Political Nightmares Multiply for Europe Ahead of Davos

Europe's dreams of integration are slipping away as the people wake up from the nightmare erected for them. As we approach Act IX of the Yellow Vest protests in France and the threats of creating bank runs we get the news that both Presidents Trump and Macron will not be attending the convocation of globalists … Continue reading Political Nightmares Multiply for Europe Ahead of Davos

Private Blog – Market Report 12-5: The Trump Put

With the markets waking up to the fact that Trump is truly economically illiterate when it comes to tariffs and trade we're seeing a major move in risk-off assets.  I have a new Private Blog up for Patrons discussing this. You can access the Private Blog by pledging a minimum of $4/month at my Patreon.

Has China Finally Lifted its Thumb off of Gold?

There's a lot of talk about the Yuan price of gold falling out of a price suppression channel.  Both Zerohedge and Nomura have weighed in on this. The Yuan price of gold surged overnight to above CNY 8500 per ounce which is a major breakdown.  But it's also indicative of something that has long been … Continue reading Has China Finally Lifted its Thumb off of Gold?

Merkel’s End Could Spark EU Breakdown

The pieces have been moving into place for months now.  German Chancellor Angela Merkel has seen her power within German political circles wane for more than a year.  Italy's opposition to the European Union's budget rules is stiffening. Bond yields are beginning to not just rise, but blow out uncontrollably. The Fed keeps raising rates … Continue reading Merkel’s End Could Spark EU Breakdown

Gold Goats ‘n Guns Live — Trump Should Thank Iran as the Dollar Blows Out

Last week I theorized that Donald Trump's insane bluster over Iran and the JCPOA could be the catalyst for a massive rally in the U.S. dollar.  This rally would touch off global contagion as bond yields around the world blow out to the upside. Yesterday's 10 basis point drubbing of the U.S. 10-year Treasury Note … Continue reading Gold Goats ‘n Guns Live — Trump Should Thank Iran as the Dollar Blows Out

Are Russian Bonds Toxic Waste or Golden Eggs?

One man’s toxic waste is another man’s golden goose.  A new round of economic sanctions imposed on Russia last month by the U.S. is creating havoc in investment circles.  A recent article by Ben Aris at Russia Insider describes Russian debt assets as ‘toxic waste again.’ That doesn’t mean these Russian debt assets actually are … Continue reading Are Russian Bonds Toxic Waste or Golden Eggs?

Gold Goats ‘n Guns Live – Korean Peace, Merkel’s Conundrum, Bond Market Insanity

Fair Warning today's installment is NSFW as I'm in high dudgeon over the undo credit President Trump is receiving over peace breaking out on the Korean peninsula.  This is an historic event that Americans really need to realize we are not the primary drivers of everything that happens in the world. The Koreans pushed for … Continue reading Gold Goats ‘n Guns Live – Korean Peace, Merkel’s Conundrum, Bond Market Insanity

Private Blog: U.S. Treasuries and the 3% Limit

New Private Blog post up concerning this morning's breach of the 3% level by the U.S. 10 Year Treasury Note.  It's since backed off but there are real long-term implications if things go much further soon. To sign up for the Private Blog you can join my Patreon and pledge at the $4/month level or … Continue reading Private Blog: U.S. Treasuries and the 3% Limit