Executive Order 11110 was issued by U.S. President John F. Kennedy on June 4, 1963. This executive order delegated to the Secretary of the Treasury the President’s authority to issue silver certificates under the Thomas Amendment of the Agricultural Adjustment Act, as amended by the Gold Reserve Act. The order allowed the Secretary to issue […]

The people preaching the nonsense about gold far too often have a self-interest. That is no different than expecting trading with a New York Bank that they have your best interest at heart. Come on. Look at the Press Reviews of Greg Smith’s book. You will see numerous reviews defending Goldman Sachs. Right! What Smith wrote about […]

QUESTION:    I’m a reader from China and one of the big fans of you in our country. I want to ask you a question and would be very happy to get your reply. If my memories are correct, you have been a bull of China and praised Chinese leaders for their competence. But in reality, […]

Three regional Federal Reserve officials have called on the central bank to stop buying mortgage-backed bonds, citing the recent improvement in the U.S. housing market. Indeed, the US economy has improved and the rise in the stock market has the talking head talking to themselves in disbelief. The 800 pound monkey remains the German elections […]

QUESTION: What is a cycle inversion? This reaction period of 2 to 3 years how do you know it will extend or not? ANSWER: Cycles are turning points in time. You cannot always ascertain what the event will be a high or a low near-term. However, it is a turning point producing an event. Normally, […]

In here is the long-term view for gold using the database back to 1264. The prospects for gold bottoming in 2013 are not dead yet. There was a chance for a low in January 2013 but that was broken.  What appears to be shaping up is an extension in the overall market. The $4000-$5200 target […]

Thank you for all the fan mail on the Dow to offset the hate mail on the metals. The objective is to expose the real world we live in and how domestic policy objectives are really held hostage to international capital flows. We are really trying hard to get everything up and running ASAP. Many […]

I retired from the gold business because I was one of the biggest market makers – one of the top 3 for the 1980 event. The IRS walked in and said that their interpretation was that I was a bank and had to report every person who bought or sold $10,000 or more and that […]

The Dow keeps pressing higher as the talking heads keep questioning why. Gold presses lower and Gold is below the 1400 level. A closing below 1402.50 on June today for gold will keep it vulnerable to the downside. If we get to retest the 1321 area, that will be extremely bearish and warn that new […]

Understanding that there is no grand conspiracy to systemically suppress gold is actually vital as is to understand the true nature of money. If you do not grasp these points, you cannot move forward. Sun Tzu and his Art of War applies to all confrontations. “If you know the enemy and know yourself, you need […]