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
Puma Exploration intersected 5.55 grams/tonne of gold over 50.15 meters starting at surface on its Williams Brook Gold Project.Though the province of New Brunswick in Canada has historically produced only base metals, stunning new assay results reported by Puma Exploration Inc. (PUMA:TSX-V; PUXPF:OTCBB) suggest that New Brunswick may host at least one significant gold deposit.September 15th, 2021...Read More
The ECB tapered its asset purchases. Only that it didn’t taper at all. Are you confused? Gold isn’t – it simply doesn’t care.Tapering has begun. For now, in the Eurozone. This is at least what headlines suggest, as last week, the Governing Council of the European Central Bank held its monetary policy meeting. The European central bankers decided to slow down the pace of the...Read More
Autumn is just around the corner, andwhile the precious metals tasted some success most recently, the medium-term isstill set for a downtrend.With Fed Chairman Jerome Powell stickingto his dovish guns and U.S. nonfarm payrolls elongating the central bank’sperceived taper timeline, gold, silver, and mining stocks were extremely happycampers. However, with event-driven rallies much more sembla...Read More
What - precisely - is amiss with gold?Has the Midas metal... lost its Midas touch?For 18 months the monetary and fiscal authorities have rampaged, banging along with all brakes off.They have carried on at a gait truly astounding.Meantime, inflation finally appears to be rubbing the sand from its eyes and stretching its legs.And yet gold has wallowed, lolled and languished, despite all the money-sp...Read More
Sep 17, 2021 Guest(s): Dan Oliver Founder, Myrmikan Capital The natural course of the U.S. "empire" is that of currency devaluation and an eventual credit collapse, said Dan Oliver, founder of Myrmikan Capital. "What backs the dollar? The Fed's assets do, and if you look at the Fed's assets, what do they own? They own a bunch of Treasury bonds. They own the debt of an insolvent Congress," Oliver...Read More
The ECB tapered its asset purchases. Only that it didn’t taper at all. Are you confused? Gold isn’t – it simply doesn’t care.Tapering has begun. For now, in the Eurozone. This is at least what headlines suggest, as last week, the Governing Council of the European Central Bank held its monetary policy meeting. The European central bankers decided to slow down the pace of the...Read More
Autumn is just around the corner, andwhile the precious metals tasted some success most recently, the medium-term isstill set for a downtrend.With Fed Chairman Jerome Powell stickingto his dovish guns and U.S. nonfarm payrolls elongating the central bank’sperceived taper timeline, gold, silver, and mining stocks were extremely happycampers. However, with event-driven rallies much more sembla...Read More
LONDON, 15 September 2021 - Comment on the gold-market from BullionVault is highlighted today by a report posted at Yahoo! Finance, the popular investment news portal.Current inflation is "a long way off 1970s' levels," the report quotes Adrian Ash, director of research at BullionVault. But while it's "going global as energy prices soar...gold just isn't responding."Read Adrian's comments in full...Read More
The ECB tapered its asset purchases. Only that it didn’t taper at all. Are you confused? Gold isn’t – it simply doesn’t care.Tapering has begun. For now, in the Eurozone. This is at least what headlines suggest, as last week, the Governing Council of the European Central Bank held its monetary policy meeting. The European central bankers decided to slow down the pace of the...Read More
Autumn is just around the corner, andwhile the precious metals tasted some success most recently, the medium-term isstill set for a downtrend.With Fed Chairman Jerome Powell stickingto his dovish guns and U.S. nonfarm payrolls elongating the central bank’sperceived taper timeline, gold, silver, and mining stocks were extremely happycampers. However, with event-driven rallies much more sembla...Read More
The ECB tapered its asset purchases. Only that it didn’t taper at all. Are you confused? Gold isn’t – it simply doesn’t care.Tapering has begun. For now, in the Eurozone. This is at least what headlines suggest, as last week, the Governing Council of the European Central Bank held its monetary policy meeting. The European central bankers decided to slow down the pace of the...Read More
Autumn is just around the corner, andwhile the precious metals tasted some success most recently, the medium-term isstill set for a downtrend.With Fed Chairman Jerome Powell stickingto his dovish guns and U.S. nonfarm payrolls elongating the central bank’sperceived taper timeline, gold, silver, and mining stocks were extremely happycampers. However, with event-driven rallies much more sembla...Read More