Blog

August 29, 2005 – It seems like yesterday, but it was six years ago when after describing the gold squeeze engineered by legendary traders Jim Fisk and Jay Gould in 1869, I wrote the following on August 16th 1999: “I believe that within two weeks, another gold squeeze will start from the depths of aRead more

August 1, 2005 – The Fear Index is my most important analytical tool for evaluating gold. It’s like a trusty compass that one might take on a hike. The Fear Index points the direction gold is taking, and therefore alerts us as to how we should be structuring our portfolios. When the Fear Index isRead more

July 27, 2005 – I carefully explained in the last letter how the gold cartel has been picking the pockets of gold traders.  We’ve just been given another example of their diabolical scheme.  We even have the proof.  The Commitment of Traders report shows the huge swing in open interest that resulted from traders reversing theirRead more

July 12, 2005 – Alan Greenspan gets blamed for many things. You know the usual drill – interest rates are too high, inflation is getting worse, the economy is not creating enough jobs, etc. Whether this blame is appropriate or not, who really knows. Frankly, I think focusing on what Alan Greenspan should or shouldRead more

July 11, 2005 – Last August I wrote an alert entitled “The End of Cheap Hydrocarbons” that was published on the GoldMoney website. The article is still posted there at the following link:  http://goldmoney.com Crude oil had just cracked the $40 level, and pundits were quick to claim that oil would soon be retreating backRead more

June 6, 2005 – Currency risk is a troublesome problem that everyone faces. It arises for a variety of different reasons, but more often than not, government management of the currency through its captive central bank is the source of the problem. For example, inflation, i.e., the loss of a currency’s purchasing power because ofRead more

May 23, 2005 – In the last letter I drew attention to two charts that presented conflicting pictures. The first chart (last presented in Letter No. 362 but included and updated here) shows that the XAU Index of major gold mining stocks has broken its 4-year uptrend line. Clearly, that’s not a good sign forRead more

May 16, 2005 – There are two principal monetary provisions in the American Constitution. Taken together they make clear the intent of that document’s Framers. Article I, section 8 states: “The Congress shall have Power…To coin Money, regulate the Value thereof…” The repeated misinterpretation of this clause has enabled it to be misused and abused.Read more

April 11, 2005 – Crude oil expert Matt Simmons is becoming a familiar name to many, particularly as the price of crude oil climbs higher. He has been featured in numerous financial publications and has appeared on CNBC. As proprietor of Houston-based Simmons & Co., he is widely respected for his views about crude oil,Read more

March 28, 2005 – Tim Wood is the founding editor of Resource Investor, (www.resourceinvestor.com) an online newsletter focusing on junior mining stocks. It is a newsletter that I find informative and filled with generally good research, so I read it regularly. Every once in a while Tim strays from the resource stocks in order toRead more