Blog

August 13, 2001 – Here’s a mystery for you. It ranks high with any of the great thrillers solved by Sherlock Holmes, but this one is not fiction. I have been arguing that the US Treasury and possibly the IMF have been selling gold, and that their actions have depressed the gold price. But ifRead more

July 23, 2001 – This past December I wrote (“The Smoking Gun“) about my discovery of a discrepancy between two reports that tracked the status of the US Gold Reserve. The Federal Reserve prepares both reports. The first report is the balance sheet of the Federal Reserve, and the item of note is an entryRead more

July 9, 2001 – Do you know which company’s stock has been listed on the New York Stock Exchange longer than any other? You might guess US Steel or perhaps AT&T, both of which have been around for quite awhile, but neither of these two venerable companies’ stock is the longest listed. That honor goesRead more

June 25, 2001 – When we look at recent and current economic and financial activity within the United States, it seems very logical to ask why is the dollar so strong? After all, factors that both logic and past experience say should have weakened the dollar have had little or no affect on the dollar’sRead more

June 4, 2001 – It is probably not too surprising for you to learn that at the recent conference in Durban, South Africa sponsored by , a number of questions were asked of me and the other speakers about Alan Greenspan. People eagerly want to learn more about the man. It seems that his wordsRead more

May 21, 2001 – I have received many interesting questions from readers about my article Behind Closed Doors, the apparent swap of Gold from West Point with the Bundesbank, and other matters. I’d like to share with you these questions, and my answers. Q. Do you believe that the GATA summit was successful? A. Yes,Read more

April 23, 2001 – This past December in “The Smoking Gun” I provided substantive proof that the Exchange Stabilization Fund was intervening in the gold market. From publicly available reports prepared by the Federal Reserve, I established that the weight of gold held as a component of the US Reserve Assets has been changing, andRead more

April 9, 2001 – When I was still a young boy I remember hearing someone say that science fiction sooner or later becomes science fact. I was too small at the time to appreciate what I had heard, but as I grew older I came to understand that what we humans can dream, we canRead more

March 26, 2001 – Years ago an old stock market pro told me that sometimes the most difficult thing about markets is believing what you are seeing. It is good insight. His point was that because we usually approach markets with preconceived notions about what we expect will happen, when something different happens we consequentlyRead more

March 9, 2001 – It is natural for us humans to search for rules we hope will prove to be unchanging. We want these rules to be unchanging because we hope that they can be used to help explain, or perhaps even predict, an uncertain and unknowable future. For example, waves always break upon rocksRead more