Blog

Noverm 27, 2000 – Though I have not written about my proprietary Fear Index for awhile, I have not been ignoring this important indicator. I continue to follow its movement from month-to-month very closely, and I recommend that you follow it closely as well. For your convenience, I include the latest monthly value of theRead more

November 13, 2000 – To ask what something is worth is to ask a question that will result in a lot of different answers. After all, we are all aware of the self-evidently truthful adage that one man’s junk is another man’s treasure. So something’s worth – its essential value – is determined by eachRead more

October 30, 2000 – Back on August 7th in Letter No. 268 I alerted readers to some of the accounting gimmicks being employed by both Cisco Systems and Microsoft. Since then, various reports about their devious accounting practices have presented a damning picture for both companies. Looking first at Microsoft, a chilling article on OctoberRead more

What’s happening to the stocks of the Gold mining companies? It’s a question being asked a lot these days as the stocks of these companies sink to new lows, even as the Gold price holds the $270 area. I think the following reasons explain what is happening. 1) Tax-Loss Selling – The fourth quarter isRead more

October 16, 2000 – Most everyone assumes that a crash in the stock market is the Federal Reserve’s worst nightmare. There are many sound reasons to reach this conclusion, including the following: 1) The stock market has played a central role in the so-called ‘new economy’ that supposedly has boosted productivity and wealth creation withoutRead more

September 25, 2000 – In recent weeks I have received a number of inquiries from readers on a variety of subjects. I also have some comments on a couple of market related matters. I thought the following to be particularly important, so I would like to share my observations and comments on these topics withRead more

September 11, 2000 – Readers will recall that one year ago I took a very strong view that the Gold market was about to experience a sharp short covering rally. I began discussing this point of view in August 1999, and wrote about the major short squeeze engineered in 1869 by Jim Fisk and JayRead more

August 28, 2000 – It’s time to update my forecast for the precious metals. Readers know that when Gold broke below $300 in February of this year, I took a somewhat lukewarm approach to the metals for a short-term outlook. My initial forecast expressed in Letter No. 259 (February 21, 2000) was: “The big moveRead more

August 7, 2000 – Every once in a while a bubble is created in a market. Bubbles can occur in any market, whether stocks, commodities, real estate or whatever. As an example of a bubble’s capacity to strike anywhere, even old baseball cards – considered by some to be a worthwhile collectible – experienced aRead more

July 24, 2000 – Is Gold money? Or is it jewelry? The answer to these questions about the essential nature of Gold is of fundamental importance to everyone who has an interest in Gold. It is the nature of a product, good or service that determines its usefulness. The more useful it is, then theRead more