Author Archive: Jeremy Parkinson
WSJ Reports: Bank Of North Dakota Outperforms Wall Street
While 49 state treasuries were submerged in red ink after the 2008 financial crash, one state’s bank outperformed all others and actually launched an economy-shifting new industry. So reports the Wall Street Journal this week, discussing the Bank of North Dakota (BND) and its striking success in the midst of a national financial collapse led by […]
E Merrimack Receives Fast Track For Pancreatic Cancer Drug
Merrimack Pharmaceuticals (MACK) reported news today that the company had received FDA Fast Track Status for its its investigational drug for Pancreatic cancer which it calls MM-398. When the FDA grants Fast Track Status it allows the company to submit parts of the NDA (New Drug Application) for approval in stages. This allows more frequent […]
Gold’s Rise Will Take A Rocket, Not The Stairs
Kitco News spoke with Peter Schiff at the Grand Cayman Liberty Forum about the gold market. They covered the gamut, from the economic fundamentals for gold’s next price rise to the Swiss gold referendum at the end of the month. Here are a few of Peter’s answers transcribed: “If [the ECB is] going to buy […]
E Bad IR Opportunities
This blog is late because of too many conference calls, but at least most of the news was good. My round-the-world summary in Monday was mostly gloomy. The problems of at least two of our shares turn out to be related to poor handling of news by their executives. While US company brass get early […]
The No. 1 Reason To Own Some Gold
Source: Wikimedia Dear Diary, Want to know the secret of success in today’s civilized world? Be civilized. More on that in one moment… First, we note that the Dow hit a new record high yesterday of 17,688, after rising 40 points. And gold is just a buck shy of the $1,200-an-ounce mark. It appears to have […]
Interview: Is The Economy Really Doing Better
In a recent interview with my friend Tom Zizka at Fox26 News, we discussed the recent election and the view by voters that the economy may not be as strong as statistical headlines suggest. During the interview Tom references a post I wrote discussing these divergences between the data and voter sentiment. “The dichotomy between the statistical […]
Finding Gold Dollars In Nevada: Thomas Drolet
Patience is the key to a golden future for both investors and miners. Thomas Drolet of Drolet & Associates Energy Services Inc. is an energy expert who is also an avid gold investor. He typically visits the mines in which he has a stake and talks turkey with managers. He has found a sweet spot […]
A Diversified, Safer Way To Hedge Against Stocks Using ETFs
There are plenty of ways that you can hurt a man and bring him to the ground. You can beat him, you can cheat him, you can treat him bad and leave him when he’s down. Queen – Another One Bites The Dust Over the last 12 months, most efforts to hedge against U.S. stock […]
Fed Hints It Won’t Bail Out Stocks Next Time
Curious why, even as many were expecting at the time, the Fed decided against commenting on the October market swoon? Here is the answer, in the Fed’s own words: … members considered the advantages and disadvantages of adding language to the statement to acknowledge recent developments in financial markets. On the one hand, including a […]
Here’s Why I Think The Fed Is More Insane Than The PBoC
Yesterday I saw this chart on Twitter. Sorry I can’t find the original tweet. The point of it was that the PBoC makes the rest of the world’s central banks look like pikers in terms of how much they have expanded their balance sheets. Wolf Richter also wrote a post about this phenomenon. Relative Growth of […]
