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?

Salvini Stoking Italian Risk on Eve of Bavarian Elections

So, let's talk Germany v. Italy in a no-holds barred, tag-team grudge match for control over the future of the European Union. Because, make no mistake, that is exactly what is on the table when we analyze what is happening in the EU.  Man of Many Hats, Matteo Salvini, is in the driver's seat pushing … Continue reading Salvini Stoking Italian Risk on Eve of Bavarian Elections

Is Gold Decoupling from Debt?

When I went outside this morning to wrangle my goats to milk them, I noticed something had changed.  All of a sudden it was October.  It was chilly in a way that only fall in North Florida could be, slightly drier and more temperate.  While it was a cold, wet summer for the most part, … Continue reading Is Gold Decoupling from Debt?

Gold Goats ‘n Guns Live – The Hills are Alive with the Sounds of Panic

The theme for this livestream is panic.  Panic is building everywhere among the elites that believe they run the world. From the mass banning of Alex Jones to chill the forums of political speech to the coordinated media attacks on Turkey's financial system to bring that country low and back into the U.S.'s sphere of … Continue reading Gold Goats ‘n Guns Live – The Hills are Alive with the Sounds of Panic

Looks Like Italian Default is Back on the Menu

Italian Deputy Prime Minister Matteo Salvini was right to call out the EU over the failure of the bridge in Genoa this week.  It was an act of cheap political grandstanding but one that ultimately rings very true. It's a perfect moment to shake people out of their complacency as to the real costs of … Continue reading Looks Like Italian Default is Back on the Menu

Is China’s Day of Reckoning Coming?

Lost in all of the geopolitical noise are some basic concepts of economics.  It's no secret that China's economy has been built by their openly mercantilist economic policies. Mercantilism is, oddly enough, President Trump's dominant economic philosophy.  It involves protection of domestic producers through high barriers to foreign investment and a cheap currency created through … Continue reading Is China’s Day of Reckoning Coming?

Five Pillars of Debt Default

Regular readers of Gold Goats ‘n Guns know that I’ve been handicapping a major sovereign debt default to begin here in 2018 or early 2019.  But, what do I mean by that? How does a sovereign debt default come about?  And who will default? There are a staggering number of factors that feed into this … Continue reading Five Pillars of Debt Default

Gold Goats ‘n Guns Live – The Dollar Melt-Up and Catatrophic Rate Rise Begins

With the bearish closes in the 10-Year U.S. Treasury market this week we are now facing the next leg of dollar illiquidity spilling over into larger markets.  Emerging markets such as Turkey, Malaysia and Brazil are taking it on the chin. But, now Mexico is staring at an ugly currency meltdown as the Peso flirts … Continue reading Gold Goats ‘n Guns Live – The Dollar Melt-Up and Catatrophic Rate Rise Begins