompasses all transactions denominated in terms of Gold for which the metal never changes hands. The other is the physical side, meaning that a transaction actually involves a change in ownership of Gold bullion, i.e., physical metal.Read more

August 17, 1999 – When I began email subscriptions a couple of years ago, I told subscribers that they would eventually receive more than just speedy delivery. Periodic interim bulletins would also be part of the new email service. I envisioned that these bulletins would be of two types. First, if there were important marketRead more

August 16, 1999 – In 1869, Jim Fisk and Jay Gould tried to corner the gold market, and for a time, this notorious duo succeeded. It is a fascinating story that is relevant to what is happening in the gold market today. At the time, the dollar was on the Gold Standard and still definedRead more