For most of my professional investment career beginning in 2007, I’ve been a gold bull. Having studied the work of the great Austrian economist Ludwig von Mises in college, I early understood the fundamental role monetary policy plays in the…
The precious metals have been on fire the last four months and The Wall Street Journal took notice this morning in an article on the front of their “Business & Finance” section. The most popular gold and silver miners ETFs…
ANOTHER BEAR MARKET RALLY: The stock market has rallied nicely the last couple of months and once again the bulls are saying the bottom is in. It isn’t. Like March and August this is another bear market rally – though…
Leading gold miner Newmont (NEM) reported 3Q22 earnings Tuesday morning. NEM continues to execute with 1.49 million ounces in attributable gold production putting it on pace for 6 million ounces of production in 2022. Adjusted EBITDA of $850 million and…
When I go out I like a burger with fries or a margarita with salt. But that’s not what the market is serving. We’ve got a Fed pivot with weak earnings. What should we do? Obviously a Fed pivot –…
Stocks rallied Friday as The Fed Whisperer Nick Timiraos penned a column suggesting that the Fed may be close to pivoting to a less hawkish stance. Timiraos suggested that – while the Fed will raise another 75 points on November…
We’re hitting peak inflation and yet the dollar remains as strong as it is. That doesn’t point to a meaningful recovery for gold prices – Shannon Saccocia, Chief Investment Officer SVB Private (quoted in WSJ) It’s been a long, miserable…
An interesting meme has taken hold of the crowd mind that is financial markets in recent weeks: The Peak Inflation Narrative. It started when Powell signaled a 50 basis point hike on Thursday April 21 and has gained momentum since….
The combination of an oversold market and good enough Facebook (FB) earnings may result in a squeeze higher Thursday. If we start to see a trend day higher, investors may pile in and shorts who have overstayed their welcome will…
The precious metals miners are getting whacked for the third straight day Monday in the wake of Powell’s hawkish comments on Thursday. It’s pretty incredible to me that after nearly 15 years of insanely easy money, a few words from…