Commentaries

There are several indications that the currency war is heating up, the gloves are coming off and new players are piling into the barroom brawl.

I wrote nearly a month ago that “The Worse Things Were For The Mining Sector, The Better They Will Get”.

I read a piece this morning by Josh Brown, the Reformed Broker, in which he destroys the 1999 comparison for the stock market.  He makes some excellent points about why the stock market is not only not over valued compared to 1999, but is actually a bargain.  You should read it because we should all be … Continue reading

The US government usually admits to “price inflation” of about 2%/year. As far as we can tell, the actual rate is probably at least 5%/year, but no more than 7%/year. Let’s say 5%/year for the sake of argument.

There has been a growing shift in favour of assets relative to bank deposits.

The latest World Gold Council Gold Demand Trends report shows that the gold market is driven by diverse global demand, and the appetite for owning gold jewelry, bars and coins continues to grow.

The last long-term bull market in gold-mining stocks, which ran from the early-1960s through to 1980, occurred in parallel with a major upward trend in interest rates, a steady undercurrent of “inflation” fear, and the occasional dramatic “inflation” scare.

In August 2011 I wrote to the Financial Services Authority to seek confirmation that the London-based custodians of SPDR Gold Trust (GLD) and iShares Silver Trust (SLV) were being regulated as custodians, despite the fact that physical bullion is not a regulated investment.

T.S. Eliot called April “the cruelest month” in his famous poem, and without a doubt April was cruel to many gold investors.

The usefulness of sentiment’s stealth crystal ball is about to be revealed to the litany of unsuspecting precious metal bears and skeptics who have convinced themselves that gold’s bull market is either over or, at the minimum, in need of lengthy ongoing retesting, restructuring and consolidation.