Silver “Scarcifies” – Precious Metals Supply and Demand
2020-07-31
The action on 27 July was not. Notice the big drop in the basis starting around midnight (London time). It falls from over 7% to under 2%.
The Dollar Is Dying
2020-08-11
Insulting the Captive Audience. This week, while perusing the Federal Reserve’s balance sheet figures, we came across a rather curious note. We don’t know how long the Fed’s had this note posted to its website. But we can’t recall ever seeing it.
What You Will Find When You Follow the Money
2020-08-17
Lockdown Disaster. It has been a rough go for California Governor Gavin Newsom. Late last week it was revealed that the state Department of Public Health had tickled the poodle on its COVID-19 record keeping. Somehow the bureaucrats in Sacramento under-counted new corona-virus cases by as many as 300,000.
Janet Yellen: Too Dumb To Stop
2020-12-10
Autographing Funny Money. The United States Secretary of the Treasury bears a shameful job duty. They must place their autograph on the face of the Federal Reserve’s legal tender notes. Here, for the whole world to witness, the Treasury Secretary provides signature endorsement; their personal ratification of unconstitutional money.
Grantham’s ‘Real McCoy’ Bubble in a World Gone Mad
2020-12-21
The Lure of Easy Money. Right now happens to be an attractive time to do something stupid. What’s more, everyone is doing it. Maybe you are too. Stock valuations and corporate earnings growth no longer appear to matter. Why not buy an S&P 500 index fund and let it ride? Or, better yet, why not buy shares of Nvidia?