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June 29, 2009 – Continue to accumulate the precious metals. By doing so you are saving money, but it is sound money and not depreciating national currency. Turning to the silver chart above, there is good news and bad news. The bad news is that silver has fallen back below support at $15. I hadRead more

Gold’s enemies, namely, those banks comprising the nefarious gold cartel and acting under the direction of the supra-governmental Exchange Stabilization Fund, are throwing everything they can at gold in an attempt to reverse its ongoing advance. Consequently, gold’s push to $1,000 has been halted by this intensifying resistance, but this setback is only temporary.

My comments remain unchanged from recent letters. With each passing day, December’s top in prices (i.e., low in yields) looks more and more certain.

The dollar is headed for hyperinflation. The dollar is headed for the fiat currency graveyard. Do not lose sight of this important point. Do not believe the propaganda of government officialdom that they know what they are doing and will take care of your best interests. The fact is, they don’t know what they are doing, and they are not looking after your interests.

June 29, 2009 – The Dow Jones Industrials Average is at a very interesting juncture. Please take a close look at the following chart. As the dollar moves toward hyperinflation, I expect stocks to rise. I explained this point in recent letters. The general averages will not do as well as gold, and certain sectorsRead more

June 25, 2009 – Yesterday the Federal Reserve completed the latest meeting of its Federal Open Market Committee.  It re-affirmed its plan to purchase by the end of the year some $1.8 trillion – yes, $1.8 trillion – of US government paper, comprising of agency debt, agency mortgage-backed securities and US Treasuries.  That’s nearly $6,000Read more

June 8, 2009 – I’ve lost count of how many trillions of dollars have been created ‘out of thin’ air by the Federal Reserve to bail out the banks. But regardless of the quantity, these newly created dollars along with the dollars created to fund the federal government budget deficits explain why the US dollarRead more

Gold and silver have climbed higher as expected. Both precious metals now look ready to make new multi-month highs.

Gold has climbed higher as expected. Both precious metals now look ready to make new multi-month highs, but it is becoming increasingly clear that the gold cartel is pulling out all the stops to try keeping gold from climbing above $1,000.

June 8, 2009 – We can now see with the benefit of hindsight how important support was in the 68-69 area for the gold/silver ratio. When this support level finally gave way, the ratio sliced right through it and continued to tumble lower, with silver outperforming gold. This outperformance is important. It means that moneyRead more