Blog

May 1, 2000 – A week ago both the stock and bond markets were jolted by an unexpectedly large jump in inflation. That there was any surprise from these latest reports seems strange to me. There are warnings of renewed inflation all around us. Nearly every Wall Street economist says that inflation is under control.Read more

April 10, 2000 – At last the Treasury Department has answered my inquiry from August about the auditing of the US Gold Reserves. I have just received a March 29th letter from Mr. Dennis S. Schindel,Assistant Inspector General for Audit, who works in theDepartment of the Treasury, Office of Inspector General. Mr. Schindel was respondingRead more

March 27, 2000 – In an article entitled “Managing Markets” published in Letter No. 203 on April 21, 1997, I began to voice my growing suspicion that the Gold market was being manipulated. The source of my immediate concern was some peculiar market events on Friday, April 11th, 1997. I wrote back then: “The ProducedRead more

March 13, 2000 – Everything you can think of about this multi-year rise in the stock market has been unprecedented – its duration, the price appreciation, the IPO speculation, the breadth divergences, the divergences between the Dow averages and the Nasdaq. Well, you get the picture. I could go on and on listing the onceRead more

February 28, 2000 – I have received a lot of questions asking what I intend to do next to pursue the status of the Gold Reserves supposedly stored in Fort Knox. For now, I am sticking to my original strategy, which has two elements to it. First, I am still in what I believe toRead more

February 21, 2000 – At last I have received a reply from the US Treasury Department in response to my questions about auditing the US Gold Reserves stored in Fort Knox. The letter was written to my Congressman, The Honorable John Sununu, by Mr. Jeffrey Rush, Inspector General of the Department of the Treasury. Here’sRead more

January 31, 2000 – In recent letters I have referred time and again to the predicament of the shorts, and more specifically, to those short physical Gold. I keep getting a lot of questions on this point, so I would like to explain why the shorts are vulnerable. I will then go on to alsoRead more

January 24, 2000 – In Letter #233 (“Grist for Conspiracy Theorists“, October 26, 1998), I laid out my view – now well known to the readers of these letters – that the price of Gold is being manipulated, and that governments are the manipulators. The reason for this biased government stance against Gold is theRead more

January 11, 2000 – My congressman got a reply from the Treasury Department, sort of. Here is what was sent to The Honorable John E. Sununu by Linda Robertson, Assistant Secretary, Legislative Affairs and Public Liaison. Dear Mr. Sununu: Thank you for your letter of December 1 concerning the inquiry from Mr. James Turk. WeRead more

January 10, 2000 – Central Banks Control the Gold Market? I offered in that report what I still believe to be an accurate and exhaustive analysis of the relationship between central banks and Gold. Central banks and their influence on Gold have always been something I have monitored closely. The monograph appeared long before allRead more