Jay Taylor Media, Released on Released on 4/12/23The United States claimed the world's reserve currency after President Nixon detached gold from the dollar and arranged to have OPEC require all international oil sales be priced in dollars. But, as economist Robert Triffin understood, in order to have the world's reserve currency it required the U.S. to destroy its domestic economy by running huge...Read More
McClellan Financial Publications, IncPosted Dec 18, 2019December 13, 2019Food prices are poised to see their biggest rise in several years, and not just because China is going to become a buyer again of U.S. agricultural goods.There is a different reason for expecting food prices to rise, and it is contained in this week’s lead chart. Gold prices act as a leading indication for lots of diffe...Read More
McClellan Financial Publications, IncPosted Dec 31, 2019December 27, 2019Gold prices are seeing a Christmas week pop, getting all of the gold bugs excited again.But the smart money “commercial” traders of gold futures have a different vision of the future. Every Friday, the Commodity Futures Trading Commission (CFTC) publishes its Commitment of Traders (COT) Report, detailing the numbe...Read More
And just like that, it never happened!The S&P 500 just broke to a new record high...Continue...Read More
McClellan Financial Publications, IncPosted Jan 9, 2020January 3, 2020The efforts of the Federal Reserve to inject extra liquidity into the banking system over the past 2 months have helped to fuel the year-end (2019) rally.Questions remain about how long the Fed may choose to keep up that effort, and whether the Fed has enough ink in the printing presses to overcome other market forces. And with...Read More
McClellan Financial Publications, IncPosted Jan 15, 2020January 9, 2020The major averages are ignoring missile strikes, oil market turmoil, and excessively bullish sentiment, keeping prices marching higher in 2020.But we have a major bearish divergence now in the VIX Index, which is NOT making lower lows to confirm those higher price highs.The VIX Index made its lowest closing low for this price u...Read More
McClellan Financial Publications, IncPosted Feb 6, 2020January 31, 2020The primary driver of stock prices is supposedly earnings, right?So how is it that earnings as a percentage of GDP have been falling since a peak in late 2014, and yet the major averages like the DJIA and SP500 are up 60% since then?This week’s chart looks at some data which is buried deep within the Bureau of Economic An...Read More
Abby was scheduleded to give the keynote speech at a conference at Georgia Southern Univeristy. She discovered that in order to speak publicly at a Georgia college she had to sign a pledge of allegiance not to Continue...Read More
McClellan Financial Publications, IncPosted Feb 24, 2020Febuary 20, 2020We had an inverted yield curve in 2019, and yet the planet did not tumble off its axis.The sky did not fall.So does that mean an inverted yield curve is not really a problem?In a word, NO!What the casual armchair economists do not realize about the yield curve is that the effects on the economy of changes in yields are delayed...Read More
McClellan Financial Publications, IncPosted Mar 4, 2020Febuary 28, 2020The Federal Reserve decided in September 2019 that it would start to insert itself into the market for “repurchase agreements”, or repos.The reasons why the Fed honchos decided that they needed to do that will be an interesting subject for future historians.For current market historians, the important point about th...Read More
McClellan Financial Publications, IncPosted Apr 6, 2020Apr 2, 2020The past 3 weeks have seen a huge surge in the bearish percentage among the investment advisors and newsletter writers in the Investors Intelligence survey.Often these data are shown as the spread between the bulls and the bears, but for this week I thought it would be informative to look at just the bears alone.And to better correl...Read More
Alasdair Macleod, has a background as a stockbroker, banker and economist, heightens his warning of an impending collapse of the existing dollar-centric fiat currency system.Alasdair Macleod is head of research for GoldMoney. He also runs FinanceAndEconomics.org, a website dedicated to sound money and demystifying finance and economics. He has a background as a stockbroker, banker and economist. Read More
Axel Merk, President and CIO of Merk Investments, talks about OUNZ, a paper gold ETF, that allows investors to take possession of physical gold.Axel Merk is the Founder, President, Portfolio Manager, and CIO at Merk Investments LLC. He is an expert on qualitative research and macroeconomic trends. Mr. Merk is also an expert on macro trends, hard money, international investing, and on building sust...Read More
Axel Merk, provides analysis of various markets and how to best prepare for survival and hopefully prosper in the midst of this impending economic depression.Axel Merk is the Founder, President, Portfolio Manager, and CIO at Merk Investments LLC. He is an expert on qualitative research and macroeconomic trends. Mr. Merk is also an expert on macro trends, hard money, international investing, and on...Read More
McClellan Financial Publications, IncPosted May 31, 2020May 28, 2020The officially stated rate of U.S. unemployment in April 2020 was 14.7%, the highest since the Great Depression, when the data were not as rigorously tabulated compared to these days. Regardless of whether the 14.7% number is exactly correct (it isn’t), it is still a high number. And May’s number may be higher still wh...Read More
Alasdair Macleod explains why John Laws Mississippi Bubble shows the path to dollar destruction perhaps by the end of 2020.Alasdair Macleod is head of research for GoldMoney. He also runs FinanceAndEconomics.org, a website dedicated to sound money and demystifying finance and economics. He has a background as a stockbroker, banker and economist. Read More
McClellan Financial Publications, IncPosted Jun 17, 2020Jun 11, 2020Back on March 19, I wrote here about "Stock Market Showing Another Example of ‘Rogue Wave’ Behavior".This week’s chart updates that same chart from the article 3 months ago. The only change is that 3 more months’ price data have been added.In an oceanic rogue wave, the huge wave “borrows&rdq...Read More
Nearly half of the population is still out of work illustrating just how far the U.S. labor market has to heal in the wake of the coronavirus. Continue...Read More
What happens when cities across the country, or the world for that matter, can no longer collect taxes from its taxpayers? In major cities like New York and Vancouver, the taxes the city is able to collect is dwindling as many companies and individuals are struggling financially in the wake of the coronavirus. In Robert Kiyosaki's latest quarantine update, he explains this tweet: "NEW YORK CITY GO...Read More
Alasdair Macleod with a background as a stockbroker, banker and economist, talks about the collapse of the dollar and China's move to have its own world reserve currency.Alasdair Macleod is head of research for GoldMoney. He also runs FinanceAndEconomics.org, a website dedicated to sound money and demystifying finance and economics. He has a background as a stockbroker, banker and economist. Read More