The World Bank just issued an important new report, “Global Waves of Debt, Causes and Consequences”. https://www.worldbank.org/en/research/publication/waves-of-debt It is a 221-page report that looks back at three previous debt waves. They all started in about 1970, not surprisingly when the last discipline of the gold standard was removed from the … Readmore
Gold appears to have ended its corrective phase that began last September. After some bottoming action, momentum appears to have turned upward in mid-December. It broke out of its “pennant” or rising wedge formation at $1500 and quickly moved through old highs at $1520 and then $1540 today. This should … Readmore
One of the games financial analysts play is to compare the return on different investments in order to make their case for one investment over the other. Because all markets fluctuate, it allows the innovative analyst to pick periods of time that will reflect favorably upon whatever they happen to … Readmore
“Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic destruction, and does it in a manner which not one man in a million is able to diagnose.” … Readmore
There is growing evidence that the world is evolving towards chronic massive deficit spending and new money printing schemes based on Modern Monetary Theory. We think gold is in the early stages of a new bull market that will eventually carry prices well north of the last peak around $1930 … Readmore
It might have surprised some readers that several weeks ago (August 20th), we suggested gold was putting in a short-term top. Understand, we think this is just a normal correction in an ongoing bull market. It is vitally important that you keep the bull market in mind. Why? Because this … Readmore
Back on April 12th and again on June 13th, we mentioned the tremendous opportunity developing in the gold to silver ratio trade. While readings above 80:1 are fairly rare, readings in the mid-90s are extremely rare and we wanted to bring that to your intention. Below is the long-term historic … Readmore
Readers of this blog should be aware that we believe gold has entered a new bull market. While we believe this to be true, bull markets don’t reach their objective in one smooth move. It is typically “two steps forward and one step backward” kind of action. A step back … Readmore
What is a bull market? A bull market is a sustained upward trend in prices. Typically, this can last for a number of years. Then it is followed by a bear market, which is a sustained decline in prices. Put the bull phase together with the bear phase and you … Readmore
Gold has advanced decently of late, pressing to a six-year high. Despite all the chatter about how undervalued silver has been, it has not done nearly as well. In fact, it still does not look like it is even in an uptrend yet. Silver has disappointed a lot of its … Readmore
