Gold is Sending a Very Important Message: Prepare NOW!
Another day, another record for gold prices. Just sitting here at my desk, whipping up a tweet to comment on gold relative to stocks and bonds, and I look at my trading screen and there’s gold, surpassing a new high above $2,940. Frankly, I now think my base-case gold price of $3,250 for 2025 might […]
Trump and Crypto: Why I’m Increasingly Happy About Trump 2.0
We are now just days away from Trump v2… In the weeks since DJT reclaimed his right to occupy the Oval Office, I and much of the rest of the economically cognizant world have been reading tea leaves and consulting our Ouija boards, trying to divine just where Trump will lead us all, based on […]
Taking a Victory Lap on Oil… and Other Calls
We’re gonna take a small victory lap today. The risk here is that karma steps up, slaps me upside the head, and says, “Never do that again, El Jefe! Just be humble and move along, you little braggart…” So be it… The victory we’re lapping has to do with the oil market. For many a […]
5 Signs the US Economy is F’d.
Another day, another sign—or five—that the illness is probably terminal. The mainstream financial press seems to be overlooking these signs, or at the very least lazy in not connecting the dots. Sort of like a doctor not commenting on a patient’s obesity, chain-smoking, addiction to chili-slathered bacon triple cheeseburgers, and the fact that the dude […]
Pregnancy, Queen Elizabeth, and U.S. Debt…
Crisis, like pregnancy, never just happens. There’s always a precipitating factor. Of course, as with the causes of pregnancy, those precipitating factors are all fun and games in the moment, when no one is really thinking about later down the line. But that’s humans for you: Don’t harsh my high in the present by telling […]
Don’t Cry for Me, Argentina – Just Send Bitcoin
Punishment at school hit different when I was a kid—literally. None of this namby-pamby shit we have today, where teachers who give zeros to students who don’t do their assignments are fired for creating an environment destructive to a student’s academic growth (true story; weak generation). I was in fifth grade. A rainstorm had passed […]
Janet Yellen is Yellin’ and Ain’t Nobody Listening
We pick up today where we’ve left off a thousand times before: Wondering why people ignore the obvious… If you spend any time on TikTok (and I spend much too much time on TikTok before bed) you might have seen the videos of idiots in places like Yellowstone National Park who approach wild bison for […]
The Problematic Trend Change No One is Watching…
What goes up must come downSpinnin’ wheel got to go ’roundTalkin’ ’bout your troubles it’s a cryin’ sinRide a painted pony let the spinnin’ wheel spin – “Spinning Wheel,” Blood, Sweat & Tears Today, we start with a chart. This chart… The message in a nutshell: Trouble is here. As the header on that chart spells […]
Why Gold Will 2x by 2027…
Maybe I was too conservative. Many a week back, I wrote that I expected gold prices to hit $2,500 by 2025. Had a certain ring to it. And gold—then in the $2,350 range—clearly had the momentum to push it toward that goal. But gold has just casually sailed to $2,429, setting yet another record high, […]
Seagulls and The Substitution Effect (Bad News for the Dollar)
Late spring here in Kotor Bay, Montenegro. A gray and chilly morning. Rain plinks on the ground. Tourist season has not yet arrived, and I am one of only three people who’ve come down to the pool area for breakfast by the bay. A gaggle of seagulls squawk and caw and mew, severely miffed that […]