Conventional wisdom holds that stocks and gold are inversely correlated, which is to say they move in opposite (or at least unrelated) directions because they serve different purposes in a typical portfolio. Stocks are for capital gains in good times, gold is for protection in bad times. It doesn’t always work out that way, largely […]

The recent back-and-forth precious metals action has left a lot of people frustrated with both the metal and the “permabulls” in this space. Fair enough. Gold has almost doubled from its 2015 low, but it’s done so in a really boring way, which is the ultimate crime in the blow-off stage of a financial bubble […]

Sometimes it helps to zoom out a bit. For gold (at least when priced in US dollars), the past few years’ action has seemed boring, one might even say directionless. But move the starting date back and flip the graphical relationship between metal and currency, as 321Gold’s Stewart Thompson recently did, and the picture looks […]

Let’s start with a look at how the dollar has fared since the Federal Reserve gained control of it: Chain reaction A depreciating currency typically causes a chain reaction in which soaring debt leads to financial instability which in turn forces the central bank to intervene ever-more-aggressively to prevent an implosion. This intervention frequently manifests […]

Gold bugs should never assume that the mainstream investing community actually understands finance. That includes the Wall Street Journal, which recently published an article (Gold as an Inflation Hedge: What the Past 50 Years Teaches Us) purporting to show that gold does not protect against a depreciating currency. The article begins with a couple of subheads… […]

Excerpted from Jay Taylor’s MiningStocks.com: The insights below were gathered from an excellent article by Matthew Piepenburg of Matterhorn Asset Management on “the implications behind central bank gold purchases (rising), negative real yields (falling), and Stanley Fisher’s Fed-speak (cringing).” Central Banks Are Buying Gold Like Mad! Why? You really need to watch what central banks […]

There are several ways to build and then sell a junior precious metals miner. One is to find and delineate a deposit that’s instantly ready to contribute to an acquiring company’s bottom line. See Great Bear Resources. Another strategy is to just go out and find ounces. Don’t worry about whether those ounces are economic […]

From Katusa Research: Since the start of the year, central banks have purchased over 4 million ounces of gold. April was a big month for central bank activity. Over half the amount of gold purchased in 2021 was in the month of April alone. In April, central banks acquired 2.45 million ounces – worth over […]

Excerpt from Lawrence Lepard’s Equity Management Associates Q1 Report:  We believe we are in the early to middle stages of a worldwide sovereign debt bubble collapse. The “bubble” which exists today is in debt and the currencies which are backed and supported by this debt. This is a very big deal and does not happen […]