Bob Moriarty ArchivesSep 20, 2021We are in the liquidity crisis that happens at the end of all roaring bull markets when the piper shows up at the door and demands to be paid. It’s something that both Bob Hoye and I have been predicting for months. Perhaps it will be laid at the feet ofEvergrande but it really doesn’t matter. It was fated to happen and someone will always be blamed. Th...Read More
Precious metals markets got dealt a technical blow after gold and silver sold off on Thursday. Stronger-than-expected economic reports boosted the U.S. Dollar Index, which in turn gave futures traders all the rationale they needed to pound longs with sell orders. Silver traded down to a slight new 2021 low. Unless prices recover quickly here and carve out a double bottom, stop-loss selling could s...Read More
The Copper/Gold ratio remains at a key decision pointGold has been clobbered lately but a key metallic macro indicator remains in a long-term congestion zone. If it’s going to be cyclical ‘inflation ON’ we’d expect Cu/Au to break through and do what it has not done since a major inflation trade blew out in 2006-2008, and for the 30yr Treasury yield to eventually catch on an...Read More
Precious metals markets got dealt a technical blow after gold and silver sold off on Thursday. Stronger-than-expected economic reports boosted the U.S. Dollar Index, which in turn gave futures traders all the rationale they needed to pound longs with sell orders. Silver traded down to a slight new 2021 low. Unless prices recover quickly here and carve out a double bottom, stop-loss selling could s...Read More
The Copper/Gold ratio remains at a key decision pointGold has been clobbered lately but a key metallic macro indicator remains in a long-term congestion zone. If it’s going to be cyclical ‘inflation ON’ we’d expect Cu/Au to break through and do what it has not done since a major inflation trade blew out in 2006-2008, and for the 30yr Treasury yield to eventually catch on an...Read More
Precious metals markets got dealt a technical blow after gold and silver sold off on Thursday. Stronger-than-expected economic reports boosted the U.S. Dollar Index, which in turn gave futures traders all the rationale they needed to pound longs with sell orders. Silver traded down to a slight new 2021 low. Unless prices recover quickly here and carve out a double bottom, stop-loss selling could s...Read More
The Copper/Gold ratio remains at a key decision pointGold has been clobbered lately but a key metallic macro indicator remains in a long-term congestion zone. If it’s going to be cyclical ‘inflation ON’ we’d expect Cu/Au to break through and do what it has not done since a major inflation trade blew out in 2006-2008, and for the 30yr Treasury yield to eventually catch on an...Read More
Adam HamiltonArchivesSep 17, 2021Gold continues to struggle to make headway, bogged down by skittish gold-futures speculators. They are loath to buy in quantity, because they fear serious downside from expected Fed tightening. For that same reason they are quick to flee as a herd, unleashing periodic bouts of heavy selling hammering gold. That feeds bearish psychology, ramping worries about the im...Read More
August marked the 50th anniversary of Nixon’s abandonment of the gold standard. It caused so many problems for the economy…and gold didn’t take over?Last month marked the 50th anniversary of President Nixon’s suspension of the convertibility of US dollars into gold. This move broke the last, thin link between world currencies and the yellow metal, effectively ending the er...Read More
Sep 20, 2021 Guest(s): Amir Adnani, CEO, UEC With the move to decarbonize and to use cleaner energy accelerates, nuclear power faces rising demand from not just domestic U.S. consumers, but also increased energy demand from the Far East, said Amir Adnani, CEO of UEC. "China, by 2030, will have more nuclear generation than the United States. It is almost going to double the profile of nuclear ge...Read More
Allow me to summarize the dominant zeitgeist in America at this juncture of history:Grab yourself a big gooey hunk of happiness by turning a few thousand bucks into millions - anyone can do it as long as they visualize abundance and join the crowd minting millions.Beneath the bravado and euphoric confidence in our God-given right to mint millions out of chump change, a secret plea lurks unspoken:...Read More
August marked the 50th anniversary of Nixon’s abandonment of the gold standard. It caused so many problems for the economy…and gold didn’t take over?Last month marked the 50th anniversary of President Nixon’s suspension of the convertibility of US dollars into gold. This move broke the last, thin link between world currencies and the yellow metal, effectively ending the er...Read More
August marked the 50th anniversary of Nixon’s abandonment of the gold standard. It caused so many problems for the economy…and gold didn’t take over?Last month marked the 50th anniversary of President Nixon’s suspension of the convertibility of US dollars into gold. This move broke the last, thin link between world currencies and the yellow metal, effectively ending the er...Read More
August marked the 50th anniversary of Nixon’s abandonment of the gold standard. It caused so many problems for the economy…and gold didn’t take over?Last month marked the 50th anniversary of President Nixon’s suspension of the convertibility of US dollars into gold. This move broke the last, thin link between world currencies and the yellow metal, effectively ending the er...Read More
"The financial memory," argued John Kenneth Galbraith, "should be assumed to last, at a maximum, no more than 20 years."Just so. But why 20 years?This is normally the time it takes for the recollection of one disaster to be erased and for some variant on previous dementia to come forward to capture the financial mind. It is also the time generally required for a new generation to enter the scene,...Read More
"All the pieces are in place for a new bull market in gold to develop" for this small-cap gold exploration company with operations in Northern Ontario.E2 Gold Inc. (ETU:TSX.V), a Toronto-based small-cap gold exploration company, recently received positive attention from independent technical analyst Clive Maund and Dr. Quinton Hennigh, Geologic and Technical Director of Crescat Capital. Hennigh's...Read More
In a Sept. 3, 2021 broadcast, two Crescat Capital representatives discussed the current macroeconomic environment. Portfolio Manager, Tavi Costa, highlighted the bearish part of the picture along with investment opportunities with bullish potential. Chief Investment Officer, Kevin Smith, presented evidence of an overvalued equity market and noted what that means for the precious metals sector.Cres...Read More
Tomorrow the nation celebrates Constitution Day. Rather, tomorrow the calendar acknowledges Constitution Day.Few Americans realize the high day exists. Fewer yet will hoist a cheering toast in honor of the nation's founding charter - the first written constitution in Earth's history.Nor will your seditious editor celebrate Constitution Day.That is not because he scorns or abominates the United Sta...Read More
In a recent Crescat Capital briefing, Portfolio Manager Tavi Costa presented current financial metrics that are expected to affect the rising inflation thesis. Also, Chief Investment Officer Kevin Smith discussed his firm's view that the current market is creating an equity bubble and highlighted catalysts that could burst it.Tavi Costa, Crescat Capital portfolio manager, began the broadcast by li...Read More
Sector expert Michael Ballanger explores how modern financial times mirror his formative years in the 1970s.As many of you by now know, I love to relate past experiences from my life in an effort to explain not simply what I think but rather why I think, and to a greater degree, how I think about solving problems related to all aspects of my life, where a small fraction relates to money and where...Read More