Silver’s scary sell-off
Silver and silver-related assets were smashed across the board on Friday as the World Bank and IMF met in Washington, DC to discuss the worsening global crisis. Other commodities saw sharp declines as...
View ArticleHas gold finally bottomed?
Let me start by saying I think it’s hard for anyone to call a bottom. Many experts do, and often they do so with the guidance of charts, fundamental analysis and other informed speculation. I am no...
View ArticleGold continues tumble without outside catalyst
Producer prices were flat as was the US dollar index, but that didn’t stop a determined seller from pushing gold prices down this morning. What is driving the selling pressure? Most traders are paid to...
View ArticlePsych! No hike.
With all the prognostication of an interest rate increase happening from Fed watchers and certain economists, I feel a sense of Deja Vu for previously expected rate hikes in this business cycle. There...
View ArticleChina halts, dollar faults, buyers bolt
Storms are brewing. The wind will carry them from the east to the west. Be careful out there. Thursday will be another difficult day in stocks and risky credit markets. The dollar is no longer being...
View ArticleNegative interest rates, positive investment returns?
I wrote in January that it was time to look at the resource sector. Since then energy, materials and precious metals producers have provided double digit returns. And this is likely only the beginning....
View ArticleCorrection brings opportunities in resource sector
The resource sector is getting slammed today on account of a marginally higher dollar, and one dissenting Fed member (Bullard) jawboning an April rate hike (conceivably to test the market’s reaction)....
View ArticleUS economic and precious metals outlook
I remain reluctantly bullish on gold, silver and platinum (and bearish of palladium). I fear we are entering a time of turbulence via geopolitical events, monetary policy tightening (during the...
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