Canada has a new Prime Minister. His name is Justin Trudeau. “Trudeau has pledged to run small budget deficits and spend on infrastructure to stimulate economic growth, which has been anemic for years. He has also promised to raise taxes...
Is the US dollar still the most important safe haven for fiat enthusiasts? Simply put, the yen acted as a safe haven during the stock market crash, and the dollar acted as a “risk on” asset. The dollar is now trading in a fairly large...
In late 2014, many investors in the Western gold community decided to invest the booming US stock market. I warned that without QE, the US stock market was turning into a “wet noodle”, and rate hikes could cause a global markets crash, in...
As I write this update, US stock markets have already given up all of yesterday’s gains this morning. To make an already-bad situation worse, “Quadruple Witching Hour” occurs on Friday. Individual stock options, stock futures, stock...
Most mainstream money managers and gold analysts believe that US rate hikes are deflationary. In contrast, in the current global economic environment, I see them as inflationary. I made it clear several years ago that I viewed QE as a...
Whether US equities are in a bear market or not is debatable. Regardless, I think there’s now a 60% chance that Janet Yellen will hike rates on September 17. If global stock markets stabilize and rally over the next week or so, Janet will...
Have US stocks entered a bear market? In most assets, MSM (mainstream media) uses a 20% decline as a rule of thumb to define a bear market. While an asset that’s declined 20% might be in a bear market, that rule of thumb is at best a very...
The FOMC minutes release tomorrow should bring some short-term weakness to global gold prices, but I expect many individual gold and silver stocks to continue their strong rallies.
China stunned many mainstream media (MSM) analysts this morning. The country’s central bank (PBOC) just devalued its fiat currency by about 2%!
In an inflationary environment, silver bullion and junior/intermediate gold stocks tend to outperform gold bullion and senior gold stocks.