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  • US Factories Crushed By Strong Dollar
    By on April 27, 2015 | No Comments  Comments
    Government statistics are always suspect, for at least one obvious reason: Modern economies are way too big and complex to measure in real-time. So virtually every number is revised in the months after its release, frequently to the point of saying something very different. But by then lots of new d...
  • China Stock Mania’s Global Risk
    By on April 26, 2015 | No Comments  Comments
    The Chinese stock markets have been rocketing higher in a popular speculative mania.  New Chinese investors are flocking to their local red-hot markets, borrowing heavily to buy hyper-speculative stocks.  Like all past manias, this one is guaranteed to end badly.  And when China’s parabolic sto...
  • The Coolest Silver Coins, Finally Back On The Market
    By on April 25, 2015 | No Comments  Comments
    In 2005 a New Jersey car dealer named Chris Duane started questioning the system that let his customers borrow ridiculous amounts of money to buy the frivolous things he was selling. He studied a little monetary history and concluded that fiat currency was a doomed concept and that sound money, espe...
  • What Gold’s Bull Market (That’s Right, Bull Marke...
    By on April 12, 2015 | No Comments  Comments
    One of the oddities of floating exchange rates is that they cause people to view the world in terms of their own national currency. For Americans that means looking out through a window that is distorted by the dollar’s recent surge. A C$100-a-night Vancouver BC hotel room, for instance, cost abou...
  • Gold-Futures Short Covering
    By on April 11, 2015 | No Comments  Comments
    Gold’s bottoming consolidation grind continues, with investment demand still garroted by sky-high world stock markets and the parabolic US dollar.  With investors missing in action, gold prices remain totally at the mercy of American futures speculators.  These perpetually-bearish traders are on...
  • Silver Fortunes
    By on April 5, 2015 | No Comments  Comments
    The Spaniards of centuries past controlled the world’s elite maritime fleet.  And this fleet’s colonization of the Americas is well-documented.  The Spanish Crown would have told you their primary mission was to convert the indigenous people to Catholicism.  But in reality it was trade and a ...
  • We’re All Hedge Funds Now, Part 2: Tech Startups an...
    By on March 28, 2015 | No Comments  Comments
    Watching formerly risk-averse investors adapt to a negative interest rate world is almost as much fun as watching Europe try to keep Greece and Germany in the same financial family. In each case, success depends on all the parties becoming something they really don’t want to be. On the negative in...
  • Gold to Fuel Silver Upleg
    By on March 28, 2015 | No Comments  Comments
    Silver reversed sharply higher over the past week or so, surging dramatically.  This was just after it had successfully retested major secular lows, ramping the odds this strong buying is the vanguard of a long-overdue major new upleg.  As usual, silver’s coming gains will be fueled by gold’s ...
  • We’re All Hedge Funds Now
    By on March 26, 2015 | No Comments  Comments
    As negative interest rates spread from Switzerland, Japan and Germany to the rest of the developed world, people with money to invest face some life-defining choices. Retirees who need to generate 6% to avoid dipping into principal can’t get there with bank CDs. Pension funds that have promised an...
  • Silver Poised to Surge
    By on March 23, 2015 | No Comments  Comments
    Silver is scraping major support again, after a rough couple months where speculators left it for dead.  But today’s brutal lows and extreme universal bearishness are the perfect breeding ground for silver’s next big rally.  Investors are very underexposed, while speculators have big short pos...
  • How Low Can The Euro Go? (Or Is That The Wrong Questi...
    By on March 15, 2015 | No Comments  Comments
    The euro is tanking again, as the ECB starts buying bonds for its long-promised “whatever it takes” QE program. Today’s exchange rate move is dramatic enough to generate headlines like this, from Forbes: Euro Nears Parity With U.S. Dollar And the decline is accelerating: What we’re seeing h...
  • Trading the Parabolic Dollar
    By on March 14, 2015 | No Comments  Comments
    The mighty US dollar has been red-hot in March, rocketing higher on the incredible divergence of major central-bank policies.  While the Federal Reserve’s first rate-hike cycle in 9 years looms, the European Central Bank has started aggressively monetizing sovereign debt for the first time ever....
  • Aftershocks, Part 1: That Austrian Bank
    By on March 13, 2015 | No Comments  Comments
    Sometimes little things are the start of much bigger things. Probably the most famous historical example of this is the June 1914 assassination of an Austrian archduke who, it’s safe to say, 99% of the world had neither heard of nor cared about. But the aftershocks of the deed produced the biggest...
  • Apple iWatch and Some Crazy Gold Numbers
    By on March 10, 2015 | No Comments  Comments
    As Apple starts selling its new smart watch there are some, well, crazy-sounding predictionscirculating about the amounts of gold the company might soon be buying. The math goes like this: Each gold version of the watch will contain around two ounces, and the company might sell 10 million of them a ...
  • Going for Mexican Gold
    By on March 3, 2015 | No Comments  Comments
    Mexico’s massive precious-metals belts are some of the world’s finest.  As global #1 in silver production they are obviously quite well known for the shiny-white metal.  But these belts have also been flexing their gold muscles recently, placing Mexico among the world’s top-10 producers. Mex...
  • Gold and Fed Rate Hikes
    By on February 23, 2015 | No Comments  Comments
    Gold’s sharp early-year surge has fizzled in recent weeks as investment demand faded.  The primary reason is the universal belief that the Fed’s upcoming rate hikes are very bearish for gold.  Higher rates will make zero-yielding gold relatively less attractive, argues this popular thesis.  B...

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