Jun 24

A Tale Of Two Asset Classes: Gold Miners

The following tables illustrate the dilemma of mainstream money management. The vast majority of legitimate financial advisors and portfolio managers…

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Jun 24

Will The European Union Just Dissolve?

Now the real fun begins. Last night Britons voted to leave the European Union, sending shock waves around the world —…

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Jun 23

A New Balance Of Power In The Gold

Gold analyst Michael Ballanger just posted an article noting how much things have changed — perhaps for the better —…

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Jun 19

Brexit Rules The Week

The Brexit vote is this Thursday, so nothing else matters until then. And polls, just to make it even more…

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Jun 15

Will Brexit Give The US Negative Interest Rates?

One of the oddest things in this increasingly odd world is the spread of negative interest rates everywhere but here.…

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Jun 10

Big Names Bailing

The list of heavy hitters who are saying bad things about this world and its financial markets — while acting…

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Jun 9

Unintended Consequences, Part 3: “How Do I Get

The theory was pretty straightforward: push interest rates down far enough — in some cases to negative territory where borrowers…

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Jun 6

Major Libertarian Victory Coming In November

No, not the presidential election. That’s a libertarian nightmare no matter how you slice it. But on that same day, California…

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Jun 2

Junior Precious Metals Miners: Go With Who You

The first few months of this year gave a little taste of what’s to come for the junior precious metals…

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May 29

Trickle-Down Crash? Trophy Assets Suddenly Tanking

One of the defining traits of the past few years’ “recovery” has been the torrent of money flowing from big…

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May 27

Unintended Consequences, Part 2: Easy Money = Overcapacity

It’s unclear what China was thinking when it was borrowed all those trillions to quadruple its capacity to make steel,…

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May 24

Gold Mining Buy-Out Binge Coming, And That’s A

This is a good news/bad news story. Say you’re one of the many people who bought junior gold and silver mining…

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May 22

Why We’re Ungovernable, Part 14: Austria’s Two (Formerly)

Austrians went to the polls today to elect a new president. But for the first time in living memory the…

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May 19

Unintended Consequences, Part 1: Easy Money = Overcapacity

Somewhere back in the depths of time the world got the idea that easy money — that is, low interest…

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May 16

How Stupid Do You Have To Be, Part

"Of course there are true copper bottomed mistakes, like spelling the word “rabbit” with three m’s, or wearing a black…

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May 11

Macy’s Crushed By Amazon, Italian Banks Crushed By

This is a tale of changing environments and the organisms that are, as a result, dying off. First, consider the bricks…

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May 9

China Stops Trying To Fool The World; World

Something interesting has happened. China earlier this year responded to falling stock prices by borrowing a trillion dollars and spending…

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May 7

Wall Street Is Falling Off A Cliff, And

For the past 50 or so years, the quickest way for a sharp young sociopath to get rich has been…

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May 2

A Currency War Battle That Europe and Japan

The dollar is tanking lately. From a high of around 100 in December, the dollar index — which measures USD…

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