Blog

November 25, 1996 – Nobody these days has anything good to say about Gold. In keeping with prevailing sentiment, I won’t say anything good about it either. However, I will make some basic observations about Gold, and hopefully these obiter dicta will provide enough common sense to enable one to make an informed judgement aboutRead more

November 4, 1996 – In the last letter I noted the possibility of “one last upward spike in T-Bond prices to provide the markets with one last piece of good news before the presidential election.” We are getting that spike in prices now. I happened to be watching CNBC this past Friday morning after theRead more

October 21, 1996 – What will happen to the Gold price after the November election? Will it remain stuck below $400 per ounce, or can we finally expect Gold to begin a rally that will eventually reach my long awaited $500 per ounce target? No one has the answer to those questions yet, but withRead more

September 30, 1996 – I recently had the opportunity to meet Thabo Mbeki, the Deputy President of South Africa. A lunch in his honor was hosted in New York City by the South African Ambassador to the United States, and I was invited to attend with about 20 other investors/business people who had various commitmentsRead more

September 9, 1996 – Since May I have been warning that stocks may be topping out. Our attention was first focused on the NASDAQ, which took a nasty spill in June that turned into a ferocious rout by early July, and a 19.6% correction from peak to trough. Even though the NASDAQ has had aRead more

April 25, 1994 РOver the past few years I have become acquainted with a wealthy, retired American industrialist who has an interesting story to tell. To preserve his privacy, I will call him Andr̩, which is not his real name. Andr̩ was born in New York before the First World War to wealthy JewishRead more