Archive for May 2021
The Fed’s Conundrum
Stocks rallied last week interrupting what looked like a possible set-up for a correction. Despite the rally stocks are extended here. Gold and silver continued their respective rallies as did US Treasuries. As inflation is heating up worldwide, there is growing interest in protecting oneself from the loss in purchasing power that comes with higher…
Read MoreCryptos and the Everything Bubble
Over the past couple of weeks, I observed that from my analysis stocks looked extended and could be poised for a correction. I also noted that gold and silver were beginning to appear more bullish. At least in the short term, it seems that these trends are still intact. US Treasuries are still technically bullish…
Read MoreInflation and the Price of Gold
As noted last week, stocks looked extended. Stocks look even more extended this week. Gold and silver are beginning to look more bullish and despite a bad week for US Treasuries, we remain technically bullish on the long bond for now. As I have been warning for a long time, the Fed’s money creation policies…
Read MoreMoney Printing, Inflation and Unintended Consequences
As I have been discussing for a very long time, the current economic policies being pursued will likely result in the realization of Thomas Jefferson’s warning to us more than 200 years ago. If you are a new reader, Mr. Jefferson warned us that we should not allow private bankers to control the issue of…
Read MoreGreenspan the Gold Bug?
Markets were once again quiet last week. Emerging market stocks continue to show weakness and the bond markets may be beginning to show signs of life. Last week, I shared a chart of the “Buffet Indicator” a stock valuation tool that was named after Warren Buffet after he revealed in an interview it was his…
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