Update:  Stocks and Silver

          There were two big market movers last week.  Stocks and silver both advanced between 3% and 4% on the week.           As far as stocks are concerned, the downtrend line that has been in place since January of 2022 has now been broken to the upside, as noted on the weekly chart of an…

Read More

Are Currency Changes Imminent? – Part 2

          The big news in financial markets last week was the big decline in US Treasuries.  Not surprising given the news I discussed last week; Russia has now loosely tied its currency, the Ruble, to gold and required any country that Russia deems to be unfriendly to use Rubles or gold when trading with Russia.…

Read More

The Current Level of Money Creation is Unsustainable

         This week, I want to focus once again on proposed money changes being discussed and implemented around the world.          I will preface this discussion by once again stating the obvious – the current level of money creation is completely unsustainable.  History teaches us that money printing always ends badly and the end of the cycle…

Read More

Bailout or Not: Many States and Cities Are In Trouble

As I suggested might happen on my “Portfolio Watch” live webinar last week, both gold and silver pulled back after big, parabolic moves up.  It would not be unusual to see the pullback continue for a bit or to see these markets consolidate.  From a fundamental perspective, I remain bullish on precious metals.  By my…

Read More

Economic Recovery and the Possible Future of Money

This past week, I had many conversations with clients and other financial professionals about where the economy goes from here. There is no shortage of strong opinions about the current economic environment brought about by the restraints placed on the economy with the stated goal of protecting public health.  I’m sure you have your opinion…

Read More