Stocks jump, Treasury yields plunge as Fed says no more rate cuts this year … Chinese companies defaulting at an ‘unprecedented’ level … CNBC: FedEx just warned the whole globe is slowing … Gold and silver up on dovish Fed … Best Of The Web Markets are more complex than our brains – AIER […]
The Coming Wave Of High-Tech Authoritarianism
One of history’s hard lessons is that collapsing financial systems beget authoritarian politics. Today’s world, alas, is following this script, as rising debts lead to wrenching political changes in nearly every country that holds free elections, while fascism and socialism are once again being taken seriously by people who in normal times would inhabit the […]
Jay Taylor: Under “Basel III” Rules, Gold Becomes Money!
In his latest newsletter commodities analyst Jay Taylor notes that a very important date is approaching: In 2018, central banks added nearly 23 million ounces of gold, up 74% from 2017. This is the highest annual purchase rate increase since 1971, and the second-highest rate in history. Russia was the biggest buyer. And not surprisingly, […]
Top Ten Videos — March 17
Frank Holmes: “You should be buying as much gold as you can” … Peter Schiff: Pricking the dollar bubble will be the real crisis … Max and Stacy: “Turns out they can’t taper the Ponzi” … Yet another reason to appreciate anti-war candidate Tulsi Gabbard … […]
The Coming Wave Of Junior Gold Miner Buyouts
Spend a little time researching gold mining stocks and you’ll notice that once you get past a handful of familiar names there’s a long list of companies you’ve never heard of. Most of these are the proverbial “hole in the ground with a liar standing next to it.” But a fair number are real miners […]
Central Banks Cave, Usher In The Crack-Up Boom
This was going to be the year when the other big central banks joined the Fed in “normalizing” interest rates and reversing the past decade’s QE experiment. Instead, the other central banks blinked and went back to aggressive ease, and the Fed is following them. This is a very big deal. Let’s consider some before-and-after […]
Poetic Justice For The Aristocracy
Two points about today’s political economy – and then a prediction involving Illinois: Point One: What’s coming is poetic justice for the aristocracy. The wave of populism/socialism/proto-fascism that’s sweeping the US and Europe is a direct result of the breathtaking hubris of a ruling class that didn’t know when to quit stealing. While it is […]
Three Junior Miners You’ll Be Hearing About
In the notoriously hype-ridden junior miner space there’s never a shortage of great-sounding stories. Most fail to pan out, which means investors who survive in this sector are first and foremost cynics. Still, some juniors do end up succeeding in a big way. Here are three that have a good chance: Great Bear Resources A […]
Big Opportunity In A Small Uranium Miner
In the last Uranium bull market (2005-2007) the price went from $7 to $136, while shares of uranium exploration companies rose between 2,000% and 10,000%. Another up-cycle began last year, and Blue Sky Uranium is positioned to be one of the big winners. Here’s a brief but illuminating interview with Nikolas Cacos, Blue Sky’s CEO.
Remember, The Fed Hasn’t Actually Done Anything Yet
When the financial markets got, um, choppy towards the end of 2018, the Fed caved almost instantly. But only rhetorically. Fed chair Powell promised to stop raising interest rates and shrinking the money supply, and the financial markets, trained to salivate at the sound of Fed happy talk, immediately morphed from “risk-off” to “risk-on.” Stocks […]
Robert Moriarty’s New Book Will Save You A Lot Of Money
If you’re paying attention you’re probably 1) watching gold rise along with global instability, and 2) wondering if it’s finally time to load up on precious metals mining stocks. But of course you have no idea how to do this successfully, because hardly anyone does. Robert Moriarty – veteran mining analyst and proprietor of the […]
Really Bad Ideas, Part 7: Open Borders
Now that we’re all free to speak our minds (maybe we should we call this the “post-political-caution world”) a lot of previously discredited ideas have re-emerged and are being tossed into the debate – apparently without much thought to, for instance, their horrendous unintended consequences. One such idea that’s, ahem, gaining a lot of currency […]
Finally, Asset Forfeiture Is Ruled Unconstitutional — Sort Of
Among all the many things governments do that seem to violate the Constitution — not to mention common sense and basic fairness – asset forfeiture stands out. Believe it or not, states and cities now partially fund themselves by arresting people, taking their stuff and then failing to return said stuff after deciding not to […]
Hello Old Friend…Gold Nears $1,350 Resistance That Has Repelled It Four Times In 5 Years
The past five years have been baffling for gold bugs. In an environment of massive central bank money creation, rising government deficits and a populist takeover of many countries’ political systems – all of which should be great for safe haven assets – gold has spiked to around $1,350 four times, only to be smacked […]
Doug Noland: Central Banks Are “Hostages Of Market Bubbles”
Doug Noland’s weekly Credit Bubble Bulletin is always required reading. The latest – befitting the amazing things that have happened lately – is more necessary than usual. But at 10,000 words it’s also a lot longer than usual. So while everyone should definitely read the whole thing, here are some excerpts to get you started: […]
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