For weeks I've been telling my subscribers that something changed in the gold market. Since Donald Trump's election there was a pretty clear pair trade between the U.S. dollar and gold. And that trade was most manifested in the price of gold in euros. During last summer gold experienced its worse (in terms of time) … Continue reading Euro Gold Ratio is a Canary in the Monetary Coalmine
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December Issue Gold Goats ‘n Guns Newsletter Released
"There is no civility, there is only politics"— Senator Palpatine, The Phantom Menace (Subscribe to the newsletter here)I've talked about breaches of trust before. Facebook is losing users because of their abuse. So will Google. But, a bigger breach of public trust is occurring politically that will have more more devastating effects on society. Leaders … Continue reading December Issue Gold Goats ‘n Guns Newsletter Released
Recession Incoming or Something Worse? 2/10 Spread Collapses
UPDATE: Now stocks are selling off and the 2/10 spread is less than 10 basis points. Gold, however, refuses to sell off while the euro pulls back versus the dollar. Mike Shedlock over at Mishtalk noted yesterday that there have been a couple of troubling inversions in the U.S. yield curve recently. They happened in … Continue reading Recession Incoming or Something Worse? 2/10 Spread Collapses
Have We Reached Peak Soros?
George Soros is losing. He still thinks he's winning. But, in reality, he's losing. All around you, if you look closely enough, you will see the spectre of George Soros lurking behind the headlines. The caravan, net neutrality, regulating Facebook, the de-platforming of independent media, color revolutions and election meddling, refugee creation and manipulation, the … Continue reading Have We Reached Peak Soros?
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?
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
Private Blog – Market Report for 9-27-2018
Signs of the Gold Apocalypse: M&A and Fund Extinction
For bear markets to truly end investor sentiment has to get to a point where they would rather walk on broken glass than buy that asset or asset class. We're reaching that point in the precious metals market. In conjunction with that we also have to see arrogance on the part of short-sellers convinced that … Continue reading Signs of the Gold Apocalypse: M&A and Fund Extinction