Andrew Racz
Director of Research
300 East 54 Street, Suite 26C
New York, NY 10022
Phone: (212) 319-6949
Fax: (212) 753-1944



January 28, 2013



Price Range-52 Week


Shares Outstanding


Market Capitalization

$1.08 Billion

It is my opinion that WISDOMTREE INVESTMENTS INC. is a BUY. This is driven by some important positives which seem to have a greater impact than any weaknesses. The company strengths are in multiple areas such as its impressive record of earnings per share growth, very big growth in net income and revenue and notable return on equity and solid stock price performance. Even though the company is trading at a premium valuation, the strengths outweigh this fact.

The World of Money – the Changing of the Guard

Going back to the end of the Second World War, the first major change in our monetary system was in 1947 when the the British Pound was devalued form 4 to 1 historical exchange rate to 2.8 pounds to 1 dollar. That spelled the end of Great Britain’s special relations with the USA.

The second major change came very quietly without announcement due to the fact that the Russians who owed enormous sums of money to the Western World. After 1948 the Soviet Union began to do commercial business in Europe but they were afraid to deposit their income in any major bank because of compulsory confiscation of their debt. However later European bankers, the most famous being Edmund Saffra, devised the Eurodollar system which was a bookkeeping system where the Russians could deposit their surplus dollars and where anybody could take it out from the books and use it for any purpose. The Eurodollar was a new idea and introduced a new avenue to transact business. The Eurodollar system was the ultimate solution for debtors.

In August 1971, President Nixon broke the fixed price gold system. Nixon stopped foreigners from buying gold from the US treasury. Basically he therefore eliminated the tie between gold and the US dollar and, of course, between gold and any other currency .

Subsequently there was a growing chaos. Because of the liberalization of the world and the expansion of the world, there were eventually 200 members of the United Nations and we had 200 legitimate currencies.

There were new faces and new names in the picture.

There was the Hungarian forint. There was the semi convertible Russian Rubble and then the undervalued Chinese currency which may become the currency of the future. At the time of writing the Chinese may have $3 trillion reserve currency of which $1.4 trillion is US dollars. The US has $16.5 trillion in debt. There is about $12.5 trillion currency available for investment. Carl Icahn’s has $19B in assets ,some of which he invested in Netflix.

Considering that there are around 200 nations each converting one currency to another, the paperwork and transactions floods the international banking system.

Now we have to appreciate that when there is a currency exchange between one country to another through a major bank, there is an expenditure and that expenditure is technically a lost revenue, necessary but undesired element for any particular country.

Let us now concentrate on what I call The Changing of the Guard. The emergence of ETFs is the wave of the future the most important and most formidable exchange system that mankind has devised. In first stretching the point, I would like to say since gold has been accepted as a currency ETFs may become a more important storage of value. It is the only “ currency of great diversity”.

Commodity Confusion

The rapid growth of exchange traded funds is as clear a trend as you get in financial markets. Investors poured a record $191 billion into ETF’s last year, driving 18 asset growth (27% including performance gains). One niche, commodities has been somewhat sleepier. The nearly $11 Billion that went into this group, though respectable, made for 10 %growth, showing that investors are not as enthusiastic about commodity ETFs as they are about stock or bond ETFs. There are good reasons for that.

Even when the bigger picture changes, commodity ETFs will still be a difficult breed. For one, commodity investing requires a higher level of sophistication. Many energy and agriculture ETFs deal in futures contracts, and don’t track spot commodity prices. Others invest in companies that produce or process commodities-technically they are stock funds. Each type has its pros and cons, and sorting them out can be tricky.

Start with closest thing to investing in an actual commodity, so-called physical funds-most of which are precious metals funds- that hold the commodity in a vault. The two biggest in this area are the $72 billion SPDR Gold Trust (GLD) and the $12 billion iShares Trust ( IAU). The simplicity and tight link to spot prices are big draws (though gold’s 12 straight years of price gains has not hurt). Look for JP Morgan’s Chase and BlackRock’s iShares to take a similar approach with copper ETFs as soon as this year.

Politicians have been fighting tooth and nail to consider gold as a currency but politicians don’t say too much about the ETFs. And as a result the ETFs have been spreading all over the universe and it is one of those monetary interests that have not yet been criticized or modified, by the politicians in any part of the world.

ETF is a complex formula and in the Untied States there aren’t more than 6 or 8 so--called financial holding companies which handle, create and promote ETFs.

Wisdom Tree Investments may be the only publically owned ETF holding company-which only holds ETFs.

Wisdom Tree Investments, Inc. is a New York-based exchange treaded fund (“ETF”) sponsor and asset manager. Wisdom Tree currently offers 46 ETFs across Equities, Currency Income, Fund Income and Alternatives asset classes. Wisdom Tree also licenses its indexes to third parties for proprietary products and promotes the use of Wisdom Tree ETFs in 401(k) plans. Wisdom Tree currently has approximately $20.2 billion in ETF assets uinder management. For more information, please visit

Wisdom Tree® is the marketing name for Wisdom Tree Investments, Inc. and its wholly owned subsidiaries Wisdom Tree Asset Management, Inc. and Wisdom Tree Retirement Services, Inc. Wisdom Tree Asset management, Inc. is a registered advisor and is the investment advisor to the Wisdom Tree Trust and the Wisdom Tree ETFs. The Wisdom Tree Trust is a registered open-end investment company. Each Wisdom Tree ETF is a series of the Wisdom Tree Trust. Wisdom Tree Retirement Services, Inc. supports the use of the Wisdom Tree ETFs in the retirement plans by financial professionals. 

In fact, it is a New York based fund and asset manager. Wisdom Tree currently offers 46 individual ETFs across equities, currencies, fixed income and alternate asset classes. It also licenses it indexes to third parties for proprietary products and promotes the use of ETFs in 401 plans. Wisdom Tree had on January 22nd $19.5 billion under management. Subsequently on January 24th Wisdom Tree announced that it is managing $20 billion as its shares surged.

In order to understand Wisdom Tree, ETFs and what does $20 billion in the total picture mean, maybe we have to analyze the important the ETFs movement introduced to the world of finance.

Wisdom Tree Tops $20B in assets under management- AUM; its shares surge. Wisdom Tree (NASDAQ; WETF) the seventh-largest US ETF sponsor, said today its assets under management total has eclipsed the $20 billion mark. In a statement, the New York-based firm said its current AUM tally rests at about $20.2 billion.

“We are pleased to reach this significant milestone of $20 billion in ALUM, and equally pleased to reach these asset levels through balanced growth across out product family. Wisdom Tree is building a track record of innovation in the ETF industry, “said Wisdom Tree CEO and President Jonathan Steinberg in a statement.

Inflows to Wisdom Tree ETFs have been bolstered by the firm’s international lineup. In less than two months, the Wisdom Tree, Japan Hedged equity Fund’s (NYSE: DXJ) AUM total has nearly quadrupled to $2 billion while the Wisdom Tree Emerging Markets Equity Income Fund (NYSE: DEM) rose to over $5 billion in ALUM from $3 billion in just 11 months.

DEM and DXJ are among the seventh Wisdom Tree ETFs that have over $1 billion in assets. Others include the Wisdom Tree India Earnings Fund (NYSE: EPI) and the Wisdom Tree Emerging Markets Local Debt Fund (NYSE: ELD). Home to over $1.7 billion in assets, ELD is the second largest actively managed ETF on the market today and it was the first to cross the $1 billion in ALUM threshold.

The Wisdom Tree Large Cap Dividend Fund (NYSE: DLN) and the Wisdom Tree Emerging Markets Small Cap Dividend Fund (NYSE: DGS) also have more than $1 billion in assets.

We must now understand another concept or lack of it.

The world without ETF. 30 years ago the price of silver was skyrocketing to $50. A well known financier Dr. Henry Jarecky was president of Mocatta Metals which was the American subsidiary of the London based Standard Charter Bank.

As the price of silver was going up Jarercky said that technically Macatta was bankrupt. It wouldn’t have happened if they had been able to balance its position with silver ETFs.

When somewhat later the Congress was cornering the Hunts, not permitting them to buy contracts -even before and during the crisis the Hunts could have used ETFs to balance their positions and the declining price of their contracts could have been hedged by silver ETFs and they could have come out with an almost even position.

Wisdom Tree Investments are a part of the DJA capital market.

Industry Analysis – The US capital markets industry includes securities brokerages, investment banking, advisory services, asset management, and custody firms. The industry is subject to federal, state, and international regulations, which are intended to protect investors. The industry is sensitive to interest rate changes, stock market performance, and economic fluctuations. Major asset management and custodial banks include Bank of New York Mellon (BK), State Street (STT), BlackRock (BLK), and Franklin Resources (BEN), Goldman Sachs (Morgan Stanley (MS), and Charles Schwab (SCHW) are major players in investment banking and brokerage.

The investment management business is mature, highly competitive and marketed by intense competition due to increasing demand from customers for investment advice and custom investment vehicles. Registered investment advisors management assets worth in excess of $13.00 trillion. Key demand drivers are primary debt and equity offerings and the volume of mergers and acquisitions activity across sections rise as companies seek protection from competition.

The brokerage sub-industry provides investment advice and brokerage of stocks, fixed-maturity securities, derivatives, and mutual funds to institutional investors and individuals. The sub-industry is concentrated and characterized by consolidation activity. Hefty returns over the past decade have encouraged investors to actively trade, which in turn, drives demand for brokerage activities and consulting services.

Nearly 10,000 domestic firms, with annual revenue of $156 billion , provide financial planning and advisory services. This su-industry is driven by consumer income and population growth. Approximately 60% of total revenue is generated form individual investors.

Investor confidence has been crushed by recent disruptions in the capital and credit markets, stemming from a deteriorating housing market and subprime meltdown. The capital markets industry has seen dramatic changes. Former industry leaders Lehman Brothers and Merrill Lynch have either filed for bankruptcy or sold out. Surviving investment banks, like Godlman Sachs and Morgan Stanley, have become bank holding companies to qualify for US government assistance under the Troubled Asset Relief Program, or TARP.

One of the most creative and hardworking American families, the Hunts were punished not only by COMEX, but also by a lack of ETFs to balance their positions.

The most widely used ETFs are gold and silver ETFs . Their size is staggering. However, gold ETFs enabled George Soros and Mr. Paulson to acquire their positions and benefit at the proper time from their intuition as far as the movements in the price of gold is concerned.

Let us now look at the size of the financial transactions.

In 1980 I had tape recorded interviewed with the chairman of Bache, Mr. Harry Jacobs. The interview took place in the morning on my tape recorder machine in the breakfast room of Bache’s at 100 Gold Street. In the middle of the interview, Mr. Jacobs mentioned that Bache is modernizing and they now had a system where similarly 100 million shares and today they can easily cope with 80 million.

You can appreciate that I was from the old school. Many years before at Oppenheimer one of the partners said the exchange will handle 4 million shares; Oppenheimer has to modernize. Today 3 billion shares trade on the New York Stock Exchange.

This is the volume that the ETFs is hoping. The ETF movement has to cope not only with the New York Stock Exchange, not only with the London, Zurich and Hong Kong stock exchanges and as we go along with many more.

The importance of the ETF market must be considered, frankly as the world’s future currency, a currency where the exchange rate is set in the marketplace, and a currency which is self-regulated and a currency whose management is in very many hands. When it comes to ETFs Governments do not rule or regulate the customers are all foot soldiers. However the overall concept of the ETFs in the currency world, is best left for the Peterson Institute. In fact, I will ask them to comment.

I am a securities analyst and am simply trying to reach a broad review. If we learned in January 2013 that Wisdom Tree has $20 billion in assets under management and it had $12 billion the year before and $6 billion the year before that it appears on the fundaments that it is an open ended possibility. During the next three years as the ETF business matures into worldwide acceptance it can easily happen that Wisdom Tree would have $50 Billion under management.

If you take 1% of $50 billion it is $5 billion. If you take ½ % it is $2 ½ billion. In other words if Wisdom Tree in three years’ time could grow maybe to $2 ½ billion in revenues and $250 Million in profits. This would be $2.50 per share. If we add up the accumulated cash which will be about $60 Million by the end of 2013 it would reach $200 Million by the end of 2015.


January 2013

$20 B

December 2015




Net Income


Per Share


However, the market concept is the upside potential. New ideas like:

  • The copper ETF
  • The water ETF
  • Gold at $5,000

Can expand the ETF market substantially.

Accordingly, sometime in the new decade, Wisdom Tree can earn $5.00 per share. 


Information contained herein is based on data obtained from recognized statistical services, issuers reports or communications or other sources believed to be reliable. However, such information has not been verified by us and we do not make any representation to its accuracy or completeness. Any statement non-factual in nature constitutes only current opinions which are subject to change. BERAL INC. or their officers, directors, analysts or employees may have positions in the securities or commodities referred to herein, and may as principal or agent buy and sell such securities or commodities. An employee, analyst, officer or a director of BERAL INC. may serve as a director for companies mentioned in this report. Neither the information nor any comment expressed shall constitute an offer to sell or a solicitation of an offer to buy any securities or commodities mentioned herein. There may be instances when fundamental, technical and competitive opinions may not be in concert. This firm may from time to time perform investment banking or other services for or which investment banking or other businesses from any company mentioned in this report.



Bunker Hunt Article
Posted October 27, 2014

Lamb Realty.
Posted October 15, 2014

Chiquita Brands International
Posted August 20, 2014

Emerson Radio
Posted August 24, 2014

Evercore Partners Inc.
Posted August 5, 2014

Moelis & Co.
Posted July 22, 2014

Torchlight Energy Resources, Inc.
Posted May 21, 2014

Andrew Racz
Posted May 19, 2014

Royal Nickel Corporation
Posted May 02, 2014

Recorded Interview Robert Schermer, CEO
Posted March 15, 2014

Cowen Group, Inc.
Posted March 5, 2014

Pacific Booker Minerals Inc.
Posted February 4, 2014

Sandstorm Gold Ltd
Posted January 24, 2014

Global X Gold Explorer ETF
Posted January 16, 2014

Bring Back Mr. Giuliani
Posted December 24, 2013

Gold Reserve Inc.
Posted October 15, 2013

Premier Diagnostics Health Services Inc.
Posted September 25, 2013

Almaden Minerals
Posted September 3, 2013

Electric Cars In New York City
Posted August 27, 2013

The World Without Gold
Posted July 2, 2013

Remembering Mr. Churchill
Posted June 10, 2013

Financial Transactions in the Digital Age
Posted May 15, 2013

Senator Chester Crandell ( R ) Arizona
Posted May 7, 2013

Explor Resources Exs V
Posted April 14, 2013

The Gathering Storm
Posted April 9, 2013

Vietnam - West of Hong Kong
Posted March 11, 2013

Vietnam – In Peace!
Posted February 26, 2013

Wisdomtree Investments Inc
Posted January 28, 2013

Explor Resources Inc.
Posted November 28, 2012

Oremex Silver Inc.
Posted September 18, 2012

Alphamin Resources Corp.
Posted July 26, 2012

Harvest Natural Resources
Posted July 20, 2012

The Man Who Was Created by Gold
Posted July 06, 2012

Recorded Interview With Zach Erdem, President
Posted June 20, 2012

Nortec Minerals Corp.
Posted May 01, 2012

The Fundamentals of Chesapeake Gold Corporation
Posted April 16, 2012

Jourdan Resources Inc. (JOR.V)
Posted March 20, 2012

Posted February 27, 2012

Gold Index Bonds - To Avoid the Money Traps
Posted February 2, 2012

Monarch Casino & Resort, Inc.
Posted February 01, 2012

QMC Quantum Minerals
Posted january 19, 2012

African Metals Corp.
Posted December 21, 2011

The Crisis That Almost Wasn’t
Posted December 7, 2011

Posted November 18, 2011

The Crisis That Almost Wasn't
Posted November 15, 2011

Ocean Power Technologies, Inc
Posted October 19, 2011

The Mongolian Economic Miracle
Posted October 12, 2011

H. Hunt
The Son of Bunker Hunt
Posted August 24,2011

Sandstorm Gold
Posted August 15, 2011

"Silver At $200
Posted July 29, 2011

"First Majestic Silver Corp
 Posted July 26, 2011

"Interview with Brian Kirwin,
American Bonanza Gold Corp"

Posted July 21, 2011

"Interview with Ian Foreman
Yale Resources Ltd."

Posted June 16,2011

"Interview with Brandon Mckee
Callinan Mines
By Andrew Racz "

Posted June 1, 2011

"Andrew Thompson Interview Soltoro Ltd."
Posted May 15, 2011

"Great Panther Silver Limited"
Posted March 29, 2011

"The 21st Century's Marshall Plan"
Posted March 17, 2011

"Interview With
Houston Hunt"

Posted February 23, 2011

"Esperanza Resources Corp."
Posted February 23, 2011 

"Douglas Lake Minerals"
Posted January 11, 2011 

"Do not bet against Casablanca"
Posted December 10, 2010 

Posted December 8, 2010 

"Full Circle"
Posted November 19, 2010 

Posted November 8, 2010 

SilverCrest Mines, Inc.
Posted October 26, 2010

Cache Exploration, Inc.
Posted October 22, 2010 

Silvore Fox Minerals Corp.
Posted September 29, 2010 

Almaden Minerals, Ltd.
Posted August 16, 2010 

"The Path Of A Hungarian Immigrant"
Posted August 12, 2010 

"Interview With
Mark Hazout -
Silver Dragon Resources

Posted June 24, 2010

"Who Owns Whom At The Final Tally"
Posted June 15, 2010 

"The World Needs
Bunker Hunt.

Posted May 24, 2010 

"Arafura Resources "
Posted April 15, 2010 

"MF Holdings LTD"
Posted April 7, 2010 

"Quest Uranium Corporation"
Posted April 5, 2010 

"Lynas Corporation, LTD"
Posted March 19, 2010 

"Rare Element Resources LTD"
Posted February 9, 2010 

"Mexco Energy Corporation"
Posted January 4, 2010 

"Claude Resources"
Posted December 16, 2009

"The Silver Spirit"
Posted November 25, 2009 

"... from Casablanca to Monte Carlo."
Posted November 20, 2009 

"Sutter Gold Mining, Inc."
Posted November 16, 2009 

"Whose Friends Are They Anyway?"
Posted November 4, 2009

"U.S. Energy Corporation"
Posted October 28, 2009 

"Harris & Harris"
Posted October 13, 2009

"They Made A Difference"
Posted September 30, 2009 

"Bridge Bancorp, Inc"
Posted September 22, 2009 

"Entree Gold - September 2009"
Posted September 3, 2009 

"Who Lost Mongolia"
Posted August 16, 2009 

"Mongolian Prime Minister Sanj Bayar -
A politician of the 21st century"

Posted July 16, 2009 

"Romios Gold"
Posted July 7, 2009 

"The Grand Alliance"
Posted July 6, 2009 

"Sandstorm Resources, Inc."
Posted June 22, 2009 

"Ireland, Inc."
Posted June 16, 2009 

"The Brave New World! - Gold at $1000"
Posted June 5, 2009 

"Claude Resources, Inc."
Posted May 28, 2009 

"Bullion Management Group"
Posted May 11, 2009

"Golden Hope Mines, Inc. - Retraction"
Posted May 4, 2009 

"Silvercrest Mines, Inc."
Posted April 1, 2009 

"Silver Dragon Resources"
Posted February 27, 2009

"In Gold We Trust"
Posted February 26, 2009

"Entree Gold: An Unusual Asset Accumulation"
Posted February 20, 2009 

"The Ultimate Colorful Fate of Edmond Safra, Bernie Madoff, and Governor Bill Richardson"
Posted January 12, 2009

"Silvermex Resources, LTD"
Posted December 13, 2008 

"Prime Minister of Mongolia"
Posted December 11, 2008 

"US Gold Corporation"
Posted December 1, 2008 

"Rubicon Minerals"
Posted November 5, 2008 

"Gold Coins & The Money Game"
Posted October 29, 2008 

"Gold and the Chinese Millennium"
Posted October 20, 2008

"JNR Resources, Inc."
Posted September 30, 2008

"Three Immigrants In Front Of The Court"
Posted September 24, 2008 

Walter J. Hickel Interview"

Posted September 11, 2008

"The Alaskan Queen"
Posted September 9, 2008 

"Evercore Partners, Inc."
Posted September 3, 2008 

"Stalin In The
White House"

Posted September 2, 2008 

"Cal-Maine Foods Inc."
Posted August 4, 2008 

"The Mongolian Revolution"
Posted July 10, 2008 

"Mongolian Newsletter, First Edition"
Posted July 2, 2008 

"Goldsource Mines, Inc."
Posted July 1, 2008

"The Douglas Lake Story In The Age Of Fear"
Posted June 25, 2008 

"Mongolia: The 10th Richest Country in the World"
Posted June 10, 2008 

"North American Gem, Inc."
Posted June 5, 2008 

"The Emergence of Tanzania"
Posted June 4, 2008

"Tanzania - An Up & Coming Mineral & Agricultural Producer In Africa"
Posted June 2, 2008

"Western Potash Corp.

Posted May 12, 2008 

"Judy Garland &
The Subprime Crisis"

Posted April 29, 2008 

"Altek Power Corp."
Posted April 27, 2008 

"Letter to Prime Minister of Mongolia"
Posted April 24, 2008 

"The Mongolian Manifesto"
Posted April 4, 2008 

"Prime Minister Sanj Bayar of Mongolia Receives The Nobel Peace Prize"
Posted March 17, 2008 

"Olympus Pacific Minerals, Inc."
Posted February 28, 2008 

"Tanzania Gold - Douglas Lake Minerals - Harp Sangha"
Posted February 21, 2008

"Warren Buffett Receives A Call From Franklin Roosevelt"
Posted February 19, 2008

"Gold At 2000!!"
Posted February 14, 2008

"Entrée Gold, Inc"
Posted February 11, 2008

"The Unexpected
Mongolian Dilemma"

Posted February 2, 2008 

"Mongolian Gold"
Posted January 8, 2008

"Sir, Do Not Abdicate"
Posted December 27, 2007

"No More Munich -
The Mongolian Version of 1938"

Posted December 11, 2007

"Watergate Saved Nixon's Life"
Posted November 28, 2007

"The Mongolian Wakeup Call"
Posted November 16, 2007 

"Sanj Bayar -
The Prime Minister of Mongolia"

Posted November 15, 2007 

"Stalin & Chavez"
Posted November 9, 2007 

"Tagish Lake Gold Corp."
Posted November 1, 2007 

"Gold Indexed Bonds"
Posted October 11, 2007

"Jasper Mining Corporation"
Posted September 27, 2007

"Ghengis Kahn Returns"
Posted September 27, 2007

"Interview with Professor William Pfaffenberger - Torch River Resources"
Posted September 22, 2007 

"Interview with
Jim Davis - President of Leeward Capital Corporation"

Posted September 4, 2007 

"Interview with
David Hjerpe - Newmac Resources, Inc."

Posted August 27, 2007 

"The Age of Special "Corporate" Relationships"
Posted August 23, 2007

"Entrée Gold Inc."
Follow Up Report #1

Posted July 24, 2007

"Aldershot Resources Ltd."
Posted July 16, 2007 

"Portal Resources"
Posted June 12, 2007 

"Ghengis Kahn Was Hungarian"
Posted May 31, 2007

"Bayswater Uranium Corp."
Posted May 30, 2007 

"Brilliant Mining Corp."
Posted May 22, 2007

"Golden Valley Mines, Ltd"
Posted April 21, 2007

"Warren Buffett - Franklin Roosevelt"
Posted March 15, 2007

"Rubicon Minerals Corp."
Posted March 1, 2007

"Robert Friedland -
The Man of The Year"

Posted February 21, 2007

"Lexam Exploration, Inc."
Posted February 11, 2007

"My Father Died In Auschwitz"
Posted January 19, 2007

"WisdomTree Investments, Inc."
Posted December 26, 2006

"Entrée Gold Inc."
Posted December 13, 2006

"Aero Mechanical Services, Ltd"
Posted November 17, 2006

"This Year I"m Voting For Dick Nixon"
Posted November 7, 2006

"Global Options
Group, Inc."

Posted November 1, 2006

"The Arrival of the
Nickel Billionaires"

Posted October 18, 2006

"The Kennedy-Nixon debate revisited"
Posted October 4, 2006

"Brilliant Mining Corp."
Posted September 17, 2006

"A Matter of Reasonable Doubt"
Ken Lay - Enron

Posted August 30, 2006

"Silver Wheaton - SLW"
Posted August 28, 2006 

"Silver In The
Twenty-First Century"

Posted August 16, 2006

"The Age of Mediocrity"
Posted July 19, 2006

"Let There Be Sunshine"
Kirk Kerkorian

Posted July 12, 2006

"Oil & Gas
Energy Crisis Solution"

Posted July 3, 2006

"I Am An Immigrant!"
Posted June 7, 2006

"Northern Star
Mining Corp."

Posted May 19, 2006 

"Gateway Gold:
It"s A Gold Story"

Posted May 15, 2006

"Ken Lay's Legacy"
Posted May 8, 2006

"The Principal Guest Was Missing"
Posted April 25, 2006

"J.P. Morgan Offers Advice To Ken Lay"
Posted April 11, 2006

"Pocketful Of

Posted April 8, 2006 

"Midway Gold
Posted March 23, 2006 

"Harvest Gold"
Posted March 2, 2006 
"Sparton Resources"
Posted March 1, 2006 

"Interview with
Robert McEwen-
U.S. Gold Corporation
Posted February 22, 2006 

"A Tribute to
Rudy Giuliani
Posted February 15, 2006
"Your Money Is Not Yours"
-Enron & Martin Siegel, Esq.

Posted February 9, 2006

"Other People"s Money -Enron & Martin Siegel, Esq."
Posted January 28, 2006

"Northern Star Mining"
Posted January 16, 2006 
"Sonesta International Hotels Corporation"
Posted December 29, 2005 

"The Currency of Mass Destruction"
Posted December 5, 2005
"Bunker Hunt-Silver-China"
Posted November 28, 2005

"50 Relatives Worse Than Yours"
Posted November 14, 2005

"Then And Now"
Posted November 9, 2005 

"The Business of Hungary is Business!"
Posted October 31, 2005

"Mr. Prime Minister"
Posted October 13, 2005
"U.S. Gold Corp."
Posted September 29, 2005

Posted September 23, 2005

"Mr Clarke -
Call In The Boys"

Posted September 12, 2005
"A Letter To
President Bush"

Posted September 8, 2005

"Mr. Smith Goes To Hungary"
Posted September 1, 2005
"Orko Gold"
Posted August 18, 2005

 "Near Hit"
Posted August 16, 2005

"An African Queen"
Posted August 11, 2005

"1848 and Beyond"
Posted August 4, 2005



Andrew Racz. 300 East 54 Street, Suite 26C, New York, NY 10022
Phone: (212) 319-6949 Fax: (212) 753-1944. E-mail:

Copyright © 2011 Andrew Racz. All Rights Reserved.