Recommended Newsletters
Dow Theory Letters
Editor: Richard Russell
Since 1958
Frequency: Every three weeks
Trial subscription: Two issues for $1
Annual rate: $250
Dow Theory Letters, Inc.
P.O. Box 1759
La Jolla, CA 92038-1759
Tel: (858) 454-0481
Web site: http://www.dowtheoryletters.com
E-mail:
staff@dowtheoryletters.com
Richard Russell gained wide recognition for a series of technical articles
in Barron’s, beginning in 1956. He founded the Dow Theory Letters (DTL) in
1958 and has been at it ever since (never once having skipped a Letter). His
record speaks for itself: He recommended gold stocks way back in 1960. He
called the top of the 1949–66 bull market and—almost to the day—the
beginning of the bull market that started in December 1974. Hulbert
Financial Digest ranks DTL first on a risk-adjusted basis among all
market-timing newsletters over the past twenty-three years. Published every
three weeks, DTL covers the U.S. stock and bond markets, along with foreign
markets, precious metals, and commodities. One of the most useful features
of the Letter is Russell’s daily Primary Trend Index (PTI), a proprietary
index that has been an amazingly accurate predictor of near-term market
moves. Recently, Russell has become a raging gold bull. His take is basically the same as ours: Gold is
money, fiat currencies are not, and the difference will become increasingly
apparent in coming years. As he noted in a recent interview, “It’s simple—
central banks are generating vastly more paper than the gold mines can
produce in comparable gold values. . . . Now is the time to accumulate gold
and gold stocks.” On his seventy-ninth birthday in July 2003, he sold all
his bonds, because “the U.S. is heading for maybe the greatest financial
mess in world history.”
Gold Stock Technician
Editor: Frank A. Barbera, Jr. CMT
Since 1992
Frequency: Weekly, plus flash updates
Trial subscription: Free samples upon request
Annual rate: $340
Gold Stock Technician
P.O. Box 47082
Los Angeles, CA 90048
E-mail:
FrankBGST@aol.com
Frank A. Barbera Jr, CMT is a veteran money
manager who has had a hand in running several hedge funds, building a
reputation sufficient to warrant a profile in the 2006 book
"Master Traders: Strategies for Superior Returns from Today’s Top
Traders". He also appears frequently on sites like Financial Sense with some of
the best in-depth reporting on the Web. With the Gold Stock Technician (GST)
Barbera uses technical indicators to analyze precious metals and mining
stocks, as well as oil and the overall market. Highly recommended for
traders who like to move in and out of these markets.
ElliottWave Theorist
Editor: Robert R. Prechter Jr.
Since 1979
Frequency: Monthly
Trial subscription: NA
Rate: $20.00 month
ElliottWave International
P.O. Box 1618
Gainesville, GA 30503
Tel: 800-336-1618 or, outside the U.S., 770-536-0309
Fax: 770-536-2514
Web site: http://www.elliottwave.com
E-mail:
customerservice@elliottwave.com
Robert Prechter is the author of the best-seller "Conquer the Crash." His
analytical approach is based on the discoveries of Ralph Nelson Elliott, who
in the 1930s and 1940s noticed repeating patterns in the prices of various
commodities. Elliott noted that the patterns repeated on different temporal
and numerical scales and seemed to reflect market participants’ mental
states. From this he deduced that investors go through regular, predictable
mood swings, from cautious (as in the 1950s) to risk tolerant (the 1980s) to
downright euphoric (the 1990s).This last stage leads to a crash, after which
the cycle begins again. The same repeating pattern governs the movement of
commodities and stock prices, and in his ElliottWave Theorist newsletter,
Prechter analyzes these waves to generate forecasts for both near-term
prices and long-term economic activity. His work is thus useful for both
traders and investors, along with those who simply want a framework for
understanding the modern world. And his main conclusion is that we’re
entering a downturn that will rival, if not surpass, the Great Depression.
Gold, he says, may not do well in such a deflationary scenario. But readers
should overlook this point in light of his great analysis of the big
picture.
Freemarket Gold & Money Report
Editor: James Turk
Since 1987
Frequency: 20 letters annually plus occasional interim reports
Trial subscription: $60 for 3 months
Annual rate: $220 for e-mail delivery, or $260 for hard copy by mail
1857-240 White Mountain Highway
P.O. Box 5002
North Conway, NH 03860
Tel: (603) 323-8182
Fax: (603) 323-8161
Web site: http://www.fgmr.com
E-mail:
contact@fgmr.com
The Freemarket Gold & Money Report offers an international perspective on
the precious-metals and financial markets. Each letter provides buy and sell
recommendations on gold, silver, mining stocks, stock markets, bonds, and
currencies. Published by GoldMoney's James Turk, FGMR is one of the oldest
precious-metals newsletters, and deals with many of the same issues covered
in "The Coming Collapse of the Dollar."
GoldInsider - Insights to Profit
Editor: John Lee, CFA
Frequency: Monthly
Trial subscription: Three months free
Annual rate: $199 per year, $299 for lifetime
Mau Capital Management LLC
2106 Whalen Drive
Pt. Roberts, WA 98281
Tel: 1-800-358-5865
Web site: http://www.goldmau.com
E-mail:
administration@goldmau.com
John Lee, CFA, manages the Golden Omega precious metals fund at Mau Capital Management LLC. He has degrees in economics and engineering from Rice University and is a former student of GoldMoney's James Turk. He founded Mau Capital Management in 2004.
Gold Mining Stock Report
Editor: Robert Bishop
Since 1983
Frequency: Approximately 50 alerts e-mailed or faxed
Trial subscription: US$250 for 3 months
Annual rate: US$1000
P.O. Box 1217
Lafayette, CA 94549
Tel: (925) 284-1165
Fax: (925) 891-9188
Web site:
http://www.goldminingstockreport.com
E-mail:
info@goldminingstockreport.com
Robert Bishop travels the world to inspect new mines and interview
management teams. His goal is to discover emerging miners that go on to
become big ones—or sell out to big ones at a nice profit. He succeeds
consistently. With fifty alerts per year, this is the most frequently
updated newsletter on our list. Each update offers a concise rundown of
current events in the gold market, along with analyses of several emerging
miners.
Gold Newsletter
Editor: Brien Lundin
Since 1971
Frequency: 12 letters annually
Trial subscription: Free issue available online
Annual rate: $198
2400 Jefferson Highway
Suite 600
Jefferson, LA 70121
Tel: 800-877-8847
Fax: 504-837-4885
Web site: http://www.goldnewsletter.com
E-mail:
gnlmail@jeffersoncompanies.com
Founded in 1971 as the principal tool in Jim Blanchard’s fight to return the
right of private gold ownership to American citizens, Gold Newsletter has,
in its 30-plus years of continuous publication, featured contributions from
many of the modern world’s leading free-market economists and investment
analysts.
Now edited by Blanchard’s longtime partner and associate, Brien Lundin, Gold
Newsletter focuses on mining stocks involved in exploration and
preproduction but also does a good job of covering the metal markets
themselves. It features guest commentary from speakers at the New Orleans
Investment Conference, and its “Potpourri” section remains an industry
favorite. But its main attraction is the sheer volume of its stock
recommendations. The sample issue available on its Web site in early 2004
was sixteen pages long, with profiles and/or analyses of twenty-three mining
stocks. In a typical issue, expect to see a few well-known names but far
more new ones.
Gold Stock Analyst
Editor: John Doody
Since 1994
Frequency: Monthly
Trial subscription: Sample issue available online
Annual rate: $350
P.O. Box 7440
Ft. Lauderdale, FL 33338
Tel: Order service at 800-237-8400, ext. 308
Web site: http://www.goldstockanalyst.com
E-mail:
goldstock@goldstockanalyst.com
Gold Stock Analyst is so loaded with data that subscribers tend to hoard
back issues and refer to them when doing further research. Each issue
contains tables listing the vital statistics (earnings, production levels,
production costs, and much more) for virtually every gold, silver, and
platinum miner of note. Ditto for the gold market in general: Doody keeps
subscribers abreast of supply/demand trends, bullion bank short positions,
and the relative valuations of stocks and bullion. And then, of course, he
offers detailed analyses of half a dozen or so gold miners of
various sizes and profiles.
Grant’s Interest Rate Observer
Editor: James Grant
Since 1983
Frequency: 24 issues
Trial subscription: 8 for $350
Per issue download: $50
Annual rate: $760
2 Wall Street
New York, NY 10005
Tel: (212) 809-7994
Fax: (212) 809-8492
Web site: http://www.grantspub.com
E-mail:
subscriptions@grantspub.com
James Grant founded the Interest Rate Observer in 1983, after an eight year
stint at Barron’s, where he originated the “Current Yield” column.
He’s the author of four books on finance or financial history, including
"Money of the Mind" and, most recently, "The Trouble with Prosperity." He
currently writes a monthly column in Forbes.
Grant’s Interest Rate Observer has a big-picture focus and a generally
unique take on current events. Recent issues have featured detailed analyses
of how banks are making fundamental mistakes that will lead to their
undoing, how homeowners are overborrowing, how innovations like
securitization and mortgage REITs are leading us to ruin, the relationship
between stock prices and inflation, and the changing profile of central bank
balance sheets. The list goes on, seemingly forever, since Grant’s ability
to see patterns and analyze previously unexplored relationships in finance
and business appears to be endless. And, icing on the cake, his newsletter
is beautifully written, with a lot of bitingly funny cartoons.
J.Taylor’s Gold & Technology Stocks
Editor: Jay Taylor
Since 1986
Frequency: Monthly
Trial subscription: $39 for three months
Annual rate: $123
P.O. Box 871
Woodside, NY 11377
Tel: (718) 457-1426
Web site: http://www.miningstocks.com
E-mail:
info@miningstocks.com
A former Wall Street gold-mining analyst, Jay Taylor covers the whole
spectrum of mining companies, with an emphasis on juniors. And he’s been
quite successful at finding emerging miners before they emerge: The
newsletter’s sample portfolio outperformed gold itself by 20 percentage
points a year in 2002 and 2003.Taylor offers a weekly telephone hot-line
message that covers late-breaking news on the economy, gold, and his
favorite stocks. But the main attraction is his in-depth but still quite
readable reports, in which he explains in clear terms what an emerging miner
is doing and whether it’s likely to succeed.
International Harry Schultz Letter,
Editor: Harry Schultz
Since 1964
Frequency: Monthly
Trial subscription: 8-month trial US$241
Annual rate: US$327
P.O. Box 622
CH-1001 Lausanne, Switzerland
Tel: 011 506 271 2293 (from U.S. or Canada), 00 506 271 2293
(from any other country)
Web site: http://www.hsletter.com
E-mail:
info@hsletter.com
No wallflower, Harry Schultz describes his letter as “the world’s premier
international investment, financial, economic, geopolitical, privacy,
sociological and philosophical newsletter.” But as the saying goes, it’s not
bragging if you can back it up. And Schultz’s newsletter is in its fortieth
successful year, with subscribers in eighty nations and a good overall
record of both macro and stock-specific calls.
Based in Switzerland, Schultz draws on the analysis of correspondents in
many countries and a first-rate in-house research staff. His newsletter
casts such a wide net that to characterize it in a few sentences is
impossible. Suffice it to say that it’s a great overview of the world as
seen through a sound-money lens, and a useful source of “how-to” information
on diversifying out of dollars and into more promising currencies like the
Swiss franc. One especially good recent quote: “A
mega-derivative squeeze is coming . . . which will shred the present day
gold cartel into confetti.”
International Speculator
Editor: Doug Casey
Since 1979
Frequency: Monthly
Trial subscription: NA
Annual rate: $199
P.O. Box 84911
Phoenix,AZ 85071
United States
Tel: (602) 252-4477; toll-free: (800) 528-0559
Web site: http://www.caseyresearch.com
E-mail:
isp@publishers-mgmt.com
Doug Casey is the author of Crisis Investing, one of the best-selling
financial books of the 1970s. Using what he calls a “rational speculation”
strategy, he attempts to reduce excessive risk by identifying companies with
the strongest management teams, shareholder-friendly capital structures, and
promising properties.
These days he’s focusing on well-managed junior exploration companies “that
offer multiple opportunities to profit, for example when acquiring an
attractive mineral concession, or reporting successful drilling results, or
penning a joint development deal with a deep-pocketed large mining company.”
Any of those events, says Casey, has the potential to send a junior
exploration company up by double or even triple digits, literally overnight.
Le Metropole Café
Proprietor: Bill Murphy
Since 1998
Frequency: Several times per week
Trial subscription:Two weeks free
Annual rate: $149
Web site: http://www.lemetropolecafe.com
Le Metropole Cafe is a members-only “online community” modeled after early
twentieth century French cafés like the Moulin Rouge. The idea is to
create a space in which, as the home page puts it, “investors from all
over the world can meet to discuss the vibrant economic and financial
issues of the day.”
Led by Gold Antitrust Action Committee co-founder Bill Murphy, Le
Metropole’s team conducts an ongoing, high-level discussion
of everything from global monetary policy to the ins and outs of metals
trading. Not surprisingly, given Murphy’s GATA connection, a central topic
of debate is the war between the world’s central banks and gold.
And because it’s a Web site, it’s interactive. You can join the discussion
by adding your own thoughts to the many “posting forums.” In August 2004,
there were active threads on dozens of topics, ranging from how to buy
silver coins to the machinations of the Russian central bank. The result, as
Forbes magazine recently noted, is a certain amount of hot air, but far more
insight and excitement.
Moneychanger
Editor: Franklin Sanders
Since 1980
Frequency: Monthly
Trial subscription: None, but full refund after three issues if not
satisfied, prorated refund after that.
Annual rate: $149.00
P.O. Box 178
Westpoint,TN 38486-0178
Tel: (888) 218-9226
Web site: http://www.the-moneychanger.com
E-mail:
moneychanger@compuserve.com
Franklin Sanders uses his Moneychanger newsletter to offer a wide-ranging
critique of the current system, along with advice on everything from
Christianity to alternative health. But his main focus is precious-metals
investing, and his newsletter features interviews with luminaries like Le
Metropole Cafe founder Bill Murphy and silver guru Ted Butler, along with
advice on buying gold coins, profiles of major and emerging miners, analyses
of the flaws in today’s banking system, and sophisticated options
strategies. Sanders has also authored several books and pamphlets, including
The Next Great Depression ($238), the Gold, Silver and Platinum Report
($38), and Silver Bonanza, coauthored with Jim Blanchard ($34).
Ormetal Report
Editor: Claude Cormier
Since 1996
Frequency: semimonthly (24 per year)
Trial subscription: Free issue available online
Annual rate: US$130 ($C199). Or pay with GoldMoney for a 10-percent
discount.
Ormetal Inc.
15 Mathieu
St-Basile-Le-Grand, QC
Canada, J3N 1H2
Tel: (450) 653-5527
Fax: (450) 653-7020
Web site: http://www.ormetal.com
E-mail:
info@ormetal.com
Ormetal’s Claude Cormier casts a wide net in his search for emerging mining
stocks and has turned up winners from all over the world. But his unique strength is his knowledge of
the Canadian market. A must-read for advice on Canadian gold and silver
juniors.
Resource Opportunities
Editor: Lawrence Roulston
Since 1997
Frequency:Approximately 20 issues per year
Trial subscription: Sample reports available online
Annual rate: $169 ($225 CDN)
625 Howe St.
Suite 1290
V6C 2T6,Vancouver, BC
Canada
Tel: (604) 697-0026; toll-free: 877-773-7677
Web site:
http://www.resourceopportunities.com
E-mail:
info@resourceopportunities.com
Lawrence Roulston is a trained geologist with more than twenty years of
firsthand experience in the resource industry, including several years as
the president of a mining-exploration company. His newsletter is well
written and easily accessible, with jargon-free prose and an insider’s
perspective.
He explores issues like the rise of China and the debasement of the dollar
with clarity, but in enough depth to allow readers to understand the
process. He also offers detailed profiles of what he considers the most
interesting, least risky resource plays. “Resource Opportunities stays away
from the riskiest of the juniors, those exploration companies that are
simply rolling the dice on a drill play,” says Roulston. “Instead, the
newsletter focuses on companies that have already outlined a deposit, but
where more work is required to prove up a reserve.” Such miners “are
typically valued at steep discounts compared to the larger producers. In
fact, some of those small companies trade at values that equate to only a
few dollars an ounce for gold in the ground. That compares to a typical
valuation in excess of $100 an ounce for the major producers. [This] smaller
company approach provides enormous leverage to the gold market. Your
investment gives you the benefit of owning many more ounces than if you
invested in a major producer.”
The Silver Investor Newsletter
Editor: David Morgan
Frequency: Monthly
Trial subscription: $60 for 6 months
Annual rate: $149 hard copy in U.S., $169 international, $99 email
Stone Investment Group
21307 Buckeye Lake Lane
Colbert,WA 99005
Tel: 509-464-1651
Web site: http://www.silver-investor.com
E-mail:
silverguru22@hotmail.com
Silver Investor is the only newsletter listed here that focuses primarily on
silver. Editor David Morgan’s emphasis is on silver-mining stocks, though he
spends a fair amount of time on the macro environment. Past issues include
analyses of silver stockpiles (they’re shrinking), the manipulation of the
silver market by players trying to keep it cheap (why they’ll fail), the
impact of digital photography on silver demand (minimal), and silver’s role
in solving the energy crisis (pivotal). The heart of Silver Investor is
Morgan’s “Model Portfolio,” which is divided into two sections: cash-rich
mining companies and “silver speculations.” The list is relatively short,
reflecting the currently small number of active silver plays.
|